Never Say No to Nice
Nice, the Côte d’Azur
September 17, 2009
Bonjour French Property Insider Subscriber,
Nice was awfully nice over the weekend with bright skies and warm breezes until the Summer season came to an abrupt halt, turning the weather cold and rainy on Tuesday. But, who can complain? The lowest average temperature in Nice is 42 degrees Fahrenheit in January and the highest average temperature is 82 in August. Yep, Nice is nice.
I went there for a long weekend to explore the property opportunities there and along the Côte d’Azur. It was selfish of me — as it’s my long-term plan to have a "pied-à-terre" in France’s mildest climate on the sea — and one of the most beautiful spots on the planet, not to mention one of the most luxurious.
The goal was to see how feasible it is to own and operate a rental property, particularly in Old Nice, where I believe, the rentals will generate the best occupancy rates and where property will appreciate well.
It was a very enriching and broad learning experience, plus I discovered with the help of Joe Wallace, an American living in Monaco, many properties worth owning. But, watch out — they will sell quickly. Be sure to read all about Nice in today’s issue of FPI and what we discovered — as if you are seriously interested in any of these properties, you will want to react quickly, before they get scarfed up.
While we’re focusing on Nice and the Riviera in today’s issue of French Property Insider, don’t miss the many other articles about today’s property market in France that provide a current picture to help you make important investment decisions.
Don’t miss planning for taking part in this weekend’s annual "Journées du Patrimoine" if you’re going to be here — scroll down to read more about the events.
And today’s Hot Properties…on the hot Côte d’Azur, of course!
Editor, French Property Insider
Email: [email protected]
P.S. If you are an American/Canadian/Australian or New Zealander living in Nice or environs looking for ways of earning a few ‘shekels’ by spending some time in the field of ‘hospitality,’ please email us at [email protected].
P.P.S. Don’t forget, if you are newly subscribed or have just renewed your subscription of FPI (at half price!), you may participate in the October 18th Conference Call, "Your Pied-à-Terre in Paris: Own It All or Just a Fraction." Stay tuned for call-in instructions.
Volume VII, Issue 37, September 17, 2009
In this issue:
* FPI Explores Property in Nice
* Lifestyle: Personal Blog on Life in Nice
* Discover All Nice has to Offer
* Subscription Renewal at Half Price!
* BNP Presents International Buyers Report
* FPI Fractional Property Offerings
* Paris Opens up Monuments to the Public
* How Safe is Buying Property in France?
* France Becomes Target for Commercial Investment
* Moneycorp: Take the Risk Out of Currency Conversion
* Free Consultation Offer Ending Soon!
* Parler Paris Apartments: Le Bonaparte and L’Eysée
* Update: HôtelLambert Renovation Halted
* Hot Property Picks: Captivating Charming Côte d’Azur
* Notaires’ Property Auctions Returns September 22
* Money Matters for Women Conference in October
* Property Show in the Fall: Focus on Luxury
* How You Can Obtain a Mortgage in France
* Parler Paris Après-Midi: Back on Regular Schedule
* Managing Your FPI Subscription
* Subscribers Receive Discount on Insider Paris Guides
Excerpt from Parler Paris Nouvellettre®
Wednesday, September 16, 2009
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Shortly upon arrival home from a long weekend on the Riviera in the land of our beloved Grace Kelly, I got in bed and turned on the TV only to come immediately upon "High Society" playing on TCM (Turner Classic Movies) with…yep, you guessed it, Grace Kelly. It seemed "synchronistic," to say the least.
Signs like this tell me that I’m in the right place at the right time. That’s what it felt like being on the Côte d’Azur while researching the property opportunities in Nice. Everything fell just into place — even getting stuck between floors in the ancient elevator at number 7 rue Alexandre Mari with Florence (who is "elevaphobia" — or elevator phobic (term coined by Ray Griffin in 1997), was totally predictable. (We laughed until we cried, called three different people to help get us out and took pictures all the while until the technician came to liberate us!)
It was a very enlightening three days while sampling Salades Niçoises and visiting about a dozen properties in Old Nice and along the Promenade des Anglais, including an abandoned 500 square-meter villa on the water and a multi-level "pied-à-terre" five flights up with no elevator (perhaps that would have been safer?), but spectacular views of all of Nice.
Joe Wallace, our Property Consultant based in Monaco, set up the full day of visits with several of Nice’s best agencies. The goal was to find properties that would make great short-term vacation rental apartments with a good return on investment, particularly designed to meet the needs of the American/Canadian/Australian/New Zealand travelers. The British are prominent visitors of Nice and environs and clearly have their own network and are culturally quite different from us — satisfied with quite different standards and rules.
