Tromped Up in the City of Light and Bright
Volume V, Issue 10
The sun has shown and skies have been blue all week long. Spring is in the air and so is the urge to have a new Paris pied-à-terre. We’ve had an interesting week looking at properties — one in particular that I fell in love with, but of course can’t afford to buy for myself! Maybe you can, so have a look…
Our team, including Mary Ellen Gallagher and Elizabeth Hochman, gathered together for the 7 Steps to Your Own Pied-à-Terre conference call with new and renewing subscribers on Sunday night…a little later than expected thanks to a technical error I take responsibility for, but we extended the call an extra 30 minutes to make up for the delay. Read more about that in today’s issue if you were one of the unlucky few to miss it altogether.
If you’re in Paris and qualify for free entry, or wish to participate at a small fee, we’ll be doing the presentation live in a group consultation this Thursday evening at 7 p.m. at La Pierre du Marais. Email us to reserve your place at [email protected].
In next week’s issue we’ll be publishing the 7 Steps to Your Own Pied-à-Terre, too, so that all of you will have a chance to count them down and put it aside as a valuable reference.
In today’s issue there is an important warning to be sure to do a “walk-through” before signing the Acte de Vente thanks to a real situation that would have been a disaster had the walk-through not taken place. Also, don’t miss the several reports on events taking place in and around the city you will want to participate in. If you haven’t seen the Bleeker building Trompe l’Oeil near the Champs Elysées, then hightail it over there before it’s down at the end of the year!
Parler Paris Après Midi was raucous on Tuesday! Many of the folks who came to say hello were happy owners of Paris apartments thanks to the FPI team. Read all about it at https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html and plan on coming next time.
Editor, French Property Insider
Email: [email protected]
P.S. Rental apartments are filling up fast for Summer, so don’t delay if you’re thinking of coming to the City of Light in the next few months…visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments for a selection of some of the city’s nicest.
Volume V, Issue 10, March 15, 2007
In this issue:
* For Sale: Dream Apartment in the 10th
* Report on “7 Steps to Your Own Pied-à-Terre” Conference Call
* Why Do the Walk-through
* Celebrating Cities in France
* Tourism Expo in Paris
* Terrific Trompe l’Oeil in the 8th
* Salon National de l’Immobilier Next Week
* “7 Steps to Your Own Pied-à-Terre” – Special Offer Extended!
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: April 10, 2007
* Hot Property Picks: Remarkable République
* On the Auction Block: April 3, 2007
* Leasebacks: Houlgate les Villas, France, Brittany / Normandy, Houlgate
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments
Light and Bright in the 10th
By Adrian Leeds
Although I visit an awful lot of Paris apartments, it isn’t often I see an apartment I’d consider trading my own for, even at any size or any location…perhaps because there are certain attributes about my own apartment I’ve come to love, particularly the amount of sky I see and bright light that pours into the windows all year long during any season and almost any weather. The views of the old Marais “maisons” and “hôtels particuliers” across the street, while so close the feel as if I could reach out and touch them, are particularly pretty if not elegant.
When the old layers of car
peting came up, I discovered oak parquet floors that reek with character and the wavy lines in the glass panes of the French doors and windows tell of centuries of reflection.
It’s not a very large apartment, but the configuration is near perfect with a bedroom on each side of a spacious living room/dining room/office, an adequate foyer and small, but workable kitchen. After having lived in homes as large as 4,000 square feet, 5 bedrooms with 3.5 bathrooms, enormous kitchens, laundry rooms and massive amounts of storage, this 70 square meter apartment in Le Marais is as much as I’d ever really need or likely want.
Then I saw this one. We had found it for clients who are seeking a large apartment that will satisfy two couples and their kids, but they turned it down for personal reasons. It won’t stay on the market long is my feeling.
It’s 135 square meters with 3 bedrooms, a living room, dining room, entry, foyer, kitchen, bath, and toilet appointed with parquet flooring, molding, fireplaces and windows in every room facing both the street and two courtyards. Situated on a quiet street near a more active corner where there is a Métro station, and not far from Place de la République, gives it immediate access to everything without being on the “parade route” and therefore quite calm. One long hall is floor to ceiling windows overlooking a quiet courtyard. The halls have arched doorways. The rooms are joined by double French doors, some with glass panes and others with mirrored panes. The rooms are spacious and easily fitted for more storage, either built in or free standing closets or armoires. The kitchen was renovated less than 10 years ago and so is relatively modern and every inch is impeccable…move-in, ready to go. The only thing I’d do to it is add a toilet in the bathroom, where the plumbing already exists — a minor expense to make it perfect.
