Paris Changes Starting at Square One
Volume IV, Issue 35
The Parisians are back for La Rentrée and so are the Americans. It was standing room only at Parler Paris Après Midi (https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html — stay tuned for all the details) this past Tuesday where we had several decorators and architects. Perfect! We’re always looking for good resources. Renovation seemed to be the theme this week…
Ben and Angela, soon to be saying their vows at a château in the south, are just putting the finishing touches on their Marais apartment, thanks to architect Derek Bush (https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/services/derekbush.html). Their beginning to end story happy tale takes center stage on House Hunters TV (http://www.hgtv.com/hgtv/shows_hhint) who filmed all week here in Paris.
“Reality TV” should really be called “Simulated TV” and one of the apartments depicted as one of two that Ben and Angela visit but don’t buy, was also one of Derek Bush’s creations. Stunningly renovated and decorated, it was tough for Ben and Angela to find a reason why they weren’t going to buy it!
Today’s issue has the whole TV story along with a lot of important information and some exciting properties. We take start off at the first arrondissement with the face of a changing Paris, to the hated Wealth Tax, to making a French will, to an announcement of the latest rates from GE MoneyBank and a few tidbits of information you’ll want to store away for future use.
Don’t miss a single word.
Editor, French Property Insider
Email: [email protected]
P.S. Next week I’ll be writing you from Los Angeles and the week after I’ll be reporting on the outcome of the Living and Investing in France Conference in San Diego September 16 and 17. There are still a few places, so be sure to register as soon as possibl. See https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/liveinfrance/LIF_SD_2006/LIF_SD_2006_home.html for more details and to sign up.
Volume IV, Issue 35, September 7, 2006
In this issue:
* A Facelift for the City of Light
* House Hunters in Paris
* All About Wealth Tax
* Practical Answers on Wills and French Taxes
* Ryanair to Land in Normandy…But Not Without a Fight
* On the Auction Block September 19, 2006
* Getting Rental Returns on a Holiday Home
* Living and Investing in France Conference, September 16 & 17, 2006, San Diego — NEW! Conference Celebration Dinner Open to All
* Free Tickets to Expatica’s Welcome to France Fair, October 15, 2006
* FPI Property Consultation, Search and Relocation Solutions
* New! French Property Consultation Concierge Services
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: October 10, 2006
* Hot Property Picks: Living in the Heart of Paris
* Leasebacks: Residence Aconit, France, French Alps, Les Menuires
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments
By Adrian Leeds
The 16th, 17th, 18th, 19th and 20th-century buildings that surround us in Paris can easily fool us into thinking that Paris is Paris, Paris will always be Paris and that Paris will never change. Yet, everyday, with no exaggeration, I see subtle changes on the landscape that remind me of how human cells are born, emerge, mature, die and shed recreating our skin, hair and teeth to ultimately take on a slightly different look, but not so completely different that we aren’t recognizable.
Thanks to a very progressive administration, led by leftist Mayor Bertrand Delanoë, Paris is changing even more rapidly than in the past. The technological age has sped up everything, even the movement of a city as ancient as this one.
There are so many important changes taking place in Paris at the moment that the City Hall saw fit to distribute a “Guide des Bala
des Urbaines” to all resid
ents in the city about the various projects in the works.
Ten percent of the city’s 940 hectares are currently under some sort of renovation, two-thirds of which began since 2001. Four thousand more units of public housing are being constructed every year. Ninety urban architects, 25 landscape artists and 150 other related artisans are working to recreate Paris.
What I look for most, is how these projects will affect the value of real estate, taking notice of the trends so that investors can make intelligent buys. The following are projects to watch and speculate on, if you are so inclined to take the risk.
The Les Halles project is top of my personal list to watch. Between June 2007 and 2012, the more than four-hectare area of Les Halles in the 1st arrondissement will undergo a massive facelift, thanks to the architectural wizard, David Mangin, who won the contract in 2004. Those who live near it can expect it to affect their daily lives during the renovation period. but if the outcome is as enlightened as it is proposed, then their properties will sharply increase in value and they will have quickly forgotten the pain of the process.
