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Temple Temptations

Volume V, Issue 39

Saint-Remy-de-Provence
Saint-Remy-de-Provence

Today we’re focused on the word “Temple”…

1) Rue du Temple, where a New York reader of FPI is buying a two-room apartment to match his Manhattan apartment. Both he and I are learning how purchasing property in Paris is both similar and different to buying property in New York City.
2) The Carreau du Temple, an ancient iron structure in the 3rd arrondissement that’s about to undergo a facelift and make some major changes in the immediate vicinity.
3) Boulevard du Temple, where Chez Jenny is located and where we will be meeting for our 19th Living and Investing in France Real Estate Conference on October 13th. (There is still time to register!)
All this is where the Knights Templars existed centuries ago and what makes this part of the Marais so historically important, plus a valuable real estate investment.
Today we also bring you important information on how the transaction costs of purchasing property in France compare with other countries and what you can expect to pay, as well as a footnote from CNN Money about the Subprime market.
There’s quite a lot to digest, so sit back, pour yourself a glass of good French red wine and read on.
A Bientôt,

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

P.S. Don’t miss next week’s Parler Paris Après Midi on Tuesday afternoon (visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html for details). If you’re thinking of attending the Living and Investing in France Real Estate Conference on Saturday, October 13th, don’t forget we’re offering $100 off your property search if you attend so don’t waste another moment registering…and on Sunday, October 14th, you can find us at the “I’m Not a Tourist” Expatica.com Fair at booth 92/93 near the speaker’s stand.
================================
Volume V, Issue 39, October 4, 2007

In this issue:

* New Column: Adrian Addresses Your Property Purchase Questions
* Translating Property Documents
* Restoring the Carreau du Temple
* Where to Buy — Paris or New York?
* Highest Housing Costs in OECD
* French Property Purchase Process
* BNP Paribas on U.S. Currency Crisis
* The Fractional Ownership Solution
* Living and Investing in France Conference, October 13, 2007, Paris, France
* Expatica Welcome to France Fair, October 14, 2007
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: October 9, 2007
* Hot Property Picks: Temple Temptations
* On the Auction Block: October 23, 2007 at 1:30 p.m.
* Leasebacks: Domaine de Cramphore, France, Atlantic Coast, Le Pouliguen
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire

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NEW WEEKLY COLUMN: “Ask Adrian’s Advice”
Regularly we receive interesting questions from readers whose answers would be of use and information to all the readers. Today, for the first time, we bring you a new weekly column where you, the readers, have an opportunity to ask Adrian anything related to investing in Paris and France real estate, lifestyle and living in France issues.
We cannot answer all requests, but will choose those questions which have pertinence to the most readers. Your question will remain anonymous. Please direct your questions of 100 words or less to: :[email protected]
QUESTION
How can an American become part of the national healthcare system in France? Would we need to own property or could we rent? Would we need to live in France for a certain period of time?
ADRIAN’S ADVICE
An American, as an foreigner, can become a part of the national healthcare system by first becoming legally resident in France and sec
ond, paying social se
curity taxes.

Owning or renting property does not necessarily qualify an individual, but proof of a physical habitation address is required in order to have legal residence, e.g. a utility bill in your name.
Legal residence cannot be obtained for stays of less than 90 days.
My advice is first to question why you want to be part of the national healthcare system when private health insurance is not only inexpensive and easily obtainable, but can be much less expensive than the social security taxes topped off with a “mutuelle” policy that provides full coverage — the national healthcare system only provides partial coverage. If you are denied private health insurance because of pre-existing conditions or other reasons, for example, then these are certainly valid reasons for wanting to be a part of the French healthcare system which cannot deny anyone healthcare regardless of their current state of health.
For more information, I highly recommend consulting an immigration specialist and/or insurance broker. The professionals I recommend are:
IMMIGRATION
Ann Cary Dana
Cabinet d’avocats – Karl Waheed
34, rue Henri Chevreau
75020 Paris
Phone: +33 (0)1 43 66 94 27
Fax: +33 (0)1 43 66 94 28
Email: [email protected]

