Buy a Euro Asset Without Spending a Dime
Volume V, Issue 44
The continual devaluation of the dollar is on everyone’s lips…at least every American’s lips, while the Europeans, British, Canadians and Australians are laughing all the way to the bank.
Smart investors know that the time to invest is when it’s on the way up, not on the way down, so the time in invest in Euros is now, before it’s too late. Every minute you wait, the price of property increases while the dollar decreases, making it even less affordable. One year from now, you’ll be kicking yourself for not having ‘bitten the bullet’ and plunged into the Euro asset market.
Good news has come by way of Banque Patrimoine et Immobilier (BPI), who has invented a loan product that allows you to purchase a property in France for virtually nothing! If you can use someone else’s money to own an asset in Euro value, wouldn’t you jump at the chance? Here’s the chance…so don’t pass this one up. Scroll down to read more about it: “Beating the Decline of the American Dollar.”
Today’s Q and A deals with questions about rental revenue expectations and news about the 3rd district’s historic “Carreau du Temple” helps us focus on this exploding little corner of Paris, where property is sure to escalate. See today’s Hot Properties for some great opportunities in Le Marais.
The France Notaires Web site recently redesigned and redeveloped now brings us comprehensive statistics for property sales throughout France, with the exception of the Ile-de-France. Be sure visit the site and learn more about property in the other 21 regions, resale, new build and land.
In addition, we bring you a variety of other articles of interest and a few reminders:
1. Sunday evening at 8 p.m. Paris time (2 p.m. EST), we’ll be talking with Steve Navaro of Paris Home Shares about “The Fractional Ownership Solution” during a FREE Conference Call free for all French Property Insider Subscribers! Sign up to participate by emailing: [email protected]
2. Join us next Tuesday afternoon November 13th from 3 p.m. to 5 p.m. at Parler Paris Après Midi to meet and get to know other readers. See https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html for more information.
3. For Thanksgiving, we’ll be taking a break from FPI, so there will be no issue that day.
Editor, French Property Insider
Email: [email protected]
P.S. Let me take this opportunity to remind you that the next scheduled Living and Investing in France Real Estate Conference is February 16-17, 2008 at the new Alliance Française in Miami, Florida. We’ll be sending information and posting a site very soon. Meanwhile, for more information, email Schuyler Hoffman at [email protected]
Volume V, Issue 44, November 8, 2007
In this issue:
* Adrian Addresses Your Property Purchase Questions
* Buying with Euros While Saving Your Dollars
* Carreau du Temple Restoration Kick-off
* South of France Still a Favorite with Foreign Investors
* Inheritance Tax Relief
* Fly for Less to French Destinations
* Overseas Property Purchase the Ultimate Fantasy
* Parisian Dreads English Life
* Eurostar Shortens Distance Between England and France
* Your Own Piece of France for a Fraction of the Cost
* Free Fractional Ownership Conference Call, November 11, 2007
* NEW! Living and Investing in France Conference, February 16-17, 2008, Miami
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: November 13, 2007
* Hot Property Picks: In the Carreau du Temple District
* On the Auction Block: November 13 and 20, 2007 at 2 p.m.
* Leasebacks: Clos des Hortensias, France, Brittany / Normandy, Perros Guirec
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire
NEW WEEKLY COLUMN:
“Ask Adrian’s Advice”
Regularly we receive interesting questions from readers whose answers would be of use and information to all the readers. You, the readers, now have an opportunity to ask Adrian anything related to investing in Paris and France real estate, lifestyle and living in France issues.
We cannot answer all requests, but will choose those questions which have pertinence to the most readers. Your question will remain anonymous. Please direct your questions of 100 words or less to: [email protected]
We’re just about to complete the finishing touches on a one-bedroom rental apartment in central Paris. What are the best/worst rental periods and how many weeks a year can we expect to rent it?
