A Bastille Day Mystery in Le Marais
Volume V, Issue 27
Hello from hot and sunny New Orleans! I arrived here shortly after the weekend in San Francisco where we held a very successful Living and Investing in France Real Estate Conference with more than 80 attendees. Be sure to scroll down and read all about it!
After spending three days in my home town, I am pleased to report that New Orleans appears to be coming back to life, with lots of residents rebuilding their homes, businesses reopening and a general feeling that life may eventually come back to normal, but clearly, it still has a long way to go. The value of property here is a minefield, while some areas of the city less affected by the flooding from Hurricane Katrina skyrocket in value (the French Quarter and the Faubourg Marigny, for example), while other areas will take decades to recover (Lakeview and the 9th Ward, among many others). My own family home remains empty, decrepit and untouched.
Nonetheless, the French roots remain as do my own and I never felt closer to the Fleur de Lys that is New Orleans’ everlasting symbol. It is absolutely everywhere you turn in New Orleans — I saw a young woman wearing a giant diamond encrusted Fleur de Lys on a pendant worn proudly while she downed fresh Café au Lait at the Morning Call…a true devotee!
While all of France and Francophile communities all over the world celebrate Bastille Day, I’ll be celebrating my mother’s 90th birthday and for the first time, missing the fireworks at the Eiffel Tower. “Tant pis” — it’s not every day someone lives to 90 and so we rejoice, the family all together at Antoine’s Restaurant, one of the city’s finest and oldest restaurants, and in parties all weekend long.
While the celebrations get underway, I bring you a little mystery taking place on my very own street in Paris, rue de Saintonge. An Elizabethan-style theater has been discovered hidden behind closed doors. Nouvel Observateur has tried to learn more…but the mystery remains. Scroll down to read all that is known — but not enough! For this reason, we highlight properties in the 3rd arrondissement in this issue of FPI — where we are sure property values will continue to escalate. As a resident and owner of now three apartments in this district, you might guess I am pleased!
Today, too, we discuss MONEY — an important topic if one wishes to purchase property! Currency specialists such as Moneycorp, have lots of answers that will help you bear the pain of the currency exchange as the dollar gets weaker and the euro gets stronger. Now’s the time to get into the market before prices and rates rise even further.
For those of you thinking about when would be a good time to make that move to search for a property in France, starting in September there will be many more properties on the market and the FPI team will be raring to go. The team is stronger than ever — three seasoned search consultants and a bevy of extra hands.
Meanwhile, don’t forget to tune into House Hunters on July 20 and 21 to see FPI clients Ben and Angela choose their new Marais apartment! And to all, we wish you a very happy Bastille Day Celebration this weekend in France or wherever you are.
Editor, French Property Insider
Email: [email protected]
P.S. Have a look at Parler Paris Apartments newest luxury flat!…Le Penthouse Voltaire…three deluxe bedrooms, two baths, spacious living room, dining room and office nook, all completely renovated and professionally decorated, with wrap-around balconies and stunning views of Paris! Available for rent NOW! Visit: https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments/rentals/voltaire.html or email [email protected]
Volume V, Issue 27, July 12, 2007
In this issue:
* Report on Living and Investing in France Real Estate Conference
* Mysterious Theater in the Third
* Money Management in France
* Spot or Forward Buys — Advice from Moneycorp
* Currency Exchange Terms
* Tourism and French Property Prices
* Celebrate Bastille Day for a Chance to Win!
* Expatica Welcome to France Fair
* FPI on House Hunters International – New Dates and Times!
* Next Living and Investing in France Conference, October 13, 2007, Paris, France
* FPI Pr
operty Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: September 11, 2007
* Hot Property Picks: The Third is a Charm
* Leasebacks: Residence Catalana, France, Mediterranean Coast, Coudalere
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments
An Alliance with the City by the Bay
By Adrian Leeds
Originally published in Parler Paris July 9, 2007
San Francisco is certainly one of America’s most beautiful cities. It played the perfect host to the dozens of people who came from cities across California and the United States to talk about living and investing in France. I loved being there, in spite of the cool winds and unsettling fog — summer much like the one we’ve experienced so far in Paris.
