Toasting to Champagne Terrain
Volume V, Issue 50
This is the last issue of the year for French Property Insider, and soon we will be celebrating five years of issues from our first publication on Thursday, February 13, 2003.
In that first issue, we featured the city of Troyes in the heart of the Champagne region. Perfectly fitting to toast the New Year, we focus today’s FPI on the bubbly and the region from which it comes. See Schuyler Hoffman’s article reprinted today from that very first issue.
In special honor of this fertile and beautiful region, we are also taking a longer look at purchasing raw land available for home building — something possibly many of you have considered as an alternative to finding an existing property. Be sure to read all about the region, its special drink that New Year’s Eve wouldn’t be the same without and the plots of land we’ve chosen for you to think about calling your own.
Coming January 6th, Mary Fort with Banque Patrimoine et Immobilier will be with us for a special FPI Conference Call on the subject of “Beating the Decline of the American Dollar.” Mary is going to teach us how to take advantage of their special programs to outsmart the rate of exchange so that it is no longer a detriment to purchasing property in France, in euro value. Do not miss it! Scroll down for more information and to reserve your place to participate. It’s FREE for all FPI subscribers.
There’s more in store for you within these pages…so until next year, a Bientôt and Happy New Year!
Editor, French Property Insider
Email: [email protected]
P.S. Mary Fort will also be with us in Miami for the Living and Investing in France Real Estate Conference February 16-17, 2008, so if you haven’t already registered, don’t hesitate to do so! You’ll find all the information you need in this issue and at the Web site: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_Miami_AF_Feb_2008/index.html
Volume V, Issue 50, December 27, 2007
In this issue:
* Buy a Euro Property, Save Your US Dollars
* Flexible Loan Products from BPI
* FREE FPI Conference Call January 8, 2008!
* Troyes: The Heart of Champagne Country
* Bubbly, Sparkling Champagne
* New Builds Growing in France
* Tips on Building Your French Home
* Who is Buying French Property?
* The France Show, January 18-20, 2008, London Olympia
* Own Your Own Piece of France!
* Living and Investing in France Conference, February 16-17, 2008, Miami
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: January 8, 2008
* Hot Property Picks: The Land of Champagne
* Leasebacks: Hauts de Cocraud, France, Atlantic Coast, La Flotte
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire
Beating the Decline of the American Dollar
Reprint from French Property Insider
November 8, 2007
Over a scrumptious lunch at Café Guitry, we learned how to beat what seems like the decline of the American Empire…the weakening dollar.
The elegantly decorated restaurant in red velours, adorned in photos of French celebrities, is situated in the lower level of the Théâtre Edouard VII, named in honor of Sacha Guitry, the French film actor, director, screenwriter and playwright. John Rule, our staff Mortgage and Rental Manager, and I were the guests of Mary Fort and Stéphane Denner, the two people who were responsible for my personal good fortune to not only own a family apartment in Paris, but a rental studio apartment called “Le Provençal” and a “Viager” (life annuity) apartment with a terrace overlooking rue de Saintonge that closed on the title deed just a few weeks ago.
In the time I’ve know them both, Mary moved up the ladder as the Director of the International Department of Banque Patrimoine et Immobilier (BPI) as well as did Stéphane, Expatriate and Non-Resident Service Manag
er, a short time after ou
r first encounter in 2000. The lender was known as “Woolwich” then, one of the very few British banks offering loans to non-residents. It was a relief at the time that they were willing to take the risk to lend me money to buy the apartment, while their competitor, “Abbey National,” refused me. They’ve taken a special place in my heart ever since.
Over the years, many other lenders have discovered the non-resident market and competition has gotten fierce. It drives the resourceful ones to becoming ever more creative in their approach to the ever burgeoning and changing foreign buyers market. We’re working with five other lenders (much to their chagrin), but the competition is healthy.
This year is a bigger challenge than ever as Paris property has steadily increased in value and the euro has gained so much strength against the dollar. Those who have dreamed of owning a “pied-à-terre” in Paris have seen their dreams wan as the stretch to make it a reality lengthens like an old piece of chewing gum.