A short walk takes you to the Canal Saint Martin. The gares de l’Est and du Nord are walking distance. Place de la République is a stone’s throw and just the other side of the place is Le Marais. The Métro is just outside the door and this part of the 10th arrondissement is getting chicer and more expensive every day.
The price is not negotiable, but at 900,000 euros, the per meter price of 6,667 euros is unheard of for a property such as this.
If you are seriously interested in this property, please email us immediately before someone grabs it quickly!: [email protected]
Conference Call Saved Just in the Nick of Time
By Adrian Leeds
It wasn’t until 7:15 p.m. Sunday evening Paris time when search consultants Mary Ellen Gallagher, Elizabeth Hochman and I realized that there was no one phoning in and there must be something very wrong! Luckily, we realized that we had phoned in the wrong code and so while all you eager participants were waiting for moderators, we were busy scrambling to get on board.
When we connected correctly, we found nice healthy group of you patiently waiting to learn the 7 Steps to Your Own Pied-à-Terre. We worked our way down the list with brief commentary before opening up the floor to questions.
We will be addressing the 7 questions in person here in Paris next Thursday evening and in the next issue of French Property Insider. Until then, for all of you who qualify but might have missed the call, and cannot attend the group consultation, I will be happy to have a one-on-one brief conversation to make up for it. To schedule it, please email me at [email protected]
Buyer Beware: Inspect Before You Buy
By Adrian Leeds
Until the “walk-through” just hours before the signing of the “Acte de Vente,” the buying process had gone smooth and easy. The perfect apartment had been found within only a couple of days of beginning the search, the negotiations on price went easily and satisfactorily, the loan was readily obtainable and all in all, with the exception of a few small snags along the way, our clients had not experienced too many hurdles.
The apartment was large and elegant in a 1930’s art deco building overlooking the Seine in the 16th. They furnished it luxuriously, enjoy their time in Paris with such spectacular views and renting it to some lucky devils when they’re not there.
Hours before the final closing, we scheduled a “walk-through” to insure all was in order. The original owners, Americans, had recently moved out their belongings making it ready for them to move in the day after the closing. A housekeeper was scheduled to do a thorough cleaning, their moving company was set to deliver their things and even a decorator was planning to meet them to discuss how to furnish the apartment as quickly as possible.
Everyone was surprised by what they found when they entered the apartment. The electricity was shut down. The electric blinds were broken — so broken that when they tried to raise one, it fell and luckily caught on a ledge just before smashing four stories below. The electric toilet had been used and broken (leaving pungent odors!). The carpeting was dirty, plus a chandelier and mirror were both missing. As the real estate agent said, “It was disgusting.”
More than three hours were spent dealing with a reasonable and agreeable outcome by phone between the sellers in the U.S., the two officiating notaires and our clients. Each notaire was protecting her own clients, of course. The agent was agreeable to just about anything, as long as the sale closed. The buyer and seller were having a minor tug of war.
Because our clients had already pre-arranged for the cleaning and the move, relieving them from the expense of a hotel, a delay in the closing was not a reasonable solution, unless the seller was willing to cover the expense of the delay. The final outcome was an agreed upon sum of money to be held in escrow until all work was completed, with a deadline of the day before the buyer would be leaving Paris (about three weeks from the closing) and penalties on both sides should one party not fulfill his duties.
The moral to the story is that before you sign on the dotted lines and take full responsibility for the property, make one last inspection to insure that you’re getting what you bargained for.
Vivre les Villes
Discover the architecture and urbanism of your city this weekend March 16 – 18, 2007 during the 3rd edition of Vivre Les Villes. The exposition is designed to create a better understanding by the citizens of of France of their cities, their future projects, those responsible and of their evolution. For three days this coming weekend, Vivre les Villes addresses the schools and professionals, families and curiosity-seekers with guided tours, open houses, seminars, workshops, conferences, debates and exhibitions.
Vivre les Villes 2007
Program at the Pavillon de l’Arsenal, Paris
Click here (in French):
Inauguration of the Salon Mondial du Tourisme
March 15, 2007, 3 p.m.
Hall 7.3 at the Parc des Expositions de la Porte de Versailles, Paris
The 32nd edition of the Salon Mondial du Tourisme opens today with the Director of Tourism, Michel CHAMPON, along with the Ministère des Transports, l’Equipement, and Tourisme et de la Mer. The Salon takes place March 15 through 18, 2007 from 10 a.m. to 7 p.m. (until 9 p.m. on the 15th and 16th at the Porte de Versailles.
