Looking Like a Million in Le Marais
Volume V, Issue 22
Nicolas Sarkozy is the man of the hour as we watch him reform tax laws and change the economic tide of France by creating a nation of homeowners. Read all about it today’s issue along with the analysis of several key publications.
Paris property prices are up again, as reported by the Chambre de Notaires, so don’t fail to discover the latest trends and download the statistics dating back 16 years (fascinating!).
We’ve had so many clients buying in Le Marais in the last few weeks, and in particular, the 4th arrondissement, that we decided to showcase properties under one million euros in the district in Hot Properties. The threshold for many buyers seems to be that one million mark — but spacious apartments with two bedrooms are not too difficult to find, as long as you don’t mind renovation!
Paris Home Shares has asked us to locate another property for them because the first one has already proven to be quite popular for those interested in Fractional Ownership…it’s in the 4th, of course! Learn more by clicking here: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/jardinstpaul.html
Next week, President of Caye International Bank, Peter Zipper, will be on hand for a special FREE presentation Thursday night about “How to Successfully Master Offshore Banking.” If you haven’t already registered, please do. Scroll down for more information and how to sign up.
Summer is an interesting month to be apartment hunting…scroll down to learn more and don’t forget that this is a bargain time of year to stay in vacation rental apartments. Visit Parler Paris Apartments at https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments for more information.
And if you’re in Paris now, mark your calendar for Tuesday, June 12th for Parler Paris Après Midi! Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html for all the details. See you there!
Editor, French Property Insider
Email: [email protected]
P.S. The Living and Investing in France Real Estate Conference in San Francisco is filling up fast and lots of new presenters are being scheduled for an even better line-up of professionals. Don’t miss this opportunity to learn all you need to know to make your dream come true. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_SF_AF_July_2007/home.html for more information.
Volume V, Issue 22, June 7, 2007
In this issue:
* French Property Price Update
* Why Summer is a Good Time for Apartment Hunting
* Sarkozy Reforms Property Laws
* Will Sarkozy Plans Send Property Prices Soaring?
* Tax Relief on Mortgages
* France Foreign Policy Next for Sarkozy
* FREE Presentation on Mastering Offshore Banking Next Thursday!
* FPI on House Hunters International
* Living and Investing in France Conference, July 7-8, 2007 San Francisco
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: June 12, 2007
* Hot Property Picks: Under a Million in Le Marais
* On the Auction Block: June 26 and July 3, 2007
* Leasebacks: Mas Tropeziens, France, Mediterranean Coast, Saint Tropez
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments
More News on Paris Property Prices
As of February 2007
Data Provided by the Paris Chambre de Notaires June 6, 2007
According to the Chambres de Notaire de Paris, property on the Ile de France continues to show strong appreciation with 9.1% over one year from the end of February 2007 and in Paris, 10% for resale apartments. Over the course of three months (December 2006, January and February 2007), price increases have decelerated, with 15.8% at the end of February 2006 de
creasing to 8.8% at the end of Februar
To fully see the evolution of Paris prices for the last 16 years, by quarter and by district, click here to download the pdf file at:
To read the chart: the left column numbers indicate the quarter, beginning with second quarter of 1991, therefore T291, T391, T491 indicates “T” = “Trimester” (quarter), “1,” “2,” or “3,” or “4” = 1st, 2nd, 3rd or 4th and “91” = year of 19–, etc.
Note that the market prices hit a low period during the 4th quarter 1997, recuperting to 1991 levels at about the year 2000. Since then, property has doubled in value and continues to increase as per the above reported figures.
‘Tis the Season for Apartment Hunting?
By Adrian Leeds
The Summer vacation months are getting nearer and that normally means there are fewer properties on the market, fewer owners and fewer agents to show them. However, some believe this is the BEST time of year to find properties…because those that are on the market are priced to sell! We have seen this prove to be true, so don’t discount the Summer months as not a great time to come to Paris for a property search. Take advantage of low apartment rental prices (see the special offers on https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments), all the Summer activities (Paris Plage, etc.) and the lowest property prices of the year.
