Paris is Personality Plus
Photo by Erica Simone
(FOR SUBSCRIBERS ONLY)
March 13, 2008
Bonjour French Property Insider Subscriber,
Today we focus on the Capital of France, Paris. There simply isn’t another city in the world like Paris. No city is more visited. No city is more romantic. No city is more cultured.
Paris will always be Paris and thanks to a progressive administration, Paris is even more than anyone would imagine. It is largely for these reasons that property in Paris is a non-risk proposition. Learn some very fascinating facts about the "City of Light" and then, how to use your heart and not your head to decide what part of Paris makes you feel best.
The Mayor race is in full speed, an important contribution to what makes each district of Paris so unique. Learn more about the campaign and the people who decide the fate of the city.
In today’s issue, we report on an annual "Copropriété" meeting and what you might expect as a member of the association. It’s your chance to have a voice in your Paris property.
Note that lender UCB offers a new deal with a longer term worth a second look…and don’t miss the special offering to save more than 50% when you take advantage of French Property Consultation before the end of March!
In today’s Hot Properties, we bring you apartments in Paris located in the least populated districts…just for the fun of it.
Editor, French Property Insider
Email: [email protected]
P.S. To read about Tuesday’s Parler Paris Après Midi, click here: http://www.adrianleeds.com/parlerparis/apresmidi.html.
Volume V, Issue 11, March 13, 2008
In this issue:
* Conversing with the Copropriété
* French Property Consultation Special Offer
* Paris Mayoral Elections
* Which Arrondissement is Yours?
* The Melting Pot of Paris
* Paris by Numbers
* Flexible Loans from UCB
* Fractional Ownership Solution – Chez La Tour is Half Sold Out!
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: April 8, 2008
* Hot Property Picks: Properties in Least Populated Places
* On the Auction Block: March 18, 2008
* Leasebacks: San Martinu Residence, France, Mediterranean Coast, Sainte Lucie de Porto Vecchio
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — L’Aubergine
Reporting on the Annual "Copropriété" Meeting
By Adrian Leeds
Every year I half-heartedly look forward to the annual "Copropriété" (homeowner’s association) meeting which takes place sometime during the first quarter of the year. The meetings are both pain and pleasure. It can be painful sitting through the tedious procedures, discussions and arguments, votes and abstentions, lasting at least two hours and often much more. What’s pleasure, however, is to have a vote on what will affect you, meet your neighbors in an out-of-context way, and for me, observe their very "Frenchness."
This year’s was held this past Tuesday evening. I have only missed one in the last eight years and each is more enlightening then the next, especially now that my level of French enables a better understanding and provides the confidence to speak up, ask questions or voice opinions.
We gathered at La Pierre du Marais, setting up the tables to form one large round table from which we could see everyone. A sign-in sheet was passed around. Those who had sent a proxy for their vote were duly noted. Someone was chosen from the group to "preside" over the meeting, outside of our volunteer "Syndic" (association manager), who ran the order of the agenda. We all had a copy of the agenda and copies of budgets on which we would vote.
The first order of business was to review the 2007 expenditures. These include the normal maintenance, water, and other items of expense, showing that the association had collected a small amount more than ha
d been paid out and
therefore was sound.
Normally, if no work on the building is foreseen, then the next year’s budget would be easy on which to decide and vote. That was not the case this year as the city was requiring a certain amount of work to be done to the side of the building which touches an adjacent building.
In addition, in a smaller committee which had met late last year (I being among them), a decision was made to vote on a renovation of three of the four stairwells and all the "courettes" (small, shaft-like courtyards). The Syndic, an elderly gentleman who does this at no payment in his free time, had organized estimates from three neighborhood contractors and provided a comparison for all of us to review and question. The "devis" (estimates) were passed around and the questions ensued.
The condition of the stairwell has been an issue since arriving in the building more than ten years ago. Its unsightly condition reduced a recent appraisal of my apartment by thousands of euros and for such a beautiful 17th-century building, the stairwell deserves to be more highly respected! I was very pleased to see that no one argued with having the work done and so, come this summer, my next copropriété fees will include an assessment for the work based on my correct share and the work will begin. By fall, we will be proud of our ancient Marais "hôtel particulier" (an urban "private house" of a grand sort).
My neighbor, who owns several apartments in our stairwell and who has patiently tolerated my recent renovation, volunteered me to be in charge of our stairwell since "Madame Leeds is so fond of construction work!" There was no way I could politely refuse without looking like a heel, so I sheepishly agreed to take the job.
