Pushing Paris Prices Up River
Volume IV, Issue 17
May Day is around the corner (Labor Day in France), the flowers are in full bloom and Spring finally sprang.
Today’s French Property Insider focuses on the latest property price reports for Paris and the Ile de France which came out very recently for all of 2005. Once again, property is booming. Be sure read and take note…the dollar is decreasing in value and predictions for it plummeting further are in the news. This means that purchasing property will get more expensive, but owning it increases its value in dollar terms.
Simple math: buy now.
Sunday afternoon, I strolled almost the entire length of the Canal Saint-Martin and once again, I found this part of Paris to be a paradise. With property increasing in value 15% per year and the average per square meter 4,534 euros (although along the canal the prices will be higher), this is a great bargain for long term Paris living. Rentals may be weak, however, except mid to long term, and spaces are mostly contemporary, many with balconies.
Scroll down to see our pick of Paradise Paris properties on the water — the Canal Saint-Martin.
On a very special note, FPI is privy to a very particular property which is available exclusively through us…a studio apartment near the Eiffel Tower that has a history of successful rental. Don’t miss this opportunity to get in on a non-risk investment!
More awaits you, including the upcoming auction properties, a Leaseback in Montpellier, tourism and price information about the Ile de France and a word about how the French are revolting against the British market…all in today’s issue.
Editor, French Property Insider
Email: [email protected]
P.S. Registrations are flowing in and many of you are happily coming to New Orleans for the Living and Investing in France Round Table May 27th! To learn more and make your reservation to join us, for the Round Table and/or for Dinner at Tujague’s, click here
Volume IV, Issue 17, April 27, 2006
In this issue:
* No Sign of Slowdown for Paris Property Prices
* Progress vs. Preservation in Dijon
* All About the Ile-de-France
* Prices on the Rise in Paris Region
* An Afternoon with Adrian in New Orleans, May 27, 2006
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: May 9, 2006
* Hot Property Picks: Living On the Water…Canal Saint Martin
* Leasebacks: Grand Angle, France, Mediterranean Coast, Montpellier
* FPI Exclusive: Property for Sale Near the Eiffel Tower
* On the Auction Block: May 9 and 16, 2006
* Classified Advertising: Parler Paris Apartments
Paris Property Prices Still Going Strong
As reported by the Chambre de Notaires, Paris
4th Quarter 2005
By Adrian Leeds
(More Price Charts at End of Article)
At the end of 2005, Paris had shown an average price increase of 14% for the entire year, compared to 14.7% the previous year, with some “arrondissements” (districts) appreciating as much as 18.5% (18th) and as low as 6% (6th). Prices continue on the upward movement, while we continue to hear predictions of the “bubble bursting.” Sorry folks, we just don’t see it happening…at least not for now.
Arrondissements showing the largest gain are in the northeast part of Paris — the 18th (18.5%), 19th (16.7%) and 20th (18.1%) and prices are still the lowest in these same districts — 4,547 euros/m2 in the 18th, 3,989 euros/m2 in the 19th and 4,388 euros/m2 in the 20th. So, if you
‘re interested in a return on inv
estment, these are the districts to consider plunking down your hard-earned bucks. Some parts of each of these districts are extremely desirable to live in, but short term rental, only parts of the 18th we know as “Montmartre” can be counted on for a relatively good rental return. (And there’s nothing wrong with living on the top of the hill with a view of Paris at your feet!)
Districts with the lowest appreciation are some of Paris’ most expensive neighborhoods. The 6th (Saint-Germain-des-Prés) with the highest per square meter average of 7,412 euros only appreciated 6%. This plateau trend has been evident the last year or so. While rental properties here are non-risk, the cost of entry has gotten so high as to no longer be a value proposition. Le Marais, which has been on a skyrocketing upward movement for the last several years is showing slow downs with an increase of only 8.4% in both the 3rd and 4th (6,987 euros/m2 and 5,780 euros/m2 respectively). Again, we’re seeing these districts begin to plateau much like the 6th.
