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Pricing Paris Property

Volume III, Issue 27

It’s a sad day here on this side of the Atlantic…as I watch the reporting on CNN of the terrorist attacks on London, less than 24 hours after London received the news of their win of the Olympic bid for the 2012 Summer Games.

Yesterday, I wasn’t feeling sorry for them — just licking my own wounds as we walked away from Place de l’Hôtel de Ville dejected from Paris’ loss. We now see we have more important worries than the Olympic Games and the rivalry between the two cities falls by the wayside as we empathize and feel their pain.
We quickly made calls to friends in London to insure their safety — John Howell and his entire staff in Covent Garden, our co-sponsor in the Invest in France Seminar (and other Living in France Conferences) — we found them all fine and luckily unaffected. We all say a prayer for the family and friends of the victims of the bombings.
Just two days ago, the latest property prices and statistics were released by the Chambre de Notaires. No surprise, Paris is still on the rise, on the average of 14.2% over last year. Not a single district fell below an increase of 10%…so no matter where you buy, it’s tough to go wrong. The lead article tells all.
We’re gearing up for the August 10th One-Day Invest in France Seminar — it’s the perfect time of year to enjoy Paris and take just one day of your vacation to learn all you need to know to make a smart investment. For more information or to register before it’s too late, visit the site at https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/liveinfrance/IIF_AUG_2005/IIF_home.html
or email Schuyler Hoffman at [email protected]/parlerparis

Then, take a read of Jean Taquet’s Summer Q’s and A’s. He won’t be back until September — vacationing in the U.S. with family and friends — leaving us with some important advice on how to do business in France.
Living in small spaces is the norm in Paris, but not this small. This Parisian lives in a cubic meter box — while a couple of Americans we know live in a chicken coop. Have fun with this one, if not some compassion.
Losing the Olympic bid may have been a blessing in disguise, according to a CNN staffwriter — so, with the decision made, we can only look toward a different, but perhaps even brighter future. We offer you our first-hand impressions.
Paris Plage is spreading its sandy wings to other major cities across the globe this Summer. Opening July 21st here in Paris, it provides a vacation spot even to those who can’t leave the concrete jungle. And now we can proudly say “imitation is the sincerest form of flattery”…Paris is sincerely flattered. Scroll down to read all about the other Hot Urban Spots to get a good tan.
And on a final note, there’s a Leaseback property on the Ile de France (Paris’ own region) to consider plus a few properties in the districts of Paris with the highest increases in value — the 18th and the 10th. I visited the apartment overlooking the Canal Saint-Martin just this afternoon and I can attest to its virtues — impeccable, lovely, well laid-out, fabulous view of the canal and perfect location…it’s a great buy for someone who wants a long term place to live and love.
A bientôt…

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

P.S. The last Parler Paris Après Midi for the season is Tuesday, July 12th. Don’t miss it! For more information, visit htt
p://www.adrianleeds.com/parlerparis/apresmidi.html

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Volume III, Issue 27, July 7, 2005
In this issue:

* Paris Property Pricier than Ever
* The Most Important Thing You Can Do This Summer
* Jean Taquet Answers Questions About Doing Business in France
* The Smallest Apartment in Paris
* Small Goes Big Time
* Now That Paris Lost the Game
* Easy Search for Your Long Term Apartment Rental
* Spreading the Sand to Other Cities
* Leaseback News: On the Ile de France
* French Property Full Service
* Today’s Rates of Exchange by Moneycorp Currency Brokers
* Parler Paris Après Midi: July 12th
* Hot Property Picks: Where the Values Are
* Getting a Mortgage is Easier Than You Think
* Take Advantage of Your Insider Discount
* Things You Need to Know
* Classified Advertising: Mainly Monaco

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Paris Property Prices Still on the Rise
By Adrian Leeds
July 5, 2005