Lots of new loan products have been added to the line-up since coming in contact with that first application for a mortgage in France, which was a standard variable rate with a static monthly payment and a term that lengthens and shortens with the disparity. Now there are every sort of configuration of fixed rate, variable rate, interest only and combinations of the above to choose from. Yes, they’ve come a long way, baby.
But, what Mary and Stéphane had to reveal, beat them all. It’s the answer to the big question: “How to invest in a real asset in the strengthening euro without losing dollars due to the rate of exchange?”
Normally 20% is required as a down payment and normally, this is the amount of money that must suffer the transfer from dollars to euros. The rest is provided by the lender (80% loan to value), with the exception of the Notaire fees (closing costs), about 7% to 7.5%. So, in a normal situation, about 30% of the purchase price of the property must be transferred in to euros. If you use a currency broker, such as Moneycorp, you can save quite a lot on the transfer, but still, you’re at the mercy of the rate of exchange. (See https://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html for information on Moneycorp.)
In this new scenario, 20% is held in an interest bearing bank account — not an account in euros, but an account in dollars! That means that there is no exchange to be made and nothing is lost. As they say in French, “en plus,” a loan of 100% (!) is offered…utilizing any of the various kinds of loan products BPI makes available.
Sounds unbelievable? Maybe, but it gets even better. As long as 20% of the outstanding capital is held in the interest bearing account, the mortgage can be repaid without penalty using the funds from that very same interest bearing account! So, your principal keeps reducing while your money just keeps growing.
Of course, your monthly mortgage payments will be in euros, but if what you own is a rental apartment designed to self-finance the property through its euro-value rental revenues, then there is not a “centime” to lose, but everything to gain. If you work with Moneycorp to set up their “Regular Payments Abroad” program, then you save when you transfer money to make the payments, too.
This is exciting news for all those who think their dream has vanished into thin air due to circumstances beyond their control. Now there is a way to beat the fall of the American dollar and have your dream to live and invest in France, too.
Editor’s Note: Mary Fort will be joining us at the Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami Florida and will be the guest speaker on a FREE conference call for all FPI subscribers on January 6, 2008. Scroll down for more information on BPI and how to register to participcate in the conference call.
Banque Patrimoine et Immobilier (BPI) Loan Products
The Soleil Scheme is geared towards financing existing properties (as opposed to properties being bought off plans). It offers very competitive interest rates, limits your risk should interest rates rise, and in some cases allows you to repay your loan at any time with no penalties. It also offers the flexibility to raise or lower your repayments.
Soleil is a variable rate scheme indexed to the 3 month Euribor (Euro InterBank Offered Rate). The monthly repayments are fixed for 12 months and revised annually at the anniversary date of the mortgage. Soleil offers the flexibility to increase or decrease your repayments annually (subject to certain conditions concerning the amortisation of capital).
The advantage of Soleil is: should interest rates rise considerably, the monthly repayment will never increase more than 90% of the inflation rate, therefore, you maintain constant repayments in relation to inflation throughout the term of the loan. The term of your loan will increase or decrease according to the fluctuation of interest rates*.
Soleil offers the flexibility to reimburse either partially (by minimum amount of 10% of capital initially borrowed) or totally at any repayment date without any early redemption penalties.
BPI can finance up to 80% of the purchase price of your property, including real estate agent fees, but not notary fees.
* a term which can be increased by maximum 3 years for a loan equal or less than 15 years, and 5 years for a loan over and above 15 years.
Cadence is a variable rate scheme indexed to the 3 month Euribor. The monthly repayments are revised every 3 months according to the evolution of the Euribor. Cadence offers the flexibility to increase the repayment annually subsequently the duration of the mortgage will decrease.
The advantage of Cadence is should interest rates rise, the original duration is extended by maximum 5 years. Should interest rates go down the monthly repayment decreases. Cadence offers the flexibility to reimburse either partially (by minimum amount of 10% of capital initially borrowed) or totally at any repayment date without any early redemption penalties.
Cadence offers you the option to postpone either the first, the first and the second or the first three monthly repayments to the end of the mortgage for €90 only.