Before it was all over, we opened the floor to "divers" (miscellaneous items not on the agenda). With that, there was discussion about the couple living above me which incessantly and violently fights and the mice some of us have and some don’t and what to do about both. Nothing was really resolved about either.
More than two hours later, we dispersed and went our merry ways. Mine was to pick up sushi for a late dinner and collapse till next year.
How to Define a "Copropriété"
"Copropriété" = The legal statute of a building divided into common parts, pertaining to the unit, and in privative parts (apartments, buildings, garages) pertaining to several people. The payment of joint ownership fixes the rules of the joint life.
"Charges de copropriété" = Loads of joint ownership, representing the whole of the expenditure relating to maintenance, repairs of the common parts, and more generally to the operation of the building. The joint owners must take part in the payment of these loads according to the attribution of percentages. The loads are known as recoverable for the part falling to the tenant.
"Assemblée Générale" = General meeting, in each condominium, the members (called joint owners) must meet at least once time a year in a general assembly. During that meeting, are evoked and put to vote, the questions on the agenda (e.g. renewal of the manager mandate, improvement or maintenance works, annual budget…).
Take Advantage of U.S. Dollar Rates by Booking by March 31, 2008!
The dollar-euro rate of exchange has forced those of us living on the Euro to review and change our policy to charge for services, until now in U.S. dollars. Effective March 1, 2008, all property consultation fees will be charged in euro value and may be paid for by credit card in U.S. dollars based on the rate of exchange at http://www.Moneycorp.com on the date of transaction.
But, we want to give you, as FPI readers, an opportunity to take advantage of the U.S. dollar rates. If you book any of our services between now and March 31, 2008, with services rendered no later than June 30, 2008, we will honor our previous fee schedule in U.S. dollar value!!! With the rate of exchange today at $1.56 = 1€, that could save you more than 50% of the cost!
Click here to download our most recent brochure of services and updated consultation fees effective March 1, 2008: http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf
And to book your consultation, search, purchase or sales assistance or other property consultation service NOW, BEFORE IT’S TOO LATE, visit http://www.adrianleeds.com/frenchproperty/consultation/booking.html or email [email protected]
Mayor Bloomberg and Mayor Delanoë
The Paris Municipal Elections:
March 9 First Round, March 16 Second Round
Municipal and mayoral elections are held this month throughout France. The cu
Mayor of Paris Bertrand Delanoë (PS) faces UMP candidate Françoise de Panafieu who was chosen as candidate in a primary election in 2006. MoDem MEP and Francois Bayrou supporter, Marielle de Sarnez will be the centrist candidate.
The control of the 20 arrondissements of the French capital are also up for election. Of these 20, the PS-Greens-MRC control 12 (10 PS, 1 Green, 1 MRC), the UMP control 8. 163 councillors from these 20 arrondissements will also be renewed.
The left is favored in 7 of the 12 arrondissements they control, while the right is favored in 7 of the 8 arrondissements they hold. 6 are battlegrounds between left and right.
According to a TNS-Sofres poll in the 5th Arrondissement, former Mayor Jean Tiberi could be defeated by the PS candidate. Other polls indicate that Rachida Dati is safe in her arrondissement.
For the results in each district, visit http://elections.leparisien.fr/elections-municipales-2008/resultats-municipales-cantonales-2008/
How to Choose Where to Own Property in Paris…What District Suits You Best?
By Adrian Leeds
In the next couple of articles, you’ll find some fascinating facts about the city of Paris. One thing you won’t find among these facts however, is how to choose a district that suits your needs or personality best. There are 20 "arrondissements" in Paris, that spiral outward starting with "1" like the snail shell of an "escargot." The lower the number, the more central the district.
Sure, if the property you own is revenue generating, such as a short-term rental apartment, then you may choose the district with your head rather than your heart. There is absolutely nothing wrong with that — in fact, it’s a very wise decision to position the property where it can earn the best return on your investment.
The districts that provide the best rental returns are those the most requested (in this order): 4th (Ile Saint-Louis), 6th (Saint-Germain-des-Prés), 4th (Marais), 3rd (Marais), 5th (Latin Quarter), 7th (Eiffel Tower views and rue Cler).
But, if you also want to really feel at home there, you may take a different approach.
It’s important to know that every district in Paris is run like its own municipality with its own mayor and city hall. This in itself, can change the personality of each district to extremes, much is the same way cities differ in political leaning and infrastructure. It’s one of the reasons I’ve so enjoyed the 3rd district which is led by a popular Mayor named Pierre Aidenbaum, with Socialist/Green Party affiliations, of Jewish descent, who has been mayor of the district since 1995 and won by 65% of the vote. He’s done all that he has promised, and because he is so oriented to public programs, the 3rd district was the first to offer free WiFi, has more "Vélib" stations and created more cultural activities than any other, doubled the number of public housing offered in the 3rd and built a new library, among other accomplishments.