One to watch is the 7th (Eiffel Tower). As Paris’ second most expensive neighborhood, it showed gains of 14%. Couple that with a view of the Eiffel Tower and you’ll have a winning property.
Buyers today are younger than ever and 92% of the sales are still by the French. The population of Paris is increasing as there are more smaller apartments sold for smaller households. Interest rates have risen in the last six months, property prices have increased well above salaries, so volume of sales is down, but only slightly and with these factors comes the prediction that the market will continue to slow down.
The dollar is decreasing in value and predictions for it plummeting further are in the news. This means that purchasing property will get more expensive, but owning it increases its value in dollar terms.
Simple math: buy now.
When visiting properties, remember a few important factors that help retain their values and keep them on an upward climb. Old and historic properties are always more highly valued than new with no intrinsic value. The districts with some of the oldest streets or remnants of Paris’ past will never go out of style. Views are valuable assets, as are balconies and gardens, as well as fireplaces and lots of light. For apartments above the 2nd floor, an elevator can make or break the value, the rentability and resale capability. Green space nearby and access to transportation as well as commercial amenities will add big plusses.
Also, 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 7,500 euros per square meter or more, while a property near Chateau Rouge or Max Dormoy, will be listed for about 4,500 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 an 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 10th (Canal St. Martin, Gare de l’Est and Gare du Nord) where rental return is poor, but property is 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 are higher than your expectations and appreciation is lower.
Whenever our team of Property Search Consultants put together a portfolio of properties to visit, market comparables are analyzed to insure the buyer is paying a low or fair price for the property.
For more information about property prices, visit the Chambre de Notaire site at http://www.paris.notaires.fr/ or contact [email protected]
To download the full report, click here
French Revolt over Hotel Les Rosbifs
Matthew Campbell, La Bussière-sur-Ouche
Pursuing the French idyll has involved an extraordinary struggle for the Cummings family. Since arriving from Britain a year ago, they have been locked in bitter conflict with locals over the ancient abbey they have converted into a luxury hotel.
Nestling in a Burgundy valley, the setting of L’Abbaye de la Bussière, which opened for business on April 8 after extensive renovations, could hardly be more tranquil.
Yet fierce passions have been stirred in this picturesque corner of France by suggestions that the British are “stealing” part of the national heritage.
“There are people who are trying to mess things up for us,” said Clive Cummings, 36, who described the local resistance as “guerrilla warfare”. “They are trying everything.”
Starting a business in France is never straightforward. The battle over the property has made it that much harder for Cummings. After leaping through the usual bureaucratic hoops, Cummings, who runs La Bussière with his wife Tanith, has seen the hotel dragged into a series of lawsuits by Dominic Jouffroy, an architect who orchestrates a “Save La Bussière” campaign from his office in Dijon.
Jouffroy contends that the Archbishop of Dijon had no right to sell the former Cistercian abbey since it had been donated to the church almost a century ago by the family that owned it. He was revolted by the idea of a “spiritual” place being turned into a hotel but denied being motivated by anti-British sentiment. Some of his supporters feel differently.
From Brittany in the west to Provence in the south, there have been complaints of an “invasion” of British buyers forcing up property prices. The newcomers are praised for repopulating the empty French countryside and restoring houses nobody else wants but are resented in some parts for pricing first-time buyers out of the market.
“The English already own most of Dordogne. Have we gone back to the age of Eleanor of Aquitaine?” said Patrick Deborde, a local farmer, referring to the 12th-century period in which much of western France fell under English rule.
“Why are we letting our cultural heritage fall into the hands of foreigners? Chateaux, vineyards and now abbeys — it’s shameful.”
Another “save La Bussière” campaigner said on the group’s web site that the goal should be to “drive les rosbifs from the Ouche valley.”
The church has called for calm, saying there was nothing illegal about the sale. Any hope of overturning it was a “fantasy,” said Roland Minnerath, the archbishop of Dijon, who used to live in the abbey.