The Conference was held in the 75-seat theater at the Alliance Française of San Francisco, who co-sponsored it as one of their special events. We have Liza Reavis to thank for that — a member of the Board of Directors and past conference attendee — an idea she had a few months ago that came to magnificent fruition. In coordination with Chef/Owner François Alips and his daughter Corinne of La Cave Bistro Restaurant (in the lower level of the Alliance Française at 1345 Bush Street in San Francisco) the conference was able to accommodate more than 80 attendees and about 15 presenters and staff over a 1.5 day information power-packed event.
When the registrations grew to large numbers, the logistics were becoming acute, to hold the conference for 75 (and growing by the moment) and a seated dinner for 60 in the bistro which normally can’t seat more than 35. Corinne, a hard-working French-born “restaurateuse” brilliantly executed a shift of venue by folding back the stadium-like theater seats to a flattened wall and setting up a huge U-shaped table where the theater seats once were for a 4-course gourmet French dinner complete with special presentation over dessert by authors Cara Black and Leonard Pitt. One attendee wrote later, “Dinner was yummy and enjoyable including the speakers and chef [who came out to say few words from time to time].”
This was the first time we had held the conference in such an unusual configuration, and we learned quite a lot for the next time around to adjust for the plusses and minuses, but one thing is clear: we could never have provided such an event for the price it had been offered without the generously provided venue by the Alliance Française. To them we are all forever grateful.
Most of the presenters are regular and seasoned…with each conference the information they provide becomes even clearer and more useful. About John Howell one attendee (who has attended once before) wrote, “This guy is a walking encyclopedia. His presentation alone is always worth the money.” Marcell Filipe joined forces with John Howell when speaking about taxation on both the U.S. and French sides, an attendee remarked, “Howell and Felipe — more information and easier to understand.”
About Peter Zipper of Caye International Bank Offshore banking in Belize, one wrote, “Fabulous, clear, direct, the real world. What a personality. Huge credibility.” Stéphane Denner of Banque Patrimoine et Immobilier, provided “clear, direct details as to the [loan] process and requirements.”
A few newcomers added even more depth. It was the first time for Paris Home Shares’ Steve Navaro, who described just how his Fractional Ownership program works and details about the current project for sale called “Le Jardin Saint-Paul,” just at the foot of rue des Rosiers in Le Marais. For one attendee, it was an “interesting concept, new information,” and for another, it was “very informative — looks like a very viable entry into the market; will consider.”
For international currency brokers Moneycorp, young British Jody Cracknell stepped in for seasoned Doug Johnson. His nervousness at his first presentation before such a large audience was overshadowed by the warm reception and when he had completed his presentation, he received a hearty applause!
France Today and France-Amérique provided copies of the current issues of both for all and Editor Hélène Goupil spoke about how she keeps up on the pulse of France. They found her presentation “nice, simple and straightforward.” Keith Maillard, President of the Board of Directors of the Alliance Française, presented “earnest, heart-felt encouragement to take the leap and improve upon existing French language skills.”
In general, it was clear those attending were pleased. Further comments were, “Any of the long-time FPI subscribers know that this conference is the best value you have ever been able to offer.” “This was soooo good! Enjoyed all of it — so much information; speakers were great! Merci beaucoup — can’t wait to return (and live) in France!” “What we have learned: 1) plan, plan, plan, 2) expect to pay a lot, 3) glad we don’t have kids to worry about inheriting and 4) don’t be cheap…but we still love Paris!”
And about me, one wrote, “Our fearless leader always reminds us why we need to live our live in Paris and own!” I got a good chuckle from that, but a warm reward knowing that all the effort to make an event of this kind happen is really worth it.
Editor’s Note: The next Living and Investing in France Real Estate Conference will take place in Paris, October 13, 2007, in coordination with the Expatica Welcome to France Fair on October 14th. For more information, please contact Schuyler Hoffman at [email protected]
The Mystery Theater in the Marais
By Adrian Leeds
Photo: Nouvel Observateur, Paris, Ile-de-France
I had seen it advertised in an agency window, but couldn’t believe it or fathom it…a theater of a substantial size, semi-circular, in wood, with two levels of balconies, partially under a roof of glass hidden within a rather banal building, at number 6 rue de Saintonge. I have passed it often, on my own street, never knowing what was to be discovered beyond the big doors. Another entrance to the theater can be accessed from the courtyard at 117, rue Vieille-du-Temple, although it’s impossible for just anyone to enter on this private property.
