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Loft Living It Up

Volume IV, Issue 21

My daughter has been living in a loft in Brooklyn — Williamsburg, to be exact, home to many ethnic groups and a thriving art community. The area traditionally called Williamsburg is today occupied by the Yiddish-speaking Hassidim, Puerto Ricans, Dominicans and Italians, but now hosts increasing numbers of “hipsters” — artists and those who wish to associate with artists. So-called East Williamsburg is home to many industrial spaces. The “hipster” center of Williamsburg radiates from the strip of Bedford Avenue near the Bedford Avenue Station on the L train, the first stop from Manhattan, where I am sitting as I write this, from a café called Fabiane’s.

Paris lofts and “ateliers” (artists’ studios) are found all over the city, but primarily in the 11th (Bastille), 12th (Viaduc des Arts), 18th (Montmartre) and now the 20th (Ménilmontant) districts. If you are interested in art, every year at the end of summer, a group of artists working in the Ménilmontant neighborhood organizes three days of “portes ouvertes” (open doors) with visitors welcomed in the ateliers, to see the works, the studios and lofts, and chat with the artists.
The advantages to loft living is of course, open spaces, lots of light and a contemporary atmosphere in what could be a very old building. Today we bring you a glimpse at loft living through a listing of available properties.
The issue is also packed with information…about the basics of buying property in France: how to get yourself prepared, what you can expect in taxes and fees and how to obtain a mortgage at a higher age. Also, don’t miss the British point of view on the “boring” French and a history of Les Halles!

A bientôt…

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

P.S. Next week I’ll be reporting on the Living and Investing in France Round Table that takes place this coming Saturday in New Orleans. It’s not too late to register for the Round Table or for dinner at Tujague’s. Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/liveinfrance for more information and how to book your place.
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Volume IV, Issue 21, May 25, 2006

In this issue:
* Overseas Property an Option for First Time Buyers
* French Not the Most Friendly, Survey Says
* Property Purchase Fees and Taxes
* Smooth Buying: Getting Your Documents in Order
* Discovering Les Halles
* Special Guests Added! Living and Investing in France Round Table, New Orleans, May 27, 2006
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: June 13, 2006
* Hot Property Picks: Loft Living
* Leasebacks: Marines de Kerliezec, France, Brittany / Normandy, Carantec
* On the Auction Block: June 6 and 13, 2006
* Classified Advertising: Parler Paris Apartments

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First Time Buyers…If All Else Fails Here’s Some Tips on Escaping Overseas
From http://firstrung.co.uk/

Buying a property overseas is more popular than ever, with increasing numbers of people following their dream of owning a holiday home, or a property abroad, as part of their short-term or long-term investment plans.
However, although international property investment sounds like an exciting prospect for many people, it can also be risky if not approached carefully. Experts at the Property Investor and Homebuyer Show North (June 2 to 4, G-mex Centre, Manchester) reveal some top tips to help steer investors in the right direction.
Know your objectives
Ensure you know why you are buying and what you are hoping to achieve with the purchase. Is it an investment vehicle or are you looking for somewhere to visit or live? If it’s for investment, is it for short term capital gain to provide a one-off profit over a particular time? Or is it to provide long term regular income?
Sort out your finances
Work out how much you can afford to buy and arrange your finances, such as your mortgage, before you travel abro
ad to search for your property. Th
is will ensure that you are ready to act immediately if you find the right property. Also ensure that all finances are arranged before signing any contracts and paying over a deposit.