Paris is virtually without very high or low seasons for rentals, however you can expect certain times of year to be more difficult than others to rent. Mid July to mid September, mid November to mid December and January to mid March are the lowest times of the year. The week between Christmas and New Year’s is the highest season, however, all of the Spring and early Summer and mid Autumn are best.
If the apartment is available for rental all 52 weeks, than the first year you advertise the apartment, you should be able to yield an occupancy rate of 50%, depending on how well you market the property. Later years should improve up to a rate of about 80%. Anything higher than that is exceptional.
Beating the Decline of the American Dollar
an Excerpt from Parler Paris
November 7, 2007
by Adrian Leeds
Over a scrumptious lunch at Café Guitry, we learned how to beat what seems like the decline of the American Empire…the weakening dollar.
The elegantly decorated restaurant in red velours, adorned in photos of French celebrities, is situated in the lower level of the Théâtre Edouard VII, named in honor of Sacha Guitry, the French film actor, director, screenwriter and playwright. John Rule, our staff Mortgage and Rental Manager, and I were the guests of Mary Fort and Stéphane Denner, the two people who were responsible for my personal good fortune to not only own a family apartment in Paris, but a rental studio apartment called “Le Provençal” and a “Viager” (life annuity) apartment with a terrace overlooking rue de Saintonge that closed on the title deed just a few weeks ago.
In the time I’ve know them both, Mary moved up the ladder as the Director of the International Department of Banque Patrimoine et Immobilier (BPI) as well as did Stéphane, Expatriate and Non-Resident Service Manager, a short time after our first encounter in 2000. The lender was known as “Woolwich” then, one of the very few British banks offering loans to non-residents. It was a relief at the time that they were willing to take the risk to lend me money to buy the apartment, while their competitor, “Abbey National,” refused me. They’ve taken a special place in my heart ever since.
Over the years, many other lenders have discovered the non-resident market and competition has gotten fierce. It drives the resourceful ones to becoming ever more creative in their approach to the ever burgeoning and changing foreign buyers market. We’re working with five other lenders (much to their chagrin), but the competition is healthy.
This year is a bigger challenge than ever as Paris property has steadily increased in value and the euro has gained so much strength against the dollar. Those who have dreamed of owning a “pied-à-terre” in Paris have seen their dreams wan as the stretch to make it a reality lengthens like an old piece of chewing gum.
Lots of new loan products have been added to the line-up since coming in contact with that first application for a mortgage in France, which was a standard variable rate with a static monthly payment and a term that lengthens and shortens with the disparity. Now there are every sort of configuration of fixed rate, variable rate, interest only and combinations of the above to choose from. Yes, they’ve come a long way, baby.
But, what Mary and Stéphane had to reveal, beat them all. It’s the answer to the big question: “How to invest in a real asset in the strengthening euro without losing dollars due to the rate of exchange?”
Normally 20% is required as a down payment and normally, this is the amount of money that must suffer the transfer from dollars to euros. The rest is provided by the lender (80% loan to value), with the exception of the Notaire fees (closing costs), about 7% to 7.5%. So, in a normal situation, about 30% of the purchase price of the property must be transferred in to euros. If you use a currency broker, such as Moneycorp, you can save quite a lot on the transfer, but still, you’re at the mercy of the rate of exchange. (See https://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html for information on Moneycorp.)
In this new scenario, 20% is held in an interest bearing bank account — not an account in euros, but an account in dollars! That means that there is no exchange to be made and nothing is lost. As they say in French, “en plus,” a loan of 100% (!) is offered…utilizing any of the various kinds
n products BPI makes available.
Sounds unbelievable? Maybe, but it gets even better. As long as 20% of the outstanding capital is held in the interest bearing account, the mortgage can be repaid without penalty using the funds from that very same interest bearing account! So, your principal keeps reducing while your money just keeps growing.
Of course, your monthly mortgage payments will be in euros, but if what you own is a rental apartment designed to self-finance the property through its euro-value rental revenues, then there is not a “centime” to lose, but everything to gain. If you work with Moneycorp to set up their “Regular Payments Abroad” program, then you save when you transfer money to make the payments, too.