I learned all too well how the rental agencies work in Nice while renting one of their apartments — what their approach to a "luxury rental" is: "give them as little as possible for the money." The French-run agency which is one of the most prominent in Nice, spent more time arguing why we had only one towel a person for a three-day stay, and why the apartment was not equipped with a hair dryer or trash can, than trying to make our stay as pleasant as possible, except for the nice note I received upon my return — "We hope that we have satisfied your requirements in terms of the comfort and location of the apartment, as well as our effort to be as professional and accessible as possible during your stay."
It was clear there is room for improvement on the Riviera. Even the agencies haven’t come across people who understand that when you ‘make a higher investment you can achieve a higher gain’ — such as doing the necessary renovation, decoration and amenities improvements, which cost little in comparison to the increased revenue possibilities. No one’s ever even approached them before with this idea.
I chose Nice because while there are many fabulous spots along the Riviera in which to invest and enjoy, Nice, and particularly Old Nice, will have the least seasonality for strong year-round rentals…the key to a better "ROI." Even the apartments along the Promenade des Anglais don’t personally thrill me. Sure, they have a perfect sea view, but most of them are in charmless industrial-type buildings with no character and the noise from the busy street below drowns out the sound of the waves. (I would be interested to know how many of you are willing to endure the din of the traffic in order to have a large terrace with a perfect view of the sea.)
At the end of a long day of walking up and down the coast, winding through the old streets, climbing stairs and getting stuck in elevators, we narrowed our choices down to three properties we felt would achieve our goals. They won’t last long. The good ones never do, but the agencies await our news that perhaps we’ll have a buyer for one or two or even all three.
#1. Heart of Old Nice one block from Cours Saleya. Asking price 225,000€ (but the agent believes the seller will take less than 200,000€). "Loi Carrez" (legal habitable space) 33m2, but surface space about 40m2 — because it’s on the top floor under the eaves (with elevator that works). It has six small windows, some with great views, some with views of the courtyard. The configuration of the apartment is entirely wrong, but not irreversible. With renovation and reconfiguration (about 70,000€), I believe this apartment could be a "cash cow" — meaning that it would stay rented with an occupancy rate of at least 60% and likely much higher. It’s not a place to live in for long periods of time, due to the lack of large windows and views, but for a week on the Côte d’Azur for up to four people…perfect.
#2. Eastern end of Old Nice one street in from the ocean. Asking price 350,000€ non-negotiable. Loi Carrez 52m2, but you’d swear it was much larger. The Art Deco building is currently under complete renovation, already voted and paid for by the seller. Being only one flight up (with elevator) on a quiet street, there are views of the ocean and Nice, but not totally unobstructed. It has no balcony, but the one main large window when open still affords the feel
ing of being ‘there’ and the apartment is loaded with 1920s charm. It is also reconfigurable to allow for a luxurious bathroom on an outdoor patio, or possibly a second bedroom, so that it could sleep four to six. Plan on a total renovation costing about 100,000€ to get it to the standard it deserves. This could have been my favorite apartment with its high ceilings, French doors and incorporated green spaces.
#3. Far eastern end of the Quai des Etats-Unis next to the Hôtel Suisse. Asking price 535,000€. Loi Carrez 60m2 for a studio apartment — the main room is more than 35m2. It’s on the 3rd floor with an elevator (great so that when the elevator isn’t working, walking up is a sinch). The views from the two large windows in the main room is THE BEST view of Nice possible and the location is superb. Everything in the apartment is brand new and beautifully done. The only reason this apartment didn’t sell long ago is that no one realized that the main room could be reconfigured to add a bedroom turning a studio into a one-bedroom with the possibility to sleep four (about 35,000€ to renovate and decorate).
Of the three apartments, #1 will be the easiest to rent (lower rental yields) and therefore will achieve the highest occupancy. #2 is the apartment to live in on a longer-term basis and #3 is likely the best for future appreciation, if not the best rental return on investment.
None of them fulfilled my own vision of Nice, but that doesn’t mean they aren’t worth owning. We are learning more all the time and acquiring the necessary contacts to make it happen for us…as well as for you. If you are interested in any one of these properties (they sell fast!), or would consider investing in other properties on the coast, write me!
Besides, this would give me another perfect excuse to head south to where the sun shines brightly most days of the year over the red tile roofs and I can order a Salade Niçoise at every meal.