Do not be hasty and stay focused
Stay focused on what you originally had in mind. Stick by your objectives. It can be all too easy to be tempted in the sunshine to buy something that is not what you really want. See your chosen area at different times of the year to ensure that you like it whatever the weather. You should also try and give yourself a cooling off period to ensure you are making the right choice.
Check the transport links and local facilities
Make sure there is a choice of airline routes and access points to your chosen area. People who rent property will want somewhere that is easy to get to and will often gravitate to those places with a nearby airport served by low cost airlines. People will also want to be near basic facilities such as restaurants and shops. Proximity to areas of natural outstanding beauty, tourist attractions or renowned eateries will add to the property’s rental attraction.
Talk to fellow investors
Speak to people who have purchased in the area that you are interested in. If you are opting for a buy to let investment, you can learn a lot about rental success in your area and get a realistic idea of the likely income that will be generated.
Allow for the extras
The cost of buying a property abroad (taxes, conveyancing, lawyers fees, agents fees, VAT etc.) is much higher than in the UK, so you will have to ensure you have budgeted accordingly. Also ensure that you are aware of the costs charged by the legal and government authorities for purchasing a property in your chosen country.
Check the taxation and inheritance laws
Ensure you understand the tax implications for when you decide to sell. You should also check the inheritance laws of the country where you are buying. In France, for example, your children automatically inherit your house, it does not pass to your spouse. You many need to compile a separate will.
Weigh up risk versus returns
If buying for investment, it is important to understand how comfortable you are with risk and investment accordingly. Some properties in, for example, Eastern Europe offer high potential returns but potential losses too. You need to be well informed and comfortable with the risk factor.
Do your homework
Ensure you research the area well before visiting the country. Time spent researching the area while at home is much cheaper and more efficient than time spent overseas. Make a check list of questions that can be answered when you arrive at your destination.
Speak to the experts
Always ensure that you seek specialist independent advice from English-speaking solicitors, architects and surveyors before considering a purchase overseas. They should be proficient in your chosen country’s laws and processes and also know the specifics involved in buying a property there.
Nick Clark, Managing Director of The Property Investor and Homebuyer Show North comments: “Purchasing a home abroad can be both an excellent investment or provide a great holiday home, however purchasing a property overseas can be overwhelming to a novice investor. The Property Investor and Homebuyer Show North with over 120 exhibitors and specialist seminars providing expert advice, will have all the information that potential buyers will need to choose and purchase a home overseas.”
Trisha Mason, Founder and Managing Director of VEF French Property, comments: “Property investment overseas can be hard work but the rewards are there for those who do the research and are willing to put in the effort to succeed. However, our overarching advice for overseas property investors can be applied to many things in life; use your head, do your research, seek professional advice and don’t act on impulse.”
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French Voted Rudest, Most Boring People
http://www.gulf-daily-news.com/
The French were voted the world’s most unfriendly nation by a landslide in a British poll published yesterday. They were also voted the most boring and most ungenerous.
A decisive 46 per cent of the 6,000 people surveyed by travelers’ web site Where Are You Now (WAYN) said the French were the most unfriendly nation on the planet, British newspapers reported.
The Germans have no to reason to celebrate the damning verdict. They came second on all three counts.
WAYN’s French founder, Jerome Touze, told the papers he had been stunned by the thumping condemnation of his compatriots and sought to blame it on Gallic love-struck sulking. “I had no idea that the French would emerge as such an unfriendly country,” he said.
“I think our romantic ‘moodiness’ is misunderstood and I will be sure to pass on the message to my family and friends back in France to be a bit more cheerful to tourists in the future.”
Italy was voted the world’s most cultured nation with the best cuisine, while the US was named the most unstylish with the worst food.
The British did not feature in the top 10 of any of the categories. “The British fit in nowhere – good or bad. It appears that we are so completely average that the voters did not include us in any category,” the tabloid Daily Express commented.
“And to
ou
r shame, 4 per cent of respondents – all British of course – said they would only talk to other Britons when they are abroad.”

While most said Spain was the foreign country where they would most like to live, they said the Spaniards were nearly as unfriendly and ungenerous as the French.

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Comparing Closing Costs and Property Taxes
By Adrian Leeds

