Millionaire Manoirs of Particular Note

Millionaire Manoirs of Particular Note


French Property Insider

October 16, 2008
Paris, France

Bonjour French Property Insider Subscriber,

During these troublesome times of economic woes, worldwide, we focus our attention on where our assets will be safest.

Those of us who have invested in French real estate are not crying the blues like many of our friends who have watched their stocks turn to dust. While other property markets have waned, Paris remains steadfastly strong, and in fact, has risen this past quarter (next week we’ll report the latest property price figures as reported by the Chambre de Notaires).

In today’s issue, we bring you many ways of protecting your assets…from an offshore account with a 24% liquidity requirement that is safe and sound, to rest assured that a purchase in Paris is an asset that will continue to grow, while the dollar-euro rate of exchange has strengthened (today’s rate is $1.34 = 1) and on top of that, interest rates have dropped a half of a percent. Now’s an even better time to invest in France!

In honor of those whose stock market loss likely doesn’t affect their lifestyle — high net worth individuals — we take the opportunity in today’s issue to highlight Paris’ most expensive properties and those very special townhouses called "Htels Particuliers" — those gorgeous 17th and 18th-century mansions we’d all love to live in. My own Marais apartment was at one time the servants quarters in a modest 17th-century townhouse, oozing with history and charm…but certainly not of millionaire status!

So, dream of better times, plan your move to sound investments and remember that Paris should be at the top of your list!

A bientt,

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


P.S. The Living and Investing in France Real Estate Conference is behind us, but the attendees had lots to say about its value, so be sure to read the report and plan on attending the next one — scheduled for Spring 2009 in New Orleans.

Volume VI, Issue 42, October 16, 2008

In this issue:

* Conference Attendees Learn The Ropes
* How You Can Utilize Offshore Banking
* Million Dollar Properties an Easy Find in Paris
* Paris on Top 10 List of Places to Buy Property
* European Central Bank Lowers Interest Rate
* Auction Results: See What Properties Sold For
* French Property Fractional Offerings
* Last Chance to Catch our Recent Conference Call
* Today’s Currency Update from Moneycorp
* Hot Property Picks: What a few Million Will Buy
* Multi-Million Dollar Leaseback: CHATEAU BEUVRIERE
* French Property Mortgage Assistance
* Parler Paris Apartments — Mon Petit Chteau
* Parler Paris Aprs-Midi
* Managing Your FPI Subscription

Your Paris Portfolio?…No Panic
By Adrian Leeds

An Excerpt from Parler Paris
(including a report on the Living and Investing in France Real Estate Conference October 11-12, 2008)
Monday, October 13, 2008

Astrologists have lots to say about the chaos going on in the world right now, particularly due to the full moon tomorrow night, October 14th (which happens to also by my birthday — luckily not a very significant one, but an aging one, nonetheless): "…it could be a period of wild fires or plane crashes. It could be a period of some kind of upheaval around the world when it comes to terrorism. The planet Mars in astrology represents the god of war and defender of his people — representing our desires to get closer to our collective conscientiousness." (by Irene Lynn,

Paris doesn’t seem to be in chaos, at least not from the outside. This past weekend, the skies were a glorious blue, not a cloud to be found; the air a bit crispy. Sun worshippers had taken all the benches in the Place des Vosges to absorb the healing rays. They didn’t seem to be at all concerned about the financial crisis. Perhaps it hadn’t affected them in the least.

Meanwhile, 15 European leaders met here yesterday, led by French President Nicolas Sarkozy, to "tackle the global financial crisis, with governments being asked to commit themselves to preventing any major banks from collapse. He hoped to persuade his peers ‘to speak with one voice’ in a desperate effort to contain the worst financial crisis since the 1930s Great Depression." (

At this past weekend’s Living and Investing in France Real Estate Conference, Peter Zipper, President of Caye

International Bank in Belize, spoke of t
he dwindling liquidity factor and how the Central Bank of Belize sets a liquidity requirement of 24%, preventing Caye and the others from risk of failure.

The conference was the 22nd one of its kind, with one of the attendees having participated in a prior conference which had taken place in September of 2004 in Washington, DC. This was the same conference that introduced us to two of our current staff members, Joe Soileau and Florence Richburg, and from which came several who later successfully purchased property here in Paris.