The point is that it helps to get to know more about the district’s administration before you become a resident there. This link on the city Web site will take you to a world of information about each district: http://www.paris.fr/portail/accueil/Portal.lut?page_id=6729
There is also nothing that replaces simply spending time in an area of the city you are considering. Before making a firm decision about where you will buy, take time to get to know more about the vicinity and its amenities and inhabitants. Take a hotel or apartment there or spend your days wandering the streets and taking note of what you like and dislike about it. Notice the architecture. Speak to the merchants.
I find that every district has its own personality and that there is a part of Paris for everyone. Finding it is half the fun.
Paris: A Cosmopolitan City
Paris is home to a varied population. A high proportion of students, young workers and elderly people, many tourists and a large number of foreign residents: a genuine cultural wealth.
More than two million people live in Paris. The last full census (1999) showed that the capital had 2,125,246 inhabitants for a surface area of 10,540 hectares, i.e. more than 20,000 inhabitants per square kilometer. It is the densest area in France. According to recent studies, the number of Parisians increased by 19,000 inhabitants between 1999 and 2004 after a steady drop since 1950. This upward trend is continuing.
Today, Parisians account for 19.3% of the population of the Paris region (Ile-de-France), i.e. one in five and 3.6% of the French population, i.e. one person in twenty-eight. The city reached its highest recorded population level in 1921 with almost three million residents. Since then, the number of citizens has gradually decreased.
However, tourists swell the ranks each year. Paris welcomed some 27 million visitors in 2006.
The less populated central arrondissements
The population density varies between the various arrondissements (districts). The most sparsely populated arrondissements are the 12th (8,370 inhabitants per km², due to the Bois de Vincennes wood) and the 1st (9,22
inhabitants per km²). Conversely, the most densely populated arrondissement is the 11th (more than 40,000 inhabitants per km²). Paris is the French département with the lowest average number of inhabitants per household. The average size of Parisian households is less than two people (1.75): most families have only one child (50% of households). The capital is home to many single people.
The number of inhabitants also varies between the various arrondissements. The three most populated arrondissements are, in order, the 15th, 18th and 20th. The least populated arrondissements are the small districts in the city center: the 1st, 2nd and 4th arrondissements.
A melting-pot of a city
Paris is home to whom today? People originally from Paris are rare. Most residents were not born in the city. Upon reaching retirement age, many leave Paris to retire in the provinces and particularly in the South of France. Paris is a rather young city with lower death rates than the rest of France.
A large number of women are in employment in Paris: the employment rate for mothers with two children has reached 82%, a figure which greatly exceeds the national average.
Around 310,000 foreigners live in Paris, accounting for 14% of the total population. This is significant even though the number of foreigners residing in Paris has been on the decrease since 1982. Over the same period, the number of people who have obtained French nationality has increased. Out of the foreign residents in Paris, 70% are not from EU member states. Foreign nationals come from a wide range of countries. Studies, work, family — many reasons lead foreigners to Paris. The number of different nationalities in Paris is higher than in the suburbs. The North Africans, Turks and EU citizens who make up the 78% of foreigners living in France only account for 56% of Parisians with foreign nationalities.
Key Figures for Paris
The longest street, the highest point, the number of bridges across the Seine, gardens, trees, fountains, taxis…
Original, informative, dizzying, surprising, impressive: all the key figures for Paris!
Paris is first of all…
2,142,800 inhabitants in 2004. It is also 10,539 hectares: a very small part of France which spans over 54,396,500 hectares (543,965 km²), excluding overseas départements and territories
54.74 km in circumference (including the two woods)
48°50’ north latitude, 2°20’ longitude
The River Seine over 13 km
Surface area of the Seine as it crosses Paris: 63 hectares.
Depth: 3.40 meters at the Nationale bridge and 5.70 meters at the Mirabeau bridge.
River speed: approximately 2 km/h.
Temperature: 5.3° to 24.6°, average: 14.1°.
Broadest point in Paris: approximately 200 m (near the Grenelle bridge).
Narrowest point: approximately 30 m (Quai de Montebello, on the small branch of the Seine).
7.6 km of canals cross Paris.
68 bridges and footbridges managed by the canal department
37 bridges on the Seine including 31 road bridges, 4 footbridges, 2 railway bridges and 32 illuminated bridges.
