"First District ""Halles"" of Fame"

Today we start with number one. The number one district in Paris — the “First Arrondissement.” It’s the center, the heart, where everything begins. It is the least populated of all 20 districts and is one of the smallest by land area, but in spite of this, it boasts of some of the city’s most major tourist destinations such as Le Louvre, the Palais Royal and Les Halles. Even half of the Ile de la Cité, where Notre Dame and Kilometer Zero lie, is the First Arrondissement.
Our focus however is on Les Halles, the original large central wholesale market, replaced in 1971 by what Mayor Bertrand Delanoë called the “worst urban planning disaster in the history of Paris.” It is about to undergo another major renovation, in the planning for the past several years, now on the verge of breaking ground. Read Part I of this special report and download the official pdf document (in French) for the whole fascinating story.
With this renovation, will come renewed interest in the immediate vicinity of Les Halles. We have no idea how it will affect housing for the next few years, but my guess is that once complete, all property in the district will see a big boom. There is nothing more centrally located in the City of Light, and if you live by the idea of “location, location, location,” then this is it.
We also have a new report on Paris tourism for 2007 which illustrates just where you should be considering placing your bets. The sad news is that American tourism is a bit down, but overall, tourism in Paris is up, up, up and that’s a plus to anyone looking for revenues from this sector.
Properties of note are in the First, “bien sûr,” and watch for articles from some of our sister publications of note.

A bientôt…

Adrian Leeds
Editor, French Property Insider
Email: [email protected]

P.S. Register now for the Living and Investing in France Real Estate Conference in San Francisco July 26-27! Click here now! https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_SF_2008/index.html.
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Volume VI, Issue 22, May 29, 2008

* Les Halles Gets a Facelift, Part I
* Paris Tourism Trends in 2008
* The Center of Paris: 1st Arrondissement
* History of Les Halles
* Flexible Loans from UCB
* A Slowdown in European Property Purchases?
* Price of Older French Property on the Rise
* French Château Home Sweet Home for Brangelina
* Design Your Own Fractional Property in Paris
* Upcoming Living and Investing in France Real Estate Conferences
* French Property Consultation on House Hunters International
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: June 10, 2008
* Hot Property Picks: Finds in the First
* On the Auction Block: June 3 and June 17, 2008
* Leasebacks: Hameau les Claudins, France, Mediterranean Coast, Plan de la Tour
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — La Terrasse du Temple!

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Part I: The New Les Halles
By Adrian Leeds
As Interpreted from an “Actualité du Projet”
Published by the City Hall of Paris
The beginnings of the complete renovation of Les Halles is now underway!
During a contest between four architectural firms, the winner chosen in 2004 was the team of SEURA/David Mangin.
As a public space for pedestrians, the objective of the project is to reduce the traffic in the district by reducing the number of underground entrances and exits. Underground routes will be reserved for delivery stations and Forum des Halles parking with special attention to access by emergency vehicles. Lanes closed to traffic will be transformed into commercial space.
Around the garden, the streets will be redesignated to free surface space for gardens and pedestrian walkways. Rues Berger and Coquillière will become pedestrian paths, just a rue du Pont-Neuf up to rue de Rivoli.
Obstacles from certain entrances and exits will be removed so that the pathways will be simpler and more comfortable from rue du Louvre to rue Beaubourg, but also within the Montorgueil district down to rue de Rivoli. Parking for motorbikes is planned for the peripheral areas.
After the demolition of the existing pavilions at rues Lescot and Rambuteau, new construction must take place on the Forum underground to open up a new visibility. Defined by the rues Rambuteau, Pierre Lescot and Berger, and by the public garden, a challenge was launched in the Fall of 2006 with the objective to define the primary direction of the project: moderate the amount of construction, continued use of the garden, limit the amount of surface space under construction, with a balance between the amount of public space and commercial space.