The building on rue de Turenne at the corner of rue Saint-Antoine in the 4th arrondissement that was at one time a wall between two buildings until the corner one came down, is about to look slightly different. By the end of 2007, a new illusory panel to recreate the look of many windows will cover the now unsightly grey stone facade that is void of any appointment. This district is already rivaling the 6th arrondissement in property values. This certainly won’t hurt that rise!
Château Rouge is undergoing a metamorphose including public housing, schools, nurseries, renovated streets, squares, parks and commercial districts that will bring this long-forgotten “quartier,” one of Paris’ least expensive real estate areas, to rival some of the more central districts. In the past you might not have given it one thought. Think again. It’s a great place to watch a small investment grow very large.
The renovation of the Quartier Clichy-Batignolles will be complete in 2007 with 10 hectares of park, housing, office, commercial and sports facilities. Métro Porte de Clichy is where all this takes place and where you will find Paris’ only bilingual public school (junior and high school) — Honoré de Balzac. An entry exam is required to attend and it offers and international baccalaureate degree. (My own daughter attend two years.) See http://lyc-balzac.scola.ac-paris.fr for more information. Anglophones who stick to the West Side for easy access to the bilingual schools should consider an alternative from a bourgeois way of life to something more colorful.
Paris honors its illustrious women! Have you had a swim in the j2999éphine Baker? It Paris’ newest pool, on the Seine, at the foot of the Bibliothèque François Mitterand, just near the new Passerelle Simone de Beauvoir. It crosses the Seine connecting the 12th and 13th arrondissements in a most unusual way — for pedestrians only that can choose over or under. Don’t think for a minute that this won’t affect both sides.
The Tramway is advancing rapidly…connecting the 13th, 14th and 15th districts with 7.9 kilometers of tracks and 17 stations, where the grass is king and 1100 trees line the way. Expect to take a ride by the end of this year. It’s the edge of town, but a good edge indeed…Cité Universitaire benefits and residents near Parc Montsouris are loving it!
These are just a few. The guide reports on 42 projects that are about to change our lives in Paris and very likely, our property values, too. To learn more, just click here to download the entire brochure (in French):
An Apartment in Paris: The Real Story
An Excerpt from Parler Paris
Wednesday, September 6, 2006
By Adrian Leeds
This past week we were part of a filming for a TV program in the U.S. produced by HGTV called House Hunters. They run an international show from time to time and feature Americans who are purchasing property in Paris. (http://www.hgtv.com/hgtv/shows_hhint)
This is “Reality TV” at its best. When I was living in the U.S. Reality TV virtually didn’t exist, except for shows like Candid Camera, which is considered the “granddaddy” of this TV genre (1948). Reality TV has exploded both Stateside and Europeside since 2000 — unscripted situations, documentaries of actual events, featuring “ordinary” people. Critics complain that the term “reality television” is somewhat of a misnomer because such shows often portray a manipulated form of reality. Participants are sometimes coached to act in certain ways and the events on screen may be manipulated through editing and other post-production techniques.
In this show’s story, real soon-to-be-married young couple Ben and Angela, who are living in Paris for their work (they work for the same company), have decided to buy an apartment as an investment. (True.) They seek the help of a property-finder, namely us. (True.) They visit several apartments within their price range that fit their parameters. (True.) There is one they fall in love with. (True.) They negotiate with the seller and purchase it. (True.) Then they renovate it top to bottom. (True.)
In tomorrow’s filming session, Ben and Angela will be guided through two apartments that fit their search criteria, but didn’t buy: two to three bedrooms, 100 square meters plus, in the Marais or Montorgueil (districts 2, 3 and 4). Of course, both apartments are no longer on the market…as this sequence is being shot months after filming their visit to the apartment they actually bought. And of course, as we visit the apartments, from room to room, w
have a cha
nce to say things we might not have said the first time around!
