Paris Pocket Property Picks
TGIF, right? Now you have something new to look forward to every Friday so that you can spend your weekend dreaming about life in Paris. Get ready to pop your “P’s” — it’s our newest e-letter called PARIS POCKET PROPERTY.
Every Friday we will be bringing you a peek at a few picks in Paris of hot properties we’ve seen and dreamed about owning. We’re always scouting for the best buys, not necessarily the lowest priced…because prices are based on space here in Paris…per square meter (1 square meter = 10.7639104 square feet). And that’s what we’re aiming out — the lowest cost per square meter for the neighborhood and quality of the property.
Space is relative. A one-bedroom apartment in Texas is likely to be larger than a one-bedroom apartment in New York City, so keep in mind that Paris has relative space, too. A studio in Paris could be as small as 5 square meters or as large as 40 square meters. A one-bedroom (called a “2 pieces” or two rooms) is usually from 35 square meters to 60 square meters. A two-bedroom (“3 pieces”) is usually from 50 square meters to 90 square meters. Three-bedroom apartments (“4 pieces” and “5 pieces”) range from 80 square meters to 200 square meters…and so on. Larger apartments are usually less expensive per meter than their smaller counterparts!
So, if space is what you want, you need a big budget, but the unit price drops. If what you want is location, location, location, then be prepared to pay for it, but expect solid appreciation that outlasts the tests of time. And Paris has lots of time. These 16th, 17th, 18th and 19th century buildings are solid and aren’t being razed to make room for some new sprawling complex.
Paris isn’t going anywhere either. It’s a world-class city that “Eiffel Towers” over the others (in my humble opinion). Prices continue to climb as the Euro levels out all of Europe and Paris still has a long way to go to hit top prices (have you seen what it costs in London to own an apartment?). The Euro is getting stronger by the moment, so owning property in Euros is a smart investment to hedge your bets against a weak dollar.
The three properties listed below were once “chambres de bonnes” — servants’ quarters. They’re small, but they can be great first footholds into Paris — a spot to call your own while you’re here, or to rent to students. These are real POCKET properties on the market, so if you can move quickly enough, one of them could easily be yours. But don’t waste time. Good properties sell in less than three weeks. No joke.
A la prochaine…
Editor, Parler Paris
E-mail: [email protected]
P.S. Mark your calendar to come to Parler Paris Après Midi Tuesday, December 9th at 3 p.m. to meet and talk with us and other readers about their experiences in France. You’ll get to meet Jocelyn Carnegie, our Property Sales Manager and Porter Scott, our Property Rentals Manager. It’s easy, it’s fun and it’s free! Visit /parlerparis/apresmidi.html for more information.
LIVING AND INVESTING IN FRANCE CONFERENCE SHAPING UP
In the next week or so, we’ll be announcing the details of our Living and Investing in France conference in San Francisco March 19 – 21, 2004.
Here’s what you can expect…starting with Friday afternoon and continuing through all of Sunday, you’ll hear presentations by experts on the topics of: * Obtaining the Right to Be in France * Making the Move * Finding Property * Buying and Owning Property * Renting Your Property for Profit * Learning About the Leaseback Program * Getting a Mortgage * Smart Offshore Investments * Minimizing Your Tax Liability * And more!
You’ll have an opportunty to ask questions and learn all you’ll need to know to make your dream come true to live in France or just be a part of the profits on owning property there.
We’ll open with a cocktail party, enjoy a dinner together and discover all the fabulous atmosphere San Francisco has to offer.
Brought to you by and hosted by the International Living Paris Office…visit /frenchproperty/conference/LIFhome.html for information or email us to be on the mailing list for more information as it unfolds.
Studio in the 10th: 35,000 Euros
1 room apartment of 10 m2 on rue de Paradis. In a fine 17th-century building. Entry code system and concierge. This ‘studette’ is on the 5th floor with an elevator. Access by principal staircase. In the mansard of the building with velux windows for extra light with shower, wardrobe and cupboard, kitchenette. Repainting required.
Serious inquiries email: Studio_10th_5-12-03
Studio in the 9th: 40,000 Euros
South facing studio of 11m2 ‘Loi Carrez’ (20m2 floor surface). Near Saint-George Métro station. 2 louvred windows. With shower, WC, wash basin, sink in kitchen area. Rental report available showing 8.75% return.
Serious inquiries email: Studio_9th_5-12-03
Studio in the 16th: 31,000 Euros
Between the Trocadéro and Place Victor Hugo, with a view of the Eiffel Tower. 6m2 former service room with wood paneling and a water point. On the 7th floor with a lift. Double glazed windows.
Serious inquiries email: Studio_16th_5-12-03