Hot off the Chambre de Notaires press are the results of the real estate market for the end of first quarter 2005. With 55,280 sales the first quarter of 2005 compared to 55,121 the last quarter of 2004 on the Ile de France, the market remains stable. Increases were most prominent in sales of old construction buildings, particularly in Paris plus parking garage spaces, up as much as 14.7%. All other areas of sales actually decreased slightly — individual homes, newly built apartments and land.
Between 2000 and 2005, the percentage of Parisians buying in the “banlieu” (suburbs) rose from 26% to 30% at Issy-les-Moulineaux, from 27% to 37% at Montreuil, from 7% to 10% at Versailles. This indicates that the increase in purchases in Paris are largely coming from foreign purchasers.
Paris prices rose another .3% annually from 4th quarter 2004 at 14.2% to 14.5%, with an average per square meter price of 4,745 Euros. The most expensive arrondissement continues to be the 6th with 7,284 Euros/m2 (+12,8%), followed by the 7th with 6,756 Euros/m2 (+11,9%), to the 4th at 6,594 Euros/m2 (+12,6%) ahead of the 5th at 6,393 Euros/m2 (+10,7%) and the 8th at 6,024 Euros/m2 (+10,2%), still ahead of the 1st at 5,891 Euros/m2 (+11,1%), then the 16th at 5,604 Euros/m2 (+11%).
Those arrondissements least expensive are the 19th at 3,484 Euros/m2 (+20,5%), followed by the 20th at 3,876 Euros/m2 (+ 18,2%), to the 18th at 4,046 Euros/m2 (+ 22,5%), next the 10th at 4,129 Euros/m2 (+22,8%) and the 11th at 4,465 Euros/m2 (+17,3%).
The districts with the strongest growth from 1st quarter 2004 to 1st quarter 2005 are the 10th with +22,8% (4,129 Euros/m2), the 18th with +22,5% (4,046 Euros/m2), the 19th with +20,5% (3,484 Euros/m2), the 20th with +18,2% (3,876 Euros/m2), the 9th with +18,0% (4,799 Euros/m2), the 11th with +17,3% (4,465 Euros/m2), the 13th with +15,5% (4,593 Euros/m2), the 17th with +14,7% (4,611 Euros/m2), the 6th with +12,8% (7,284 Euros/m2) and the 4th with +12,6% (6 594 Euros/m2).

 

Arr
Evolution
Price per Square Meter
1st
+ 11,1%
(5,891 Euros/m2
2nd
+ 11,4%
(5,053 Euros/m2)
3rd
+ 11,5%
(5,411 Euros/m2)
4th
+ 12,6%
(6,594
Euros/m2)
</f ont>
5th
+ 10,7%
(6,393 Euros/m2)
6th
+ 12,8%
(7,284 Euros/m2)
7th
+ 11,9%
(6,756 Euros/m2)
8th
+ 10,2%
(6,024 Euros/m2)
9th
+ 18,0%
(4,799 Euros/m2)
10th
+ 22,8%
(4,129 Euros/m2)
11th
+ 17,3%
(4,465 Euros/m2)
12th
+ 11,9%
(4,494 Euros/m2)
13th
+ 15,5%
(4,593 Euros/m2)
14th
+ 12,5%
(5,029 Euros/m2)
15th
+ 11,3%
(4,994 Euros/m2)
16th
+ 11,0%
(5,604 Euros/m2)
17th
+ 14,7%
(4,611 Euros/m2)
18th
+ 22,5%
(4,046 Euros/m2)
19th
+ 20,5%
(3,484 Euros/m2)
20th
+ 18,2%
(3,876 Euros/m2)

1985 real estate sales in Paris were at an all time high, peaking in price in the late 1980s. Sales and prices both dropped dramatically in 1991 and continued to drop remaining low for sever
al years until 1998 when both prices and sales began to rise again. Sales volumes have not yet fully recovered, but property prices have gone way beyond the levels of pre-1991 and don’t seem to want to plateau.