He added that the property had been a drain on resources and that the church had been lucky to find the Cummingses, who live in the abbey with their four children.
Cummings, whose family has invested £3.4 million in the project, hired nine people previously employed by the archbishop at the abbey. The restoration also provided months of employment for local craftsmen who uncovered original friezes and exquisite stone carvings. The Cummingses have won praise in the community as well for restoring the parkland and lake, from which they removed 250 tons of silt and rubbish.
None of this seemed to impress Jouffroy. Funded by donations, he has lodged numerous complaints and a separate case has been brought against the regional authority for authorizing the sale. It means that Cummings’ intray is packed with thick envelopes: “All of them from lawyers,” he chuckles.
One bone of contention is the glass lift Cummings wants to install in the abbey. Another battle is raging over the abbey’s old wine press which, according to Jouffroy, needs protection as a national treasure.
Cummings believes his opponents are fighting the battle in cyberspace too: visitors looking for information about the abbey often find themselves being directed to another web site advertising the “Save la Bussière” campaign. “We have our suspicions about that,” said Cummings.
The enemy has also tried full-scale invasion. On Easter Sunday, 200 visitors gathered in the grounds of the abbey, which used to be open to the public, and held picnics in defiance of a sign saying: “Private, hotel guests only”. There were so many cars that the electric gate mechanism broke down.
“People seem to feel they have the right to wander in and walk around as they please,” said Cummings. “I’ve seen a man come in here and graze his three horses.”
He has decided that a charm offensive is the best response and, for the time being, at least, will not try to keep people out. Far from it. He is planning an “open day” when “every door will be unlocked for people to come and see that we are not destroying the place as some say”. He is not sure, however, if he is ready, just yet, to invite Jouffroy round to tea.
Getting to Know the Ile-de-France
From Maison de la France
The Ile-de-France region radiates a multi-faceted charm. From the Chevreuse or Essonne valleys and their picturesque villages, to the inviting forests of Rambouillet and Fontainebleau, the Ile-de-France is a natural paradise.
To help visitors find their way around, the Paris Ile-de-France Regional Tourist Board provides a free “welcome card”. This pocket size card contains a huge amount of tourist information (French/English)including a Metro map, telephone numbers of Tourist Offices, services for visitors and more.
Paris is the engine of the dynamic Ile-de-France. Like all the world’s greatest capitals, Paris lives at a fast pace, by day and night, and especially at rush hour. It is divided into 20 arrondissements that spiral out like a snail shell from the first, centered round the Louvre. With its hist
ory and ar
chitectural heritage, Paris is living, moving, and evolving every day.
The Hauts-de-Seine is the crescent-shaped area to the west of Paris and is, at one and the same time, a mirror that reflects the national economy and a land of woodlands and gardens in which history and nature are intermingled. From La Défense, Europe’s leading business centre with its Grande Arche, to the restful calm of the Vallée-aux-Loups where Chateaubriand sought refuge, Hauts-de-Seine is a region of never-ending contrasts. The Seine is the link between the industrial north and the south, in which one can easily imagine oneself to be far from the noise and bustle of the capital — and yet, never very far. The métro and the RER, trains, buses and trams criss-cross the region in all directions. Neither is one ever far from the river to which the department owes its name and which winds its way through the region, leaving here and there a number of carefully preserved islands. The Hauts-de-Seine is fast becoming a tourist destination. More than forty attractions will inspire visitors to travel the local roads, enjoy the riversides and walk our footpaths. There are 160 hotels ready to provide visitors with the very best in amenities and comfort. This gold, blue and green crescent to the west of Paris is now a key destination for visitors, and offers the warmest of welcomes.