For more information, contact [email protected]
The Name Sarkozy is On Everyone’s Lips, Especially Property Investors’
By Adrian Leeds
I hear his name being spoken not only in every day conversation with friends and colleagues, but on the streets and on public transportation when overhearing others’ conversations. Nicolas Sarkozy, France’s newly elected President, is stirring the pot of change that is brightening the spirits of the right and worrying the opposition on the left.
His pledge to turn France into a nation of homeowners is coming true before our very eyes as he reforms laws that will encourage home ownership. The main planned tax relief on mortgage interest applied to all existing loans on principal residences is one of his bold ideas that has encouraged the media to compare him with Margaret Thatcher.
When “Maggie” privatized the “council” flats in England, renters were suddenly able to buy their apartments at very low prices. Ownership vs tenancy changed the sentiment of the habitant and before long, the crime rate in those areas was reduced, owners made improvements to the properties and values skyrocketed. it pushed the demand for purchasing properties and England became a land of homeowners, 3% ahead of Americans and 8% ahead of the French (statistics from the year 2000, Eurostats).
Opposing socialists are concerned property prices will increase making it more difficult to purchase for those with more modest means while the right sees the growth as an economic boost badly needed and a benefit to all.
We’re providing a few articles which may be of interest to you regarding these new reforms, but from my perspective, as a homeowner and property investor, this means France is an even better investment than before!
Sarkozy Says Mortgage Tax Relief Will Apply to ‘All Existing Loans’
French President Nicolas Sarkozy said planned tax relief for interest paid on mortgages will apply to ‘all existing loans.’
“The interest will be tax-deductible as of the date when the law is voted, and this deduction, as I promised, will apply to all existing loans,” he said at a rally organized by his conservative UMP party in Le Havre, northern France…
To read the entire article visit http://www.forbes.com/afxnewslimited/feeds/afx/2007/05/29/afx3766487.html
Sarkozy Pins Dream on Bricks and Mortar
By Angelique Chrisafis
While the British have rushed to buy crumbling cottages in the Dordogne and Americans have snapped up Parisian apartments, the French, often life-long tenants, have watched the “Anglo-Saxon” property craze with a mixture of bemusement and worry.
But the French president, Nicolas Sarkozy, yesterday stepped up his plans for a Thatcherite homeowners’ revolution, as Socialists warned that his incentives for French buyers could send house prices soaring…
To read the entire article visit http://www.guardian.co.uk/france/story/0,,2091815,00.html
Sarkozy Shifts his Focus to Foreign Policy
By Katrin Bennhold
International Herald Tribune, Europe
With his parliamentary majority in elections this month all but assured, President Nicolas Sarkozy has swiftly turned his attention to foreign policy, preparing his debut at the Group of 8 meeting next week and European Union summit talks two weeks later.
On Thursday, he flew to Madrid to meet with Prime Minister j2999é Luis Rodríguez Zapatero, the latest stop in a high-energy mission to sell his vision of a simplified European constitution to skeptical neighbors…
To read the entire article visit http://www.iht.com/articles/2007/05/31/europe/sarkozy.php
“How to Successfully Master Offshore Banking”
by Peter Zipper, President Caye International Bank
A FREE Presentation sponsored by French Property Insider and
the Adrian Leeds Group, LLC
June 14, 2007, 6:30 p.m. to 8 p.m. at La Pierre du Marais, Paris, 3rd
Sign up for Peter Zipper’s FREE presentation of “How to Successfully Master Offshore Banking” and learn how and why you might want to consider moving your valuable financial assets to a secure and private account. This is essential information for investors and private individuals wanting to maximize their savings and investments.