Six teams have been selected to work on the project:
– ARTS – Jacques FERRIER – France
– Patrick BERGER et Jacques ANZIUTTI – France
– Paul CHEMETOV – France
– DU BESSET/LYON – France
– Massimiliano FUKSAS – Italy
– MANSILLA and TUÑON – Spain
– Stéphane MAUPIN with Mathieu POITEVIN and the Groupe K – France
– Marc MIMRAM – France
– PÉRIPHÉRIQUES – MARIN, TROTTIN and JUMEAU with Rémy MARCIANO – France
– TOYO ITO AND ASSOCIATES – Japan
For the Renovation of the Forum: “Verre, Eau et Lumière” by Patrick BERGER et Jacques ANZIUTTI
Glass, water and light…a new composite material will be used to provide a roof that is like a canopy of trees –allowing air, moisture and light, to have the sensation of being in the open air, but protected from harsh elements. The simplicity of the principal was actually developed by the one time roofs of the ancient Halles.
A new doorway into Paris, but also a new heart for the Forum des Halles, the project of Patrick Berger et Jacques Anziutti brings a new, ambitious and strong creative architectural force, which elicits powerful emotion, bordering on contemporary art, surrounding by the neighboring cultural center of Paris — Eglise Saint-Eustache, the Bourse du Commerce, the Fontaine des Innocents, the Musée du Louvre, the gardens of the Palais Royal et the Centre Georges Pompidou.
Patrick Berger obtained the National Grand Prize of Architecture in 2004. He was responsible for the renovation of the Viaduc des Arts (12th) and participated in the creation of the Parc André Citroën (15th). In 2005, he became associated with Jacques Anziutti and created the agency, Berger et Anziutti. Together, they created the Alfred Nakache Swimming Pool in the Belleville district (20th) which will open in 2008.
Editor’s Note: Part II will be continued in next week’s FPI. To read the report in its entirety, download the Original Version in French:
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/Les_Halles_dec_2007.pdf
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Paris Tourism 2008
By Adrian Leeds
In a report from the Office du Tourisme et des Congrés for 2007, 57% of France tourism is made up of foreigners, the largest group being American with 10%, followed by 9% from the U.K., 5% Spanish and 5% Italian, 4% German and 4% Japanese, 1% Chinese and the rest of the world makes up 19%.
From 2006 overall tourism was up 2.3% to 8,761,976 visitors. Tourism by Americans was down by 5.5% while tourism by Europeans was up 5.4%. Asians and Australian tourism was overall down by 3.3%, but the Chinese showed strong growth with a 9.4% increase.
It is predicted that the strongest growth between now and 2020 will be seen by the Asian and Australian tourists.
American tourism peak during the months of May, June and July, being at the lowest in December, January and February. This is in contrast to Japanese tourism which Peaks in January and February and again in September and October, with low periods in spring and summer months.
Visitors like best to discover and promenade, then visit museums and monuments. Shopping is third on their agenda of pleasures followed by visits t the parks and gardens, dining out, shopping at the markets/rummage sales/fairs and nightlife.
38% of their expenditures is on accommodations, 23% on shopping, 19% on dining out, followed by 13% on events and activities. In contrast, Russian tourists spend 50% on accommodations, 17% on shopping, 20% on dining out and 9% on events and activities. American tourists spend 38% on accommodations, 19% on shopping, 23% on dining out and 12% on events and activities.
The average hotel price in Paris for budget hotels is 4th lowest of major cities around the world, is 8th lowest for moderate hotels, but for high quality hotels, ranks as one the 5th most expensive city. It is not surprising, therefore, that the number of high quality hotel rooms doubled from 10,000 to 20,000 in the last 15 years.
The district with the most hotel rooms is the 9th (9,070), followed by the 8th (8,839). The districts with the least are the 20th (602), 4th (821) and 3rd (858).
Note: If I were to analyze these statistics, in the interest of vacat
ion apartment
rental, I would say that it would be wise to target Japanese tourists during the months the American tourists are not here, target Russian tourists rent luxury properties and make apartments available in the 3rd and 4th districts which have fewer hotel rooms!
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First Arrondissement of Paris
From Wikipedia http://www.wikipedia.org
The 1st arrondissement (Ier arrondissement) is one of the 20 arrondissements of Paris, France. It is the least-populated of the arrondissements, though it is also one of the smallest by land area. Much of the arrondissement is used for business and administration.
It is located mostly on the Right Bank, but it also covers the west end of the Île de la Cité. It is one of the oldest arrondissements in Paris; the Île de la Cité formerly being the heart of the Roman city of Lutetia, conquered in 52 BC, while some parts on the right bank (Les Halles included) date back to the early Middle Ages.
A significant part of the arrondissement harbors the Louvre and the Tuileries Gardens.
Places of interest:
* Arc de Triomphe du Carrousel, at the easternmost end of the Axe historique (“grand historic axis”)
* Banque de France headquarters
* Comédie-Française
* Crédit Foncier de France historical headquarters
* The Louvre
* Musée de la Mode et du Textile
* Tuileries Garden
* Galerie nationale du Jeu de Paume
* Les Halles
* Musée du Barreau de Paris
* Musée Grévin – Forum des Halles
* Palais Royal
* Hôtel de Rambouillet (former building)
* Hôtel Ritz Paris
* La Samaritaine