INSURANCE
Advantage Insurance Associates
Sylvie Labastire
17 rue de Chateaudun
75009 Paris
Tel: 01 44 63 53 82
Fax: 01 44 63 52 66
Email: [email protected]

Thanks for you question. Until next week…
Adrian
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Help! I Don’t Understand the Sales Documents!
By Adrian Leeds

When first seeking out a Notaire to process the purchase of my Marais apartment, I was sent to a Notaire that dealt with English-speaking clients. He estimate his fees to be several thousand euros above the standard Notaire fees to allow for the translation of the primary documents — the “Promesse de Vente” or “Compromis de Vente” and the “Acte de Vente.” I opted out and opted into working with a Notaire who spoke English but charged nothing additional for his services. This did not include a formal translation, but did include his service to ensure that I understood exactly what I was signing — his duty as a Notaire.
These documents must be drafted in French to be valid under French law and the use of a foreign language is illegal. Notaires that translate the agreements for their clients, usually charge large fees or you can hire a translation service. At about 10 euros cents a word, a 30-page document can become pretty pricey — about 1500 euros.
But do you really need it?
Only if your comfort level demands it. Otherwise, if you’re working with a consultation service such as ours or a Notaire that speaks English, then both are morally obligated to ensure that you understand all the key points, your rights and exactly to what you are committing yourself.
What is most important is that you can trust the professionals with which you are working to feel confident you can purchase the property and losing no sleep over the process.
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A Facelift for the Carreau du Temple
By Lynda Sydney

On September 6, 2007, the architect to lead the restoration of the Carreau du Temple in Paris’ 3rd arrondissement was selected. Jean-François Milou of Studio Milou Architecture was chosen by a jury of fifteen people representing the Mairie of the 3rd, the world of architecture, and experts from the Patrimoine et d’Architecture of the City of Paris.
This part of the district is drenched with history. In Thirza Vallois’ “Around and About Paris, Volume I,” the founding fathers of the 3rd, the Knights Templars, are described in great detail. “The Temple was the birthplace of fancy goods and fashion accessories, for the first time available to the masses. Its inhabitants could clear their surplus goods at its annual fair, which Napoleon turned into a permanent market, consisting of four wooden pavilions bearing derisively pompous names.” Later in her book, she goes on…”Little is left of the “Marché du Temple” (erroneously called the Carreau du Temple: the Carreau was the space between the Temple and the market, where peddlers traded with the Temple’s inhabitants), just one iron structure north of the Mairie. Following the example of Les Halles, Napoleon III replaced the four wooden pavilions with six iron ones, all the way to rue du Temple.”
The contest to design the new and improved Carreau du Temple was launched at the end of November 2006. In February 2007, a pre-selection was made and five agencies were invited to develop a complete proposal for the restoration of this large market space. The Studio Milou was chosen for three main reasons: their idea to create a multi-use space as voted on by the inhabitants of the 3rd arrondissement (see https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/issues/pparis16-1-04.html), their respect for the history of the building, the very original idea to make the ground floor of the market a visible space, as well as the daring choice to replace the external brick walls by transparent surfaces.
The restoration project includes the creation of:
* a unique and inviting space in w
hich a mix of groups can meet, * an area for cultural, economic and sporting events,
* a space to organize and host a variety of special events,
* a place to welcome scholars, specialized groups and associations.

The Carreau is a space of approximately 3,940m² and will be enlarged to 5,500m² by the recuperation of currently unused space and by the creation of a basement dedicated to specific activities such as sports and music.
The restoration will give the Carreau back to the people of the 3rd arrondissement, a historically popular building that was previously bustling with activities. This is why the Mairie decided to engage in such an ambitious project, seeing it as absolutely necessary for the district.
Finally, the restoration will give the district a central location, attracting people from outside of the 3rd arrondissement to this area. From a real estate perspective, owning property adjacent to the Carreau du Temple would make an excellent investment considering these future plans.