Visitors are invited to explore the many attractions of the Seine-et-Marne, the greenest department of the Ile-de-France, ideally situated close to the international airports of Roissy and Orly and served by the A4, A5 and A6 motorways. A great start off to the adventure would be at Disneyland Resort Paris and its two amusement parks. But there are also many opportunities to relive France’s colorful history, such as at the medieval town of Provins, a UNESCO World Heritage Site, where visitors can travel back in time to the world of knights in armour, guilds and merchants. Another stop might be Blandy-les-Tours, the last fortified castle in the Ile-de-France, or the Episcopal town of Meaux, a treasure of art and Gothic architecture. Of course there is also the Château de Fontainebleau, which for 800 years was a residence of French sovereigns, and the 17th century Château de Vaux-le-Vicomte, the inspiration for Versailles. The department is also famous for its artists’ villages, such as Barbizon, home to the Auberge Ganne museum, home to countless landscape painters such as Corot, Millet and Rousseau; and the medieval town of Moret-sur-Loing, forever associated with the Impressionist Alfred Sisley. There are 334,000 acres of forest and 1,243 miles of waterways for nature lovers and outdoor enthusiasts to enjoy hiking and horseback riding, rock-climbing, mountain biking and canoeing, renting a little tourist barges, not to mention a host of leisure centers and golf courses. There are fabulous historical pageants at Meaux and Moret-sur-Loing and numerous jazz and classical music festivals devoted to the likes of Django Reinhardt and François Couperin. There is a wide choice of quality accommodations for weekend breaks or longer stays, including hotels, tourist residences, self-catering cottages and B&Bs, all in the heart of the country but still right next door to Paris.
Little more than a stone’s throw from the heart of the capital, Northeastern Paris, otherwise known as the Seine Saint-Denis department, offers a wide diversity both of natural, historical and architectural treasures and of facilities for business events of all kinds. Indeed, the area is home to attractions of international standing such as the Cathedral Basilica of Royale Saint-Denis, the famous Flea Markets Puces de Paris – Saint-Ouen, the Air and Space Museum, the Stade de France®, and just inside the Périphérique, La Villette with its Parc and Grande Halle, the Cité de la Musique, the Géode and the Cité des Sciences et de l’Industrie. A range of museums complement these tourist attractions, notably the Saint-Denis Museum of Art and History and the Bouilhet-Christofle Museum in which the prestigious gold- and silversmiths present some 3,500 objets d’art. Also, in an assortment of renowned venues, music, dance and drama feature and promote new talent, established stars and Festivals of classical, jazz and African music, film festivals, sporting events and popular festivities are also on the bill. But North-Eastern Paris is especially renowned for its hosting of the greatest sporting occasions, such as the 1998 Football World Cup, the 2003 World Athletics Championships and, in 2007, the coming Rugby World Cup.
Yvelines is a department to the west of Paris that covers 888 square miles with 262 communes and a population of about 13,500. Eighty percent of its surface area consists of protected open countryside. With the undulating and wooded landscapes of the Hurepoix, the 8,160 acres of the Forest of Rambouillet, the Versailles plain and of course the Regional Nature Parks of the Upper Chevreuse Valley and the French Vexin, Yvelines is rightly regarded as the “green lung” of the region. It is also a land in which water is very much in evidence, with almost 435 miles of rivers and streams, quite apart from the mighty Seine. Its road, motorway and rail networks, its private airfields and its navigable waterways provide easy access to the department from Paris and other regions. Apart from being in agricultural terms the second most important department in France, the economic dynamism of Yvelines can also be seen in the dramatic growth of high technology industries and the service sector. Industry and commerce account for more than 17,000 businesses and employ more than 300,000 personnel in three major concentrations: the Seine valley, the industrial zone of Vélizy-Villacoublay and the new town of Saint-Quentin-en-Yvelines, chosen as sites for new plants by companies such as Bull, Thomson and Matra. Car production, represented by Renault and Peugot, the Aérospatiale plant at Les Mureaux, prestige brands such as Grand Marnier Liqueurs and Rochas Perfumes have also elected to set up in Yvelines. With a secure foothold in the 21st century, Yvelines in nonetheless mindful of its prestigious past and conserves the precious natural, architectural, cultural and artistic heritage of that past. It is not by chance that it has become a tourist destination of the first rank.