Editor’s Notes: If you have any interest in purchasing a "pied-à-terre" in Nice or environs that you can enjoy yourself while renting it out to visitors when you’re not there, taking advantage of the revenues and the sure-to-appreciate investment…all while knowing someone you trust can manage it…Click here to send me an email: [email protected].
And if you are an American/Canadian/Australian or New Zealander living in Nice or environs looking for ways of earning a few ‘shekels’ by spending some time in the field of ‘hospitality,’ please email us at [email protected].
Ella Dyer has been living on avenue Jean Medecin for nearly as long as she’s been reading Parler Paris. Her dear friends in the Old Town and Nice "proper" joke that Nice is "a sunny place for shady people"…perhaps one of the things I love most about Nice — it’s ‘shady’ side.
Ella writes blog about Nice: "Nice In Nice" — The day-to-day musings of a middle-aged American housewife living "part-time" in the South of France and loving every minute of it. (Bloggin’ my [her] "buns" off!) For fans of Nice and environs, you may want to tune in: http://www.madamedyer.blogspot.com.
Nice is a city in southern France located on the Mediterranean coast, between Marseille, France, and Genoa, Italy, with 347,060 inhabitants in the 2006 estimate. The city is a major tourist center and a leading resort on the French Riviera (Côte d’Azur). It is the historical capital city of the County of Nice (Comté de Nice).
Top Nice Attractions
By Kelby Carr
Nice itself is an attraction: the rich blue-green sea, diverse shopping, splendid dining and lovely art-deco façades. But there are several spots that a tourist simply must see, such as the Cours Saleya Flower Market, the Matisse Museum, ancient Roman ruins, the Russian Cathedral and more. Nice is second only to Paris in the number of
eums and galleries. Be sure you know which spots have the most allure before you visit.
1. Promenade des Anglais
Few spots epitomize Nice — or, in fact, the joie de vivre of the French Riviera in general — than the inviting Promenade des Anglais. It is always bustling with humanity.There are tourists relaxing in the royal blue chairs lining the shore. There are locals roller blading, biking or jogging along it. Vendors sell crepes and drinks on it. Best of all, there are delightful (if over-priced) seaside restaurants. Splurge on a chaise lounge, and let waiters bring you cocktails and appetizers.
2. Cours Saleya Flower Market
Nice’s famous Flower Market is one of the best attractions in the whole city. The edges are lined with cafés and souvenir shops, and the stands themselves are packed with amazing produce and myriad flowers. It operates six days a week, replaced on Mondays by a flea and antiques market.
3. Matisse Museum
The lovely and innovative art of Henri Matisse was inspired by the fresh colors and lines of Nice. Just take a look at any of his art peering out of balcony windows, and you will surely see the Riviera shoreline. This vast museum shows Matisse’s works from his more traditional early days to the end of his career. There are also some of his personal effects here. The museum gift shop features prints of the artist’s works.
4. Vieux Nice, or Old Nice
Old Nice is downright dripping with atmosphere. Its narrow streets are a one-stop shop for take-home finds, such as Provençal wares, household items, wine, gourmet gifts, hip clothing and more. There are numerous restaurants in the area, as well as several fun bars and nightclubs. Be sure to stop off for a delicious ice cream in this neighborhood.
5. Le Château
The best reason to visit the chateau is for the spectacular panoramic view of the city and sea. You won’t actually see much of a castle (only a few sections of it remain). You can take the elevator up for a nominal price or hike up the stairs for free to the park atop the hill. Be sure to bring your camera.
6. Rue de France Pedestrian Zone
The Nice pedestrian zone, or "zone pietonne," is a hub of activity. This is the place if you need to load up on souvenirs. Street entertainers frequent this area. There are gourmet shops, clothing shops, news stands, bookstores and more. (Check out the Ducs de Gascogne store for some real finds). Grab a café au lait and watch the world go by, nibble on a crepe, or visit in the evening for a robust meal with an Italian accent. This is just a lively spot!
7. Theatre de la Photographie et de l’Image
This homage to the photographic arts is housed in a lovely renovated building a couple blocks off the busy Boulevard Jean Medicine thoroughfare. The museum typically hosts exhibits of universal appeal, such as a show dedicated to portraits of Hollywood celebrities over the decades and an exhibition on American Indians. Entry is free.