The rumors abound, but most recently, Nouvel Observateur reported on it. To whom does it belong? What was it used for? There seems to be a strange pact of secrecy and the rumors circulate, of which even the origins are discussed. Perhaps a theater of Marie-Antoinette? The rumors talk of women spectators in provocative clothing evoking flirtatious behavior!
In 1972 the room was classified by the city as an historic building. For Robert Bonnaud, of the Association SOS Paris, the assumption is logical. In the Marais, the spirit of the theater has always lived, where “El Cid” was applauded for the first time at 90, rue Vieille-du-Temple and where Pierre Beaumarchais established and composed “The Marriage of Figaro” in theaters with less profound spectacles than those of the “Boulevard du Crime” a few streets away (at place de la République).
It was discovered almost in tact at the time of the first protective measures of the district. In 1965, it was just this one theater of Elizabethan style in Paris. Built under the “Directoire,” it was closed in 1807 by Napoleon. Several guides to Le Marais believe it to have been identified with the “Théatre des Muses” sometimes confused with the “Boudoir des Muses,” another theater on rue Vieille-du-Temple. One book affirms that it is the oldest theater space preserved in Paris and an association has been created especially to protect it and reintroduce it for theatrical activities.
Photo: Google Earth
In 1994, suddenly a new guide on Le Marais appeared by author Alexandre Gady invalidating old theses. It was thought to be very odd not to have had events there, with no staircase to the public. A skeptic, Gady plunged into the notarial files seeking the titles of property dating from 1608 and found no trace of the theater. At the beginning of the 18th-century, the house known as “Du Cerf Montant” housed a game of “Boules.” At the end of the century, one account details the occupation of the building as having 27 tenants, comprised of large apartments, some bedrooms and small boutiques…but nothing describes the “Théatre des Muses.” In 1831, after major work was done to the building, it may have taken form as a manufacturer of soldiers’ helmets. Later it was used as a warehouse for a wholesale sponge merchant.
In spite of all this, certain historians cling to their versions. Gady believes the legends have life. It is more exciting to think of a “Théatre des Muses” which evokes such imagery as flirtatious women of Marie-Antoinette’s time than to think of helmets and sponges.
One resident neighbor remains persuaded to hold on to the fantasies…to consider it once a theater of mimes, where one rested on the balustrades and balconies to witness the spectacles at the bottom. One merchant on rue Vieille-du-Temple, a descendant of a cabaret proprietor, is convinced that it was a place that sheltered the spectacles of rascals and perhaps, even a closed society.
By the 20th-century, the dance of the owners continued. Recently, it belonged to a rich French businessman living in Morocco, who never lived there, but renovated it and equipped it with security grills and surveillance cameras. From time to time it was used to house a collection of masterpieces, hidden in an immense vault in the basement. The place does not cease being passed from hand to hand, one neighbor tells. Important couturiers have visited it, but because it is classified, no one can do anything.
While owning it, each one revels in the mystery. Some photographs circulate, but no one wants to identify the true meaning of the place. Attached to the mystery is one famous Canadian, a photographer known for his itinerant monumental exposures throughout the world. His trademark is of sepia toned images fusing man and animal. There is no trace of the man, however, among the list of owners of the building, who appear to be several private individuals and one foreign corporation called “Six Elephants” domiciled in Alfortville. There is a link with an artist whose claim to fame is to have immortalized the water ballet. Of elephants? It was indeed one of the founders of the SCI (Société Civile Immobilier), which in 2006, under the control of the Flying Elephants, a foundation for environmental protection based in New York.
Rumors say it is for sale. That would explain my having seen it in the window of an agency, but according to Nouvel Observateur, an email contradicts that. However, several potential buyers have visited it and a real estate agent confirms that recently a sale was almost concluded. It remains to be seen what future intentions are as the agents are loathe to advertise it publicly on the Internet.