SESAME (available from 40% deposit)
Enjoy the flexibility of an interest only payment with no redemption penalties and the possibility to link into a fixed rate loan during the first phase of 8 years. Sesame is a loan divided into 2 phases:
The first phase is over a period of 8 years maximum. You pay interest only calculated on the 3 month Euribor (Euro Interbank Offered Rate) plus our margin. During the first phase, you can reimburse on capital at any repayment date by a minimum sum of €1,524. The payments on this loan are quarterly. However, during the first phase, you also have the possibility of blocking the rate and entering into a classical repayment and interest schedule. The rate of interest would be determined on the current TME known at the time you decide to consolidate.
The second phase is over a period of maximum 12 years, the quarterly repayments are calculated on the TME (State Bond Market Rate) plus our margin, and fixed for the remaining period, provided the borrower has not totally redeemed the loan during the first phase, which he is entitled to do so if he so wishes.
Sesame II is a new BPI product specially tailored for financing investment properties. It offers an interest-only mortgage for the first 5-10 years, during which repayments are capped in order to secure your investment. After this period your loan becomes a classic capital-plus-interest repayment mortgage spanning a maximum of 15 years.
When linked to a savings scheme, Sesame II combines tax efficiency with profitability, making it an ideal solution for investors. In this case we can finance 100% of the purchase price and invest what you would have normally contributed as a down-payment (at least 20%) in one of our savings plans. Generally these are linked to life insurance policies that offer various fiscal advantages provided the investment is committed for a minimum of eight years.
The return on investment in our savings schemes can be higher than the mortgage interest rate, which means the money you have earned at the end of the interest-only phase of your mortgage can then be used to repay a large portion of your loan. As a result your repayments during the second phase of the loan are substantially reduced.
Importantly for you, sums invested in such life insurance schemes in France are not subject to wealth tax.
FREE FPI CONFERENCE CALL!!
Sunday, January 6th, 2008
Beating the Decline of the American Dollar
With Mary Fort, Banque Patrimoine et Immobilier
As an FPI subscriber, we offer you special access to our time and knowledge with our own conference calls. The next scheduled conference call is Sunday, January 6th at 8 p.m. Paris time, 2 p.m. Eastern time. Mark your calendars now, but don’t worry, we’ll give you plenty of advance notice.
We will be discussing how to beat the decline of the American dollar by using the newest and most innovative loan products on the market today. All FPI subscribers are invited to participate.
Conference Date: Sunday, January 6th, 2007
Conference Time: 2 p.m. EST, 8 p.m. Paris time
Please RSVP to this special event and we will send you the call details. Sign up now by emailing: [email protected]
Troyes — A Bubbly Escape
By Schuyler Hoffman
Reprinted from Issue 1, February 13, 2003
On an impulse really, I decided one Friday night to just head south to Troyes, a little town southeast of Paris. I showed up at Gare de l’Est bright and early Saturday morning, bought my ticket (only 34 euro round trip) and was off on a new adventure.
As with many cities and towns in France, Troyes has quite a history… especially for a small town (today its population is a little over 60,000). Dating back to the Celtic tribe of the Tricasses sometime in the 2nd century B.C., the story of Troyes involves Dukes and Kings, would-be Dukes and Kings, and skirmishes between a number of foreign invaders, including the British.
In 1420, the treaty of Troyes designated Henri V as the legitimate heir to the crown of France… at the expense of the “Dauphin” Charles VII. On July 10, 1429, Joan of Arc and her troops reached the ramparts of Troyes. Joan held up her flag and directed the preparations for the assault under the frightened eyes of citizens. The city opened its gates even before the battle, allowing Joan and Charles to enter Troyes and hear mass at the cathedral.< /font>
< p>Troyes sits in the heart of the Champagne region of France. At the end of the 13th century the Counts of Champagne, in fact, brought about the commercial expansion of the city, which pushed the ramparts of the walls surrounding the city out and into the shape of a Champagne cork. The main part of the city retains its cork shape to this day, topped off by the Seine River.
