“In Paris, Owning an Eleventh of an Apartment”
I’ve stolen Linda Hervieux’s title. Forgive me, Linda.
That’s because her article about Fractional Ownership just appeared today in the New York Times Great Homes and Destinations today along with Richard Harbus’ stunning photos of Le Jardin Saint-Paul.
You might remember the name — it’s the apartment we’ve been talking about that has only a few shares of ownership left. It was featured very recently in a Parler Paris on May 9th — an apartment that our “Search Engine” (Property Search Consultant), Mary Ellen Gallagher, found for Steve and Sue Navaro, who promptly renovated it ‘to the nines’ and then are selling off its shares.
I remember when she discovered the apartment, and yes, it had been hideously decorated in an industrial style by a young Frenchman who must have been sick to death of French traditional motif like so many of them are. Instead of respecting the gorgeous exposed 17th-century stones and wood beams, he poured concrete floors and in them buried spot lights pointing upward…not good for the skin tones of us ‘older’ women! We were appalled, but the good ‘bones’ were there and the apartment was clearly a little piece of heaven in Paris.
Steve and Sue quickly agreed and before long, the renovation and redecoration went underway to transform it into the luxurious abode it is…for 12 lucky owners.
The article quotes me as saying: “The dwindling dollar means people saving up their pennies to buy property in Paris have less to spend,” said Ms. Leeds, who i
s planning her own move into fractionals. “This allows them to make an investment in a euro asset, which is crucial.”
Let me clarify one point. I am not PLANNING a move into fractionals. I’ve ALREADY moved into fractionals! If you’ve been following this, it was Parler Paris that had “six dozen inquiries” that “came flooding in last month after an American woman posted an advertisement on a Web site for expatriates.”
The huge response was shocking! Before long, “Design Your Own Fractional Ownership Property” was launched under the name of “French Property Fractional.com.” Plus, since the beginning, we’ve supported Steve and Sue’s “Paris Home Shares” properties along with Ginny Blackwell’s French Property Shares’ fractional properties, both of whom have spoken at our Living and Investing in France Real Estate Conferences. (See /frenchproperty/consultation/sales/fractional/fractional_offerings.html)
So, remember the deal? It still stands! The annual dues for Le Jardin Saint-Paul are 1103€. At today’s rate of exchange, that’s $1700. If you move quickly, (now that the article appeared in the New York Times, you must move even more quickly!), Steve will himself pay the annual dues for any Parler Paris reader who buys a share in Le Jardin Saint-Paul! The only months available are: July, August, November and maybe October!
This means that in effect, your vacation in Paris this year will not only be in a luxurious two bedroom apartment in Le Marais that you own a part of, but will be absolutely FREE OF CHARGE, too!!!
To read Linda Hervieux’s New York Times article in its entirety, visit: http://www.nytimes.com
For more of Richard Harbus’ photos, visit: http://www.nytimes.com/slideshow/
To have a look at Le Jardin Saint-Paul on our sites, visit: /frenchproperty/fractional/jardinstpaul.html and http://www.parishomeshares.net/jardinsaintpaul.html
And to make your move today, send an email off to Steve Navaro by clicking on this link: [email protected] or be sure to put the word “FREESTAY” in the subject line of any email to [email protected] to be eligible for this offer.
A la prochaine…
Editor, Parler Paris
P.S. P.S. Our next Living and Investing in France Real Estate Conference takes place in London on June 22nd! Be there! Or plan on attending our conference in San Francisco July 26-27 or Paris October 11-12. See /frenchproperty/conference for more details and to register.
P.P.S. Be sure to read all about yesterday’s “Parler Paris Après Midi” by visiting: /parlerparis/apresmidi.html