Mr. Zipper is President of Caye International Bank, Ltd., based in Belize. He has been involved in private banking for 25 years, and is an authority on offshore banking and investment centers. He is a regular lecturer at the Living and Investing in France Conference, has lectured at thousands of other conferences and spoken on television and radio shows around the world in both English and German. He began his career in Canada in the early 1980’s, before moving to Vienna, Austria. There he was Senior Vice-President of a large private bank for 17 years, and a member of the management and investment committee responsible for a worldwide network of financial advisors before recently joining Caye International Bank.
“How to Successfully Master Offshore Banking”
June 14, 2007
6:30 p.m. to 8 p.m.
Upstairs at La Pierre du Marais*
96, rue des Archives at the corner of rue de Bretagne, 75003
3rd arrondissement, Paris
Métro Temple, République or Arts et Métier
*The presentation is free, but the establishment kindly requests that each participant order at least one drink.
Sign up now by emailing: [email protected]
French Property Insider to be Aired on
House Hunters International!!
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 09, 2007 11:00 PM ET/PT
• July 10, 2007 3:00 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
July 7-8, 2007
An Alliance Française of San Francisco Special Event!
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 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 afternoons in San Francisco will point you in the right direction to make it really happen! Includes cocktail reception Saturday evening followed by an optional dinner with special guest speakers.
For more information
visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_SF_AF_July_2007/home.html or email [email protected]/parlerparis
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.
Parler Paris Après-Midi
NEXT MEETING: June 12, 2007 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
HOT PROPERTY PICKS: Under a Million in Le Marais
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, 4th Arrondissement, 3 rooms, approx. 85m²
Coup de coeur! Near Hôtel de Ville in a beautiful, 17th century building, this unique duplex has a large living room, American-style kitchen, 1 bedroom with shower, 1 bedroom with bathroom and separate toilets. Double exposure, beams and all the charm of classic Marais style. Engaging view on Paris rooftops.
Asking Price: 680,000 € + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 4 rooms, approx. 100m²
On a pretty, private courtyard with trees, this duplex is quiet and in the heart of le Marais. With high ceilings, beams and fireplace, it is full of charm. The kitchen is fully equipped and opens on to the large living room. Two large bedrooms including a master bedroom with superb en suite bathroom.
Asking Price: 898,000 € + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 4 rooms, approx. 111m²
Exclusive! Near Hôtel de Ville in a 17th century building, this apartment is on the 4th and top floor with elevator, and features a terrace facing south. Beautiful living room, kitchen, dining room, 2 bedrooms, 2 caves. Quiet and in good condition,
Asking Price: 995,000 € + 2.5% Finder’s Fee
Next Sessions: June 26 and July 3, 2007 at 1:30 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:
June 26 at 1:30 p.m.
|3 room duplex 93,90 m²
8 rue François Miron
75004 PARIS 4th
Opening Bid: 633,750 €
Deposit: 127,750 €
|3 rooms 64,10 m²
28 rue Jacob
75006 PARIS 6th
Opening Bid: 449,000 €
Deposit: 89,800 €
|2 rooms 58,72 m²
173/175 boulevard Murat
75016 PARIS 16th
Opening Bid: 260,000 €
Deposit: 52,000 €
July 3, 2007 at 1:30 p.m.