8. Russian Cathedral
What a juxtaposition: the traditional Russian onion towers in the background, and the tropical palm trees in the foreground. As odd a pairing as the two seem, the Russian Cathedral is just one of many Russian attractions in the city. The Russian aristocracy used Nice as a balmy getaway, and left their indelible mark on the Riviera city. The cathedral is the finest example, and provides a rare opportunity to experience the former U.S.S.R. on the Cote d’Azur.
9. Nice Archaeology Museum and Roman Ruins
The Russians weren’t the first to succumb to the allure of Nice. The ancient Romans also called the area home, and to this day visitors can see the ruins of a Roman arena and bathhouses at (or next to) this museum in the Nice Cimiez neighborhood (right next to the Matisse Museum). Inside, the archaeology museum houses an interesting mix of historic and archeological exhibits on the area.
10. Nice Port
The Nice Port area is one frequently overlooked by tourists, but it shouldn’t be. Just around the corner from Old Nice and the Quai des Etats Unis, this is a great spot to watch the Corsica ferries lift off. There are also some of the city’s hippest nightclubs here.
When you renew your subscription for one more year or newly subscribe to French Property Insider at 50% off the regular subscription price (only $29 instead of $57.50 for 50 issues), you will be entitled to participate FREE OF CHARGE to a special Conference Call on Sunday, October 18th…
"Your Pied-à-Terre in Paris: Own It All or Just a Fraction"
Our very own Search Consultant, Mary Ellen Gallagher, will be on the call with me (Adrian Leeds), helping you decide what’s best for your Paris investment portfolio and what fits your needs and desires best…a pied-à-terre of your own or a fraction of one!
Subscribe or renew your subscription now!…for only $29 for 50 issues plus call in on October 18th to learn more about the differences between owning your own apartment or a fraction of one!
BNP Parisbas International Buyers Report:
Non-residents buyers still invest in the property market in France in spite of the crisis…
France is relatively shielded from competition from other countries, and has major and numerous advantages with regard to foreign buyers, in all respects. It is perceived as a country with a certain art of living, encompassing gastronomy, the pace of life, the quality of human relationships…And there is almost no inconvenience to spoil this image. The only minor reservations relate to heavy and complex administrative procedures.
Moreover, it would seem that foreign buyers are only moderately affected by the current crisis, as far as their assets and real-estate projects are concerned. A high percentage of them (and particularly of those involved in rental investments), are planning to undertake new transactions, both acquisition and sale, over the coming years. They define the French real estate market as "sound" and they thus represent a significant potential for the sector.
Relational aspects are essential for foreign customers, with quality of service prevailing over rates: availability and competence, fluency in the buyer’s language, ability to advise.
Lastly, strong visibility on the Net seems crucial, not only on French websites but also on foreign websites, since it is a very widely used channel in the search for properties (particularly by the British since 80% of the population has broadband Internet access at home).
Download the 46 page pdf document by clicking here: http://www.adrianleeds.com/frenchproperty/insider/members/content/ObservatoireBNP.pdf
Editor’s Note: For more information regarding financing in France, visit http://www.adrianleeds.com/frenchproperty/loan.
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
LE PALACE DES VOSGES
CHEZ LA TOUR
LE PETIT TRESOR
NOTRE MAISON DANS TOULOUGES
To see our latest Fractional offerings go to http://adrianleeds.com/frenchproperty/fractional/fractional_offerings.html
September 19-20, 2009
This cultural-year highlight brings an opportunity to spend a weekend in September visiting an endless variety of well-known (but usually off-bounds) and outright unusual historical monuments.
The European Council instated the EU-backed Heritage Days in 1991 on a French idea dating back to 1983 (when the Ministry of Culture held its first historical-monument open days). More than 40 French countries and regions hold Heritage Days now.
The Palais de l’Elysée (the French President’s residence), Sénat, Assemblée Nationale, museums and theatres are a few of the many historical hotspots that open their doors to the public one weekend a year.
The City of Paris plays a very active role in this event. It maps out about 20 heritage trails for anyone who wants to explore this city on foot or by bicycle. The “Architecture Trails” (which you can read up on online) self-explanatorily focus on the history of Paris’ buildings and architectural heritage around fountains and townhouses, quiet back streets and world-famous squares.
Paris museums (excluding the catacombs and crypt under Notre-Dame Cathedral Square organize free-of-charge lecturer-guided tours and artist workshops. People can also visit permanent and temporary exhibitions free of charge during these two days. Or the Hôtel de Ville (City Hall), Archives de Paris, Hôtel d’Albret or Hôtel de Lamoignon (Paris 4), where Paris has its historical library.
To find out more, visit the official Web site: http://www.journeesdupatrimoine.culture.fr.