Then neighbors heard noises of construction work and as soon as one questioned the Syndic (manager of the homeowner’s association), who was not familiar with what was going on, the work suddenly stopped.
Decidely, this treasure of Le Marais will remain a hidden treasur
d we may never find out!
Editor’s Note: The bird’s eye view shows rue de Saintonge on the left and rue Vieille-du-Temple on the right. Look closely to see the glass ceiling of the theater in the courtyard. This is the only view we may ever get to see!
Managing Your Money Overseas
By Adrian Leeds
It’s tough enough to manage your money when you’re a tourist traveling to a foreign country with a different currency. Imagine what it’s like to manage your finances when dealing in two currencies on two continents? That’s what you may be dealing with should you choose to spend any length of time in France or own property here.
Rate of Exchange
The first thing you must understand is the rate of exchange. The majority of the Foreign Exchange Market (“Forex” — buying and selling of world currencies) is done by the largest commercial banks based in five major centers of trading — London, New York, Zurich, Frankfurt and Tokyo. These banks set the rates based on minute-by-minute trading. Reported rates differ bank-by-bank and minute-by-minute. Rates for buying a currency differ from rates selling a currency.
The bad news for those earning U.S. dollars is that at the time of this writing, the current dollar vs. euro rate of exchange is approximately $1 = Euro 0.73 or Euro 1 = $1.38. Exchange rates fluctuate for a variety of reasons, however, it’s clear that your U.S. greenback buys you less in France (and Europe)…for now. The good news is that should you make a property purchase in France, you will be hedging your bets by divesting your assets and investing in a strong currency.
Handling cash will be the easiest transition to make. You need only to become familiar with the euro notes and coins. To prepare for your trip over, you need only enough euros with you to get you from the airport to your final destination and a bit beyond, otherwise you risk paying high rates of exchange on more than is necessary.
You should be able to buy euros at any major bank in your city. Don’t bother with travelers’ checks unless you want the safety they provide if lost or stolen, because the French aren’t used to processing them and won’t likely accept them in most establishments. Also, avoid the airports and hotels exchange offices because of exorbitant transaction fees.
Credit and Debit Cards
Once in the city, the best way to get cash is via any one of the automatic teller machines (ATM) at almost all the bank branches and post offices using a credit card or debit card. Generally bank cards offer the most favorable exchange rates for changing small amounts of money, since credit card companies have access to better rates than individuals. Be careful when using the bank card if your home currency is falling — since the transactions are not converted instantly, there is a possibility that you will end up with a less favorable conversion rate a few days later.
Keep in mind that your withdrawal may be subject to a fee (about $1.50 – $2), so check with your bank before leaving home. The other point to note is that your bank may freeze your card if out-of-the-ordinary transactions (such as withdrawals in four different countries over the course of a week) appear, so keep a copy of your bank’s contact information on hand or notify them in advance of your trip. There are also limits to how much can be extracted in any given day, usually between $300 and $500.
If you want or need more than that, you can enter the bank and request a “cash advance” on the card. All banks in France will not know how to handle the transaction and others will have strict limits on what amount they will allow. Be prepared to show an ID, such as a passport and don’t be surprised if they flatly refuse you unless you are already a customer of the bank.
“Credit cards” differ from “debit cards” in that a credit card will charge interest on the amount advanced until it is paid, while a debit card extracts cash directly from your account. Also, credit cards have fees attached to foreign transactions which vary from 1% to 4%. If this information is not printed in your credit card agreement (often not!), phone the company and specifically ask what foreign transaction fees you can expect.
It is best advised to use your French credit/debit cards in France and your U.S. credit/debit cards in the U.S. to reduce transaction fees.
Online banking is very useful. Within 48 hours a foreign transaction will appear on your bank or credit card statement so you’ll know what rate of exchange you’re getting. From long distance you can often pay bills and transfer funds between accounts within the same bank. If you’re not banking with an institution that provides this service, consider making a move to one that does. The French banks now provide online service, but at a small monthly cost. U.S. banks provide it free of charge.