When you purchase a property in France, you are required to pay what is labeled “Notaire Fees” — a percentage of the purchase price of the property as a one-time tax assessment. Notaire Fees can be from 7% of a $1,000,000 property up to 13% of a $100,000 property.
On most properties purchases we have worked with, fees were roughly 8% of the purchase price, about 5.5% of which are tax and about 2.5% of which are fees paid to the Notaire to do the title search, secure and process the sale, thereby eliminating the need for title insurance.
Closing costs in the U.S. are considerably lower. They could include loan fees (points, application fee, credit report), prepaid interest, inspection fees, appraisal, mortgage insurance, hazard insurance, title insurance, and documentary stamps on the note fees. These items are negotiable, but expect to pay about 4% of the purchase price.
Closing costs are a one-time assessment in both cases. Property taxes, however, are annually assessed. In the U.S., annual property taxes are quite high. They can vary from as low as 0.5% (Mobile, Alabama) to 3.8% (Concord, New Hampshire).
In France, property taxes are quite low. There are two forms of tax: 1. Taxe d’Habitation paid by all inhabitants, regardless of renting or owning. Therefore, this tax should be excluded from the comparison. 2. Taxe Foncière paid by the owner.
Taxe Foncière is determined by the “valeur locative cadastrale” (local tax registry value). It represents the estimated annual rent if the property was let on the open market. However, the valeur locative is often substantially lower than the market rental value. To estimate it, base it on an estimated rental value (which increases about 1% a year), which is adjusted for allowances (for new and reconstructed properties), then multiplied by the current tax rates of the region, department, and neighborhood, plus 2.5% of that as a collection fee. This makes it very difficult for an individual to estimate the tax. However, interestingly, taxes are lower where population is denser (in the cities where more property contributes to the tax base).
We find the taxe foncière to be somewhat equal to the tax d’habitation. To give you a concrete example, my own annual taxes on my 70 square-meter apartment in central Paris are:
Tax d’Habitation: 300 Euros, 0.0005% of the current value of the apartment (600,000 euros)
Tax Foncière: 300 Euros, 0.0005% of the current value of the apartment(600,000 euros)

At these rates, in would take 10 years to equal the tax I’d pay if the property were in the U.S. at the LOWEST tax rate of 0.5% and 76 years at the highest rate of 3.8%!
So, what do you think is the better deal?
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Being Prepared to Buy
By Adrian Leeds

Before you arrive in France, please insure that you collect the necessary documentation. This will be required for your mortgage application and/or to open a bank account in France. We advise our clients to contact recommended lenders in advance to discuss getting “Lender Pre-Approval.” This means you will be able to make a clean, unconditional offer should you need to act rapidly. An unconditional offer is much more attractive to a seller and increases your negotiating power.
If you intend to apply for a mortgage, you should be aware that it is mandatory to have a bank account in France, but it’s not necessary to have in place prior to your application. You will also be asked to complete a medical questionnaire which may require a medical examination as Life Insurance is a legal requirement to cover the full amount of your mortgage. This will be explained in full by your lender.
DOCUMENTATION REGARDING EACH BORROWER:
Basic / Support documentation:
* a photocopy of each borrower’s passport or identification card
* a copy of any rental deed and proof of rental income (if you have other rental property).
* photocopies of the last 3 consecutive monthly bank statements confirming receipt of income.
* photocopies of repayment schedule regarding mortgage on any properties you currently own
* proof of source of your down payment (i.e. bank account, asset portfolio, investment account etc.)
* photocopy of birth or marriage certificate (this to prove female applicants maiden name)

Salaried:
* a photocopy of the last 3 consecutive monthly pay slips.
* a photocopy of the last 2 tax returns or 2 most recent W2 and 1040 forms.
* confirmation of income(s), type and date of employment signed by employer(s).

Non salaried:
* a photocopy of the pension and/or retirement payment details,
* a photocopy of the last 2 self assessments or 2 most recent tax returns.

Self employed or company owner:
* 3 years audited balance sheets and trading accounts.
* a letter from a chartered accountant confirming
the above figures
and personal income.
* a photocopy of the last 2 self assessments or 2 most recent tax returns.

Documents for Opening a Bank Account:
* a photocopy of each account signatories passport or identification card
* If the account is to be opened by correspondence you will need to provide 2 forms of photo ID (i.e. drivers license)
* a utility bill showing your current name and home address
* If by correspondence, you will be required to provide a recent bank/credit card statement as well
* Bank Reference Letter from your bank (wording to the effect of, “Mr/Mrs X have been valued account holders of this bank for x years”)

Editor’s Notes: For this list in an easy-to-print format, see: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/issues/images/25-5-06loandocuments.pdf
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The History of the Forum des Halles
http://us.franceguide.com/