But, who cares? What’s important is that the process is not only possible, but absolutely doable, particularly if you have professional help along the way that leaps high over the pitfalls and lands you straight into a bed of roses.
That sounds pretty perfect…but I cannot tell a lie — there are a few scratchy thorns hiding from view. Stay tuned. I’ll keep you posted on when House Hunters will air the Ben and Angela Story!
Provided by the U.S. Embassy, France
Wealth tax (impôt de solidarité sur la fortune, ISF) is an annual tax chargeable to individuals based on the value of their property when the net value exceeds a certain amount.
I – TAXABLE PERSONS
Individuals living in France or who own property in France, and whose property’s net value exceeds €750,000 (the limit applicable in 2006) on January 1st of the year of taxation are subject to wealth tax.
Persons domiciled in France are taxable on property owned in and outside France.
Persons domiciled outside France within the meaning of French domestic law are only taxed on property owned in France.
The tax is assessed by household which consists of spouses or persons living under a common-law marriage and any minors for which they have custody.
II – ASSESSMENT BASIS
The assessment basis includes all property, rights and securities forming the property of taxable persons on 1st January of the year of taxation including developed or undeveloped land (immeubles bâtis ou non bâtis), sole proprietorships, farming businesses, furniture, financial investments, cars, aircraft, yachts, etc.
However, certain assets are fully or partly exempt, i.e. mainly business assets, sole proprietorships effectively managed by the taxpayer and interest equal to, or higher than, 25% held by the managers, literary and artistic copyrights, certain rural assets, antiques, artworks and collection items.
Moreover, the financial investments of persons not domiciled in France for tax purposes are expressly tax exempt.
The following categories are not considered as financial investments (and are therefore taxable):
– stocks in companies whose assets consist substantially of real property, i.e. shares in a company or legal entity the assets of which consist primarily of real property or real property rights located within France, in proportion to the value of such assets compared with the company’s total assets;
– holding interests representing at least 10% of the capital of a company.
As a general rule, taxable assets are valued according to the rules applicable to inheritance (normally, at market value).
III – TAX RATE
Below €750,000: 0%
€750,000 to €1,200,000: 0.55%
€1,200,000 to €2,380,000: .75%
€2,380,000 to €3,730,000: 1%
€3,730,000 to €7,140,000: 1.3%
€7,140,000 to €15,530,000: 1.65%
Above €15,530,000: 1.8%
Note: 20% deducted is from the fair market value of a principal residence that is subject to the Wealth Tax and you get a full deduction for the remaining outstanding balance of the mortgage as of January 1st.
To correctly calculate the amount of your ISF including the principal amounts, exonerated goods, evaluations and deductions, we recommend you contact a tax advisor who is well versed in the complexities of the Wealth Tax.
Editor’s Note: For further information visit the Embassy of France in the US – Taxation Office web site at http://www.ambafrance-us.org/intheus/tax/007us.asp#capital. To locate a tax and/or property advisor who can answer your specific questions on the Wealth Tax, visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/services/index.html
Practical Answers for Living in France
By Jean Taquet
September 2006 Column
“Frenchifying” a Will and a French Tax Troubles
I am American and my partner is French. We recently purchased a new apartment in Paris and therefore we need to update our PACS paperwork to reflect this, and I am also creating a will with an attorney in the US. I need to French-ify (sp?) this document. Should it be done before or after the update of the PACS?
Before answering your question, I need to explain several issues. A PACS is a rather unique institution available to heterosexual and homosexual couples, and it is a legal alternative to marriage. PACS stands for Pacte Civil de Solidarité and is a contract signed by both partners in which their life together is organized. I very often refer to the PACS itself as a sort of prenuptial agreement signed before the wedding. The main difference between a marriage and a PACS is that there is no ceremony with a PACS, just the registration of this document with the nearby Small Claims Court (Tribunal d’Instance), which makes it valid and therefore enforceable. Therefore, exactly like the prenuptial agreement, this document should not be changed when property is purchased or sold. Indeed, this type of document defines the right of ownership of both a
ssets and debts between the partners and not t
he actual list of assets and debts. A PACS can create an agreement of universal community property, a total separation of assets, or a partial community regime. Therefore the provisions of the PACS define who owns what, which legal assumption is made for which assets and debts, which ratio of ownership is used in which case and so on.