|House 237 m² with land of approx. 90 m² + 2 parking spaces
30 rue de Crimée
75019 PARIS 19th
Setting price on a higher bid: 919,600 €
Deposit: 183,920 €
|3 rooms 47,67 m²
8 bis rue Amyot
75005 PARIS 5th
Opening Bid: 320 000,00 €
Deposit: 64 000,00 €
|Building, 1,640,59 m², partly rented, on land of 631 m²
11 rue Euryale Dehaynin
75019 PARIS 19th
Opening Bid: 4,000,000 €
Deposit: 800,000 €
|2 rooms 52,8 m²
118 avenue Félix Faure
75015 PARIS 15th
Opening Bid: 220,000 €
Deposit: 44,000 €
|6 rooms 178,4 m² + 2 maid’s rooms
17 avenue Niel
75017 PARIS 17th
Opening Bid: 850,000 €
Deposit: 170,000 €
|3 rooms 45,31 m²
5 rue Fondary
75015 PARIS 15th
Opening Bid: 190,000 €
Deposit: 38,000 €
|4 rooms 84,05 m² rented
38 rue Lucien Sampaix
75010 PARIS 10th
Opening Bid: 315,000 €
Deposit: 63,000 €
LEASEBACK NEWS FROM IMOINVEST
France, Mediterranean Coast, Saint Tropez
Studio 30m² to 30m² €335,000 to €335,000
GUARANTEED RENTAL INCOME UP TO: 4.00%
Set on the blue waters of Saint-Tropez, this modern version of a medieval town is most popular for the line of luxury yachts in the harbour and an array of beautiful terrace cafés, divided by a parade of strolling tourists and slowly cruising sports cars. Saint-Tropez is a commune of the Var department in southern France, located on the French Riviera. This is a rare investment opportunity within this legendary seaside resort and international tourist capital.
Quality, luxury, good location and prestige are all presented by Residence Les Mas Tropeziens. Located only 200m from the beach and within walking distance to the town centre. This impressive residential complex offers 29 spacious ground floor apartments, all with terraces giving way to the sunny Tropezien skies. This will be a highly secured and private residence with swimming pool, with car park and all the services essential to support this type of prestigious establishment including reception, relaxation lounge and breakfast area. The apartments are designed to be functional and have the advantage of being close to the swimming pool. Apartments combine comfort and pleasure through carefully thought out fittings and finishes: fully equipped kitchens and bathrooms, luminous living rooms, air conditioning, wireless internet access, spacious terraces decorated with lavish flower beds. Direct access to the garden allows direct access to ‘Plage des Cannebiers,’ considered to be one of the best beaches in Saint-Tropez.
Investors will receive a guaranteed rental return of up to 4% and free holiday use! Income will be guaranteed for a minimum of 11 years with completion of this residence scheduled for the 1st quarter of 2008. This is the perfect opportunity to become the owner of a piece of property located in one of the best destinations in the world while benefiting from excellent capital growth and guaranteed rental income. Take advantage of this exclusive preview and reserve units ahead of time as this property is sure to sell out fast. Please check back within the next few days for updated pricing and additional information.
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 f
ind 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]
Insider Paris Guides Have a New Home
Insider Paris Guides started almost 10 years ago with the idea of creating an online electronic regularly updated listing of my favorite good-value restaurants. I wrote it one summer, listed 50 Paris restaurants and we called it the Leeds Good Value Guide to Paris Restaurants. It sold from the moment it hit cyberspace and over the years, guides were added to the roster. Today there are four guides:
Good Value Restaurants
You don’t need to be rich to dine well in Paris – you just need to know where to go. Enjoy fabulous three-course meals with wine for just $20 to $30, including tax and tip. Explore more than 200 hand-picked great-value restaurants.
Living in France
France may seem familiar, but nearly everything … from paying taxes to having a baby … is done quite differently. Get the practical answers to nearly 300 questions about making a life in France.
Are you, like so many great writers past and present, drawn to and intoxicated by the City of Light? Discover the ins-and-outs of literary Paris whether you are a novelist, journalist, poet or just a dreamer.
This is the first guide of its kind, devoted to understanding and exploring the rich Black culture and vibrant Black community in Paris. Make the most of Paris’s multicultural sites, sounds and tastes.
Bastille Media took over the publishing responsibilities of the Insider Paris Guides this month and yes(!), we will continue to offer a discount to FPI subscribers.
The discount will be 10% off any guide and up to 25% off the entire
purchase (if two or more guides are purchased at the same time). But
the way you as a subscriber to FPI will take advantage of the discount has changed a bit. 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: http://www.insiderparisguides.com/offer/fpi_offer.htm
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
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.
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.
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
Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com