The Forum des Halles is a 4-level shopping, culture and leisure center located in the heart of Paris, bordering the Marais neighborhood. Next to the Church of Saint-Eustache and within walking distance of the Centre Pompidou, it is a wonderful shopping respite from the city with all the conveniences of a modern shopping mall. While today it houses such well-known boutiques and shops as Sephora, Bershka, Habitat, H&M, Blue Wave and FNAC — not to mention two movie theaters, a swimming pool, venues for cultural activities, a gymnasium, a billiard room and a fitness center — this spot was not always as it is today. The history of Les Halles can almost be seen as the history of Paris itself.
In 1137, Louis VI “Le Gros” created an open air market in the vicinity of Les Halles. In 1183, Philippe-Auguste had the first permanent structures built there, followed by some more in subsequent years. Up until the 16th century, Les Halles underwent few changes. Then Saint-Eustache church was built. Under François I, the site of Les Halles was considerably modified and it was then entirely rebuilt from 1532 to 1640. From the beginning of the 18th century, congestion of the district became problematic. Napoleon declared: “I want to turn Les Halles into the Louvre of the people.” In 1811 the decision was made to build a large market hall. Numerous projects came one after the other. Forty years later, in 1851, the first stone of Baltard’s Les Halles was laid. In 1853, the first pavilion was inaugurated by Napoleon III. In the end, ten pavilions were built, each devoted to a particular type of merchandise. For a whole century, from the mid-19th to the mid-20th century, life seemed to have stood still at Les Halles. It was a nocturnal hive of activity in the heart of Paris, a market that supplied the capital city. Baltard’s Les Halles marked the city’s history, so much so that the descriptions to be found in Le Ventre de Paris (The Belly of Paris) by Emile Zola in 1873 apply to a century of life at Les Halles:
“The deep gloom brooding in the hollows of the roofs multiplied, as it were, the forest of pillars, and infinitely increased the number of delicate ribs, railed galleries, and transparent shutters.(…) And over the phantom city and far away into the depths of the shade, a teeming, flowering vegetation of luxuriant metal-work, with spindle-shaped stems and twining knotted branches, covered the vast expanse as with the foliage of some ancient forest….” (Translated by Ernest Alfred Vizetelly.)
In 1969, Les Halles market, unchanged for a century, and unsuitable for modern needs, moved to Rungis. The pavilions were destroyed two years later. From the “hole” of Les Halles emerged the Forum, inaugurated on September 4, 1979. From among the numerous projects considered, it was a shopping, cultural and leisure center which came into being, open to natural light and with its roots in the city. And with it came the beginning of a new age for Les Halles.
Forum des Halles is managed by The Forum des Halles shopping center is managed by Espace Expansion. Other Espace Expansion shopping centers in France include:

* BAB2 in Anglet
* Carré Sénart in Sénart
* Carrousel du Louvre in Paris
* Cité Europe in Coquelles
* CMK in Bordeaux
* Euralille in Lille
* La Toison d’Or in Dijon
* Labège 2 in Labège
* Les Quatre Temps in Paris
* Nice Etoile in Nice
* Place d’Arc in Orléans
* Rosny 2 in Rosny-sur-Bois
* Saint-Martial in Limoges
* Vélizy 2 in Vélizy-Villacoublay

For more information on Forum des Halles visit http://en.forumdeshalles.com/vue/form/forumdeshallesuk/accueil/accueil.htm
For more information on shopping in Paris, visit http://www.parisinfo.com

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Parler Paris, French Property Insider and John Howell & Co. Present the …
Living and Investing in France Round Table —
An Afternoon with Adrian Leeds…and now John Howell, Ruth Mastron, GE MoneyBank and Schuyler Hoffman

May 27, 2006, 2:30 p.m. to 6:30 p.m.
at Historic Tujague’s
823 Decatur Street
New Orleans

ROUND TABLE EXTENDED TO 5 1/2 HOURS!!!
If you’ve ever dreamed of moving to France, creating a new life in Paris, purchasing a “pied-à-terre” of your own or perhaps investing in other property in France, this power-packed afternoon with Adrian Leeds is a MUST.
New Orleans is Adrian Leeds’ Ho
me Town