Editor’s note: Part II of Managing Your Money Overseas will appear in next week’s French Property Insider. To contact the lenders, Moneycorp or any other recommended resources made here, please contact French Property Insider at [email protected] or click on https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation for more services.
Buying French Property: Currency Exchange Update
By Mark Bodega, Moneycorp
Let me first explain what has been happening in the currency markets over the last few months before detailing how these events could effect your own personal decision about whether or not to buy forward. For those readers who are not aware of the differences between a spot and forward, I’ve taken the opportunity to explain what they are and currency options open to readers when buying property in France.
After a relatively quiet couple of months, GBP/EUR traded a choppy range in the month of June moving from a low of 1.4682 (08/06/07) to a high of 1.4903 (29/06/07).
Sterling began the month on the back foot as the Bank of England left interest rates on hold at 5.50%. Although the money markets are still pricing in at least two further rate increases before the end of the calendar year, questions are being asked about the necessity of such measures. After four quarter point rate hikes in the past ten months, consumer spending has begun to slow and there are early signs of a dampening impact on the UK housing market.
However, the Bank of England’s remit is to maintain price stability and with CPI still running well above the Bank’s 2.00% target rate, the committee is likely to remain vigilant against inflationary pressures. This was confirmed by the minutes of the meeting which highlighted a close 5 – 4 vote in favor of no change with Governor King and Deputy Governor Gieve both voting for a hike. Sterling gained against all the major currencies, including the Euro, on this news and the realization that the Bank may well raise rates in July.
While the ECB raised interest rates from 3.75% to 4.00% in June, the Euro was left a little softer with the market uncertain about European monetary policy going forward. In his accompanying statement, ECB chairman Trichet, refused to give any clues as to the likelihood of further tightening in the months ahead and consequently, this had a negative impact on the Euro.
But what does this mean for you?
Unfortunately, there are no crystal balls when it comes to forecasting the currency markets, however, the chart highlights that current levels represent an excellent opportunity to be securing your rate of exchange. The average (inter-bank) exchange rate since the beginning of 2005 is 1.4679 and with the market comfortably above here at the time of writing, it makes perfect sense to fix your costs via a forward contract.
Spot and Forwards Explained
For those readers who are not ‘au fait’ with the difference between spot and forwards let me explain. Essentially when buying a property overseas, your currency options are partly dependent of whether or not you have access to some or all of the funds at the time of purchase.
If you have access to all the funds, you have two choices: one risk free and one high risk.
The risk free solution would be to buy all of the currency now, thus fixing the cost at the outset (because you will not only know the price of the villa, but also the cost of the Euros to pay for it). This is called buying currency for spot. You can then deposit the bought currency to earn some interest and send payments to the developer as requested. The high risk strategy would be to buy the Euros each time that you are required to send them to the developer. This means that you have no idea what the property is going to cost, which could induce some sleepless nights ahead, especially if you are on a tight budget.
If you do not have access to all of the funds at the outset you can still play it safe. The solution is to buy one or more forward contracts.
In essence, a forward contract means that you can buy the currency now, and pay for it later (when you need to make the individual stage payments). You will be required to pay a 10% deposit now and the 90% balance upon the maturity of the contract. For example, if you wish to buy £50,000 worth of Euros, but do not need to send them for 3 months, you can agree on the exchange rate now, place a £5,000 deposit and pay the remaining £45,000 balance in 3 months. If the exchange rate moves at all in that 3 month period, you will not be affected, as you have bought currency at the originally agreed upon rate. You may actually fix a rate on all your currency requirements up to 24 months forward.
Whichever option you decide is best for your own individual circumstances, I’d like to remind readers of one thing. The currency markets can move in either direction — and quickly. Buying a property in France is a significant investment. You would never agree to buy a property in the UK without knowing the final cost. If you agree to buy an overseas property without fixing the exchange rate at the start, you are taking a gamble and no one, not even the most astute City commentators (including myself!) can predict future rates.
Editor’s Note: Mark Bodega is Marketing Director of Moneycorp. For more information or to register with Moneycorp, visit http://www.Moneycorp.com/agent/parlerparis/index.asp or contact Brian Westwater at [email protected]
French Property: Currency Exchange Advice
By Luke Percy
Save euros by researching currency exchange
When using a currency specialist there are not many terms but the ones you should be aware of are Spot, Forward, Forward Time Option, and t
he two market orders — Stop and Limit.