Keep in mind that although the growth continues, the valuations published by the Chambre de Notaires are approximately 30% to 50% less than current market valuations.
There are several factors contributing to this variance. First is timing. There is approximately a 90-day period from the time an offer is made on a property until the time of closing. Thereafter, the numbers may not be reported until up to six months to the Chambre de Notaires. Secondly is the reduction in the purchase price, which can be attributed to direct payments made to the agent to help reduce notaire fees; listing of inventory of fixed furniture such as built-ins and appliances; and under-the-table cash transactions, which are illegal but do occur. Finally, the figures are diluted as they are reported by an arrondissement in its entirety and do not account for differences by neighborhoods. For example in the 18th arrondissement, a property in the heart of Montmartre near Sacre Coeur or on Rue des Abbesses can be sold for about 6,000 euros per square meter or more, while a property near Chateau Rouge or Max Dormoy, will be listed for about 3,400 euros per square meter.
So, how does this information help you as a buyer?
The trends for particular neighborhoods is extremely important if you’re concerned about appreciation. That may not be your goal, if your property is a investment seeking to achieve high rental return, likely in areas of the city where appreciation may be lower than in others. For example, rental return is best in the 6th arrondissement, but your investment will be the highest and appreciation lower than the average. In contrast, appreciation is at an all time high in the 18th (Montmartre) where rental return is moderate, but growing, and prices still low and more affordable.
We use the Chambre de Notaire figures more to help us understand the trends to use as a guidepost when researching properties. Do not consider these figures as absolute, otherwise, you may be disappointed to find that the market valuations higher than your expectations and appreciation lower.
Editor’s Notes: For more information about property prices, contact Property Search Consultant, Yolanda Robins, at [email protected] or visit the site at http://www.paris.notaires.fr/
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The Most Important Thing You Can Do This Summer
Learn the best ways to watch your money and real estate investment grow before your very eyes…all while gazing at the world’s most famous monument over a frothy café crème.
Now’s your opportunity to take a holiday vacation in the most romantic and beautiful city in the world and set aside JUST ONE DAY of your busy schedule visiting museums and dining on foie gras to learn how to make your money double (and even triple — like mine has since I bought my Marais apartment just four short years ago).
August 10th, the first 100 individuals to register will learn from some of the finest experts in French real estate…how to make the most of the rest of their lives while building a portfolio of some of the most desirable real estate in the world.
Space is limited, so don’t delay. Take just one full power-packed day, this coming August 10th — in Paris, France.
Invest in France Seminar
August 10, 2005
Paris, France

Click here to learn how…
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/liveinfrance/IIF_AUG_2005/IIF_home.html

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Jean Taquet’s Practical Answers
July/August, 2005
Doing Business in France

https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/practicalanswers.html
QUESTION
I would like to set up a legal guardianship for my daughter, if anything were to happen to my husband and myself. I am a New Zealander, married to a French national (my husband was born Iranian, and has had French nationality for ten years now). Our daughter was born here, and has both NZ and French nationality. We would like her to be brought up in New Zealand by my relatives if anything happened to us. Under French law, what should we do to ensure this happens?

ANSWER
This rather simple question requires quite a complex answer. First of all, French law regulates wills and estates so differently from the common Anglo-Saxon system that it would almost take a book to describe the differences. I will therefore strictly focus on guardianship when both parents are dead at the same time, or just about. Under such circumstances, the French judge has the ability to completely over-rule the parents’ choice, even when it is stated in a valid will. This is possible because the judge rules in the best interest of the child (children), and this new situation could create such a different setting that the parents’ choice was not the best one anymore. The good news is that this scenario is extremely rare. The judge, indeed, tends to think that the parents knew best what is in the best interest of their children. This said, I would still strongly advise you not only to state your wishes as presented in your question, but also to explain in detail your reasons for this choice, as well as the financial arrangements set up to alleviate the financial burden it would create for your NZ relatives. So, the way to go about this so as to give your intention its best shot should be:
Step 1: Define WHY both of you want the child to go ba
ck to New Zeal
and and not stay here in France. You should list all the reasons, the reasonable ones, the personal ones, the silly ones, everything that has influenced this choice.