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New York or Paris? Or Both?
Excerpt from Parler Paris…
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/
Wednesday, October 3, 2007

I’m learning a bit about New York real estate these days — and learning that it can be a lot different from real estate in the rest of the U.S., but isn’t a whole lot different from Paris.
No, there are no plans to move to New York (and leave Paris!?), but once my New York-based daughter started looking at rental apartments in Manhattan (after living in Brooklyn the last few years), the astronomical rents got us thinking about buying instead.
Let’s face it, why pay someone else’s mortgage when you can pay into your own and have a valuable asset to show for it? Real estate is a tough investment to beat, especially when the ‘location, location, location’ is ‘right, right, right.’
From the other side, we work with lots of New Yorkers looking for their perfect “pied-à-terre” in Paris. Manhattanites tell me they ‘will not do rivers,’ but they will ‘do oceans’ — meaning they will be quicker to hop a plane to Paris than a train to Brooklyn. It’s an old joke, but so often true.
Erica started scouting out locations in New York and decided the West Village fit her European sensibility with it’s cozy little tree-lined streets, steps and stoops and not-so-tall brick buildings. The streets are of “off the grid” — or set on an angle to the other streets in Manhattan in 18th-century style, parallel or vertical to the Hudson River, created long before the Commissioners’ Plan of 1811. Known for being “Little Bohemia,” since the early 20th-century, the “hood” has been the center of the bohemian lifestyle. It’s as close to Le Marais as one might get in the Big Apple. We can relate.
I had always been told there is no Multiple Listing Service for New York City, just as there is none in France, yet I discovered several agencies and publications that try to mimic it. This certainly means finding properties can be as ardent a task as it is in Paris, and you can’t depend on one agent to act as a consultant.
One little studio Erica visited was part of a “co-op.” In New York City, 85% of all apartments available for purchase (and almost 100% of pre-war apartments) are in co-operative buildings. In Paris, I don’t know the percentage, but I’d venture a guess to say it’s much, much higher. The homeowner’s association of a Paris apartment is called a “copropriété” — not very different from the English equivalent word, “co-operative.”
You don’t actually own your apartment in a New York co-op, but instead, own shares of a corporation that owns the building, the shares determined by the size of the apartment compared to the others in the building. Monthly maintenance fees cover building expenses including heat, hot water, insurance, staff salaries, and real estate taxes.
This is true for a property in Paris, too, but there is one huge difference. With a New York co-op, all prospective purchasers must be approved by the Board of Directors and the approval process can be time-consuming and rigorous, requiring extensive information regarding finances, employment, and personal background. “Even celebrities have been turned down by some selective New York co-op boards.” It is also harder to sub-lease a co-op as each building has its own rules, but many limit or forbid subletting.
A copropriété in Paris has no rights to make decisions on who owns or not in the building. When you purchase a Paris apartment, you risk the kinds of neighbors to which you must contend, but prior to the purchase, you have the right to review the association meeting notes to learn how and on what the owners have voted. From this you can decipher a lot.
Like in Paris, Manhattan real estate brokers are not allowed to draw up contracts. An attorney or title company must be employed to do “due diligence.” In France, it’s the “Notaire” who is appointed for this process. The down payment at the time of contract is the same — 10% of the selling price, held in the sellers attorney’s (or Notaire’s) escrow account until closing. Once the preliminary contract is signed, the formal mortgage application can be submitted to lenders.
All this is pretty routine for Parisians, with the exception of the approval power of the Board, who will want to conduct an interview on top of knowing every detail about your private and financial life! The process until closing takes about the same amount of time — 60 to 90 days, that is if you ‘cut the mustard’ for your soon-to-be New York neighbors.
We are working with one Manhattanite who just yesterday made an offer at asking price on a M
arais pied-&ag
rave;-terre. The seller is morally obligated to accept asking price, eliminating bidding wars so common in the U.S. I’ll bet he finds the process easier than in New York, and a whole lot less expensive on all counts!…price per square foot/meter (even at today’s rate of exchange), lower monthly maintenance fees (much!), lower taxes (much!)…and the ability to sublet if he likes, making it a perfect rental to let someone else pay the mortgage!