This is exciting news for all those who think their dream has vanished into thin air due to circumstances beyond their control. Now there is a way to beat the fall of the American dollar and have your dream to live and invest in France, too.
Editor’s Note: Stéphane Denner will be joining us at the Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami Florida. Stay tuned for details on how to register coming soon. And meanwhile, for more information about the new mortgage program, contact Stéphane Denner and/or John Rule by clicking here [email protected] or visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan and be sure to tell them Adrian sent you.
Toasting to the Carreau du Temple
By Adrian Leeds
Since 2001, the city hall of the 3rd district has been fixated on the revitalization of the Carreau du Temple, a place they view as emblematic of the historic district. After opening the project to the entire residential body for ideas and input culminated by a vote of the residents (not only the citizens, but the legal residents — an unique experience of democratic participation!), the outcome of the project was determined as “Un Espace Pour Tous,” or a multi-purpose facility that would satisfy many different needs of the community.
Jean-François Milou was chosen as the architect after many proposals were reviewed and the plans were drawn to redistribute the space while respecting the original architectural heritage of this imposing 6100 square-meter metal and glass structure.
On November 14th at 6:30 p.m., Mayor Pierre Aidenbaum will inaugurate the project by inviting the entire district to join him in viewing an exhibition of the future plans and toasting the project together with champagne cocktails.
It is my prediction that all property in the immediate vicinity of the Carreau du Temple will see a surge in appreciation and intrinsic value as the vicinity regentrifies around this new and exciting facility.
To learn more and visit the project in 3D, visit
Provence-Alpes-Côte d’Azur Still on the Rise
A Report on France Real Estate Statistics
The Chambre de Notaires de France provides the most up-to-date statistics for property sales for all of France except for the Ile-de-France for all types of property: homes, apartments, land.
(Ile-de-France statistics are reported at the Paris Notaires Web site: http://www.paris.notaires.fr/prix/info_prix.php)
In the case of resale homes, appreciation peaked in 2004/2005, but the increase in property values is still holding about the 10% mark on the average for all of France, exclusive of the Ile-de France. The most expensive region is Provence-Alpes-Côte d’Azur with appreciation holding as strongly as in the previous 3 years at a little higher than 14%. The least expensive region is Limousin where appreciation has slowed from a high of 15.9% in 2004/2005 to 9.2% 2006/2007.
Visit http://www.immoprix.com/ to learn more of the latest property price transactions recorded between July 1, 2006 and June 30, 2007 for resale houses and apartments, new build houses and apartments and undeveloped land.
New IHT Rules – What it Means for Expats
French succession laws can limit how much French property owners can leave to their families after they pass away, according to a report published in the Telegraph today.
The recent inheritance tax (IHT) reforms introduced this summer dictate that any property in France will be taxed under its rules, even in cases where the owner lives and dies abroad.
n France will find that their worldwide estate is also subject to French IHT. If you own a holiday home in France, the IHT system will only consider this property.
Parents can now leave three times as much to their children, without paying IHT. The threshold has been increased so that on death each parent can now leave €150,000 (£100,000) tax-free, rather than €50,000 (£33,000) per child.
If you live in France permanently, you may also be able to claim tax relief on your mortgage.
Unless buyers are cautious when setting up the ownership of their property in France, they may not be able to transfer all their assets to their surviving spouse, since the law dictates that a percentage of the property should be divided equally between all their children, with the percentage based on how many children they have.
The key to navigating your way through this complex system is to seek out sound legal and financial advice before structuring the ownership of your property. This will ensure that all your loved ones are provided for and prevent later problems.
Editor’s Note: For more information, we recommend attending the Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami, Florida (https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference), or for more immediate assistance, consultation with our colleague and his associates, John Howell of The International Law Partnership:
The International Law Partnership LLP
John Howell, Peter Esders, Michael Johnson & Graham Platt
Regulated by The Law Society of England & Wales
John Howell and Co.