Step 2: Define who would be the potential guardians in New Zealand, why you chose them, how they will get the financial means to pay for this guardianship.
Step 3: Define what might be the reasons that your in-laws could put forward to attempt to overturn this decision and what your response would have been, were you alive.
Step 4: Outline how your daughter would travel to New Zealand, because in today’s world, children traveling alone mean following a pretty strict procedure called the UM procedure (i.e. Unaccompanied Minor). Specifically, who would take her to the airport and who would have the right to sign to put her on the plane?
Once you have thoroughly addressed all these issues, you should then write a French will with the help of a notaire, and leave one original with him/her so it can be implemented. I would also advise that, with the notaire’s help, you write a memo detailing any other pertinent points not covered in the will.
Keep in mind that the more sound and solid reasons you have for this decision, the more likely it is that the French judge would agree to and enforce it.
Also, at the time of your death, a “conseil de famille” (which could be translated as a “family board”), will be created, and family members of both sides should be named to it; the judge serves as the president of this board. It could happen that your husband’s relatives and family members strongly disagree with your choices and, should they be living in France, this board could then try to have the judge overrule your decision.
A lot of practical elements in your situation – the distance between New Zealand and France, the citizenship of origin of your husband, as well as the slight tendency of French judges to keep children in France – should convince you that putting all this into place will require a lot more than copying the normal sample document that the notaire has handy in the office. You should also seek information and advice from organizations that deal with multi-national families.
QUESTION
Is it possible to do a D.B.A. (“Doing Business As”) in France?
ANSWER
The “Doing Business As” status is possible in France, including for foreigners, and even allows such individuals to hold and renew an immigration status and therefore stay in France. However, I’m afraid that if I do not explain more, this could be quite misleading. D.B.A. is often mistaken for meaning self-employed. While it almost always implies this, there are many people who are self-employed and have never even considered that a D.B.A. was an option. So I will give you a few definitions. Being self-employed means that the individual runs a business alone, but this says nothing about the nature or scope of that business. In recent years, it has become more and more accepted that an individual states he/she is self-employed while doing business through a small corporation, e.g. an LLC or INC with one partner. “Doing Business As” means that the business in question has a name of its own which is not the name of the person. For example, Mr. Smith opens a bar called the “Home-run Café”. There is absolutely no way that anyone can identify who is the sole proprietor of this business by reading the name of the bar.
In French, there are two ways to translate this, depending on how the question is addressed. If one addresses the name and often the logo that goes with it, then the name in French is “l’enseigne”. If one addresses the more legal concept, then it is “le nom commercial”.
What is completely misleading is that the main difference in French law is between a professional activity (“une activité civile”), and running any other type of business (“une activité commerciale ou industrielle”).
From a legal as well as from a fiscal point of view, this distinction is the cornerstone of French law in this matter. Even though this distinction follows a rather logical principal, most Anglo-Saxons living in France really have a hard time seeing this logic, so you are much better off asking a professional of the category your business falls into. The easy ones to identify are usually activités commerciales/industrielles: retail (buy to sell), manufacturing (mass production of similar goods), and transport (of goods and people). Once you enter the concept of services, the line is a lot more difficult to follow.
There’s one last element I’d like to mention on this topic, which is important even if you do not yet have French residency or are not yet ready to open your shop or office. For a lot of reasons (and regardless of the legal status under which you choose to run your business), as an individual, you should patent your business’ name as soon as possible, once your choice is final, with the I.N.P.I. (Institut National de la Propriété Intellectuelle). This way, you have ownership of the use of the name, provided that no one else already owns it. This gives you an excellent leverage tool for the future in the case of merger, acquisition or simply partnership negotiation. Indeed, the commercial name of a business has become certainly one of its most valuable assets, and personally owning it can be very useful.
Editor’s Notes:
Jean Taquet is a French jurist and associate member of the Delaware Bar Association, specializes 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 now be purchased in one document as “The Insider Guide to Practical Answers for Living in France.”
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
qa
@jeantaquet.com

To read this month’s column in it’s entirety, click here:
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/practicalanswers.html

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The Smallest Apartment in Paris
By Adrian Leeds