It was a particularly memorable event at the time. Just like now, in 2004, it was election time, and perhaps the enthusiasm for an investment outside the U.S. was sparked by the possibility of a re-election of the Bush administration. We can only guess it was a factor, and as I’ve said in previous missives, this election is likely to do the same. Either way it goes, there will be a large group of unhappy folks who may be ready for a change.

On the top of that, the financial crisis complicates the decision. While we hear every day of those whose financial portfolios are dwindling thanks to the stock market declines, we are watching the dollar strengthen against the euro — today at $1.36 to 1.00. That means that the dollar buys more euro value than it has since about one year ago, reaching a high of $1.60 earlier this year.

Thanks to investments in property, particularly those here in France, I and many others in a similar position, are thanking their lucky stars. Our Rental Manager of Parler Paris Apartments, John Rule, who also spoke at the conference, noted that rentals this month have broken all our records, so owners of these apartments will be ‘laughing all the way to the bank.’ Let’s just make sure they put their proceeds into the right bank (!), or another piece of Paris property…where it will continue to grow!

During this conference, we added a special presentation about "Le Palace des Vosges" and the other Fractional Ownership Properties we are offering for sale, explaining the pros and cons of fractional (or co-) ownership vs single ownership. It’s not for everyone, but for some, it’s the perfect solution…and Le Palace des Vosges is certainly the best address anyone can have in Paris.

Martine di Matteo, our associate Interior Architect, presented her newly-made presentation boards of her design ideas for the two-bedroom, two-bath apartment, wowing everyone with the luscious and luxurious fabrics and practical concepts. Royal purples and historical brocades will set the tone for the palatial apartment, appointed with rich furnishings that mirror a bit of Marie-Antoinette’s style. It was the highlight of the afternoon before saying our "au revoirs" and " bientts."

After two days of being wined and dined " la Chez Jenny," and overwhelmed with information, the attendees handed in their evaluations and comments about the conference. Here’s what some had to say:

* "The speakers provided an extraordinary depth of knowledge on the right mix of topics for this subject. Thank you for job well done!"
* "Off the charts! So very helpful, informative…could answer all my questions with experience and intelligence."
* "Overall an excellent seminar. A lot of very useful information with which to move forward and make decisions. Even if I end up just renting and not buying, this has been extremely helpful."
* "Overall I thought the conference was top notch, and certainly met my expectations for learning and enjoying the company of like-minded souls. Merci!"

(To read more, visit

Then over dinner, co-sponsor of the conference, John Howell, and I concluded that we would plan our next one for some time in the Spring…perhaps in our favorite U.S. city and my home town, New Orleans…so stay tuned!

Mastering Offshore Banking: A Safe Place to Stash Your Cash

Caye International Bank, Belize

Belize is a leading Caribbean offshore jurisdiction, and many visitors are intrigued about offshore banking. The growth in international travel, coupled with the increasing use of the Internet to make a living or help manage businesses from afar, have led to growing use of offshore banking and offshore trusts. Others have made the same decisions to relocate or diversify their financial affairs and open offshore accounts.

Offshore Banks in Belize In addition to commercial banks in Belize serving local customers, Belize has developed a small but growing community of offshore (or international banks as they like to be called.) banks. These offshore banks were authorized by the Banks and Financial Institutions Act, 1995, and the introduction of the Offshore Banking Act, 1996, and the Money Laundering (Prevention) Act, 1996. By law they cannot serve customers who are citizens of or legal residents of Belize. The 1995 legislation defines an off shore banking as "receiving, borrowing or taking up foreign money exclusively from non-residents at interest or otherwise on current account, savings account, term deposit or other similar account and which according and subject to arrangement is repayable on the check, draft, order, authority or similar instrument of the customer, and investing the foreign money so received by lending, giving credit or otherwise exclusively to non-residents; or carrying on exclusively with nonresidents such other activities as are customarily related or ancillary to offshore banking." There are two categories of Belize offshore banks: "A" Class – Unrestricted and "B" Class – Restricted…


October 7, 2008

Dear Customer:

The economic and financial crisis currently sweeping the world has understandably triggered a high level of concern among our customers.