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Les Halles
From Wikipedia http://www.wikipedia.org
Les Halles (pronounced /le al/) is an area of Paris, France, located in the 1st arrondissement. It is named for the large central wholesale marketplace, which was demolished in 1971, to be replaced with an underground modern shopping precinct, the Forum des Halles. It is notable in that the open air center area is below street level, like a pit, and contains sculpture, fountains, and mosaics, as well as museums including the Musée Grévin – Forum des Halles (a wax museum).
Beneath this lies the underground station Châtelet-Les-Halles, central hub of Paris’s express urban rail system, the RER.
History
Les Halles was the traditional central market of Paris. In 1183, King Philippe II Auguste enlarged the marketplace in Paris and built a shelter for the merchants, who came from all over to sell their wares. In the 1850s, the massive glass and iron buildings that Les Halles became known for were constructed. Les Halles was known as the “stomach of Paris”.
Émile Zola’s 1873 novel Le Ventre de Paris (The Belly of Paris) revolves around Les Halles.
Unable to compete in the new market economy and in need of massive repairs, the colorful ambience once associated with the bustling area of merchant stalls disappeared in 1971, when Les Halles was dismantled; the wholesale market was relocated to the suburb of Rungis.
The site was to become the point of convergence of the RER, a network of new express underground lines which was completed in the 1960s. Three lines leading out of the city to the south, east and west were to be extended and connected in a new underground station. For several years, the site of the markets was an enormous open pit, nicknamed “le trou des Halles” (trou = hole), regarded as an eyesore at the foot of the historic church of Saint-Eustache.
Construction was completed in 1977 on Châtelet-Les-Halles, Paris’s new urban railway hub. The Forum des Halles, a partially underground multiple storey commercial and shopping center, opened in 1979. The building was criticized for its design and, as of 2005, the city of Paris has undertaken consultations regarding the remodeling of the area.
A long-standing problem in the Halles area was drug trafficking. Drug addicts and dealers would meet in the neighborhood. For this reason, the area was reported unsafe at dark. However, the issue appears to have died down in recent years.
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30 Year Variable Interest Rate Repayment Loans
From UCB – A BNP Paribas Company
In order to meet your needs, all of our variable interest rate repayment loans are now offered for terms up to 30 years.
This new term is applicable on:
1. Special Two or Five Year Mortgage
2. Three Month or One-Year Standard Variable Interest Rate Mortgage
1. Special Two or Five Year Mortgage
A flexible yet secure option for all types of acquisitions, old and new as well as refinancing. Particularly attractive for those who hesitate on taking out anything other than a traditional fixed rate mortgage. The interest rate remains fi
xed for two or five years then
becomes variable but with constant installments(*). If the rate fluctuates the term of the loan may be affected.
Advantages:
– A smart new solution that combines the security of a fixed rate with the flexibility of an adjustable rate. No surprises, your monthly repayment remains constant.
– This offer aims to ensure that you have the best market rate available. This enables you to be reactive if your personal circumstances change or if there is a reversal in market trends.
– As soon as you sign your mortgage contract you will know the amount of your monthly repayments to be paid after the first two or five years of the loan.
UCB International Buyers – Our Difference:
– You can borrow up to 85% of the property value.
– You can make early capital repayments at any time.(*)
– You have the possibility to convert this offer into a classic fixed rate mortgage for the remaining term whenever you want.
2. Three Month or One-Year Standard Variable Interest Rate Mortgage
Suitable for most projects, this mortgage starts out at a fixed rate and becomes variable. For the three month version, the first three months are at a fixed rate. At the end of the first quarter, the rate is reviewed and revised quarterly thereafter. However, the monthly installments stay the same throughout the remaining term of the loan(*). The same goes for the one year version except that the rate is reviewed and revised annually(*).
Advantages:
– The flexibility of a variable rate mortgage but security at the same time. The first period is secured by a fixed interest rate after which repayments remain constant.
– You will not pay any penalties in the case of early repayment.
UCB International Buyers – Our Difference:
– You can pay back capital at any time, in minimum amounts of 10% of the original capital borrowed(*).
– It is always possible to switch to a fixed rate at any time, just ask.
– After the first year of repayment, you are free to change the amount of your monthly installment.
(*) Subject to conditions. Please contact your Mortgage Adviser for further information.
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European Property in Decline?
From http://www.homesworldwide.co.uk
Is the strength of the euro putting British buyers off purchasing European property?
Currency experts Moneycorp revealed that interest in European properties has waned in recent months, while enquiries into far-flung destinations such as Australia, New Zealand and the US were on the up, but does this mean that British buyers have given up on European property altogether?