So, what would you do? Would you want to own in New York or Paris…or both?
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Housing Transaction Costs in the OECD
By: Prince Christian Cruz, Senior Economist
http://www.globalpropertyguide.com/
The problem of high transaction costs
People are increasingly buying property outside their own countries. The buy-to-let craze has gone international, and Britons and others are buying in Bulgaria, Turkey and Morocco, hoping to repeat the small fortunes they’ve built at home on rising property prices.
Yet there’s a thorn in the flesh – the high costs of buying and selling residential property abroad (the transaction cost), and this has received surprisingly little attention from the financial press and from real estate agents. For property investors, these costs are a significant negative factor. In some OECD countries, such as South Korea, Belgium, Italy, these transaction costs are unnecessarily high.
A curiosity is also highlighted – the fact that French legal origin countries, on average, have significantly higher transaction costs (14.2% of property value) than countries with German legal systems (11.9%), or Socialist (7.4%), English (6.5%), or Scandinavian (5.2%) legal origins.

High transaction costs
In OECD countries, roundtrip transaction costs are generally below 10%. This is a reasonable amount to pay in taxes and expenses in the buying and selling process, though it should be noted that in some countries, the total is only 3%.
However there are some countries with transaction costs which are really unnecessarily high. South Korea has the highest housing transaction cost in the OECD, at 22% of the property’s value in Seoul.
Transaction costs in Belgium, Italy, France, Luxembourg and Greece exceed 15% of the property’s value.
On the other hand, total costs for purchasing a house in Slovakia, Iceland and Denmark are around 3% or less.
Transaction costs are typically between 5% and 7% in the UK, Norway, New Zealand, Switzerland, Australia, Sweden, Poland, Ireland, and Canada…
Editor’s Note: To read the article in its entirety and view all charts, click here: http://www.globalpropertyguide.com/articleread.php?article_id=95&cid=
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France: Buying Guide
http://www.globalpropertyguide.com/

How high are realtors’ and lawyers’ fees in France? What about other property purchase costs?
How difficult is the property purchase process in France?
There are no restrictions on foreign ownership. Most property is likely to be freehold. Apartments are likely to be held in two forms of freehold: co-ownership (which has meetings of co-owners, with votes taken and accounts kept), and volumes, adapted mostly for mixed-use developments. There are also leaseholds, for up to 99 years.

Once the parties have agreed on the price and what the sale relates to, the parties will be required to sign a preliminary agreement:
1. The preliminary agreement usually takes the form of (in the North) an option (promesse unilatérale de vente), with a 5% to 10% penalty if the option is not exercised, usually secured by a deposit held by the notaire. If the seller withdraws, the buyer cannot sue for specific performance, only damages, unless the option has actually been exercised. To be valid, the option must either be notarized, or registered within ten days. In the South, a sale and purchase agreement is more common (promesse synallagmatique de vente), i.e., an agreement which allows the other party to sue for specific performance if the other defaults, with conditions precedent.
2. There is a 7-day cooling-off period, in which the buyer can change his mind.
3. This is the best time to instruct a structural survey.
4. If a mortgage is being sought, the compromise de vente must contain a clause confirming that mortgage financing is being sought, then, if the mortgage is declined, the purchaser will not lose his deposit.
5. Once preliminary contracts have been exchanged, there are pre-completion searches: land registry searches, local authority searches, planning permission searches, etc. If the dwelling has been sold by a “property professional” or is less than ten years old, the seller has a statutory liability to all future owners within the ten year period for defects.
6. On completion, the purchaser and vendor sign the Acte authentique de vente at the Notaire’s office. The notaire will see that the account is settled, will accept his fee, and land registry fees, if they are not included in the notaire’s fees.
Notaires often act as estate agents, and are likely to be less expensive than immobiliers.
It ta
kes an average of 1
93 days to complete all the 10 procedures needed to register a property in France…

Editor’s Note: To read the article in its entirety and view all charts, click here:
http://www.globalpropertyguide.com/country.php?id=68&cat=5

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BNP Paribas Says Exposure to US Sub-prime Market is Below 100 Million Euros
From CNNMoney.com

BNP Paribas said its risk exposure to the US sub-prime crisis is below 100 million euros “including warehousing, collateralized debt obligations, structured repos, conduits…”
The information was contained in a presentation by CEO Baudouin Prot to the Merrill Lynch banking and insurance conference in London.
The French banking group said its 52% of the loan portfolio of its US bank, BancWest, is for property, against 62% for competitors…
To read the entire article visit http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-19994473.htm
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The “Fractional Ownership” Solution…
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation

Le Jardin Saint-Paul
Rue Ferdinand Duval, 4th Arrondissement, Le Marais
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/

To take a video tour of this gorgeous property, visit http://www.parishomeshares.net/jspvideos.html

 
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Soon to Come

Editor’s Note: We will be discussing Fractional Ownership at the upcoming Living and Investing in France Real Estate Conference October 13th but by then it may be too late to take advantage of this opportunity. If you’re interested in learning more about Paris Home Shares upcoming projects, call or write Steve Navaro: +1-303-793-0900, email [email protected]
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Living and Investing in France Real Estate Conference!
October 13, 2007 at Chez Jenny, Paris

BONUS! Receive a $100 coupon toward your Property Search Fee if you attend the conference and $150 if you and your partner attend!
If you’ve always dreamed of owning your own “pied-à-terre” in Paris or home in the Provinces of France, perhaps as a future retirement home or for now as investment property rented part of the year…this power-packed one-day conference is a MUST.
Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, this one day in Paris will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.
For more information and to register, visit: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_Paris_Oct_2007/index.html
Or email Schuyler Hoffman at [email protected]
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I AM NOT A TOURIST
Expatica.com Welcome to France Fair
October 14th, 2007
Carrousel de Louvre, Paris
http://www.expatica.com/welcometofrance/

New to France or looking to make the most of expatriate life?
Get the information you need from companies and agencies specialized in expatriate services, from banks, investment firms and insurance companies to schools and tax agencies. 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 sports teams.
Explore the expatriate life and your ambitions – higher education, career opportunities, your own business, travel and lifestyle possibilities. Every year, thousands of international managers and employees arrive in France. The I AM NOT A TOURIST Fair answers the 101 questions you have about living here, in a unique environment where you can meet the right people face to face.
News: Expatica is proud to announce that Sir Peter Westmacott, the newly arrived British Ambassador to France, will be on hand to give the opening ceremony a
t the Fair. We are thrilled
to have Sir Westmacott participate in our event and thank the British Embassy for their continued support.

Adrian Leeds Group, LLC and John Howell & Co will be at Booth 92/93 — be sure to come by and visit us!
To order your FREE tickets, click here: http://www.expatica.com/welcometofrance/ticket_signup.asp
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Property Consultation, Search and Relocation Solutions
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation

Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/fpibrochure.pdf

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TODAY’S CURRENCY UPDATE

Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.

Compare currency values easily and quickly by visiting:
https://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html

Charts
http://www.Moneycorp.co.uk/members/charts.asp
The charts below are updated every ten seconds.

The prices shown are “inter bank” exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
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Parler Paris Après Midi
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is October 9, 2007, and every second Tuesday of the month.
 
 
 
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HOT PROPERTY PICKS: Temple Temptations
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, 3rd Arrondissement, 3 rooms, approx. 60m²
Near metros Temple and Arts et Métiers on the first floor this apartment has been completely renovated. Living room, fully equipped kitchen with all new equipment, 2 bedrooms, bathroom with shower and toilet, hardwood floors and beams.
Asking Price: 408,000 € + 2.5% Finder’s Fee

*** Paris, 3rd Arrondissement, 3 rooms, approx. 82m²
Rue de Temple,
in a beautiful 17th century building on the second floor with a view on the courtyard and street. Completely renovated, with high ceilings and beams. Large living room, American-style kitchen, 2 bedrooms, one on a landing, bathroom and shower, toilet.

Asking Price: 695,000 € + 2.5% Finder’s Fee
 

*** Paris, 3rd Arrondissement, 5 rooms, approx. 172m²
Beautiful apartment, completely renovated with contemporary style. Located near Temple, Lots of space, quite on a large southern facing courtyard. Private entrance on main floor. Large living room, fully equipped open kitchen, 3 bedrooms, 2 bathrooms. 2 parking spaces in the courtyard.
Asking Price: 1,450,000 € + 2.5% Finder’s Fee

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Paris Auctions
http://www.encheres-Paris.com

Next Sessions: October 23, 2007 at 1:30 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/members/content/articles/auctions1.html