There were few markets spared in the economic downturn, France included, however, focus has now switched to the property markets which are recovering the quickest, and which markets offer a safe investment option.
With news of France officially lifted from the recession, property agency, Agence 107 Promenade based in the ever popular Nice, in the south of France, talks about the recession and what there is to come for the French property market in this region.
Kirkor Ajderhanyan, a
local agent, comments:
p>"During the beginning of the economic recession, towards the end of 2008, when we started to notice the effects, we saw the real estate market stall, in every sector. The largest effect of this was the lack of confidence in the property market and the uncertainty of what the future holds for property in France and in most cases, people were concerned about the recession in their home countries, coupled with fluctuating currencies, which of course has a huge knock on effect in the purchase of second homes overseas.
It was not until January or February of this year that wealthy buyers started to re-enter the property market, seeking out and buying apartments of which the owners were pressured to sell. This trend has continued into summer and the number of buyers in the market has increased significantly which has been shown in the growing number of property sales…
The situation in Nice for current property owners has been that offers are flooding in on properties but not necessarily at the price they were expecting. For the buyer, the market has opened up with people able to afford more than they would have done 1 or 2 years ago and so it is also an exciting time. The saying ‘location, location, location’; still rings true, properties in sought after locations such as the Promenade des Anglais, the seafront in Nice, are still in demand and even less effected by the downturn so the very micro or localized markets are behaving quite differently from even the French Riviera as a whole…
To read the entire article go to http://www.homesoverseas.co.uk/news/.
Demand Is Driven by Global Investors as Deal Levels Double
LONDON — International commercial-property investors looking for prime assets are beginning to target France, which is emerging as the second-most popular market after the U.K.
The French investment market, which was static in the first quarter after almost two years of declines in activity, now seems to be moving again. Investment levels doubled in the second quarter, the biggest increase for that period in Europe, according to Aberdeen Property Investors.
There were three retail deals in the second quarter valued at more than €100 million ($143.4 million), including Hennes & Mauritz AB’s April purchase of 31 Rue du Faubourg Honore from Unibail-Rodamco SA for €103.3 million, according to Real Capital Analytics.
Increased activity continued into the third quarter. In August, Deka Immobilien Investment GmbH closed on its purchase of office property Le Triangle Part Dieu in Lyon from ING Real Estate for €40 million. Also, GLL Real Estate Partners bought 10 Boulevard Haussmann in Paris for €50.1 million from AXA REIM, and Commerz Real bought the Espace Dumont d’Urville office asset in Paris from Klepierre SA for €32.7 million, according to Real Capital Analytics. All three properties are 100% occupied.
"Nine out of 10 investors we meet cite France as a top-three target country, alongside U.K. and Germany," said Giles Wilcox, head of real-estate adviser Savills PLC’s European cross-border investment…
To read the entire article go to
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If you are a guest staying in any one of our luxurious Parler Paris Apartments, and would like to consider having your own "pied-à-terre" for your pleasure and profit, contact Adrian Lees for a FREE one-hour consultation while you’re enjoying the apartment in the City of Light. Visit http://www.adrianleeds.com/parlerparis/apartments for more information or email me at [email protected].
Parler Paris Apartments 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 heir best for your 100% guaranteed satisfaction.
SPOTLIGHT APARTMENT(S): Le Bonaparte and L’Eysée
Rue Bonaparte, 6th Arrondissement
Large Studio, Sleeps 2
A charming and beautifully decorated studio apartment overlooking on one of the chicest designer streets in Saint-Germain-des-Prés. On the third floor of a classic "pierre-de-taille" (detailed stone) building, the lovely "pied-à-terre" is equipped with double-paned windows for ultimate quiet, yet when you step out onto the street, everything you could need or desire is within steps.
Rue de la Boétie, 8th Arrondissement
5th Floor with Elevator, Sleeps up to 4
A large, contemporary studio apartment with lots of sun, sky and beautiful views. The open kitchen is completely equipped with everything you need to make your at-home meals easy and pleasant. Relax on the sofa in front of the large flat-screen TV to watch anything from CNN to French movies after a long day shopping along the Champs-Elysées.www.adrianleeds.com/parlerparis/apartments/rentals/elysee.html.
PARIS — A French court on Tuesday blocked plans by a Qatari prince to modernize a rare 17th-century Paris mansion, after a campaign by residents who fear the plans would destroy an architectural gem.