New Orleans has a heritage that dates back to the Spaniards who settled there, to the French who turned it into the country’s most cultured and fun-filled city and to all the others who followed and added a profound texture of culture and spirit. Before Hurricane Katrina struck, it was one of the most visited U.S. cities and is still host to such important events as the Mardi Gras and the Jazz Festival. New Orleans is also one of the only U.S. cities that can claim centuries of history not to mention the greatest food, music and art.
The Round Table
Round Table and Discussion will be led by Adrian Leeds, Editor of Parler Paris and French Property Insider, Director of French Property Consultation, author of the Leeds Good Value Guide to Paris Restaurants and co-coordinator of the Parler Parlor French-English Conversation Group!…
New Addition to the Round Table!…
John Howell, John Howell & Co., Overseas Law Solicitors and International Attorneys!
John is internationally well known for his thoroughly entertaining and brilliantly informative seminars about all aspects of buying property and living overseas. Last year he presented seminars in England, Scotland, Ireland, Norway, Sweden, France, Turkey and the US. He is also co-author of the Sunday Times guides to buying property in Spain, France, Italy, Turkey and The Emerging Markets of Eastern Europe. He is author of the two volumes of the prestigious Butterworth’s Encyclopedia of Forms and Precedents related to advising clients with international problems. On top of that, he is the author of the guide to Setting up a Small Business in France and has written numerous articles and guides to international law and practice, both for the general public and the professional press. Because he is such a fine presenter, he appears regularly on TV and radio as an expert on these topics.
There is nothing else you can do in less time and as inexpensively to learn the important facts you need to know to get you on the right road and in the right direction for a successful investment and life in France!
Click here to learn more about all Round Table Presenters…
The Round Table will give you an overview and introduction to each the following topics:
* Obtaining the Right to Be in France!
* Learning the Language!
* Buying and Owning Property in France!
* Profiting from the Leaseback Program, Corporate Housing in Paris (CHIP) and Other Investment Property Programs
* How to Rent Your French Property for Profit!
* Finding Your Dream Apartment in Paris or Home in the Country!
* Getting a Mortgage!*
* Minimizing Your Tax and Maximizing the Benefits!
* Reducing Your Currency Exchange Risk!
* Crossing the Cultural Divide!**
* Plus, you’ll get answers to all of your questions during a Q and A session…an opportunity to ask questions particular to your situation and receive answers you need to make your dream to live in France come true and how to invest in property there profitably.

*Special presentation by Philippe Vasseur and Meadda Ang, GE MoneyBank…How to Get a Mortgage!
 
The Round Table Location and Dinner (Open to Everyone!)
http://tujagues.com/
The Second Oldest Restaurant in New Orleans!
823 Decatur Street, New Orleans

Welcome to the 2nd oldest restaurant in New Orleans!
Located in the heart of the French Quarter, facing the historic French Market, Tujague’s has retained its reputation for providing an unforgettable dining experience in the original Creole tradition. Tujague’s has been a favorite for over 143 years, entertaining and satisfying the appetites of delightfully robust patrons to the French Quarter.
You’ll think you’ve stepped back in time when you see the ancient mirror which graced a Paris bistro for ninety years before making its journey to New Orleans, or when you run your fingers across the famous cypress bar which splendidly survived prohibition. When you enter the restaurant and smell the aroma you’ll be enjoying the same sensations as did brunch guests to Madame Begue’s “petite dejeuner” all those years ago, as Tujague’s serves-up those same famous dishes today!
The original Creole tradition of hand selecting fresh produce purchased daily from the open French Quarter market also continues today, ensuring cuisine of the finest possible quality. Sit back, relax and enjoy course after famous course of traditional New Orleans dishes and drinks!
Here’s the menu:
• Shrimp Remoulade
• Louisiana Gumbo
• House Specialty Brisket of Beef with Tujague’s Special Creole Sauce
• Choice of Main Course: Fish, Meat, Chicken
• Banana Bread Pudding
• Wine and Coffee

**Plus Special Guest Speaker Ruth Mastron!
Co-author of “Au Contraire: Figuring Out the French” and Vice-President of SoCoCo Intercultural

Ruth has delighted our Living and Investing in France Conference attendees for many years — wowing the crowd with a fun, funny and insightful explanation of cultural misunderstandings you are sure to encounter upon moving to France. Not only is Ruth’s message a valuable addition to the roster, but she is a f
abulously entertaining speaker not t
o be missed. Thank you, Ruth!