Price Growth in the Paris Region, Ile-de-France
By Adrian Leeds
There are three parts made up of the Ile de France: Paris, the Petite Couronne (the suburbs directly adjacent to Paris) and the Grand Couronne (outside the suburbs, the departmen
ts which make
up the rest of the region).
Fourth quarter showed gains of 1.2% in the Petite Couronne are in comparison to 5.8% the previous quarter and for all of 2005, 15.9% compared to 16.1% in 2004. As you can see, most of the slow down has occurred in the last quarter of the year — the trend we are seeing take shape both in Paris and its surrounding suburbs on the Ile de France. It is also not unusual that those areas showing the most growth, like Paris, are mostly those areas with the lowest prices — they have more room and potential to gain.
In the Grande Couronne, the same trend appears, with an increase of 2.2% the 4th quarter compared to 5.25% the previous quarter and an overall average for 2005 of 16.6% compared to 18% the previous year.
Parisians have been selling out and moving to the suburbs where they can have more space for their money and property more affordable — an average home of four rooms costing 262,720 euros. At Paris prices, that budget buys only 50 square meters, the average size of a one-bedroom apartment.
Parler Paris, French Property Insider and John Howell & Co. Present the …
Living and Investing in France
Round Table — An Afternoon with Adrian Leeds
May 27, 2006, 2:30 p.m. to 6:30 p.m.
at Historic Tujague’s
823 Decatur Street
If you’ve ever dreamed of moving to France, creating a new life in Paris, purchasing a “pied-à-terre” of your own or perhaps investing in other property in France, this power-packed afternoon with Adrian Leeds is a MUST.
New Orleans is Adrian Leeds’ Home Town
New Orleans has a heritage that dates back to the Spaniards who settled there, to the French who turned it into the country’s most cultured and fun-filled city and to all the others who followed and added a profound texture of culture and spirit. Before Hurricane Katrina struck, it was one of the most visited U.S. cities and is still host to such important events as the Mardi Gras and the Jazz Festival. New Orleans is also one of the only U.S. cities that can claim centuries of history not to mention the greatest food, music and art.
The Round Table
Round Table and Discussion will be led by Adrian Leeds, Editor of Parler Paris and French Property Insider, Director of French Property Consultation, author of the Leeds Good Value Guide to Paris Restaurants and co-coordinator of the Parler Parlor French-English Conversation Group!…
There is nothing else you can do in less time and as inexpensively to learn the important facts you need to know to get you on the right road and in the right direction for a successful investment and life in France!
Adrian will give you a brief overview and introduction to each the following topics:
* Obtaining the Right to Be in France!
* Buying and Owning Property in France!
* Profiting from the Leaseback Program, Corporate Housing in Paris (CHIP) and Other Investment Property Programs
* How to Rent Your French Property for Profit!
* Finding Your Dream Apartment in Paris or Home in the Country!
* Getting a Mortgage!
* Minimize Your Tax and Maximize the Benefits!
* Reducing Your Currency Exchange Risk!
* Crossing the Cultural Divide!
* Plus, you’ll get answers to all of your questions during a Q and A session…an opportunity to ask questions particular to your situation and receive answers you need to make your dream to live in France come true and how to invest in property there profitably.
The Round Table Location and Dinner (Open to Everyone!)
The Second Oldest Restaurant in New Orleans!
823 Decatur Street, New Orleans
Located in the heart of the French Quarter, facing the historic French Market, Tujague’s has retained its reputation for providing an unforgettable dining experience in the original Creole tradition. Tujague’s has been a favorite for over 143 years, entertaining and satisfying the appetites of delightfully robust patrons to the French Quarter.