The town was famous for its bells (more than 120) at least until many were melted down or destroyed during the Revolution. It has, though, guarded eight historic churches and the main Cathedral, which are fine examples of styles from early Gothic through to the Renaissance. The city is full of narrow pedestrian streets, like the well-known rue des Chats (well-known, but hard to find), all lined with countless charming half-timber buildings. Many of them have been or are being restored and maintained in their original state (unlike Rouen, further north, where most of the half-timber homes were destroyed by bombings during the war). Some of them use plaster and such to fill the spaces between the timbers, while others use intricate patterns of thin bricks to fill the spaces. Troyes is also known for a number of elaborately and colorfully tiled rooftops.
Not the least of its attractions are Troyes’ five main museums: Maison de l’Outil, the tool museum–a look through time at various trades and the tools of those trades (believe it or not, very interesting!); Musée d’Art Moderne, museum of modern art; Musée Saint Loup, museum of fine art and archeology and natural history of the area; Musée de Vauluisant, history museum for Troyes and the Champagne region; and the Apothicairerie, museum of pharmacology, housed in the ornate Hôtel Dieu Le Comte.
Troyes is also the “capital of commercial tourism” with a total sales area of 81,679 square meters. Designer outlets were set up after the war for the traditional textile industry. In the course of the last 10 years, they have acquired great popularity. Every year, three million visitors from the north and east of France, the Parisian region and from other countries go through their region just to discover great bargains.
The fact that leading brands of relatively up-market women’s, men’s and children’s clothing and also accessories, leather goods, cutlery and decorative items are sold at a cut price (30 to 70% lower) has led to the success of the concept. There are two major centres of brand outlets, Marques Avenue (http://www.marquesavenue.com/) in Saint-Julien-les-Villas and McArthur Glen (http://www.mcarthurglen.com/) in Pont-Sainte-Marie.
The town center was so fascinating that I stayed another day exploring all the nooks and crannies I could find. And although this was a chance to just relax, I couldn’t help but spend time looking in real estate agency windows. Real estate prices are amazingly low in such a well-known little town, with plenty of tourist attractions, so close to Paris.
If you’re looking to buy for your own use and not necessarily concerned about rental value, Troyes may indeed be a place for you to consider. For a town of its size, it has a lot to offer someone wanting to live in France. It is full of history, culture, and unique architecture. It is larger than a quaint French village, but still small enough for you to feel at home in… the kind of town where you will know your neighbors. It is of course not big city life, but Paris is not far away either by car (Auto Route 5) or train, nor is Dijon, should you need to experience a faster pace for a day or two. And a plus – the luxury of champagne every day of the week!
There are many interesting towns and areas in France to explore before you decide where you want to purchase, whether for a home or investment. Troyes is one that should be on your list of considerations.
EDITOR’S NOTE: You can explore more of Troyes online at the following websites:
The city’s official website (in French)
The official website for the region.
Choosing the Right Champagne can make New Year’s Eve Menus Sparkle
By Mark Taylor Post-Tribune food critic
Champagne is a mystery in a bottle.
It begins its life as wine and morphs into something totally different, a kind of liquid magic whose bubbles are evidence of its transformation.
And New Year’s Eve is its biggest day — the Fourth of July for these effervescent, sparkling wines — to toast in a new year and the possibilities it offers.
It’s also consumed with many appetizers, hors d’oeuvres, canapés and other tasty morsels.
All champagnes are not the same. In fact, the only sparkling wine that can legally call itself “champagne” is produced in the northeastern French region of Champagne. Everything else is a sparkling wine.
And because the terminology surrounding those wines is French, it sometimes causes confusion.
But it’s not really that hard.
The French may have patented the name for the product they call champagne, but they can’t stop the tsunami of sparkling wines being produced and sold from Napa Valley to New York State, South Africa to Australia and Chile to Italy.
< p>They have names like Asti Spumante and Prosecco, and are made in containers as large as railroad tank cars and as small as 375 milliliter bottles.
Here are some of my favorite pairings of sparkling wines and champagnes with appetizers.
Foie gras, caviar, salmon
Great vintage French champagnes, such as Krug and Dom Perignon ($125 to $1,000) are the kings of champagne. Dom Perignon goes well with foie gras, premier Ossetra caviar and smoked salmon.