For more information, visit: http://www.mondialtourisme.com/
Urban Surrealism Daliesque for Bleeker
By Adrian Leeds
Since January, the future headquarters of Le Groupe Foncier Bleeker at 39 avenue George V, takes all eyes on its renovation. Draped in a tarpaulin painted psychedelically with a Salvador Dali inspired building facade to hide the renovation work, the trompe l’oeil design might have you checking your glasses.
Athem, a specialist in large format urban communications, who is also responsible for the enormous suitcases on the Louis Vuitton building when it was under renovation, created an immense toile of more than 2,500 m2. The creation is by plastics artist Pierre Delavie — a replica of the building except with malformed windows and walls, which took more than 40 workers and more than 370 hours to paint, 300 hours to fabricate, and 70 hours to install and light. The building is scheduled for completion at the end of 2007.
The project is so awe inspiring that it has even led to the creation of a blog where everyone can give their impressions. See http://www.39georgeV.org for more!
Salon National de l’Immobilier
Paris – Palais des Congrès – Porte Maillot
March 22 – 25, 2007
10 a.m. to 7 p.m., till 9 p.m. Friday, March 23rd
Métro Porte Maillot
arking: Porte Maillot –
Hôtel Méridien – Avenue des Ternes – Avenue Foch
Entry 5 euros
Learn the “Seven Steps to Your Own Pied-à-Terre”
A Special Offer from FPI
Between now and March 22, 2007, when you renew your current subscription for just one more year ($49.50 — 99 cents an issue), we’re going to make it possible for you to get good advice absolutely free!
Learn the “Seven Steps to Your Own Pied-à-Terre” from me and the French Property Consultation team live and in person!…
If you’re here in Paris, then you will be one of the fortunate few to join us for a one-and-one-half hour GROUP CONSULTATION with me and the French Property Consultation Team on Thursday, March 22, 2007 at 6:30 p.m. at La Pierre du Marais, Paris, France. Live and in person, we’ll give you an introduction to the Seven Steps to Your Own Pied-à-Terre then as with the conference call, you’ll have an opportunity to ask our team of experts all your questions about living, investing or purchasing property in Paris or France.
Right now, and only until March 22nd, the opportunity is yours. Take my advice. Don’t delay.
Click here to add one or more years!
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
NEXT MEETING: April 10, 2007 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 PI
CKS: Remarkable République</str ong>
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, 11th Arrondissement, 5 rooms, approx. 114m²
In the République quarter, a beautiful, bright, quiet duplex on the second floor. With 3 bedrooms on the courtyard, American-style kitchen, large living room, 2 bathrooms and cellar. A must see!
Asking Price: 645 460 € + 2.5% Finder’s Fee
*** Paris, 10th Arrondissement, 5 rooms, approx. 106m²
Near République, in a Haussmannian building, this apartment is in excellent condition. Includes entrance, living room, dining room, fully equipped kitchen, 3 bedrooms, bathroom, separate toilet, walk-in closet, cellar. With many lovely details such as high ceilings, wood floors, fireplace, balcony.
Asking Price: 745 000 € + 2.5% Finder’s Fee
*** Paris, 10th Arrondissement, 4 rooms, approx. 140m²
Near Canal St. Martin and Place de la République. Includes entrance, large living room, office, dining room, kitchen, bathroom, separate toilet, balcony, cellar. Southern exposure. 4.4m high ceilings, fireplace, moldings.
Asking Price: 925 000 € + 2.5% Finder’s Fee
Next session: April 3, 2007 at 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 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:
|STUDIO 27,20 m²
17 rue de la Huchette
75005 PARIS 5th
Opening Bid: 163,200 €
Deposit: 32,640 €
|5 rooms 158,40 m²
6 rue de Seine
75006 PARIS 6th
Opening Bid: 1,432,000 €
Deposit: 286,400 €
|4 rooms 73,30 m² duplex
66 rue Ampère
75017 PARIS 17th
Opening Bid: 320,000 €
Deposit: 64,000 €
|4 rooms 117 m²
17 avenue du Maréchal Lyautey
75016 PARIS 16th
Opening Bid: 631,800 €
Deposit: 126,360 €
|3 rooms 89 m²
25 avenue du maréchal Lyautey
75016 PARIS 16th
Opening Bid: 424,000 €
Deposit: 84,800 €
|2 rooms 66,15 m² + terrace
2 square de Padirac
6 PARIS 16th
Opening Bid: 542,160
Deposit: 108,432 €
|2 rooms 36,60 m²
1 rue du Pont Louis Philippe
75004 PARIS 4th
Opening Bid: 219,600 €
Deposit: 43,920 €
|STUDIO 15,4 m²
21 avenue Foch
75016 PARIS 16th
Opening Bid: 70,000 €
Deposit: 14,000 €
|6 rooms 195,6 m²
28 rue de Ponthieu
75008 PARIS 8th
Opening Bid: 900,000 €
Deposit: 180,000 €
|2 rooms 46,4 m²
8/10 rue de la Bûcherie
75005 PARIS 5th
Opening Bid: 290,000 €
Deposit: 58,000 €
LEASEBACK NEWS FROM IMOINVEST
HOULGATE LES VILLAS
France, Brittany / Normandy, Houlgate
Studio 36m² to 36m² €160,000 to €161,000
One Bedroom 35m² to 47m² €144,000 to €245,000
Two Bedrooms 51m² to 68m² €252,000 to €370,000
Three Bedrooms 62m² to 63m² €307,000 to €337,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.00%