Optional 3-Hour Tour
Sunday, May 28th 1 p.m to 4 p.m.:
HURRICANE KATRINA, “AMERICA ‘S WORST CATASTROPHE”
Take the Grayline Tours eyewitness account of the events surrounding the most devastating natural disaster on American soil!! We’ve reserved seats for our special group to take the tour at $35 per person.
($3 will be donated to a non-profit organization of your choice [1 of 5] that has been directly affected by Hurricanes Katrina and Rita. Choice of charities: America’s Wetlands, Habitat for Humanity, Louisiana SPCA, Tipitina’s Jazz Foundation or New Orleans City Park.)
* Learn the history of the original city, the French Quarter, and why it was built at this particular location along the Mississippi River. * We’ll drive past an actual levee that “breached” and see the resulting devastation that displaced hundreds of thousands of U.S. residents. * The direct connection between America ‘s disappearing coastal wetlands, oil & gas pipelines, levee protection and hurricane destruction will be explained. * Your tour guide will give a “local’s ” chronology of events leading up to Hurricane Katrina and the days immediately following the disaster. * You’ll be amazed at the volume and variety of products “offloaded” in the multimodal port of New Orleans , the second largest port in the country, and then distributed to your hometown. * Did you know that 30% of the seafood (fish, crabs, shrimp, oysters, and crawfish) harvested in the lower 48 states comes from the coastal wetlands in South Louisiana? * After this tour, you’ll have a better understanding of events pre and post Katrina and the “Rebirth of New Orleans!”
Everyone is welcome to join in our group! Reserve in advance with Schuyler Hoffman by emailing [email protected]/parlerparis
Please make your payment of $35 per person when you arrive at 12:45 p.m. at the Grayline Meeting Point.
May 27, 2006 Round Table Schedule
1 p.m.: Registration
1:30 p.m. to 7:00 p.m.: Round Table with Adrian Leeds…and now John Howell, Ruth Mastron, GE MoneyBank and Schuyler Hoffman!
7:00 p.m.: Optional Dinner at Tujague’s —

Dinner is Open to Conference Participants, Their Guests and Everyone Who Would Like to Join Us!
Round Table Also Includes
* Coffee Break Mid Afternoon
* Canvas Tote Bag with Free Gifts from Paris
* Reference Materials

Round Table and Dinner Fees
1st Person Round Table Only $147
1st Person Round Table with Full Cocktail and Dinner $197

Add a Spouse, Partner or Friend!
Two People Round Table Only $267
Two People Round Table with Full Cocktail and Dinner $367
Dinner for your friends or anyone who would like to join us! $67
Cancellation Policy
Round Table: Cancellations received on or before April 30, 2006, will receive a full refund, less a $50 processing fee. From May 1 – 15, 2006 a refund of 50% per person will be given, less a $50 processing fee. After May 15, 2006, the round table Round Table fee is non-refundable. Please call, fax, or email our offices immediately to avoid any unnecessary charges if you are unable to attend. If you cancel due to medical reasons that are covered by your purchased travel-insurance policy, we will advise the insurance company that your travel and conference or seminar fees are non-refundable. Any refunds issued by the insurance company will negate any credit due.
Protect Your Investment: We strongly suggest you protect your investment by purchasing trip-cancellation insurance. We are happy to recommend a policy to you. Please visit http://cruiseorairtravel.com/travel_insurance/insurance.htm for more information or contact Maria Maher at Agora Travel, [email protected].
Reservations and information:
If you’d like to know more about the Round Table or reserve your place, email Schuyler Hoffman.
U.S. OFFICE 9 a.m. to 6 p.m Pacific Time
Schuyler Hoffman, Special Projects Manager
Phone 1-310-427-7589
Email: [email protected]/parlerparis

Or sign up now.


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Property Consultation, Search and Relocation Solutions
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation

Visit our new site!
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
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/fpibrochure.pdf

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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:
https://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html

Charts
http://www.Moneycorp.co.uk/members/charts.asp
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.
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Parler Paris Après-Midi
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html
NEXT MEETING: June 13, 2006 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.
This is your opportunity to meet every month, often with local
professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.

Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003 Paris
Métro Lines 9, 3 et 11, stations Temple, République or Arts et Métiers

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HOT PROPERTY PICKS: Living Life A-Loft
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, 12th Arrondissement, Loft, 3 rooms, approx. 80m²
Second floor loft with a courtyard view offers an entrance, large living room, American style kitchen, separate bedroom on the mezzanine, office, bathroom and separate toilet. Gas heating. Exceptional quality.
Asking Price: 465,000 Euros + 2.5% Finder’s Fee
 
 
*** Paris, 18th Arrondissement, Loft, approx. 80m²
In an area that is highly in demand, this superb loft has been completely renovated and features many quality fixtures. On the first floor it has a unique layout, with mezzanines at different levels. American kitchen, bathroom and separate toilet, gas heating.
Asking Price: 470,000 Euros + 2.5% Finder’s Fee
 
 

 
 
 
 
 
 
 
*** Paris, 18th Arrondissement, Loft, 2/3 rooms, approx. 65m²
Exceptional loft on that third floor, features an entrance, large living room with fireplace, American kitchen, bedroom, bathroom, 2 toilets and mezzanine. All with 6m high glass ceilings.
Asking Price: 530,000 Euros + 2.5% Finder’s Fee
 
 

 
 
 
 
 
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*** Paris, 20th Arrondissement, Loft, 5 rooms, approx. 168m²
Large, duplex loft with a vast living space, high ceilings. Bedroom, bathroom, open kitchen, exposed beams and stone. Many benefits and possibilities — a guaranteed coup de coeur!
Asking Price: 850,000 Euros + 2.5% Finder’s Fee
 
 

 
 
 
 
 
 
 
*** Paris, 11th Arrondissement, Loft, 10 rooms, approx. 300m²
Unique loft design featuring a glass ceiling. Must be seen!
Asking Price: 1,300,000 Euros + 2.5% Finder’s Fee
 
 

 
 
 
 
 
 
 
===============================
LEASEBACK NEWS FROM IMOINVEST
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/sales/leasebacks/lb_list.php
MARINES DE KERLIEZEC
France, Brittany / Normandy, Carantec

NEW LISTING
One Bedroom 40m² to 44m² Euros 117,000 to Euros 118,000
Two Bedrooms 61m² to 82m² Euros 156,000 to Euros 232,000
Three Bedrooms 77m² to 77m² Euros 203,000
EXPECTED RENTAL INCOME UP TO: 4.00%
 
Fantastic beaches, breathtaking cliff walks and delicious seafood! Carantec is a small town in Morlaix Bay, some 10 kms south of Roscoff. Immediately off Plage du Port, lies Callot Island, which is linked to the mainland at low tides via a tarmac causeway. The island which is 3kms long, has a number of houses, a school (now closed and used as an Art Gallery) and about nine sandy beaches. At the far end of the Island is Notre Dame Church, which is still in use. Morlaix Bay has a number of Islands, one of which has an imposing 16th Century Chateau, several lighthouses and some of the islands have a few houses. Stunning views are to be had in all directions and many sandy coves dotted with small islands and forts, some inhabited which can be driven to at low tide.
This residence will comprise one to three bedroom spacious apartments and most with terrace or balcony. The residence is within walking distance from the golf course of Carantec which sweeps down to a sandy beach on the Morlaix river estuary. The golf course of Carantec boasts a privileged setting at the waters edge. Delightful scenery and a challenging game whatever your handicap, guaranteed all year around. There is a private pebbled pathway connecting the residence directly to Clouet beach. The usual water sports, fishing diving and sailing activities are available nearby. From the development a number of delightful walks offering superb views can be taken and there are municipal tennis courts nearby.
===============================
Paris Auctions
http://www.encheres-Paris.com

Next sessions: June 6, 2006, 1:30 p.m. and June 13, 10 a.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

Additional information on Les Ventes aux Enchères des Notaires can be found on the website 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:
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/articles/auctions1.html