Email: [email protected]
Phone: +44 (0) 20 7061 6700
Fax: +44 (0) 20 7430 1053
Flybe Routes Perfect for Your French Property Search
Low-fares airline has routes all over France — ideal for finding a dream home
Looking for a dose of inspiration for your property search this autumn? Then getaway with Flybe to one of their many amazing French destinations this November. With fares starting from just £32.99 now is the perfect time to book.
If it’s a quiet place by the sea you’re looking for, head to the seaside town of Brest in Brittany. As well as reasonable property prices, the area also boasts some of the best seafood in the world. The true star of this town is its dramatic coastline, and no view is better than from the top of Menez-Hom, where you can admire the wild western edge of mainland France.
Alternatively, visit Bergerac, the heart of France’s gastronomic Dordogne region – always popular with Brits looking for a second home or a permanent move to France. Vineyards spread up from the river’s edge, with country market towns specializing in foie gras, walnut oils and elegant Bergerac wines.
Rennes, Chambéry and Avignon are among the other beautiful destinations within arms reach serviced by Flybe, all with great low fares.
For more information, visit http://www.flybe.com
Tales of Overseas Real Estate Ownership
By Kathleen Pender
If owning a home is the American dream, owning a home overseas is the ultimate fantasy.
While most of us are content to flip through a real estate brochure when we’re visiting some exotic locale, more people are acting on the impulse to buy an apartment in Paris, a villa in Spain or a beachfront condo in Costa Rica.
“In-house we say these people are going on a romantic adventure,” says Margaret Hussey, supervising producer with “House Hunters International,” a show on HGTV that trails people buying homes outside the United States…
To read the entire article, visit http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/11/04/BUAESUM8B.DTL
Why Can’t the English be More Like the French?
By Hortense de Monplaisir
With the high-speed link to London about to open at last, Hortense de Monplaisir warns her fellow Parisians of the horreurs Anglais that await them.
It seems like only yesterday that Pierre-Marie, my husband, delivered the bombshell. Hortense, he said, I have some good news. I have been offered a promotion which I am not about to refuse. He smiled at me nervously. There is a petite complication, he said. The job is in London.
Three months later, I found myself mistress of a chérissime doll’s house off Fulham Road, barely large enough to contain my wardrobe. When the removal van had left, my husband said: “Let us go for dinner.”
There is a famous crêperie on the King’s Road. (We love crêpes, as we have kept in touch with simple pleasures.) As lumpen doughy pancakes were brought to the table with a pitiful garnish of anaemic lettuce and flavourless tomatoes, I wept. I gazed out at the rain and said: “I cannot do this.” My husband held my hand and looked quite wretched…
To read the entire article, visit http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/books/book_extracts/article2799528.ece
Eurostar Commuters Fuelling French Property Market
The improved Eurostar service, launching later this month, has already fuelled increased interest in buying properties in France, reports Moneycorp. In its latest global property hotspots the currency specialists reveal interest in France has increased and attributes this to the growing numbers of international commuters. The promise of fast links back to the UK is enabling workers to consider properties in France as a permanent base rather than just a holiday destination.
According to the number of enquiries received by Moneycorp, interest in France increased by 17% between August and September. Interest in Portugal and Cyprus also increased whilst Spain maintained its position as the second most popular overseas property destination after France – accounting for 25% of enquiries in September.
The improved Eurostar service will make euro-commuting 20 minutes faster to and from Paris and Lille and the prospect of living in France, but working in the UK, a reality.
Mark Bodega, Director at Moneycorp who helps over 30,000 people buy property abroad each year explains: “France has always been a popular holiday home destination for Brits who enjoy the more relaxed French way of life. However, it is now increasingly feasible for buyers to have the best of both worlds, living permanently in what was a holiday home and commuting back to the UK when necessary.”