There is indeed now an urgent need now for you to decide who will be the beneficiaries of your will. You are showing great wisdom considering that you now own a valuable asset. My concern here is that if you draft an American will and then “French-ify” it, I am afraid that the document will be declared null and void by the French authorities. The first reason is that the most common French will, called an olographe is handwritten on plain paper and bears only your writing and your signature. Should it have the signatures of witnesses, it is not valid. Therefore you are much better off dealing with a French notaire in order to have it done properly. Keep in mind that a French will cannot disinherit the children or the parents of the deceased.
We lived in France from 2000 to 2003, leaving in March 2003. Before we left, we went to the Tax Office where an official figured our 2002 and 2003 income taxes. We submitted the forms and paid the taxes. Sometime in 2004, we received a notice saying we owed more money. I did not understand why and didn’t feel capable at the time of asking, so we ignored the notice. We received a few more notices, which we also did not answer. I’m feeling frustrated about this: we feel we went out of our way and assumed some financial hardship to pay in advance. What’s the best way to handle this situation? They say we owe around 300 Euros.
The organization of the French fiscal authority is quite complex and therefore needs to be explained before answering your questions. There are two totally separate branches that go all the way up to the ministry (Ministère des Finances). One is called “Le Centre des Impôts”; the amount of taxes you owe is calculated. The other one is called “Le Trésor Public”; then collect the tax money. So what I understand from your question is that just before leaving France you went to the office called “Centre des Impôts” to fill out the income tax declarations, and for each year the civil servant calculated your amount of taxes owed. Here are several possible scenarios.
The tax inspector can only give you an estimate of taxes owed and not a definitive amount due to the complexity of the calculation as well as the impact of your income tax status on the amount of lodging tax “taxe d’habitation”. Therefore, should your income be sizable enough, you may owe 300 euros more without anyone having done anything wrong per se.
Another explanation is that when the inspector made the calculation, he or she did not have access to your complete account and it could be that your account was negative and therefore no one could have caught that situation. When you went to pay the amount estimated by the tax inspector, the Trésor Public did not know about the forms you filled out and therefore, once you paid the estimated amount, your account must have had a substantial credit. It is only when the paperwork arrived from the Centre des Impôts that the Trésor Public was able to balance your account and see if you had a negative balance or not.
The final explanation is that one or maybe both offices made some errors and that you were asked to pay money that you did not owe.
To check the first scenario, look at each line of your documents and see if the amount of taxes on each line is more than the payment you made toward that specific tax for that year. If you see that small discrepancies that add up to the 300 euros, you have been asked to pay less than what you owed.
To check the second scenario, look more carefully and see if one line is missing the payment assigned to it. This would indicate that the tax inspector did not know of one or more unpaid tax bills. He only calculates the taxes he knows of. Probably this line or these lines will account for the discrepancy.
To check the third scenario, look at your bank statements and list all the payments you have made prior to the final check written before you left. Then you check the tax document and make sure that these payments have been recorded. If you do not see all of them then you have a legitimate claim to make.
Then comes the other side of the situation. Since several years have passed, part of your bill could be for late fees, interests and penalties. If this is the case, it is possible that the initial amount could have been much smaller. In this case, you make the check out for the initial amount and you write an administrative letter explaining the situation since it is almost certain that the civil servants at the Trésor Public have no idea what happened, and then ask for the extra charges to be taken away. There is no guarantee that it will work for the entire amount, but it is really worth trying.
If you feel totally overwhelmed by all this, then you could be better off paying this amount rather than trying to get professional advice. I do not see how a professional can help you successfully for 300 euros.