Locals obtained a court order to stop the work by Prince Abdullah Bin Abdullah Al-Thani, brother of Qatar’s emir, who bought the Hôtel Lambert on Ile Saint Louis, an island on the River Seine and a UNESCO heritage site, in 2007.
Work had been set to begin next month on turning the dilapidated mansion into a family residence, restoring historic rooms but also putting in elevators and an underground car park, under a culture ministry permit issued in June.
The fast-track ruling by the Paris administrative court suspends all structural work on the listed building until the court’s final decision on the 40-million-euro (60-million-dollar) project, expected in the next few months.
"This decision is a first in terms of heritage," said Michel Huet, lawyer for the Paris Historique association fighting on behalf of worried residents of the island, a pristine haven just opposite Notre Dame Cathedral.
Judge Brigitte Vidard put the works on hold because of "shortcomings" in the architect’s plans, saying it was unclear what their full impact would be.
Prince Abdullah’s counsel Eric Ginter said he was surprised by the ruling, and his client would decide shortly whether to review his plans, appeal now, or await the final ruling…
To read the entire article go to http://www.google.com/hostednews/afp/article/ALeqM5iaQ1Tnf2rsOxb9dKsczrnkHHOvFw.
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.
This week we focus on some interesting property opportunities found along the Côte d’Azur.
*** Cannes, Plage du Midi: One-bedroom, approx. 25m²
This apartment is well situated just a minute’s walk from the beaches of Plage du Midi and a couple of minutes to the Old Port of Cannes. This ground floor apartment consists of living room, dining room, separate kitchen, bathroom, toilet, and includes a cellar and garage. It has electric shutters, double glazing and air conditioning. Needs some work.
Asking Price: € 255 000 + 2.5% Finder’s Fee
*** Saint-Tropez: One-bedroom, approx. 30m²
A well designed single bedroom apartment with a double entry bathroom. The terrace, sitting room and bedroom benefit from sea views. Fully equipped state of the art kitchen, Italian stone floors, blue tinted double glazed windows, air conditioning and modern lighting features. VIEWS: sea village with belltower from the bed Grimaud’s castle High spec designer bathroom. LCD screens throughout with satellite link ups.
Asking Price: € 600 000 + 2.5% Finder’s Fee
*** Monaco: Three-bedroom, approx. 106m²
Lovely old townhouse in the old village offering large sea views. Lower floor (an interior staircase leads with some few steps up to this level): two bedrooms, shower-room – office; 2nd floor: living-room leading to main terrace, good sized equipped kitchen; 3rd floor: master-bedroom with shower-room and closets en suite leading to private terrace.
Asking Price: € 477 000 + 2.5% Finder’s Fee
*** Villefranche sur mer: One-bedroom, approx. 70m²
In the old town, steps from the beach, the shops and the restaurants.
Asking Price: € 356 000 + 2.5% Finder’s Fee
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at www.encheres-Paris.com.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
|The following properties will be auctioned off September 22, 2009:|
Editor’s Note: If you look at the properties on the Notaire’s site (www.encheres-paris.com), when you click on the information for a particular property there is also a link to Google Maps to show you exactly where the property is located.
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* Luxury Real Estate Trade Fair Loves Paris in the Autumn *
Not everyone can afford a private island or a fancy penthouse on New York’s Upper East Side. Still, for those who can, an invitation to the Luxury Real Estate Trade Fair will be just the thing to make the autumn seem brighter. And where better to promote high-end property than Paris, the world capital of chic? This elegant ambience will be further enhanced by the venue, Paris’s famous Musée du Louvre.
On the 27th, 28th and 29th of November 2009 Prestige-Paris will celebrate its third birthday with the assistance of France Convention, a specialist in niche and luxury trade fairs. This year’s gathering will be required both to meet the visitors’ very demanding expectations and outdo last year’s exceptionally successful event.
The recent recession has failed to affect the luxury sector as much as the rest of the economy, in fact the latest figures have revealed that the Parisian real estate market has improved. It seems that the most beautiful and luxurious homes never fail to find a buyer, a thought that will encourage participants in this most prestigious property exhibition.
When you make a purchase as important as a piece of real estate in a foreign country, you ant 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.
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: www.onlineconversion.com/
The second Tuesday of every month, Parler Paris and French Property Insider readers gather at La Pierre du Marais for a drink and a "schmooze" –It’s an opportunity to meet and chat with other like-minded people and a great way to make friends! Costs nothing except your drinks. Don’t miss the next gathering Tuesday, October 13th, 2009 from 3 to 5 p.m. and every second Tuesday of the month (except August).
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