Peter Wheelton from VEF Pas de Calais, French property experts adds: “We’ve noticed a particular rise in the number of people who perhaps spend two or three days a week working in the UK and the rest of the time living in their permanent homes in France. Property prices in France are around 30% lower than those in the UK and those in the Pas de Calais region are typically a third less than in the rest of France. Also Calais and its surrounding area is almost equidistant from London, Paris and Brussels, which makes it an attractive destination for the international commuter.
According to the think tank Future Forum, there will be more than 1.5 million people working in the UK while living in another country within a decade. Also 20% of people moving to France permanently are planning to commute back to Britain for work.”
An Easier Commute
Compared to traveling in the UK, it is easy to see why cross-border commuting is increasing. A train from London to Manchester can cost over two hundred pounds and takes three hours. In comparison, les Frontaliers, as international commuters are known as in France, can travel from London to Paris in two hours and fifteen minutes for less than £90 return.
Anyone living or working overseas needs to consider the best way to regularly transfer money such as salaries, mortgage payments or rental income and protect themselves against currency fluctuation. Moneycorp offers a regular payment plan to protect people against currency fluctuations, by fixing exchange rates for between six and twenty four months. This ensures the same amount is debited or paid in each month and because everything is fully automated via a direct debit, customers have no need to speak to their bank each month.
Editor’s Note: You can reduce your risk of overseas currency exchange with Moneycorp Currency Specialist. For more information visit:
The “Fractional Ownership” Solution…
An Update by Adrian Leeds
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 well underway! If you viewed the photos of the apartment prior to any work done on it, you may recall the arch leading from the living room to the bedrooms, stuccoed over and painted a bright mustard yellow.
The construction crew recreated a 17th-century classic keystone arch of beautiful stone using a “trompe l’oeil” technique! Be sure to see the video of and by Liam Gallegos in his excitement over the newly created arch! Just click here: http://www.youtube.com/watch?v=Y_Y-GuHswLc
To visit the site describing the property, visit
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/jardinstpaul.html and to take a video tour of this gorgeous property, visit http://www.parishomeshares.net/jspvideos.html
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008
If you would like to receive more information on this apartment, VISIT https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/chezlatour.html
FREE FPI CONFERENCE CALL!!
THE FRACTIONAL OWNERSHIP SOLUTION
As an FPI subscriber, we offer you special access to our time and knowledge with our own conference calls. The next scheduled conference call is Sunday, November 11th at 8 p.m. Paris time, 2 p.m. Eastern time. Mark your calendars now, but don’t worry, we’ll give you plenty of advance notice.
We will be discussing Fractional Ownership live with Steve Navaro, President of Paris Home Shares. All FPI subscribers are invited to participate.
Conference Date: Sunday, November 11th, 2007
Conference Time: 2 p.m. EST, 8 p.m. Paris time
Please RSVP to this special event and we will send you the call details. Sign up now by emailing: [email protected]
NEW! Living and Investing in France Real Estate Conference!
February 16-17, 2008
Alliance Française, Miami, Florida
Photo by Erica Simone
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 two-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, these two days in Miami will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.
For more information and to register, visit: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/
Or 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: 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.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is November 13, 2007, and every second Tuesday of the month.
HOT PROPERTY PICKS: In the Carreau du Temple District
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, 3 rooms, approx. 59m²
A unique apartment on two levels with a view of Paris rooftops. Living room, open kitchen, bedroom, bathroom, toilet, large mezzanine.
Asking Price: 358,800 € + 2.5% Finder’s Fee
*** Paris, 3rd Arrondissement, 3 rooms, approx. 78m²
In the heart of Paris, on the top floor of a beautiful Haussmannian building. Charming, 3 room apartment in excellent condition. Lots of light, quiet, beautiful view. Hurry — it won’t last long!