Jean Taquet is a French jurist and associate member of the Delaware Bar Association, specializing in civil, criminal and commercial law. He frequently gives courses about the legal system in France and regularly speaks at the Living in France Conferences in the U.S. and Paris.
He is also well known for his informative Q and A columns in past Paris Voice magazines, which can be purchased in one document as “The Insider Guide to Practical Answers for Living in France,” available at http://www.insiderparisguides.com/answers/index.html (Don’t forget, you get a discount as a subscriber!)
To subscribe to his monthly newsletter, email Jean Taquet at [email protected]
To make an appointment with Jean Taquet for his consultation services:
Phone: Cell: 06.16.81.48.07 or email [email protected]
To read this month’s column in it’s entirety, click here:
Fighting Us on the Beaches: Ryanair’s Cheap Normandy Landings Enrage Chic Deauville
Angelique Chrisafis in Deauville
Monday September 4, 2006
Direct flights from the UK stir protests from residents fearful of low-cost hordes
At the half-timbered clubhouse of a Normandy golf course, Christiane Célice looked up from her lunch and stared across the green towards the Channel. “Isn’t it beautiful?” she sighed. “Now imagine if a Boeing 737 thundered past, it would ruin the whole effect. We must fight to the end.”
From her 19th century cottage, the former antiques dealer is leading a battle against the imminent arrival of Ryanair in Deauville, the ultimate chic beach resort on the Normandy Riviera…
To read the entire story, visit: http://www.guardian.co.uk/airlines/story/0,,1864221,00.html
Next session: September 19, 2006, 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 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:
3 rooms, 51,4 m²
13 rue d’Armaillé, 75017 PARIS
Opening Bid: 330 000,00 €
Deposit: 66 000,00 €
Leaseback in France
Or How to Get Rental Returns on a Holiday Home
From GE Money Bank
The Leaseback is a long-term property investment program that has been introduced by the French government in order to develop tourism in some parts of France, where there is a shortage of short-term rental accommodations. This program offers a secure and accessible investment opportunity to property investors. With a leaseback property investment, you can combine the best of both worlds: a safe investment, that offers tax advantages with a guaranteed rental income for at least 9 years, and covers most or all of the mortgage repayments on a property that you may use for your own holiday period.
Furthermore, when you buy a property, the VAT is refunded to you which represents a 19.6% saving. You don’t even have to live and pay taxes in France to benefit from this VAT pay back.
Unlike a timeshare, you can own your property outright. It is leased back to a management company for a fixed period of 9 years that can be renewed. The management company is responsible for the upkeep and maintenance of the property including payment of utility bills and operating expenses. But as all property owners you are responsible for the property tax (however, the council tax is paid by the management company).
Upon agreement with the management company at the time of purchase, you may use your property at no extra cost during your holiday period.
You can sell the property at any time, but during the first 20 years you have to reimburse 1/20th of VAT for every year before 20 years have expired.
Purchasing and managing a property through the Leaseback program is an easy process. This makes it a very popular investment program among French resident and non-resident buyers alike.
Special Mortgage Account
The One Line & Loan Account that Helps Manage all Projects, and Finance all Dreams
The SPECIAL MORTGAGE ACCOUNT is a flexible and innovative concept in home financing, which allows a borrower to purchase a property in France, and at the same time, benefit from a personalized line of credit during the 1st phase. This line can be used at any time and for any purpose. The 2nd phase of the loan is a classical repayment mortgage program.
During the 1st phase the Special Mortgage Account combines the flexibility of a revolving line of credit with an interest-only mortgage: each month the repayment is made of interest and includes the optional borrower’s term assurance premium for the amount borrowed.
The borrower has the additional possibility to make pre-payments towards the principal at any time and as follows:
* either partially and for any amount depending on one’s own financial situation at that time.
* or can decide to set-up a fixed amount each month which will go towards
This additional repayment on top of the monthly instalment can be increased, or decreased, or even cancelled at any time on demand.
During this 1st phase, the borrower can draw any part of the capital available up to the limit set in the loan contract or already reimbursed. This provides the advantages of a revolving line of credit at a low mortgage rate of interest to finance any project.