These concerns are in keeping with the magnitude of the crisis, and are largely justified given the excesses that led to th

e crisis. However, the degree of the response and the present lev
els of uncertainty are definitely somewhat excessive. As you are probably aware, governments around the world have confirmed their intention of supporting the international financial system.

I wish to assure you immediately, with regards to Caye International Bank, Ltd, that we are in no way involved or directly concerned by the sectors that have led to this crisis and resulted in huge losses for some of our peers.

Our Bank is unperturbedly taking notice, both on its own behalf and that of its customers. Like you, we would naturally prefer that it had never occurred, but be assured that we are coping with the crisis calmly and that our sound management and banking laws provides excellent security for your funds.

We are very active in the Private Banking sector and absent from the businesses with leverage that have constituted such a pitfall for some of our peers. Our Bank is not open to public offer and is therefore safe from the market misfortunes and pressures faced by listed companies. Lastly, as you know, our financial structure is extremely solid thanks to the strict international banking laws in Belize. We are regulated by the Central Bank of Belize who sets the liquidity requirement in Belize at 24% for every dollar deposited. Our loan to value ratio is 50:50.

Be assured that we shall continue to manage your funds with the utmost care and caution. Please do not hesitate to contact us for further information or discussion.

Yours faithfully,

Peter A. Zipper President – Caye International Bank, Ltd.

To learn more about offshore banking in Belize with Caye International, download their brochure by clicking here:

Peter A. Zipper, President
Coconut Drive, PO Box 11, San Pedro Town, Ambergris Caye, Belize, C.A.
Tel: +(501) 226-2388/3083, Fax: +(501) 226-2892
Email: [email protected]  or [email protected]

Millionaire Mansions
By Adrian Leeds

Hotel Sully

Paris is one of the most expensive real estate markets in the world and one of the most desirable investment cities. It should be no surprise that the most touristed city in the world should command such high prices for real estate.

In an era when property values are dropping while major banks are failing, Paris property values not only remain steadfast, but continue to increase, still at an annual average of more than 10%. That makes Paris one of the most risk-free investments on the planet, particularly in today’s economic woes.

The most expensive estates are private mansions inside Paris called "htels particuliers" (townhouses) with prices as high as one million euros ($135 million).

An htel particulier is an urban "private house" of a grand sort, often free-standing, and traditionally surrounding a central courtyard or garden. The French word "htel" represents the old French word for "hostel," but of course in modern usage the word "hotel" denotes a commercial facility accommodating travelers. Modern French also applies "htel" to these commercial establishments, but can also mean the town hall, as is the case for "Htel de Ville" and "Htel Dieu" ("hostel of God") is the old name given to the principal hospital.

Recently, after our mention of the view from "Le Palace des Vosges" (our newest Fractional Ownership property, of the "Htel de Sully," someone wrote: "I went to the search engine to see more of Htel de Sully and read the first reviews on the list…they were horrible." Of course, I realized immediately that she had confused a commercial hotel for travelers with the htel particulier of special note built by the Finance Minister in the early 1600′s adjacent to the Place des Vosges. (See more information [in French] at!

Sorry…not the same "htel!"

An excerpt from…
Worlds Top 10 Places for Investment

Published on: Friday, August 15, 2008
Written by: Yemisrach Kifle

Excerpt I:

A list of the top 10 places in the world for real estate investment was recently published by Forbes magazine. The Association of Foreign Investors in Real Estate (AFIRE) surveyed its 200 members, who own about $700 billion worth of property around the globe, to figure out where they are finding the best investment opportunities.

The list includes some of the most expensive cities in the world. Prime property in London and New York costs slightly more than $15,000 per square meter, according to Global Property Guide. A similar property in Paris, Hong Kong, Tokyo or Singapore costs more than $10,000 per square meter.

Tokyo, London and Hong Kong also make it into the top 10 cities with the highest cost of living, according to a recent study released by Mercer. Others are not too far behind, with Paris coming in at 12th place, Singapore at 13th place and Sydney at 15th place on Mercers list. The study uses New York City as the base at a score of 100 and goes on to score 145 cities around the world.