You’ll think you’ve stepped back in time when you see the ancient mirror which graced a Paris bistro for ninety years before making its journey to New Orleans, or when you run your fingers across the famous cypress bar which splendidly survived prohibition. When you enter the restaurant and smell the aroma you’ll be enjoying the same sensations as did brunch guests to Madame Begue’s “petite déjeuner” all those years ago, as Tujague’s serves-up those same famous dishes today!
The original Creole tradition of hand selecting fresh produce purchased daily from the open French Quarter market also continues today, ensuring cuisine of the finest possible quality. Sit back, relax and enjoy course after famous course of traditional New Orleans dishes and drinks!
May 27, 2006 Round Table
2 p.m.: Registration
2:30 p.m. to 6:30 p.m.: Round Table with Adrian Leeds
7:00 p.m.: Optional Dinner at Tujague’
Dinner is Open to Conference Participants, Their Guests and Everyone Who Would Like to Join Us!
Round Table Also Includes
* Coffee Break Mid Afternoon
* Canvas Tote Bag with Free Gifts from Paris
* Reference Materials
Dinner at Tujague’s Includes
• Shrimp Remoulade
• Louisiana Gumbo
• House Specialty Brisket of Beef with Tujague’s Special Creole Sauce
• Choice of Main Course: Fish, Meat, Chicken
• Banana Bread Pudding
• Wine and Coffee
Round Table and Dinner Fees
1st Person Round Table Only $147
1st Person Round Table with Full Cocktail and Dinner $197
Add a Spouse, Partner or Friend!
Two People Round Table Only $267
Two People Round Table with Full Cocktail and Dinner $367
Dinner for your friends or
anyone who would like to join us! $67
Round Table: Cancellations received on or before April 30, 2006, will receive a full refund, less a $50 processing fee. From May 1 – 15, 2006 a refund of 50% per person will be given, less a $50 processing fee. After May 15, 2006, the round table Round Table fee is non-refundable. Please call, fax, or email our offices immediately to avoid any unnecessary charges if you are unable to attend. If you cancel due to medical reasons that are covered by your purchased travel-insurance policy, we will advise the insurance company that your travel and conference or seminar fees are non-refundable. Any refunds issued by the insurance company will negate any credit due.
Protect Your Investment: We strongly suggest you protect your investment by purchasing trip-cancellation insurance. We are happy to recommend a policy to you. Please visit http://cruiseorairtravel.com/travel_insurance/insurance.htm for more information or contact Maria Maher at Agora Travel, [email protected].
Don’t miss it. Visit the site for more information at
Round Table — An Afternoon with Adrian Leeds
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TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp 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 n
ot the rates that you will be offer
ed 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: May 9, 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 On the Water…Canal Saint Martin
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, 10th Arrondissement, 4 rooms, approx. 82m²
Full of charm, this apartment is on the third floor, with a large living room, American kitchen, 3 bedrooms, bathroom, separate toilet.
Asking Price: 483,000 Euros + 2.5% Finder’s Fee
*** Paris, 10th Arrondissement, 4 rooms, approx. 94m²
Canal Saint Martin in a stone and brick building, this renovated apartment on the third floor with elevator, is in good condition. With wood floors, fireplace, engaging view, quiet and bright with a southwest exposure. It has a large living room, separate, fully equipped kitchen, 2 bedrooms, bathroom, separate toilet, cellar.
Asking Price: 785,000 + 2.5% Finder’s Fee
*** Paris 10th Arrondissement, 4 rooms, 165m²
Superb loft on the first floor of a beautiful apartment, 100m from Canal Saint Martin. A great layout and welcoming space full of charm with 2 bedrooms and an American kitchen.
Asking Price: 950,000 Euros + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
France, Mediterranean Coast, Montpellier
Studio 23m² to 23m² Euros 80,000
One Bedroom 32m² to 33m² Euros 114,000 to Euros 115,000
GUARANTEED RENTAL INCOME UP TO: 4.80%
THE SECRET IS OUT IN MONTPELLIER!