According to a report from the foreign exchange specialists, enquiries for France and Spain decreased by 11% and 12.5% respectively in April.
Mark Bodega, Director of Moneycorp explained: “Sterling weakened significantly against the euro over recent months, reaching an all-time low of €1.2344 in April. This has increased the cost of property for people buying in sterling.”
Meanwhile, interest in the US is reported to have doubled since April, while enquiries about Australia and New Zealand rose by 9% and 8% respectively.
While Spain is currently feeling the pinch, however, the French property market appears to be sustaining itself: “Property prices in France seem relatively stable,” says Bodega, “although British buyers are negotiating hard to make up for the inflated costs caused by the weak pound.”
The euro is currently holding strong at €1.25 to the pound, which sounds like bad news for those looking to invest in French property, but it seems that not even this can dampen the British appetite for homes in France.
“People feel really comfortable with France” said David Frere-Smith, Managing Director of French Property Links in an interview with The Sunday Times. “In addition, we are finding they are gravitating towards the old favorites such as Provence and the Dordogne.”
Although prices are on the increase in France, the strength of the euro does have some positive implications for British buyers.
Agents are now encouraging vendors to be more realistic about their pricing when targeting British buyers.
On top of this, the reduction in the number of speculative purchasers means there is less competition for properties.
While the currency situation may have put British investors off purchasing in certain European countries, it appears that France continues to offer stable conditions for buyers looking for investments closer to home.
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Older French Properties “Set to Rise in Price”
From http://www.holidaylettings.co.uk
Those looking to invest in French property should consider older properties as they are the most likely to rise in price, one expert claims.
Trisha Mason, founder and managing director of Vivre En France (VEF), explained that while the value of property in France has fallen in the first quarter of 2008, the market should now pick up.
“Capital growth of the finite supply of old stone properties continues and we anticipate seeing 10 to 15 per cent growth in prices of older property during
2008,” she said.</ p>
The cost of newer properties and apartments should remain stable over the course of the year, she added.
However, location is a factor and some areas will see growth of up to ten per cent for most kinds of properties, she concluded.
Figures released by France’s national association of estate agents show that property hotspots in the country include Le Havre, where the average value of a house increased by 13.1 per cent in the year to March 2008, and Biarritz where it rose by 8.2 per cent over the same period.
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Pitt, Jolie Buy French Riviera Estate
From http://www.wdsu.com
NBC news confirmed Tuesday that Brad Pitt and Angelina Jolie have purchased a French Riviera château for $70 million.
Sources said the couple viewed nearly 100 properties before picking the 35-bedroom estate.
The grounds include a vineyard, moat and forest. Sources said the pair bought it directly from the owner after spotting the property from the air in a helicopter.
Pitt and Jolie said they hope to move into the property, called Chateaux Miraval, by the beginning of August.
Jolie expects to give birth to twins on the 19th of that month.
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Design Your Own Fractional Ownership Property
With “French Property Fractional”
by Adrian Leeds
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/fractional
Fractional ownership may be a hot concept!…but we’re making it even hotter!
A new division of the Adrian Leeds Group, LLC, “French Property Fractional” is the newest and hottest way to own your piece of Paris simply, easily and inexpensively without the hassles of purchasing it on your own, but with all the benefits of doing it yourself.
What’s Fractional Ownership?
A hybrid of direct ownership and time sharing, it combines the best elements of both. The primary differences are that while timeshares involve many shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market.
Most Paris fractional property opportunities are properties that have been purchased, renovated and decorated by one developer who then sells off the shares. Most of these offerings sell six to twelve shares to minimize the investment amount while maximizing the size, location and quality of the apartment.
What’s new about “designing your own” property?
While this system works well for many investors, we found that there are large numbers of individuals who would like to combine the benefits of traditional fractional ownership with single-party ownership, enjoying more time to personally use the property, having more decision-making power about the property, more input and more control. We believe that YOU want to feel like the property is really YOURS — and it is!! So, why not have a more personal relationship with the property.
Here’s how French Property Fractional works:
FIRST, WE OFFER A “CONCEPT”
Our team is offering a property CONCEPT…to search and find the following property to be shared between only a very small group of owners — four to six:
“MY PIED-A-TERRE IN LE MARAIS”
SIZE: 35 to 45 square meters (377 to 485 square feet)
ROOMS: two rooms — one bedroom apartment, with bedroom on a courtyard for quiet, full bath (perhaps bath + separate toilet) and open American-style kitchen
LOCATION: Le Marais, districts 3 or 4