During the 2nd phase, the SPECIAL MORTGAGE ACCOUNT is a classical repayment mortgage. At the end of the 1st phase, the borrower has the possibility to repay the outstanding capital in one lump sum. The borrower also has the option to repay the principal by fixed monthly instalments for the outstanding term.
To learn more about all of GE’s products, click here: PDF HERE
Should you require any further information or assistance, please do not hesitate to contact GE MoneyBank:
Meadda Ang, Client Manager
Adrian Leeds, Parler Paris, French Property Insider and John Howell & Co. Present the…
Living and Investing in France Conference
September 16 & 17, 2006
Sheraton Suites San Diego
San Diego, California
If you’ve always dreamed of moving to France, starting a new life in Paris, enjoying a “pied-à-terre” of your own part of the year or perhaps investing in property in France, this power-packed conference is a MUST. Hosted by Adrian Leeds, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly e-zine and John Howell, lead attorney for John Howell & Co., Law Overseas, London, these two days in San Diego will arm you with all the information you need to make it happen!
The Conference Location
Sheraton Suites San Diego
701 A Street · San Diego, California 92101
Phone: (619) 696-9800
Click here for more details and to reserve your room.
There is nothing else you can do in less time and as inexpensively to learn all you need to learn to make your dream to live in France come true than take advantage of this 2-Day power-packed conference with expert speakers from France, Europe and the U.S…
Hosted 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!…
You will learn how to…
* Obtain the Right to Be in France!
* Earn a Living in France and Start a Business!
* Buy and Own Property in France!
* Profit from the Leaseback Program, Corporate Housing in Paris (CHIP) and Other Investment Property Programs!
* Find Your Dream Apartment in Paris or Home in the Country!
* Get a Mortgage!
* Minimize Your Tax and Maximize the Benefits!
* Rent Your French Property for Profit!
* Renovate Your French Property!
* Reduce Your Currency Exchange Risk!
* Learn the Language!
* Cross the Cultural Divide!
* Plus, answer all the rest of your questions during a Q and A panel with the presenters.
You’ll have an opportunity to ask questions and learn all you’ll need to know to make your dream to live in France come true or how to take part in the profits of owning property there.
• John Howell, Europe Law Solicitors and International Attorneys
• Adrian Leeds, Editor of Parler Paris and French Property Insider
• Ruth Mastron, Co-Author of Au Contraire, Figuring Out the French and Vice-President of SoCoCo Intercultural
• Douglas Johnson, Moneycorp Currency Brokers
More to come…Get to Know the Conference Presenters…Click Here
• Coffee Breaks Mid-Morning and Mid-Afternoon
• Cocktail Reception
• Workbook and Reference Materials
• Parler Paris Canvas Tote Bag with Free Gifts from Paris
Click here for the complete full-day schedule…
Conference Celebration Dinner
8 p.m. Saturday, September 16, 2006
Optional Dinner, Open to Non-Conference Participants!
Invite Your Family and Friends!
1125 Sixth Avenue
San Diego, CA 92101
At the end of the full conference day, once we’ve had cocktails, chatted a bit and worked up big appetites, we’re going to walk just a few blocks over to Café Cerise for a sumptuous three-course gourmet dinner with our new-found friends and important contacts!
$95 per person, all inclusive three courses with wine and cof
Open to non-conference participants.
k here for more details and to reserve your place!
Earn $100 When You Refer Your Friends!
Refer your friends, as many as you like, to attend the Living and Investing in France Conference. For each one that registers at the full price of $797, you will receive $100 off your registration*!! Refer 8 friends and you will be able to attend virtually free of charge!!
FIRST PERSON CONFERENCE
Yes, sign me up NOW for the Living and Investing in France Conference in San Diego for one person at $997!
Early Bird Registrations and Subscribers of Parler Paris, French Property Insider and Clients of John Howell & Co. — Save $200! First Person Pays Only $797
SECOND PERSON CONFERENCE
Yes, add my spouse, partner or friend NOW to attend the Living and Investing in France Conference in San Diego at an additional $847!