2 rooms 40,65 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 40,240 Euros
Deposit: 14,300 Euros
3 rooms 38,20 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 62,220 Euros
Deposit: 16,250 Euros
3 rooms 41,15 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 69,955 Euros
Deposit: 14,950 Euros
2 rooms 38,85 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 32,385 Euros
Deposit: 13,000 Euros
5 rooms 85,20 m²
21 rue Descombes
75017 PARIS 17th
Opening Bid: 310,000 Euros
Deposit: 62,000 Euros
3 rooms 50,70 m²
21 rue Descombes
75017 PARIS 17th
Opening Bid: 185,000 Euros
Deposit: 37,000 Euros
2 rooms 30,20 m²
21 rue Descombes
75017 PARIS 17th
Opening Bid: 110,000 Euros
Deposit: 22,000 Euros
3 rooms 50,10 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 150,000 Euros
Deposit: 30,000 Euros
2 rooms 30,60 m²
21 rue Descombes
75017 PARIS 17th
Opening Bid: 110,000 Euros
Deposit: 22,000 Euros
3 rooms 49,30 m²
21 rue Descombes
75017 PARIS 17th
Opening Bid: 170,000 Euros
Deposit: 34,000 Euros
2 rooms 29 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 92,000 Euros
Deposit: 18,400 Euros
3 rooms 45,20 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 134,000 Euros
Deposit: 26,800 Euros
Studio 25,60 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 66,000 Euros
Deposit: 13,200 Euros
4 rooms 96 m²
81 boulevard Brune
75014 PARIS 14th
Opening Bid: 340,000 Euros
Deposit: 48,000 Euros

 
June 16, 2006

Studio 42,55 m² rented + parking vacant
89 rue Compans
75019 PARIS 19th
Opening Bid: 105,000 Euros
Deposit: 21,000 Euros
3 rooms 110,20 m²
6 rue de Bénouville
75016 PARIS 16th
Opening Bid: 520,000 Euros
Deposit: 92,000 Euros
2 rooms 29,6 m²
14 rue de La Bruyère
75009 PARIS 9th
Opening Bid: 95,000 Euros
Deposit: 19,000 Euros
4 rooms 60,3 m²
64 bis boulevard Garibaldi
75015 PARIS 15th
Opening Bid: 200,000 Euros
Deposit: 40,000 Euros
2 rooms 28,7 m²
22 avenue d’Eyleau
75016 PARIS 16th
Opening Bid: 140,000 Euros
Deposit: 28,000 Euros
4 rooms 127,10 m²
7 avenue Franco-russe
75007 PARIS 7th
Opening Bid: 690,000 Euros
Deposit: 138,000 Euros
Studio 17,6 m²
32 rue Piat
75020 PARIS 20th
Opening Bid: 48,000 Euros
Deposit: 9,600 Euros
10 rooms 380 m² + 2 maid’s rooms + garage
48 rue de Grenelle
75007 PARIS 7th
Opening Bid: 2,700,000 Euros
Deposit: 540,000 Euros
2 rooms 28,80 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 58,000 Euros
Deposit: 11,600 Euros
2 rooms 29,40 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 56,000 Euros
Deposit: 11,200 Euros
2 rooms 26,60 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 48,000 Euros
Deposit: 9,600 Euros
2 rooms 28,10 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 59,000 Euros
Deposit: 11,800 Euros
2 rooms 28,10 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 33,000 Euros
Deposit: 6,600 Euros
2 rooms 28,20 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 74,000 Euros
Deposit: 14,800 Euros
2 rooms 28 m² rented
21 rue Descombes
75017 PARIS 17th
Opening Bid: 67,000 Euros
Deposit: 13,400 Euros

 
===============================
SEEKING A MORTGAGE IN FRANCE?
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================================
INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS
Don’t forget that with your FPI subscription you are entitled to a discount on the purchase of any Insider Paris Guides. You’ll find details of the guides at http://www.insiderparisguides.com/. When ordering, a box will pop up allowing you to enter the following:
Username: fpi
Password: subscriber

Order more than one guide at a time and you will receive an additional discount!

================================

THINGS YOU NEED TO KNOW

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

Past issues of FPI are available on the website. You will find the
“Past Issues” link on the left under “Subscribers Only” or by going to
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/pastissues/index.html

To receive your free French Leaseback Report or the Paris Property
Report, click on
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/reports.html

================================

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/

==== CLASSIFIED ADVERTISING ===

==APARTMENT RENTAL==

Coming soon…Parler Paris Apartments rental representation at adrianleeds.com/parlerparis/apartments. If you have a property in Paris you’d like to keep booked and represented properly, please email [email protected] for more information.

For all short term rental apartments in Paris, take a look at ttp://www.adrianleeds.com/frenchproperty/insider/shortterm.html or
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/longterm.html for long term apartments.

================================

SUBSCRIBE TO PARLER PARIS

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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Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com

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