LEVEL: No higher than 3rd floor (European) without an elevator
BUILDING TYPE: 17th, 18th or 19th-century (no newer buildings!)
AMENITIES: lots of light, nice views, fireplace or balcony or patio, secured storage for personal belongings, all new kitchen and bath fixtures, all the luxurious comforts
COST:
4 shares, 135,000€ each, 3 months of usage per year
5 shares, 108,000€ each, 10 weeks + 2 days of usage per year
6 shares, 90,000€ each, 2 months of usage per year
Total 540,000€
USAGE: Owners determine their own usage calendar and have
complete flexibility to arrange their calendar among themselves
FEES INCLUDE:
* Full price of the property including agency fees.
* All notarial and legal fees.
* Property search and consultation fees.
* Complete renovation and furnishing of property to luxury standards by professional interior architect and contractor within certain budgetary constraints.
EVERYONE MUST AGREE:
Members of the purchase pool must be willing to invest the full amount of at least one of six, one of five or one of four shares to be held in an escrow account to fund the property search, purchase and renovation.
The search will commence upon commitment in writing and
receipt of funds from all m
embers of the purchase pool with an agreed upon allowance for a minimum of 90 days to locate the property.
Upon location of a property that fits the above parameters, a memo with photos and description of the property will be sent to all members who may decide at that time to approve or decline the property in a timely manner — within 48 hours of receipt of the memo. Any group which is able to approve the found property with a combined total of 540,000€ will enable the purchase process to proceed.
Members of the purchase pool will provide proxy to the Adrian Leeds Group, LLC to sign notarial documents on their behalf: the Promesse de Vente and Acte de Vente — allow 3 to 4 months to completion.
Three decor concepts that fit within the renovation budget will be presented to the purchase pool for voting and will be executed by the interior architect and construction team. Any choices made by the purchase pool outside the framework of the budget will be charged over and above the initial fees. Allow 2 to 3 months to completion.
Members of the purchase pool will appoint one spokesperson for the purchase pool to make day-to-day decisions and act as a “liaison” between all members of the purchase pool.
NOTE: The Adrian Leeds Group, LLC will offer optional property management services upon completion of the sale and renovation at an additional expense to oversee the maintenance of the property, provide housekeeping between owners’ visits, manage the calendar of owner visits, pay all annual taxes, utility bills, etc. OR the group may operate fully on its own upon completion of the process.
If you are interested in participating in a purchase pool for “MY PIED-A-TERRE IN LE MARAIS,” email Adrian Leeds at [email protected]
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Adrian Leeds, of Parler Paris and French Property Insider and John Howell, The International Law Partnership, Present the…
Living and Investing
in France Real Estate Conference
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference
Upcoming Conferences in 2008:
Living and Investing in France Real Estate Conference
London
Date: June 22, 2008
Location: International Law Partnership Offices, Holborn Hall, 193-197 High Holborn, London WC1V 7BD
Times: 10 a.m. to 6 p.m. with buffet lunch
Limit: 25 attendees
Registration Fee: £147 1st person, £97 2nd person
To learn more and reserve your place, click here: https://adrianleeds.com/frenchproperty/conference/LIF_London_June_2008/index.html
Living and Investing in France Real Estate Conference
San Francisco
Date: July 26-27, 2008
Location: An Alliance Française of San Francisco Special Event!
Limit: 80
Don’t miss our 22nd Living and Investing in France Real Estate Conference! Learn how to live and invest in France…profitably.
Registration Fee:
Single Person Seminar $427, Parler Paris Subscribers, French Property Insider Subscribers, Clients of International Law Partnership and Special Friends Save $50, You Pay Only $377
Second Person $327 (Add Your Spouse, Partner or Friend), Parler Paris Subscribers, French Property Insider Subscribers, Clients of International Law Partnership and Special Friends, Save $50, Second Person Pays Only $277
To learn more and reserve your place, click here: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_SF_2008/index.html
For more information, email [email protected]
Living and Investing in France Real Estate Conference
Paris
Date: October 11-12, 2008
Location: Paris Chez Jenny
Times: To Be Announced
Limit: 100
Registration Fee: To Be Announced
For more information, email [email protected]
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See French Property Consultation on House Hunters International!
Episode HHINT-402
“Settling Down in Paris”
Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Property consultant Adrian Leeds is enlisted to help.
AIR TIMES:
• May 31, 2008 10:30 PM ET/PT
• June 01, 2008 2:30 AM ET/PT
• July 16, 2008 10:30 PM ET/PT
• July 17, 2008 2:30 AM E
T/PT
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TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
https://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html
Charts
http://www.Moneycorp.co.uk/members/charts.asp
The charts below are updated every ten seconds.
The prices shown are “inter bank” exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
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Parler Paris Après Midi
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is June 10, 2008, and every second Tuesday of the month.
 