Ideally located only 15 minutes from the beach, Montpellier is currently one of the largest student towns in France with 3 prominent universities. It is Languedoc-Roussillon’s, most important city, with over 228,000 inhabitants of which 60,000 are students. As the capital of this thriving region, Montpellier boasts a 1,000 year old history as the 2nd oldest place of medical learning in the world. Now a capital of arts, culture and technology, it is the favourite university city in the south of France.
This property is situated next to the impressive town hall in the heart of the modern part of Montpellier. Only a 10 minute walk to the old town shopping centre and minutes from the riverside quays. Close to the ultra modern tram which runs through the city making it accessib
le and easy to travel around. Disco
ver a thriving commercial centre with shops and cafes, a popular place for students and businessmen alike. Serviced by one of the largest management groups in France and sold with a lease contract guaranteeing income for a minimum of 9 years.
With capital growth in this area one of the strongest in France, interest in this development is guaranteed to be very high. Easily accessible from most of Europe, Montpellier has an airport which is serviced from both Stanstead and Heathrow many times a day. The airport is located 20 minutes outside the city centre and is easy to get to and from. By car, the Cote d’Azur is 3 hours away, as is Barcelona. There are direct flights from Ireland and TGV train access in the city centre with direct service into Paris.
An Exclusive Property Offered by French Property Insider Near the Eiffel Tower!
This charming studio apartment was renovated and designed as a short term rental apartment and has been successfully achieving high rental returns since it was first launched. This is your opportunity to purchase a “turnkey” property that has a history of success and provides you with a personal home away from home when you’re here in Paris.
It is located in the heart of Paris, in the 7th arrondissement on the Left Bank. This is unquestionably one of the most sought after neighborhoods of Paris. Monuments such as the Invalides, Eiffel Tower and Rodin Museum are a few minutes walk away; there are more open markets in this arrondissement than any other in Paris. And the apartment is surrounded by restaurants, shops, cafés and open markets. The famous rue Cler market street is two blocks away!
The apartment is small but darling: 155 square feet and newly remodeled with every comfort and convenience. The rental price is less than any hotels in the neighborhood with the added benefit of a kitchen, comfortable sofa, separate queen-sized bed and even a washing machine!
Walk through the quiet courtyard and up a short flight of stairs (no elevator) to the apartment located on the first floor (second floor American). Open the door to a small entryway with newly remodeled bathroom straight ahead, studio to your left and utility cupboard to our right.
The living room is a study in efficiency: pale closets line the entire wall on the left for plenty of storage: hanging, shelves, drawers and even shelves for shoes. A desk with fast adsl computer line is to the left of the cupboards; great for catching up on your emails or working. The comfortable beige sofa is directly in front of you, high quality and excellent for relaxing at the end of a long day of sightseeing and shopping. There is plenty of lighting — there are up lights and two halogen lamps on either side of the sofa for easy reading.
An armchair in pale colors sits in the corner and doubles as a desk chair.
On your right find a small round table with two chairs upholstered in navy blue for dining together. The table sits in front of the windows which are large provide good light. It overlooks the quiet inner courtyard, meaning you can get a good night’s sleep.
The small kitchen is perfectly designed with pale cabinets and counter lighting. There is an under the counter refrigerator with small freezer compartment, a combination microwave/convection oven so you can either microwave or bake, a large sink and dual burner induction stove. We had a special cutting board installed to provide extra work space over the burners so you can easily prepare meals.
There is a flat screen TV with dual standard DVD player, so you can bring over your favorite American movies for your stay. A stereo means you can also bring over your favorite cd music. Hook up your computer to the fast adsl line and you are home!
The piece de resistance of our apartment is the bed: we invested in a top of the line queen-sized bed which operates with a patented pulley system from the tall ceiling. It pushes up to the ceiling with a touch of a finger in the morning and slides down at night when you are ready for bed. Nothing could be easier and this bed truly transforms studio living. No more sagging double sofa beds or uncomfortable futons — a real queen-sized bed for a great night’s sleep.