Shanghai and Munich are by far the least expensive cities on Forbes’ list of the top 10 places to invest…

Paris BuildingExcerpt II:

4. Paris, France

Demand for apartments continues to rise past supply in Paris
Just like most other markets around the world, the French housing market is also suffering from the effects of the credit crunch. In the first six months of 2008, prices fell 2.6 percent but rose by 3 percent in June, erasing the decline seen in the first two quarters of the year, according to an article at

The occupancy rate of the commercial market in Paris is at its highest, according to Forbes magazine. The sector will see rising rental prices for as long as demand continues to outstrip supply in the city, as is now the case.

Paris comes in at 12th place, right before Singapore, on the Mercer cost of living list, scoring 109.4. Prime location apartments are sold for about $13,826 per square meter, according to Global Property Guide.

To read the article in its entirety, visit

Interest Rates Drop, Property Sales Rise
By Adrian Leeds

Interest RatesThanks to an interest rate cut by .5% by both the Bank of England and the European Central Bank, the market is seeing a projected upturn in sales. When rates drop, payments are reduced and disposable income increases, therefore there is a natural increase in property activity.

Couple the drop in rates with increased competition among French lenders, who have continued to offer new and interesting loan products to the non-resident market, buyers have an even greater advantage in making sound property investments.

For more information, visit or contact John Rule, Mortgage Manager at [email protected].

Fractional Property Offerings from French Property Fractional

If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:

Place des Vosges ***NEW!!!


Le Petit Tresor Paris: LE PETIT TRESOR
Chez la Tour Paris: CHEZ LA TOUR
Maison Bleue Languedoc-Roussillon: MAISON BLEUE
Chateau Living Meaux: CHTEAU LIVING FRANCE

Results of the October 14th Notaires’ Property Auction

Notaires de Paris
Place du Chtelet
12 avenue Victoria
Paris 1st

Though you might not be interested in purchasing property through the auction system, it is interesting to keep an eye on the results as an indicator of what is happening in this segment of the property market in Paris. The most recent auction took place this week. The results for the sales of the properties we listed in the last two issues are below.

Additional information on Les Ventes aux Enchres des Notaires can be found on the Web site at Though the site has a button for an English version, it isn’t necessarily reliable.

Rooms 46,37 m

 94 rue Haxo
75020 PARIS 20eme
Starting Bid : 165 000,00
Sold For: 225 000,00



STUDIO 29,58 m

20/20 bis rue d’Annam
75020 PARIS 20eme
Starting Bid : 110 000,00
Sold For: 145 000,00


4 Rooms 64,4 m

160 rue Blomet
75015 PARIS 15eme
Starting Bid : 255 000,00
Sold For: 340 000,00



3 Rooms 58,7 m

332 rue Lecourbe
75015 PARIS 15eme
Starting Bid : 279 000,00
Sold For: Did not sell

3/4 Rooms 87 m

121 rue de Turenne
75003 PARIS 3eme
Starting Bid : 465 000,00
Sold For: 525 000,00


STUDIO 29,38 m

18 rue du Mont Cenis
75018 PARIS 18eme
Starting Bid : 185 000,00
Sold For: Did not sell



If You Missed the Property Conference Call…

"Owning All or a Fraction"

Thanks to everyone who participated in the Conference Call, "Owning All or a Fraction" on Sunday. We apologize for the technical problems we encountered, delaying the call. If you wish to review it, it is available for listening at this link:





Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp:
for up to the minute conversions of all major currencies.

Compare currency values easily and quickly by visiting:

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.

HOT PROPERTY PICKS: Million Dollar Paris

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

Hotel Particulier

***Paris, 16th arrondissement: 5-bedroom

, approx. 450m

On a charming private street, this 450 sqm Hotel Particulier with a 6
0 sqm garden offers all the warmth of a family house. Spacious living room with wood paneling, parquet floors and fireplaces, opens onto the garden with a veranda. Includes a magnificent master bedroom with bath, dressing area and den, and four large bedrooms, all elaborately decorated. Very close to the best schools and shops, the atmosphere is nevertheless the one of a country house.