 
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HOT PROPERTY PICKS: Finds in the First
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.
As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation
***Paris, 1st Arrondissement, 3 rooms, approx. 78m²
Near rue St Denis, Rambuteau, Etienne Marcel. On the third floor of a renovated building with elevator. Living room with large windows, very bright, master bedroom with shower en suite, second bedroom, bathroom, separate toilet. Wood floors, fireplaces, high ceilings and cellar. See it quickly — it won’t last!
Asking Price: 730,000€ + 2.5% Finder’s Fee

***Paris, 1st Arrondissement, 5 rooms, approx. 107m²
Rue Etienne Marcel. Classic family appartment in a beautiful pierre de taille building, completely renovated. High ceilings, wood floors, three bedrooms, separate kitchen. Lots of potential.
Asking Price: 860,000€ + 2.5% Finder’s Fee
 

***Paris, 1st Arrondissement, 3 rooms, approx. 95m²
With a view on the Fontaine des Innocents, this is a unique apartment with lots of character. On the second floor, it is a loft style with high ceilings. Fully equipped, open kitchen, 1 bedroom with mezzanine, spacious living room. Charming features include large windows, wood floors, beams, fireplaces. A real coup de coeur!
Asking Price: 895,000€ + 2.5% Finder’s Fee

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Paris Auctions
http://www.encheres-Paris.com
Next Sessions: June 3 and 17, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st
Additional informati
on on Les Ventes
aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/articles/auctions1.html
June 3, 2008 at 2 p.m.

	4/5 rooms 2 square des Aliscamps 75016 Paris 16th Opening bid: 631,800€ Deposit: 126,360€
	2 rooms 2 square des Aliscamps 75016 Paris 16th Opening bid: 296,400€ Deposit: 59,280€
	4/5 rooms 2 square des Aliscamps 75016 Paris 16th Opening bid: 631 800,00 € Deposit: 126 360,00 €
	4 rooms 95 m² 35/37 rue Bonaparte 75006 Paris 6th Opening bid: 926,400€ Deposit: 185,280€
	2 rooms 56,5 m² 3 quai Malaquais 75006 Paris 6th Opening bid: 450,000€ Deposit: 90,000€
	3 rooms 132 boulevard Suchet 75016 Paris 16th Opening bid: 312,800€ Deposit: 62,560€
	3 rooms 33,3 m² 16 rue de Visconti 75006 Paris 6th Opening bid: 290,000€ Deposit: 58,000€
	4 rooms 76,5 m² 28 rue Jacob 75006 Paris 6th Opening bid: 490,000€ Deposit: 98,000€
	Studio 46,10 m² 15 rue du Louvre 75001 Paris 1st Opening bid: 270,000€ Deposit: 54,000€
	3 rooms 52,9 m² 62/74 boulevard Garibaldi 75015 Paris 15th Opening bid: 230,000€ Deposit: 46,000€

June 17, 2008 at 2 p.m.