The bathroom has just been remodeled in white tiles and features a shower with both fixed and flexible shower heads by Hansgrohe, the top of the line from Germany, a sink, toilet and plenty of cupboard space. There is a hairdryer so you don’t have to bring one and plenty of towels and linens.
The utility closet has also been utilized to the last inch, providing extra storage and a narrow washing machine by Miele, the best you can buy.
This part of the 7th arrondissement is one of the best in Paris for shops, restaurants and fantastic food stores. Guests love the fact that they are staying in the center of Paris and can experience life as the Parisians do. Bakery, fruit/vegetable shop, butcher, cheese shop, small supermarket are all on our block. Rue Cler is 2 blocks away and is famous for its food market; cheese shops, fishmongers, bakeries, fresh fruits/vegetable shops, patisseries and bakeries. The busiest day is Sunday, where families line up at their
avorite shops to buy the ingredients, select cheeses and desserts for their traditional Sunday lunch, even ordering their Camembert and St. Felicien to the correct ripeness. Three other open markets are minutes away. The Champ de Mars park is 5 minutes walk; great for running, picnics, biking, basketball and enjoying the Eiffel Tower. Shopping, Restaurants, Museums, Sightseeing, Running, Walks Picnics, Park, Playgrounds are all nearby.
This small studio is completely charming and makes a delightful home for one or two people in Paris. The value is tremendous as it is located in one of the best and safest neighborhoods in Paris — and costs less than any hotel room in the neighborhood.
Serious buyers only: For more information and to inquire price, contact [email protected]
Next sessions: May 9, 2006, 1:30 p.m. and May 16, 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 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:
May 9, 2006
|2 rooms 38,05 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 86,350 Euros
Deposit: 16,900 Euros
|2 rooms 36,60 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 68,760 Euros
Deposit: 13,000 Euros
|2 rooms 40 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 29,500 Euros
Deposit: 16,900 Euros
|3 rooms 38,35 m² rented
10 rue Bisson
75020 PARIS 20th
Opening Bid: 42,185 Euros
Deposit: 13,000 Euros
|2 rooms 45,09 m²
26 rue Saint Guillaume
75007 PARIS 7th
Opening Bid: 276,000 Euros
Deposit: 55,200 Euros
|5 rooms 124,7 m²
62 bis rue des Belles Feuilles
75016 PARIS 16th
Opening Bid: 530,000 Euros
Deposit: 106,000 Euros
|Chambre de service 14,7 m²
62 bis rue des Belles Feuilles
75016 PARIS 16th
Opening Bid: 35,000 Euros
Deposit: 10,000 Euros
|<2 rooms 55,7 m² + parking rented
11 rue Cimarosa
75016 PARIS 16th
Opening Bid: 255,000 Euros
Deposit: 51,000 Euros
May 16, 2006
|3 rooms 70,90 m² + terrace 134 m²
1 square Racan
75016 PARIS 16th
Opening Bid: 408,380 Euros
Deposit: 81,676 Euros
|3 rooms 76,50 m²
118 boulevard Suchet
75016 PARIS 16th
Opening Bid: 291,470 Euros Deposit: 58,294 Euros
|3 rooms 73,80 m² + terrace 166 m²
92 boulevard Suchet
75016 PARIS 16th
Opening Bid: 372,940 Euros
Deposit: 74,588 Euros
| 3 rooms 74,90 m²
108 boulevard Suchet
75016 PARIS 16th
Opening Bid: 310,080 Euros
Deposit: 62,016 Euros
|3 rooms 37,90 m²
10 rue Bisson
75020 PARIS 20th
Opening Bid: 72,010 Euros
Deposit: 17,550 Euros
| Studio 18,19 m²
17 rue d’Alésia
75014 PARIS 14th
Opening Bid: 65,000 Euros
Deposit: 13,000 Euros
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