Asking Price: 6,700,000 + 2.5% Finder’s Fee

Avenue Foch Apt***Paris, 16th arrondissement: 4-bedroom

Near l’Etoile. A perfect apartment in excellent conditon. Elegant decore with four bedrooms, four baths, and four maids rooms. Air conditionned, with magnificient view on view of Avenue Foch.

Asking Price: 5,250,000 + 2.5% Finder’s Fee


Chateau in Paris***Paris, 6th arrondissement: 12-bedroom Chateau, approx. 1228m

This exclusive private mansion, located at the corner of Jardin du Luxembourg at the heart of the famous Latin Quartier, was built in a typical 18th century French architecture.

Built around a very stylish 110 sqm Cour dhonneur, it benefits from a double-exposure: North on a 650 square meter-large private garden with multi-centuries trees and decorated with a great variety of vegetation, fountains and statues; South on the 7,000 square meter large garden of a state-owned institution.

Chateau in ParisExtremely quiet and very luminous, with 4 meter high ceilings on the reception floor covered with frescoes, it is a unique combination of classical French architecture and Italian Renaissance decoration.

The current floor plan has six separate entrances including private accesses for service rooms. The house has 12 sleeping rooms (3 for the service). Six large ones could be easily added by converting existing reception & prestige office rooms.

Asking Price: 38,000,000 + 2.5% Finder’s Fee


French leaseback

France, Atlantic Coast, Grez Neuville


Four Bedrooms 4400m 6,950,000


Magical 19th century chateau located just outside a picturesque village, 20 minutes from Angers in the Loire Valley. The property site comprises the chateau, numerous outbuildings, woodland, formal gardens, elegant terraces and encircled by its own private 2km driveway a 22 acre private lake with its own island and pier with an abundance of fish and wildlife virtually all-year round. The impressive white stone Chateau de la Beuvriere has recently been extensively refurbished with both square and round towers and ornamental turrets. The renovation boasts the very highest of standards, with high quality materials, craftsmanship and attention to detail.

French leasebackThe main chateau offers approximately 1545m2 (17 000 ft2) of living space arranged over four floors with a newly installed elevator accessing all floors. The chateau comprises grand reception rooms, professional kitchens and related catering facilities, sixteen bedrooms with ensuite bathrooms/shower rooms, three large suites and staff quarters. Additionally, there is a comprehensive security system, television and telephone connections to all of the bedrooms with individual numbers installed, as well as Internet connections. The ground, first and second floors benefit from professional dumb waiters. A large floodlit lakeside terrace has both water and electrical connections and is a wonderful area for outdoor entertaining.

Key Investment Points:
– Possibility to run a 5 star hotel business
– Mint condition offering a unique opportunity to own a part of French heritage!
– Excellent location in famous Loire Valley with easy access to Paris


French Propety LoanWhen 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 for more information or contact [email protected]


1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to:

Email: [email protected]/parlerparis

Parler Paris ApartmentsWelcome 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.

Mon Petit Chteau

A magnificent glass staircase, as unique as a work of art, is the centerpiece of this charming little country "chteau" in the middle of Paris.

Completely rebuilt by an interior designer in a French country style, it has been tastefully decorated, and designed with many practical amenities to save space and make life easier.

A wood beamed ceiling, exposed 18th-century stone wall, a contemporary glass-block bathroom with a romantic view on a peaceful, private garden and all make this little duplex an exceptional place to stay.

It can easily accommodate two in the bedroom plus one on a sofa bed in the living room on the main level. "Mon Petit Chteau" is on the ground level and first floor of one of Le Marais’ most beautiful 18th-century "maisons."

Reserve now! Visit
or email: [email protected]

Parler Paris Après Midi

Parler Paris Apres Midi

Come for a drink and to meet and chat with other readers in Paris…

The next gathering is November 4, 2008 and every second Tuesday of the month.



Managing Your French Property Insider Subscription is Easy!

French Property InsiderWe 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

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."


Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]


To access password protected pages: click on any of the links on the left panel of the home page of under "Subscriber’s Only," then type in your personal username and password.

Past issues of FPI are available on the website. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to

To receive your free French Leaseback Report or the Paris Property
Report, click on

We wanted better guides,
So we wrote them!

insider paris guidesInsider 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

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:


If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!):

Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC,


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