French Non Vintage French Brut champagnes, like Veuve Clicquot and Mumm’s ($30 to $45) are commonly found in better Northwest Indiana supermarkets and liquor stores They are typically drier with light finishes. Serve with Oysters Rockefeller, fresh oysters, mussels and other crustaceans. They also complement creamy cheese appetizers, such as endives stuffed with gorgonzola….
To read the entire article visit http://www.post-trib.com/lifestyles/food/711707,champagne.article
New Growth Areas in French Property
By Alison Steed for The Telegraph
Building land and houses in towns and villages are the areas with the most potential for growth in value if you are looking to buy in France, according to estate agent Leggett Immobilier.
Trevor Leggett, an executive director at Leggett Immobilier, said: “2008 is definitely the time to be looking at buying land for building your own property.
“We know that the ‘carte communale’ – the regulation whereby communes in France set the land planning for town and village expansion areas – has now been proposed for 80 per cent of the communes in France.”…
To read the entire article visit http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2007/12/20/property-in-france.xml
Building Your Own Home: Some Recommendations and Precautions
From Notaires de France
Everyone in France dreams of owning his or her home. Some choose a flat, while others prefer a house. Those in the market for a house must choose between an old or new home. The following advice is intended for those who decide to build a house of their own.
Choosing the right plot of land and a good builder is essential. Before buying a piece of land, ask to meet with your notaire or the notaire in charge of the sale. He or she can answer your questions and look into the matter more closely to ensure that you are fully informed before you make a final commitment. Is the land suitable for building? Is it appropriate for your project in terms of zoning restrictions (the height of construction, pre-emptive rights, the color of your shutters, etc.)? What is its actual value? Are there easements on the property (housing development regulations or specifications, right of passage for neighbors, common ownership of fencing, etc.)? What added expenses are involved in acquiring the property (tax owed to the central government, professional fees, VAT, mortgage)? What is the best way of going about the purchase: joint ownership? an investment partnership? tontine ownership?
Then there’s the matter of the builder. Ask your friends and family — you’re bound to know someone who’s used the services of a home builder in the past. There are strict laws governing home construction contracts, but it’s always best to be prudent.
There are two types of contracts for the construction of a detached house. The first is a contract with no house plan — you, or an architect, will be responsible for the layout of the home. The second type, in which the house plan is included with the contract, is more common. This is the contract used by most builders, who offer a selection of houses. All you need to do is choose the one you want and pay the builder. But first you should learn more about the process and consider your options.
The contract must include certain information that is designed to protect you. You, or your notaire, should check to be sure that this information is included in the contract you sign. Most important, the contract should include a description of the property and a reference to the certificate of title, information on the insurance policy against construction damage, proof of any reimbursement or delivery guarantees made by the builder, consistency issues and technical specifications of the house to be built (miscellaneous connections and networks, interior and exterior fittings), the construction price, payment procedures, the building permit and the timetable for completion. It’s also wise to indicate in the contract whether you need a loan. You can then back out of the contract if your credit application is rejected. In addition, bear in mind that French law provides for a seven-day “cooling-off” period. Once you sign the contract, a copy must be delivered to you in person or by mail for just this purpose. Use this seven-day period to think things over one last time. Thereafter, you will have made a final commitment.
Lastly, if the builder offers to sell you the land as well, another type of contract is required, one for the sale of property under construction. If you think this will apply to you, don’t sign the contract before cons
your notaire, since he or she must verify the transaction if it is to be considered valid. And if you have decided to hire a builder to build your house, contact a notaire before making a commitment.
Profile of the French Property Buyer in 2008
VEF Web Site Survey, November 2007
Here is the profile of the French buyer in 2008 as taken from the survey we carried out in November 2007.
The typical buyers of French property in 2008 will be couples aged 56 or more, living in London or the SE, they are sometimes retired already but more likely to be civil servants approaching retirement age. Medics and teachers are particularly keen to buy this year.
People are buying to move to France full time because they feel that France has retained its traditional values and also that it offers a better health care system than the UK or Ireland. The price of property and the search for a better climate has also influenced the decision to buy a French property.
Their level of French is quite low, but despite this, a large proportion are prepared to go direct to a French agent to find the right property. This conflicts with the response they made to another question in the survey where they said that it is important to them to have professional help with the purchase to ensure that the process is trouble-free and their ownership secure.