Paris Auctions Studio 27,60 m²
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 70 000,00 €
Deposit: 14 000,00 €
Paris Auctions 2 rooms 50,85 m² rented
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 180,000€
Deposit: 36,000€
Paris Auctions 2 rooms 36,40 m² rented
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 135,000€
Deposit: 27,000€
Paris Auctions 3 rooms 49,06 m²
27 rue Oudry
75013 PARIS 13th
Opening Bid: 228,000€
Deposit: 45,600€
Paris Auctions Studio 18,39 m² rented
27 rue Oudry
75013 PARIS 13th
Opening Bid: 100,500€
Deposit: 20,100€
Paris Auctions 2 rooms 37,95 m² rented
27 rue Oudry
75013 PARIS 13th
Opening Bid: 172,500€
Deposit: 34,500€
Paris Auctions Studio 39,9 m²
22 avenue d’Eylau
75016 PARIS 16th
Opening Bid: 140,000€
Deposit: 28,000€
Paris Auctions Studio 33,5 m²
8/10 rue de la Bûcherie
75005 PARIS 5th
Opening Bid: 190,000€
Deposit: 38,000€
 
Stu
dio 16,21 m²
158 rue du Faubourg Saint Denis
75010 PARIS 10th
Opening Bid: 26,000€
Deposit: 5,200€

 

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LEASEBACK NEWS FROM IMOINVEST
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/sales/leasebacks/lb_list.php
DOMAINE DE CRAMPHORE
France, Atlantic Coast, Le Pouliguen

Studio 28m² to 29m² €157,000 to €173,000
One Bedroom 29m² to 45m² €170,000 to €303,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 3.50%

AUTHENTIC BORGEOIS STYLE HOUSES
Pouliguen is a seaside resort, famous for its beaches and walkways on the coast of the Guerande Peninsula, just five kilometres from the fashionable resort of La Baule. Situated on the Domaine de Cramphore Estate, discover this inviting residence comprising 69 apartments among which 48 apartments and 45 underground car-parks will be commercialized.
A semi-circular 3-storey residence, renovated, comprising authentic bourgeois style houses from the turn of the century: Residence facilities include fully equipped separate kitchens, fitness room, sauna, bubble bath, 2-hectare estate with flowered gardens, hundred year-old pine tree forest, swimming pool with paddling pool and underground parking garage. The facility also features renovated apartments and common areas, renewed and repainted façades, stone façades and slate roofs, bright and spacious interiors and terrace or loggias
This is a property with stays allowing owners the opportunity to vacation within their property for up to 8 weeks per year for a reduced rental return. Owners may also exchange their weeks to be used in other residences serviced by the same management company. That’s 15-20% off the public rate in any residence found throughout Europe! This affords investors the freedom of vacationing where and when they want.

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SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Let us help you secure a mortgage in France at a competitive interest rate. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information or contact [email protected]
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Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?
It’s easy…
1. Go to https://adrianleeds.com/frenchproperty/insider
2. Click on “Manage Subscription.” You’ll find it under the “Subscribers Only” section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to “Manage Your Account” and click on “Change Password/Edit Profile”
5. Once you’ve made the changes, scroll down to the bottom of the page and click on “Save Profile.”
Simple!
Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]
================================
We wanted better guides.
So we wrote them.

Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code “ED762.” This promotion code gives you 10% off your total
order.

3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.

Here is the special “coupon” Web link just for you:
http://www.insiderparisguides.com/offer/fpi_offer.htm

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

THINGS YOU NEED TO KNOW

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

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

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

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

HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to: http://www.onlineconversion.com/

==== CLASSIFIED ADVERTISING ===

PARLER PARIS APARTMENTS
https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments
Email: [email protected]/parlerparis

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the “seal of approval” from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
Parler Paris ApartmentsLe Penthouse Voltaire
American comfort with French flair! Overlooking Boulevards Richard Lenoir and Voltaire, in the 11th Arrondissement. This three-bedroom, two-bath luxury penthouse with wrap-around balconies and spectacular views, sleeps 6.
Reserve now! Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments/rentals/voltaire.html
or email: [email protected]

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

SUBSCRIBE TO PARLER PARIS

If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis

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

Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com

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