FPI readers and property search clients Judy and Steve Glickman live in the smallest house in Santa Clara County. It measures 514 square feet, or 47.75 square meters — a well-proportioned two-room (one bedroom) apartment in Paris! And that’s exactly what they are hoping to find here in the City of Light. (Scroll down to read about their tiny abode in Los Gatos.)
This is, of course, not the smallest apartment in Paris by any stretch of the imagination. Until this week, the smallest apartment I had seen in Paris was Sandy Zayas’ 12 square-meter two-level “townhouse” on the Ile Saint-Louis complete with staircase (albeit narrow) to a bedroom on a mezzanine, with a compact kitchen built into an old podium and a large, spacious bath with full tub, not to mention a very healthy closet. (This apartment never ceases to amaze me — how so much was packed into so little space and be so heavenly to be in!)
Unfortunately, the story about the smallest apartment in Paris isn’t a very happy one…at least from our point of view — those of us who can afford to live in relative luxury. This apartment has an excellent address — on rue Saint-Martin directly facing the famous bistrot Le Benoit and next to The Grizzli. It has no windows, one door and measures approximately one cubic meter.
Its occupant is an elderly gentleman with a long flowing beard who rarely leaves home, as he’s busy feeding the birds with whom he’s made friends. Friends of mine who pass his abode on a regular basis call him the “man in a box” and have also witnessed him cooking, cleaning, and talking to passers-by. At night, he closes his door and we imagine, sleeps, obviously in some sort of folded position, as he is more likely almost twice the height his “apartment” is long.
On one note, we might feel a sense of guilt having so much more comfort in our own Paris homes than this particular Parisian. On the other hand, he doesn’t entirely qualify as “homeless,” since he’s made his little nest in the heart of Paris.
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Small House Goes Big Time on National HGTV Program
By Jennifer McLain
June 29, 2005
Los Gatos Times
Los Gatos, California Since 1881

Photograph by George Sakkestad
http://www.svcn.com/archives/lgwt/20050629/lgnews3.shtml

When Los Gatos Town Councilman Steve Glickman and his wife, Judy, moved from their five-bedroom house to a one-bedroom abode in September, they knew it was going to be different. What they didn’t expect, however, was that their tiny Los Gatos dwelling would attract a camera crew.
The Glickman’s home, the smallest house in Santa Clara County, will be featured on Home and Garden Television on July 3. Judy said they were contacted about two months ago by someone from the station and asked if a camera crew could film their home in a week.
“We got a kick out of the idea,” Judy said.
Judy said during that week she was finally able to get those finishing touches done around the house.
“Did I hustle around, cleaning and planting flowers before they came? Oh, yeah,” she said.
As promised, a cameraman and interviewer showed up at their doorstep a week later. She said they spent about eight hours in their home, filming the kitchen, living room and neighborhood.
“It didn’t take them too long because there’s not much to see,” she said.
Judy said they also focused on a chicken theme, appropriate for a house that was originally a chicken coop for a neighboring house before it was turned into a cottage in the 1920s. The Glickmans also have a rooster theme at their house, and their neighbors have a pet chicken.
The 514-square-foot house, located on a 956-square-foot lot, was renovated after a 1996 fire that severely damaged the house.
Los Gatos architect Gary Schloh redesigned the house, using whatever tricks possible to make the home appear bigger than it was. He found room for a hot-water heater, double-deck washer and dryer and a walk in closet.
The house also boasts hand-painted cabinets, granite counters in the kitchen, vaulted ceilings and a deck, and is up to modern building codes.
Judy said she and her husband moved there because they wanted to be closer to downtown.
“We traded space for location. It’s just the two of us and our cats,” she said.
She’s excited their home will be on television, but is also a bit nervous.
“You’re never sure how you will look on television,” she said.
Editor’s Note: Clients of FPI have an opportunity to be featured on HGTV! If you are just beginning your process to move to France and wish to be considered as a candidate for an HGTV program, please contact Lynda Sydney at [email protected].
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After the Vote
By Adrian Leeds
</f ont>

The anticipation grew very intense as we stood among the crowd of hundreds — perhaps more than a thousand — people on the Parvis in front of the Hôtel de Ville watching the big screens, among them hundreds of press taking shots of the crowd’s reaction.
We listened and watched intently. One by one the cities dropped out of the race. First Moscow. Then New York. Then Madrid. The tension began to build. The clouds overhead became ominous. There was a strange calm before the storm.
We joked…”If we lose, the rain will come down along with our tears. If we win, the clouds will blow over exposing rays of sunshine.”
Three opera singers performed ear-piercing notes that shattered our senses. The tension continued to build. Then, at 1:48 p.m., the young Singapore woman bearing the secret envelope entered the stage and handed it to the ceremony host. The French flags were flying. Everyone was smiling, chanting…”Pa-ris! Pa-ris! Pa-ris!”
At that moment, when he said the word “Lon-don,” silence fell upon the crowd. We all looked at one another in disbelief. “No, that’s not really what he said,” we thought. But it was. Rival city, London, took what we felt was rightfully ours. Had M. Chirac’s insulting words about British cuisine been to blame for the negative vote?, we wondered.
In the press yesterday and today are a series of articles on why any city would want to take on the potential ills leftover by the Olympic games. On CNN.com, Money Staff Writer Gordon T. Anderson wrote an article titled “Hey, N.Y., look at the bright side…Why do cities want to host a competition where out-of-control costs are the rule?” (http://money.cnn.com/2005/07/05/news/international/olympics/index.htm). “Why do cities want to host a competition where out-of-control costs are the rule?” “For all the attention a city gets from hosting an Olympiad, the reality is that the glory is fleeting. The Games last for two weeks. The bills can last for two decades — or longer.”
‘Course, there is much truth in what he writes, and now that we’ve lost, perhaps it makes me feel better, too. The French said that hosting would allow Paris “to renovate and modernize, initiate and sustain new behaviors, open up to new architectural, urban, sporting, economic and social ways of thinking.”
I believe they’ll do all that, even WITHOUT the Olympic Games.
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Paris Plage and Other Big City Beaches
By Lynda Sydney