CLIFFS AND SOFT SANDY BEACHES
Located 700m from the beach only 1km from the town centre with a view over the sea and Houlgate resort. Discover the Fleurie Coast and its famous resorts in the lower Normandy region of north western France. This area boasts some of the Normandy region’s most prestigious seaside resorts including Cabourg, Deauville, Trouville and Honfleur. Displaying more than 300 villas, chalets, manors and chateaux, Houlgate is a truly elegant town with charming streets, shops and markets. The beach is the ideal place for walks and relaxation with soft sand and paved promenades over 800m long. Beaches offer facilities that include bathing huts, relaxation areas, teenage areas, heated pools and a large number of sports activities including beach-volleyball, kite-surf and sailing. The region is festive and sports-oriented with a legendary beachfront casino with slot machines, delicious restaurants, nightclubs and entertainment. In addition, visitors will find a cinema with terrace overlooking the sea, an 18-hole golf course dominated by the Chateau de Beuzeval, a number of horse riding centres, tennis club and events all year round including the European Film Festival.
The property site spans over a 4 hectare landscaped terrain, offering a private outdoor pool with paved surroundings, and an integrated water treatment centre. Units range in style from studio to 1 bedroom apartments to 1 to 3 bedroom duplex houses with ample space, between 33 to 74m². Units offer high-quality interior decoration, quality services and generous surface areas. The residence boasts the elegance of Neo-Norman architecture with half-timbering, dynamic roofing composition, large balconies and/or terraces and outdoor parking. The Balneotherapy centre for spa and water treatment therapy offers rooms that open onto a wood sun terrace and the sea. The centre offers a 70m² pool reserved for clients, solarium terrace, Turkish bath and hydro jets. Spa services include body and facial treatments, clientele massage and body wraps.
Investors will benefit from a full VAT reimbursement and the acquisition of a freehold leaseback property. Acquisition packages vary from financial ownership with a guaranteed rental income of up to 4% paid net or financial ownership with personal usage options. This is a choice investment offering a local heritage of quality, guaranteed return net of charges (excl. land tax), no management hassles and holiday stay possibilities! Notable assets: two hours from Paris, close to Deauville, Cabourg, Trouville seaside resorts, town with rich and original architectural heritage and Les Villas is a residence with architecture inspired by local tradition, located only 700m from the beach and 1km from the town centre, view of the sea and Houlgate, beautiful private pool and Balneotherapy centre integrated into the residence.
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”
5. Once you’ve made the changes, 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]
Insider Paris Guides Have a New Home
Insider Paris Guides started almost 10 years ago with the idea of creating an online electronic regularly updated listing of my favorite good-value restaurants. I wrote it one summer, listed 50 Paris restaurants and we called it the Leeds Good Value Guide to Paris Restaurants. It sold from the moment it hit cyberspace and over the years, guides were added to the roster. Today there are four guides:
Good Value Restaurants
You don’t need to be rich to dine well in Paris – you just need to know where to go. Enjoy fabulous three-course meals with wine for just $20 to $30, including tax and tip. Explore more than 200 hand-picked great-value restaurants.
Living in France
France may seem familiar, but nearly everything … from paying taxes to having a baby … is done quite differently. Get the practical answers to nearly 300 questions about making a life in France.
Are you, like so many great writers past and present, drawn to and intoxicated by the City of Light? Discover the ins-and-outs of literary Paris whether you are a novelist, journalist, poet or just a dreamer.
This is the first guide of its kind, devoted to understanding and exploring the rich Black culture and vibrant Black community in Paris. Make the most of Paris’s multicultural sites, sounds and tastes.
Bastille Media took over the publishing responsibilities of the Insider Paris Guides this month and yes(!), we will continue to offer a discount to FPI subscribers.
The discount will be 10% off any guide and up to 25% off the entire
purchase (if two or more guides are purchased at the same time). But
the way you as a subscriber to FPI will take advantage of the discount has changed a bit. 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: 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
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/
==== CLASSIFIED ADVERTISING ===
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.
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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