Asking Price: 499,000 € + 2.5% Finder’s Fee
*** Paris, 3rd Arrondissement, Loft, 2 rooms, approx. 59m²
Renovated loft in an 18th-century building, opens onto a tree filled courtyard. Entrance, large living room, bedroom, fully equipped kitchen, bathroom, separate toilet, cave, walk-in closet and other great features. Quiet, charming, in excellent condition.
Asking Price: 535,500 € + 2.5% Finder’s Fee
Next Sessions: November 13 and 20, 2007 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:
November 13, 2007 at 2 p.m.
|6 rooms 181,13 m² + 2 maid’s rooms, rented 9,36 m² and 9,62 m²
15 avenue Mozart
75016 PARIS 16th
Sale with reserved price
|4 rooms 71,10 m² + 2 maid’s rooms 13,4 m² + extra room 11 m²
5 rue des Moines
75017 PARIS 17th
Opening bid: 435,000€
|STUDIO 27,2 m² + balcony
51 rue Montcalm
75018 PARIS 18th
ing bid: 108,000€
|2/3 rooms 49,2 m²
14 rue des Périchaux
75015 PARIS 15th
Opening bid: 200,000€
|3 rooms 67,6 m²
36/38 rue des Plantes
75014 PARIS 14th
Opening bid: 285,000€
November 20, 2007 at 2 p.m.
|2 rooms 42,27 m²
170 rue Blomet
75015 PARIS 15th
Opening bid: 165,000€
|2 rooms 19,90 m²
9/11 rue Saint-Séverin
75005 PARIS 5th
Opening bid: 120,000€
|STUDIO 33,71 m²
140 rue de Tocqueville
75017 PARIS 17th
Sale with reserved price
LEASEBACK NEWS FROM IMOINVEST
CLOS DES HORTENSIAS
France, Brittany / Normandy, Perros Guirec
One Bedroom 33m² to 48m² €148,000 to €213,000
Two Bedrooms 45m² to 57m² €188,000 to €231,000
Three Bedrooms 55m² to 56m² €231,000 to €236,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.60%
Discover one of the most welcoming settings in Brittany: The Pink Granite Coast between Brest and Rennes, one of the finest stretches of coastal scenery in the whole world running along the north coast of Brittany from Lannion in the west to Paimpol in the east. A walk along the coastal customs-men path (Sentier des Douaniers) passes numerous large pink rocks sculpted into amazing shapes by wind and rain. The area around Ploumanach includes the mediaeval town of Lannion, the up-market resort of Perros-Guirec, the pretty town of Treguier (with the tomb of St.Yves) and the numerous splendid Brehat Islands near Paimpol (so like Britain’s Scilly Isles).
Residence Clos des Hortensias is located close to the coastline, in the heart of the Pink Granite Coast in the charming town of Perros-Guirec. The development features a range of authentically designed and fully furnished Brittany dwellings. Residence facilities include an indoor swimming pool, steam room, sauna, massage room and conference room.
Investors will receive an immediate VAT tax discount and a guaranteed rental income for a minimum of 9 years. The residence will be fully managed and serviced by one of France’s most secure and stable management companies. Investors may choose to benefit from up to 8 weeks holiday use within their property while earning a reduced guaranteed rental income. In addition, investors may opt to purchase under the Quasi Hotel investment scheme that affords all the same guarantees as Leaseback as well as up to 6 months of holiday use per year while still earning a modest rental income to cover management charges.
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…and the newest guide, Practical Paris!
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code “ED762.” This promotion code gives you 10% off your total
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special “coupon” Web link just for you:
THINGS YOU NEED TO KNOW
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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/
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.
Le Penthouse Voltaire
American comfort with French flair! Overlooking Boulevards Richard Lenoir and Voltaire, in the 11th Arrondissement. This three-bedroom, two-bath luxury penthouse with wrap-around balconies and spectacular views, sleeps 6.
Reserve now! Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments/rentals/voltaire.html
or email: [email protected]
SUBSCRIBE TO PARLER PARIS
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com