The Capital with the Most Woodland in Europe
478,000 trees, 120 main tree species, 8,000 trees alongside the outer ring road: Paris is the European capital with the most woodland!
2 woods: Vincennes in the east, Boulogne in the west.
Surface area of the Bois de Boulogne: 852 hectares.
Surface area of the Bois de Vincennes: 995 hectares
400 parks and gardens
1 Outer Ring Road
35 km: the length of the ring road.
156 slip roads on the ring road, 6 interchanges.
99 surveillance cameras
A Budget of €6.7 billion
The overall budget for Paris (2007): €6.7 billion.
47,000 City Hall employees, 49.4% of whom are women.
60,000 shops: Paris has the highest concentration of local shops in France
Bicycles, Trams, Taxis…
7.9 km of tramlines along the inner ring road
1,451 Vélib’ stations (bicycles on a self-service basis) and 20,000 bicycles available at the end of 2007
300 m: average distance between each Vélib’ station
370 km of cycle paths in Paris
30,000 parking spaces for two-wheeled vehicles
1.365 billion journeys per year in the Paris underground (in 2005)
800,000 parking spaces in inner Paris
15,200 taxis in circulation
Schools and Recreation Entrees
263,812 schoolchildren attended state schools in 2006:
– 135,570 in nursery and primary schools
– 128,242 in secondary schools (up to the French Baccalaureat)
138,527 schoolchildren attended private schools in 2006 (including 91,818 in approved private schools)
782,927 children attended recreation centers on Wednesdays (in 2005)
18 million meals per year in school canteens
25,748: the number of places in collective childcare facilities (crèches, day nurseries, etc.) for children under three in March 2006
380 Sports Facilities
139 gymnasiums and specialized sports centers
37 stadiums and 37 swimming pools
46 tennis centers
12 parks for skateboarding and roller skating
Infrastructure and Facilities
6,100 streets in Paris
3,000 km: the total length of pavement
13 km of expressways on the right bank and 3.4 km on the left bank
33.7 km of inner ring road
4.4 km of Grands Boulevards (between the Place de la Madeleine and the Place de la Bastille)
9,884 benches, 107 clocks and 1,856 bus shelters
109 Wallace public drinking fountains
2,417 km sewers
30,000 litter bins
And Record-breaking Paris!
The longest street: Rue de Vaugirard (6th and 15th arrondissements): 4.36 km.
The shortest street: Rue Degrés (2nd arrondissement): 5.75 m.
The narrowest street: Rue du Chat-qui-Pêche (5th arrondissement): 1.80 m.
The broadest street: Avenue Foch (16th arrondissement): 120 m.
The steepest: Rue Gasnier-Guy (20th arrondissement): 17.4%.
Lowest point on a public street: 30.5 m (corner of the Rue Leblanc and Rue Saint-Charles, 15th arrondissement).
Highest point: 148.45 m (40, Rue du Télégraphe, 20th arrondissement).
Paris: City of Culture
374 cinema screens
730 film shoots per year and 3,432 days of film shoots
30 million cinema-goers each year in Paris
134 museums, 143 theatres
242 floodlit sites (hotels, churches, statues, fountains, national buildings)
55 municipal libraries
Paris: Tourism Capital
1st tourist destination in the world
27 million tourists per year
60% of hotel customers are foreign, of which 1/3 are American or British
825 congresses organized in 2005 in Paris
Flexible Loans from UCB
UCB A BNP Paribas Company
UCB International is always adapting its products and services in response to our client’s financing needs.
Therefore, we are announcing that our repayment loans are now offered for terms up to 30 years!
This new term is applicable on all our acquisition and re-finance variable interest rate repayment loans.
* Fixed Rate and Interest Only Loans Terms remains unchanged up to 20 years.
* Equity Release Repayment Loan Term is now offered up to 25 years.
You can choose to switch to a fixed rate when the remaining term of your loan is 25 years.
Please find here enclosed UCB International Buyers new rates applicable on March 1, 2008 along with some updated product key points.
Do not hesitate to contact your mortgage advisor for further information on our new products and services.
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of 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 and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/[email protected]/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
Apparently, rue Ferdinand Duval, home to Le Jardin Saint-Paul is THE TRENDY street in Paris. The attached article, highlighting rue Ferdinand Duval, was featured in the February 11, 2008 issue of ELLE magazine. We always knew that Jardin Saint-Paul was situated in a great little location. Now, apparently the secret is out…
To read the article in French, visit http://www.adrianleeds.com/frenchp
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
Half Sold! 99,500€ / ONLY 6 SHARES LEFT!