If you’ve visited Paris the last few summers, chances are you’ve enjoyed the “fun in the sun” of Paris Plage. Since 2001, tons of sand have been transported to the heart of the city, transforming the banks of the Seine into a urban beach bash. Floating night clubs, outdoor music festivals, sand castle building and activities such as skating, a climbing wall and trampoline attract sun worshipers, sports enthusiasts, picnickers and partyers alike. Just sit back in your beach chair, close your eyes and you can almost hear the gentle surf, rather than the din of busy Parisian streets.
This year Paris Plage is making a big splash with a Brazilian theme. Come out for the dance parties in July, take a samba lesson, listen to open-air Brazilian music, and sample delicious Brazilian cocktails at one of the beach bars. It’s sure to be a hit!
You can grab your sunscreen and catch some rays between July 21 and August 20, daily from 7 a.m. to midnight.
While Parisians are enjoying their day at the beach, other European cities are also creating the same beach holiday atmosphere. Here are a few.
AMSTERDAM
Head to the banks of the Ij lake, just behind the Central Station and you’ll find a stretch of beach. A tradition since 2003, it’s called “Blijburg” or “Happy Village.”
BERLIN
Travel along the banks of the Spree River and you’ll find a number of beachy locations, complete with palm trees and deck chairs. One of the features is the Spree Bridge Bathing Ship, a container ship floating in the river that holds a heated swimming pool.
BRUSSELS
The beach in Brussels, found along the Quai des Peniches, is called the Brussels Spa. You can enjoy your day in the sun between July 22 and August 21, enjoying activities such as beach volleyball and outdoor concerts.
BUDAPEST
Waltz along the Danube this July and you’ll enjoy the shade of palm trees and sand beneath your feet. “Budapest Plage” is planned for the entire month of July, but traffic complaints from last year have sent the sand to the other side of the river this summer.
ROME
When you just
ca
n’t visit another cathedral, check out “Tiber Village” on the banks of the Tiber River. The beach boasts swimming pools, lounge chairs, with sand and faux grass. It’s open now until September 17.

Even if you can’t head to the sunny south this summer, you can still enjoy a lazy, hazy day at the beach…without ever leaving the city.
Editor’s Note: Lynda Sydney is the new Assistant Director of French Property Insider and Parler Paris. Welcome Lynda! She can be reached at :[email protected]
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LEASEBACK NEWS FROM IMOINVEST
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/sales/leasebacks/lb_list.php
LES ULIS
France, Paris/Ile de France, Les Ulis

NEW LISTING
One Bedroom 29m² to 32m² Euros 112,000 to Euros 125,000
Two Bedrooms 60m² to 61m² Euros 234,000 to Euros 248,000