They are avid Google searchers and are forever searching online for the “right property.” The majority of potential buyers of French property still want to move to SW France. They are more likely to be making their purchase from savings or investments than from the sale of their current residential property.
The France Show
January 18-20, 2008
The France Show 2008 will be the UK’s largest celebration of French property, culture, food and travel. With five main themed areas, the show at Olympia in London (previously Vive la France) will give you the chance to explore your passions, hobbies or interests in this wonderful country.
Plus, if you pre-register (before 31st December) you can order up to six tickets FREE of charge — click here http://www.thefranceshow.com/pre-register.aspx
Friday – 10 til 6
Saturday – 10 til 6
Sunday – 10 til 5
The “Fractional Ownership” Solution
An Update by Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort! Visit our properties at https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/index.html
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008
If you would like to receive more information on this apartment, VISIT https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/chezlatour.html
Living and Investing in France Real Estate Conference!
February 16-17, 2008
Alliance Française, Miami, Florida
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 two-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, these two days in Miami 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_Miami_AF_Feb_2008/index.html
Or email Schuyler Hoffman at [email protected]
Property Consultation, Search and Relocation Solutions
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are “inter bank” exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is January 8, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: The Land of Champagne
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
*** Champagne, Vesigneul sur Marne, Land, approx. 6,000m²
Wooded land for sale.
Asking Price: 7,000€ + 2.5% Finder’s Fee
*** Champagne, Epernay, Land, approx. 1,240m²
Near la Marne, leisure land for sale.
Asking Price: 9,900€ + 2.5% Finder’s Fee
*** Champagne, Estissac, Land, approx. 6,062m²
Wooded land for leisure use. Includes water with trout fishing.
Asking Price: 23,000€ + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
HAUTS DE COCRAUD
France, Atlantic Coast, La Flotte
Studio 27m² to 27m² €113,000 to €113,000
Two Bedrooms 35m² to 35m² €226,000 to €226,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.00%
ONLY 100 METRES FROM THE SEA
Situated on a charming property site, this residence will consist of terraced villas built in the island’s traditional architectural style. Organized to resemble a small village, the villas are accessible via peaceful pedestrian lanes and are surrounded by low walls to ensure total privacy. Ile de Re is an island off the west coast of France near La Rochelle, on the northern side of the Pertuis d’Antioche strait. The island is 30 km long, 5 km wide, and a 2.9 km bridge, completed in 1988, connects it to La Rochelle on the mainland.
This residence will be fully managed therefore investors will not have the hassle of looking for tenants or upkeep of the grounds! Under the French Leaseback investment scheme, rental income will be guaranteed by a commercial lease; therefore, even if your apartment is not rented out, your rents will be paid.
This is an exceptional way to build your property assets with a freehold benefiting from a privileged location. Tailor-made financial solutions are available.
Please take advantage of this exclusive preview and reserve prime units in advance!
– Outdoor heated swimming pool, Water Therapy Center (Thalassotherapy)
– Fully equipped kitchens, terraces and private garden, car park
– Residential management on the premises
– Full VAT refund and extremely fair pricing
– Guaranteed rental income for the life of the commercial lease
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Let us help you secure a mortgage in France at a competitive interest rate. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information or contact [email protected]
Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?
1. Go to https://adrianleeds.com/frenchproperty/insider
2. Click on “Manage Subscription.” You’ll 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”
. Once you’ve made the ch
anges, scroll down to the bottom of the page and click on “Save Profile.”
Of course, we’re always happy to help, so if you do need assistance, send an email to [email protected]
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…and the newest guide, Practical Paris!
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
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:
THINGS YOU NEED TO KNOW
To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under “Subscriber’s Only,” then type in your personal username and password.
Past issues of FPI are available on the website. You will find the
“Past Issues” link on the left under “Subscribers Only” or by going to
To receive your free French Leaseback Report or the Paris Property
Report, click on
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
PARLER PARIS APARTMENTS
Email: [email protected]/parlerparis
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the “seal of approval” from Parler Paris Apartments and me, Adrian Leeds.
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.
Le 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
ght 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com