1. Spot Transaction
• This is the fastest type of currency exchange on offer.
• Currency bought for spot can vary in duration whereby delivery of funds can be same day up to a maximum of 5 working days later.
• This transaction method will obtain the purest exchange rates.
2. Forward Transaction
• Forward trades allow you to lock into an exchange rate today for payment to be made on a set date in the future.
• No matter what happens in the markets your exchange rate will not change thus providing peace of mind and eliminating risk.
• Forward trades require a 10% deposit, but in some cases 5% is acceptable.
3. Forward Time Option
• In principal this is the same as a forward trade but allows the flexibility of payment to take place between two fixed dates.
• As with a forward transaction, a 10% deposit is required, but in some cases 5% is acceptable.
4. Market Orders
• Placing an order in the market to buy a currency at a specific level.
• SGM-FX monitors the market for you and if the market reaches your desired rate, your order is automatically processed. This enables you to capitalize on favorable exchange rates when you are unable to personally monitor the market and initiate a transaction. SGM-FX representatives can assist you in determining a rate that is appropriate for existing market conditions.
• Market orders can monitor the market 24 hours a day. You can also cancel the market order if it has not already been executed should your currency needs change.
Stop Loss Orders
• Similar to a limit order, except it is the reverse. Place a stop loss order in the market to eliminate the risk of trading below your lowest budgetary exchange level.
Tourism a ‘Major Factor’ in French Property Market
Both capital growth and rental value of an overseas property are often determined by demand within the tourism sector, a trend particularly evident in the French real estate market, one expert has claimed…
To read the entire article visit: http://www.propertyshowrooms.com/france/property/news/article-1168.html
Win a Trip for Two to the French Caribbean!
Celebrate Bastille Day with France Today!
Subscribe or renew your subscription to France Today, for your chance to win one of our wonderful prizes!
Grand Prize – A Week for Two in Guadeloupe
Spend a week at Club Med — La Caravelle, a family paradise located on the finest white-sand beach in the French West Indies. The prize includes round-trip airfare from a major gateway, seven nights’ accommodations, all meals, beverages, sports and entertainment. Value: $6,000.
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For details visit: http://www.francetoday.com
I AM NOT A TOURIST
Expatica.com Welcome to France Fair
October 14th, 2007
Carrousel de Louvre, Paris
New to France or looking to make the most of expatriate life?
Get the information you need from companies and agencies specialized in expatriate services, from banks, investment firms and insurance companies to schools and tax agencies. You’ll find information on house hunting, finding a job, immigration and permits, staying long-term, and much more.
Meet the people who make expat life great, including the top clubs and associations, travel agents and sports teams.
Explore the expatriate life and your ambitions – higher education, career opportunities, your own business, travel and lifestyle possibilities. Every year, thousands of international managers and employees arrive in France. The I AM NOT A TOURIST Fair answers the 101 questions you have about living here, in a unique environment where you can meet the right people face to face.
Expatica is proud to announce that Sir Peter Westmacott, the newly arrived British Ambassador to France, will be on hand to give the opening ceremony at the Fair. We are thrilled to have Sir Westmacott participate in our event and thank the British Embassy for their continued support.
French Property Insider to be Aired on House Hunters International!!
New Dates and Times!
Settling Down in Paris
Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing
company. Now, the two are engaged
to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Real estate agent Adrian Leeds is enlisted to help.
Property Search Consultant, Adrian Leeds Group
Web site: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation
• July 20, 2007 10:30 PM ET/PT
• July 21, 2007 2:30 AM ET/PT
Editor’s Note: Be sure to read the entire story about Ben and Angela on FPI issues: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/pastissues/FPI_April_6_2006.html and https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/pastissues/FPI_June_22_2006.html
Living and Investing in France Real Estate Conference!
October 13, 2007 at Chez Jenny, Paris
If you’ve always dreamed of owning your own “pied-à-terre” in Paris or home in the Provinces of France, perhaps as a future retirement home or for now as investment property rented part of the year…this power-packed one-day conference is a MUST.
Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, this one day in Paris will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.
Soon to be announced on https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/ or for more information, email Schuyler Hoffman at [email protected]
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: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
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.
aris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is September 11, 2007, and every second Tuesday of the month.
Please note: There will be no meeting in August.
HOT PROPERTY PICKS: The Third is a Charm
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.
As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation
*** Paris, 3rd Arrondissement, 4 rooms, approx. 80m²
On rue du Temple next to République, this apartment is on the fourth floor of a charming building with elevator. Living room, dining room, separate kitchen, 2 bedrooms, bathroom, toilet. Bright and calm. A must-see!
Asking Price: 555,000 € + 2.5% Finder’s Fee
*** Paris, 3rd Arrondissement, 3 rooms, approx. 68m²
Near Arts et Métiers in an older character building from the 16th century, on the first floor. This apartment has been completely renovated. Lovely high ceilings, very charming. Living room, 2 bedrooms, bathroom. View it quickly — it won’t last long!
Asking Price: 600,000 € + 2.5% Finder’s Fee
*** Paris, 3rd Arrondissement, 3 rooms, approx. 79m²
Coup de coeur on rue de Saintonge. Magnificent duplex has living room with fireplace, real American style kitchen, 2 bedrooms, walk-in closet, cellar. In excellent condition.
Asking Price: 690,000 € + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
France, Mediterranean Coast, Coudalere
Studio 34m² to 38m² €103,000 to €116,000
One Bedroom 33m² to 38m² €116,000 to €151,000
Two Bedrooms 50m² to 51m² €185,000 to €207,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.00%
YOUR PARADISIAC INVESTMENT AWAITS
Spain at your doorstep, Barcelona a mere 216 kms away and the Pyrenées Mountains all within close distance. The fishing ports of the Catalan coast, the Roussillon plain, the Cathar castles of the Corbières region and the Pyreneen ski resorts are all within an hour’s drive. Residence Catalana is located in the south of France on the Cap Coudalere and is only minutes from Port Barcares, 20 minutes away from the picturesque town of Perpignan and close to a breathtaking 8 km stretch of fine sandy beach. Cap Coudalere is located in the Pyrenées Orientales in the greater Languedoc Roussillon region of southern France.
Nestled between the Mediterranean Sea and Lake Salses, the residence is composed of four, two-storied buildings built in Catalan style architecture with a large outdoor swimming pool. The apartments with colored facades are East-West facing with views of the lake. Each apartment is furnished with top of the range furnishings in radiant southern colors and has either a terrace, patio or private garden. Residence facilities will include communal parking and a private outdoor swimming pool. Nearby attractions include a 7000 hecta
re lake, a pedestrian village, bouti
ques, restaurants, bars, markets, shuttle link to Port Barcares, a casino, sailing school, fishing and diving, windsurfing, kite surfing and waterskiing on the lake.
Owners will benefit from an immediate VAT discount off the acquisition price and attractive personal use options. This residence will be fully managed and serviced. The pure investment option affords investors with a 4% guaranteed rental income paid net of running charges. Owners have the choice of up to 8 weeks personal holiday use with a reduced rental income. In addition, owners will receive a 15-20% discount off stays within Residence Catalana or any other residence serviced by the same management company! This is a new build project with an expected completion date in 3rd Quarter of 2008.
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Let us help you secure a mortgage in France at a competitive interest rate. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information or contact [email protected]
Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?
1. Go to https://adrianleeds.com/frenchproperty/insider
2. Click on “Manage Subscription.” You’ll find it under the “Subscribers Only” section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to “Manage Your Account” and click on “Change Password/Edit Profile”
5. Once you’ve made the changes, scroll down to the bottom of the page and click on “Save Profile.”
Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]
We wanted better guides.
So we wrote them.
Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…
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:
THINGS YOU NEED TO KNOW
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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
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/
PARLER PARIS APARTMENTS
Email: [email protected]/parlerparis
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the “seal of approval” from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
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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!): http://www.adrianleeds.com/parlerparis
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Adrian Leeds Group, LLC, http://www.adrianleeds.com