LEASEBACK PROPERTY
GUARANTEED RENTAL INCOME UP TO: 5.50%
THE SOUTHWEST OF PARIS, 5 MINUTES FROM COMMERCIAL CENTER
Located only 400 meters from the Courtaboeuf business center, 300 meters from the magnificent Lys Garden and within direct proximity to the Jean-Marc Salinier Stadium. Constructed after the French Government’s urbanization plans of the 1960’s, Les Ulis is situated 30km southwest of Paris spread out over 50 hectares of rolling green parks, beautiful forests and impressive lakes. It is conveniently located only 30 minutes by train from Paris and 15km from the Orly International Airport. The unforgettably green countryside of Hurepoix starts where Les Ulis finishes, offering beautiful chateaux and castles to visit.
Enjoy the picturesque and rural character of this area as well as the innovative features: modern architecture, over 18 underground pedestrian passages, cultural and cinematic centers, tennis courts, indoor and outdoor swimming pools, gymnasiums and stadiums showcasing various events. Reputed universities, laboratories of research and commercial centers make for an exciting atmosphere. Thriving and intellectual, the area welcomes over 15,000 visitors per day. Reporting an approximate 14.5% price increase in 2003, Les Ulis offers high guaranteed rental income and promising investment potential.
Residence Les Ulis is perfectly situated around a private garden-patio offering a spacious and comfortable living area. Manicured grounds and the fresh green parks of the area make for the perfect setting. The residence captures the modernity and high quality of the area while at the same time respecting the natural settings of the region. With fully equipped and furnished one to two bedroom apartments, 24-hour reception, fitness center, air conditioning, internet and satellite television.
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FPI 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!
Let our experienced relocation expert help 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.
Solution #1: Property Consultation and Search Services
Solution #2: Purchase Assistance
Solution #3: Getting a Mortgage in France
Solution #4: Property Appraisal Service
Solution #5: The “Après Vente”
To book your services, click here:
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/booking.html

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TODAY’S CURRENCY UPDATE

Visit the FPI Web site and click on the link on the left panel “Click Here for Currency Convertor by Moneycorp Global Money Services” 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: July 12, 2004 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: Canal Saint Martin and Sacre Coeur
***Paris, 10th Arrondissement, 3 rooms, approx. 71m²
On the Canal Saint Martin with a view of the lock. A charming apartment in perfect condition on the fourth floor of a beautiful old building with elevator. The dining room and living room are on the canal, with the bedroom, kitchen and bathroom on the court. Parquet floors, mouldings, fireplace, and western exposure.
Asking Price: 530,000 Euros + 2.5% Finder’s Fee
 

 
 
 
 
 
 
 
***Paris, 18th Arrondissement, 4 rooms, approx. 73m²
Near métro Abbesses, this duplex is on the ground and second floors – it’s like a small house! Features a sunny courtyard with greenery. Living room, two bedrooms, American kitchen, bathroom, toilet and cellar. With parquet floors and fireplace. Must be seen.
Asking Price: 640,000 Euros + 2.5% Finder’s Fee
 
 

 
 
 
 
 
 
***Paris, 18th Arrondissement, 4 rooms, 101m²
In Montmartre, this renovated duplex is on the top floor of an old building, offering spectacular views of Sacre Coeur and all of Paris. Features a double living room, kitchen, two bedrooms, bathroom and 15m² terrace. Central heating, southern exposure.
Asking Price: 1,035,000 Euros + 2.5% Finder’s Fee
 
 

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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.

RECOMMENDED LENDERS
Abbey National
David Anderson, Mortgage Advisor
[email protected]

Banque Patrimoine et Immobilier
Stéphane Denner,
ExPatriate & No Resident Service
[email protected]

Barclays
Contact Yolanda Robins
[email protected]

Entenial
Contact Yolanda Robins
[email protected]

GE Money Bank
Contact Yolanda Robins
[email protected]

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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/password

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

Username: propertyinsider Password: liveinfrance

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

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

======= CLASSIFIED ADVERTISING ======

==APARTMENT RENTAL==

Monte Carlo Seaside — a dream view of Monaco and the sea!
Located at the french border of the principality of Monaco in Roquebrune Cap Martin — this big one bedroom flat of 600 square-feet with a terrace can easily accommodate one couple + one extra adult on a convertible sofa. Fully equiped kitchen, marble bathroom, private cark park, security doors, pure silence, fresh sea breeze, direct access to the quiet private beach at 200 meters, 5 minutes to Monte Carlo train station or bus stop, easy access from Nice international airport and Monte Carlo train station.
Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/rentals/pfmontecarlo.html for lots more beautiful photos and to book your stay contact FPI_Monte-Carlo and ask for the French Property Insider Special Offer.

==APARTMENT RENTALS==

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

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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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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 2005, Adrian Leeds Group, LLC

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