Early Bird Registrations and Subscribers of Parler Paris, French Property Insider and Clients of John Howell & Co. — Save $200! Second Person Pays Only $647
EARN $100 WHEN YOU REFER YOUR FRIENDS!
Refer your friends, as many as you like, to attend the Living and Investing in France Conference. For each one that registers at the discounted price of $797, you will receive $100 off your registration*!! Sign Up Your Friends and Earn $100!
*A credit will appear on your credit card account from the Adrian Leeds Group, LLC, for each of your friends who regsiters with us at the conference at full price!
Welcome to France Fair
New to France or just looking to make the most of expatriate life?
At the Expatica Welcome to France fair you will get the information you need from companies and agencies specialized in expatriate services.
You’ll find information on house hunting, finding a job, immigration and permits, staying long-term, and much more.
Meet the people who make expat life great, including the top clubs and associations, travel agents and event organizations.
Welcome to France
October 15, 2006
Carrousel de Louvre
Tickets are FREE if you sign-up online before September 15th. For more information visit http://www/welcometofrance
To sign up for your FREE tickets, click here!
*** See the French Property Insider Consultation and John Howell of International Law Partnership booth number 55/56 next to the entertainment area and stay for our presentation, “Getting ready to find your dream home in France…” with John Howell and Adrian Leeds
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
NEW! Concierge Services
French Property Insider Consultation now offers a range of Concierge Services. You can trust our team of professionals to help you take care of your Paris property investment when you’re not in France. https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/concierge.html
DAY’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
NEXT MEETING: October 10, 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
HOT PROPERTY PICKS: Living In the Heart of Paris
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, 1st Arrondissement, 3 rooms, approx. 75m²
Near Tuileries Gardens and Place du Marché Saint Honoré. On the fourth floor of an old building with elevator. Includes entrance, living room, American style kitchen, bathroom, toilet, 2 bedrooms plus wood floors, fireplace.
Asking Price: 680,000€ + 2.5% Finder’s Fee
*** Paris, 1st Arrondissement,3 rooms, approx. 65m²
Between the Louvre and Palais Royal, in a 17th century building, this charming apartment has been completely renovated. Large living room with high ceilings and fireplace, fully equipped American-style kitchen, 2 bedrooms and 2 bathrooms.
Asking Price: 700,000€ + 2.5% Finder’s Fee
*** Paris, 1st Arrondissement, 5 rooms, approx. 105m²
Near Les Halles, on the fourth floor of an old building with elevator, beautiful apartment, redone by an architect. Living room, American style kitchen, 3 bedrooms on the court plus an office, 2 bathrooms, cellar, lovely view. A real coup de coeur!
Asking Price: 730,000€ + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
France, French Alps, Les Menuires
One Bedroom 33m² to 53m² €142,000 to €307,000
Two Bedrooms 50m² to 62m² &
euro;272,000 to €380,000
GUARANTEED RENTAL INCOME UP TO: 4.00%
Situated in the Savoy region, nestled within the Vanoise Mountains at an altitude of 1850m. Excellent ski area, with east and west facing slopes, outstanding amounts of sunshine and over 600km of slopes and 200 ski lifts. This vast ski domain covers an area of 1400m² with varied landscapes and lengthy slopes. You have access to four internationally renowned resorts from Les Menuires: Courchevel, Meribel, Val Thorens and La Tania.
Residence Aconit is a stone’s throw from ski lifts, shops and restaurants and après ski fun such as the swimming pool, ice rink and sports centre. The property will undergo an extensive renovation: re-rendering of the façade, renovation of the reception and communal areas. The interiors have been redesigned offering more spacious and comfortable apartments. High quality fittings have been used to equip the kitchens and bathrooms making for a very modern design. Residents will experience real village life in a warm and cosmopolitan atmosphere. In addition to the 4500m² sports and water complex, there are a range of facilities to chose from including outdoor heated swimming pools and cinemas.