	6 rooms 142,41 m² 3 boulevard de la Tour Maubourg 75007 PARIS 7th Opening bid: 900,000€ Deposit: 180,000€
	House 88 m² with land of 87 m² 7 villa Claude Monet 75019 PARIS 19th Opening bid: 300,000€ Deposit: 60,000€
	7 room triplex 159,65 m² + balcony 48 boulevard Saint-Germain 75005 PARIS 5th Opening bid: 1,400,000€ Deposit: 280,000€
	2 rooms 66,7 m² + balcony 48 boulevard Saint-Germain 75005 PARIS 5th Opening bid: 600,000€ Deposit: 120,000€

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LEASEBACK NEWS FROM IMOINVEST< /font>
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HAMEAU LES CLAUDINS
France, Mediterranean Coast, Plan de la Tour
NEW LISTING
Studio 19m² to 35m² €99,000 to €149,000
One Bedroom 19m² to 35m² €229,000 to €249,000
Two Bedrooms 42m² to 68m² €329,000 to €357,000
EXPECTED RENTAL INCOME UP TO: 3.50%

Les Claudins is situated in the municipality of Plan de la Tour. This small municipality (2400 residents) lies in the Gulf of Saint Tropez at 7 kms distance from the boulevard and beaches of Sainte Maxime. The Gulf of Saint Tropez is easily accessible by motorway or by plane with daily flights from England, Ireland and Scotland to Nice, Toulon and Marseille.
“Les Claudins” is a typical Provençal hamlet which consists of two buildings made of natural stone. At the moment the developer has started renovation which respects traditions of the hamlet and modern time demands. The grounds of “Les Claudins” are 35,000 sqm; there is a swimming pool, jacuzzi, jeu de boules (Baci Ball) and a parking area. Access to the domain will be through a large gate at a sideway of “The Route de Vidauban.” The grounds are surrounded by the Nature Reserve of “Les Maures” and have a spectacular view over the Alps.
Plan de la Tour is a typical French village, busy all year round with its squares, market, shops and restaurants. The surrounding are is full with vineyards, and the nature reserve of “le massif des Maures.” Besides the fact that the project is situated in a splendid area, it’s also very picturesque with only 11 apartments in the 1st phase. This project includes studios, one bedroom and two bedroom apartments. Each apartment has its own balcony or terrace.
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SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Let us help you secure a mortgage in France at a competitive interest rate. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information or contact [email protected]
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Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?
It’s easy…
1. Go to https://adrianleeds.com/frenchproperty/insider
2. Click on “Manage Subscription.” You’ll find it under the “Subscribers Only” section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to “Manage Your Account” and click on “Change Password/Edit Profile”
5. Once you’ve made the changes, scroll down to the bottom of the page and click on “Save Profile.”
Simple!
Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]
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We wanted better guides.
So we wrote them.
Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code “ED762.” This promotion code gives you 10% off your total
order.
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special “coupon” Web link just for you:
http://www.insiderparisguides.com/offer/fpi_offer.htm

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THINGS YOU NEED TO KNOW

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Past issues of FPI are available on the website. You will find the
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To receive your free French Leaseback Report or the Paris Property
Report, click on
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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to: http://www.onlineconversion.com/

==== CLASSIFIED ADVERTISING ===

PARLER PARIS APARTMENTS
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Email: [email protected]/parlerparis

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the “seal of approval” from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
NEW LISTING!
La Terrasse du Temple
Rue du Temple, 3rd Arrondissement, Le Marais
One-Bedroom with Air Conditioning, Sleeps up to 4
This newly renovated air-conditioned apartment, located in a 16th-century building, is an immaculate and calm one-bedroom oasis in the heart of Paris. Bright and luxurious, La Terrasse du Temple offers all the comforts of home in a well layed-out 35 square-meter package…
Reserve now! Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments/rentals/temple.html
or email: [email protected]

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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com