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OWNERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
Property Consultation, Search and Relocation Solutions
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
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 Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
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.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is April 8, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Properties in Least Populated Places
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These pro
perties are featured in ord
er 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 http://www.adrianleeds.com/frenchproperty/consultation
*** Paris, 4th Arrondissement, 2 rooms, approx. 45m²
Saint Paul, rue Saint Antoine, on the third floor of a beautiful 18th century building with open view. Living room with 2 windows, separate fully equipped kitchen, bedroom, bathroom and separate toilet.
Asking Price: 420,000€ + 2.5% Finder’s Fee
*** Paris, 2nd Arrondissement, Loft, 3 rooms, approx. 62m²
Montorgueuil, in the heart of a very popular pedestrian street. Renovated apartment on the second floor of a small character building. Large living room with fireplace, exposed beams, open kitchen with dining room, fully equipped, separate toilet, two bedrooms, walk-in closet, bathroom. Lots of space and lots of charm!
Asking Price: 545,000€ + 2.5% Finder’s Fee
*** Paris, 1st Arrondissement, Atelier, approx. 110m²
Superb artist’s workshop with an open view. Large living room with wood floors, moldings, fireplace and 4 large windows, full southern exposure, one bedroom on the mezzanine, American style kitchen on the Fontaine des Innocents. Very rare — see it soon!
Asking Price: 900,000€ + 2.5% Finder’s Fee
Next Sessions: March 18, 2008 at 2 p.m.
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 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:
|STUDIO 26,73 m²
36 rue Marx Dormoy and 30 rue du Département
75018 PARIS 18th
Opening Bid: 62,000€
|2 rooms, 50,90 m²
38 rue Sambre et Meuse
75010 PARIS 10th
Opening Bid: 165,000€
|3 rooms, 73,8 m²
38 rue Campo Formio
75013 PARIS 13th
Opening Bid: 300,000€
|3 rooms, 75 m² duplex and terrace
48 avenue Despréaux
75016 PARIS 16th
Opening Bid: 500,000€
LEASEBACK NEWS FROM IMOINVEST
ht="202" align="left">SAN MARTINU RESIDEN
France, Mediterranean Coast, Sainte Lucie de Porto Vecchio
ht="202" align="left">SAN MARTINU RESIDEN
Two Bedrooms 47m² to 53m² €154,000 to €168,000
Three Bedrooms 58m² to 59m² €185,000 to €188,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.00%
BEAUTIFUL ARCHITECTURE CLEAR BLUE WATER
Corsica is a dream location for nature and sea lovers with Porto Vecchio being the #1 destination on this island of beauty. Corsica is easily accessible from almost anywhere in Europe. The Bastia-Poretta Airport has direct flights from most major European cities. Ferry-boats travel from Marseille, sailing to Bastia, Ajaccio, Calvi and Propriano. There is so much to discover on this island from its beautiful architecture and strong local culture to its mountains and forest where you can go for long walks, bathe in their natural springs and even ski!
Porto Vecchio city is 15 km from the residence, Bonifacio 65 km, Bastia 128 km and Ajaccio only 134 km. Corsica is visited by over 2 million tourists each year, for it’s traditions and cultural heritage. The Residence is only a few kilometres from the Gulf of Pinarello with its wonderful fine sand beaches and magnificent natural environment. The residence offers high quality facilities including: an outdoor swimming pool, sunbathing area, laundry facilities and lots of green spaces for relaxation. Purchasers will find comfortable accommodations, perfectly decorated with terrace and a private car park.
In this dream location of the Mediterranean Sea, the Residence will include 30 villas from 3 to 4 bedrooms with individual terrace. Prices range from 154 252 euros net to 188,026 euros net and the lease contract will run over 11 years renewable with two different guaranteed rental return formulas: 4% paid net with no use and 3.5% paid net with 2 weeks occupation within the San Martinu Residence.
- Magnificent Location in Southern Corsica
– Warm climate, restful environment
– VAT tax paid up front by the developer
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.
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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/
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.
One-Bedroom, Sleeps up to 4
L’Aubergine sits tucked away on an historic and quiet Marais "cul de sac," making it an oasis of peace and calm. This second floor apartment (two flights) has two large bright windows that face a classic Parisian courtyard. With digicode, intercom entry system and elevator, it has been completely renovated and professionally decorated to the height of luxury, with a soothing "aubergine" (eggplant) and taupe color scheme. Everything in the apartment is new, from the designer linens and towels, to the appliances and electronics.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/aubergine.html
or email: [email protected]
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com