Act now to take advantage of outstanding tax breaks including an immediate savings of 19.6% of the acquisition cost before tax. This investment will also guarantee you a high-quality property investment, a guaranteed indexed rental income net of costs (excluding property tax) and stress-free management — you do not have to worry about anything, be it upkeep, looking for tenants, unpaid rents and so on.
SEEKING A MORTGAGE IN FRANCE?
Let us help you secure a mortgage in France with interest rates as low as 3%. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information.
SEEKING A MORTGAGE IN FRANCE?
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2. Click on “Manage Subscription.” You’ll find it under the “Subscribers Only” section in the sidebar.
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Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]
INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS
Remember, as an FPI Subscriber you can take advantage of a special discount on the popular Insider Paris Guides, plus get an extra 15% discount when ordering two or more guides. Choose from:
* Leeds Good Value Guide to Paris Restaurants by Adrian Leeds
* Insider Guide to Practical Answers for Living in France by Jean Taquet
* Writers Insider Guide to Paris by Elizabeth Reichart
* Insider Guide to Black Paris by Melinda Herron
Just visit http://www.insiderparisguides.com. When you order, a box will pop up allowing you to enter the special FPI Subscribers discount code:
You’ll receive download instructions, then just save the guides to your computer. Happy reading!
THINGS YOU NEED TO KNOW
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Past issues of FPI are available on the website. You will find the
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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/
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PARLER PARIS APARTMENTS
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 are primarily properties in central Paris owned by our own clients and readers (investment-minded individuals) or managed by the agencies we have to come to know and trust over the years who can provide high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. These are the kinds of owners and managers you can fully trust and they, in turn, are seeking trustworthy tenants such as yourselves, to welcome to their Paris homes.
We at Parler Paris know each and every apartment owner or manager personally. In many cases, we were instrumental in the purchase of these properties and therefore, stand behind the quality of those we represent. Because we’ve been working with Anglophone clients for many years who want to live and invest in France, we understand your needs and desires 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 Provençal Studio
Heart of le Marais – Charming, sunny 1 br. sleeps 2, beautifully decorated à la Provençale.
*Leeds Marais Guest Room or Two-Bedroom Apartment
Heart of “le Marais,” “hôtel particulier” building – Modern interior, very sunny 2-bedroom sleeps up to 4.
Le Marais/Châtelet – Rue Rambuteau, central Paris, very sunny, charming, studio, sleeps 2, wonderful view of Paris rooftops
*Palais Royal Living
Palais Royal/Louvre – Rue Jean Jacques Rousseau, modern interior, very sunny, ancient building, lively neighborhood, 1 bedroom, sleeps up to 4.
Le Marais/Châtelet – Beautiful and sunny 1-bedroom, sleeps up to 3, wonderful view of Paris rooftops
St Michel/Odéon – Very cozy and sunny art-deco studio, sleeps up to 2, heart of the 6th arrondissement.
Le Marais/Châtelet – Beautiful, modern 1-bedroom, sleeps up to 4, 1st floor, oak beams.
*Le Montmartre Studio
Montmartre – Spacious and beautifully decorated, sleeps up to 3, located right behind Sacre Coeur.
*Le Florentin Studio
Le Marais – Superbly furnished 1-bedroom, sleeps 2, very sunny, overlooking romantic courtyard
Click here to e-mail us and reserve your stay in Le Florentin
Heart of le Marais – Traditional medieval-style decorated 1-bedroom, sleeps up to 4, located in historic 17th century building
*Livingstone Luxury Penthouse Condo
Montmartre – Charming penthouse 1-bedroom, sleeps up to 4, gorgeous view of Sacre Coeur, true Parisian neighborhood
*Saint-Germain-des-Prés Luxury One-Bedroom
Saint-Germain-des-Prés – Stylish and cozy 1-bedroom, sleeps up to 5, 2 bathrooms, large private garden, heart of the left bank
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 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com