The Process of Paris Property Purchasing

"Vis-à-vis" with a friend's apartment on rue Froissart

(FOR SUBSCRIBERS ONLY)

French Property Insider

May 18, 2006
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

As you know, I am going through the process of purchasing an apartment in Paris, just like you have or might be doing some day. It's a studio of a mere 16.5 meters with three windows on the 3rd floor (no elevator) of an 18th-century building on rue Charlot, what has become the hottest street of the 3rd arrondissement.

It all seemed simple at first, and then, like many property transactions, became quite complicated, thanks to the bureaucratic administrative system we have reluctantly learned to live with. What I learned in this process is that no matter how experienced or knowledgeable one might be, the pitfalls are lurking when you least expect them and a fall into at least one or two is inevitable.

I will not bore you with all the details of why the closing has now been delayed three weeks, but it means I had to provide Power of Attorney to the Notaire (an additional expense) to sign on my behalf while I'm out of the country and also have the termite inspection redone (an additional expense) because it had expired! The reasons for the delay have been pointless -- mostly due to ineptitude and inflexible rules and regulations. With the delay, comes the risk of losing the purchase -- should the seller become impatient!

So, I warn you and anyone who thinks they can manage this process without assistance from professionals...even the professionals need professionals.

Today's issue deals with THE PROCESS from A to Z -- this is good reference for anyone about the begin the process of buying property in France. With it, we have news on several different fronts. UCB reports on the results of their findings from the past Vive La France Exhibition. I report on the contented results of three new property owners in Le Marais. Britain reports on how the British can take advantage of their retirement benefits to purchase foreign properties. And The airlines report on cheaper fares to a variety of French destinations. Properties for sale include a Leaseback on the coast, must-sees in Le Marais and a few great bargains on the auction block.

So, it's packed with good information! Until next week from the Big Easy...

A bientôt...

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

P.S. Next week, French Property Insider will be coming to you from New Orleans, Louisiana where we are holding our Living and Investing in France Round Table on Saturday, May 27th. My heart has been warmed by the rallying of all those who will be attending now, too, with many of our finest presenters at my side: John Howell, Ruth Mastron, Philippe Vasseur, Meadda Ang and Schuyler Hoffman. We've added 1.5 hours to the agenda, not to mention all this wonderful talent, yet the cost has not changed. It's what I'd call a "Big Bargain." It's not too late to register and join us, for the Round Table or just for dinner at Tujague's, so be sure to visit http://www.adrianleeds.com/parlerparis/liveinfrance/ for more information or email Schuyler Hoffman at [email protected]/parlerparis

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Volume IV, Issue 20, May 18, 2006

In this issue:

* Steps for Purchasing a French Property
* Property Buyers Motivated by "French Way of Life"
* Life in Le Marais
* Holiday Properties Part of Retirement Portfolio
* Will Cheaper Flights Increase Property Prices?
* NEW! Special Guests Added to Living and Investing in France Round Table, New Orleans, May 27, 2006
* FPI Property Consultation, Search and Relocation Solutions
* Today's Currency Update from Moneycorp
* Next Parler Paris Après-Midi: June 13, 2006
* Hot Property Picks: Marais Must-Sees!
* Leasebacks: Cap Corniche, France, Mediterranean Coast, Sète
* Exclusive Property for Sale in the 7th
* On the Auction Block: June 6 and 13, 2006
* Classified Advertising: Parler Paris Apartments

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The A to Z Process of Property Purchasing in France
By Adrian Leeds

Distill the details of property ownership in France and this is what you get: The Process.

This is what it takes to get from point A to point B, finally ending with Z when you are the proud and happy owner of your own "pied-à-terre," "maison de compagne," "château" or "manoir."

Let's start with A, then B, etc. and see if you can spot the pitfalls along the way. They won't be obvious to you now, but trust me, every step of the way is booby-trapped!

A. Imagine the possibility of owning a property in France. This is step number one. If it's not an idea, then it can never become a reality. In what kind of home do you imagine yourself? And where?

B. Determine your goals. Is the property for residence? Investment? Both? What return do you want if any?

C. Learn all you can about the process. There are dozens of books, magazines and Web sites from which to gather information. There are conferences and seminars in which to participate. There are friends who have already had the experience. Tap every resource. Buying property in France is a complicated process, so don't think because you've purchased property in North America, that you know what you're doing. You don't…!

D. Consult with a specialist, or many specialists…consultants, attorneys, tax advisors. You simply can't get enough advice to help you put the pieces of the puzzle together to create a neat, orderly and snug picture.

E. Determine your parameters: Where? How large? How many rooms? What floor level? What features? No renovation to be done or complete redo? What is necessary? What is not? What will fulfill your dreams? What will create nightmares?

F. Determine your budget. How much do you have in cash you can afford to invest? How much of a mortgage would you want to consider? What is today's rate of exchange? How much does it make sense to spend to achieve your goals?

G. Determine financing. If you choose to take a mortgage, contact the lenders to find the best loan products and lenders for you. Start the loan application process and request a loan approval "in principle."

H. Determine the structure of the purchase. Beware of inheritance and tax laws. In what name the property is registered greatly affects the future outcome of the property in the event of your death. Do not make this decision lightly and take advantage of professional advice.

I. Meet with the Notaire. This is a perfect time to set up your file with the Notaire of choice. Provide him with the proper documents and if necessary, prepare Power of Attorney so that someone else may sign documents on your behalf.

J. Perform the search. Whether you do this on your own or with a Property Consultant, reduce the search to as narrow a field as possible. This will ensure success as most properties you visit will fit the parameters you've determined. If on your own, visit the agencies in the areas in which you are looking and search Web sites and publications listing properties "for sale by owner." If working with a Property Consultant, be sure the parameters are clear and don't try to see too many properties in one day to enable a clear viewpoint on each property.

K. Decide on a property. There may be one or more that fit your needs. Weigh them carefully, but don't buy for practical reasons…buy the property that makes you feel good! (You only live once!)

L. Make an offer, negotiate, agree. The negotiation process can be verbal or in writing, direct with the seller or through the agent or consultant. Either way, be specific. Make certain that if you expect the light bulbs to be there when you are the new owner, then make note of it in the "Promesse de Vente." Leave nothing to the imagination of the seller!

M. Arrange the signing of the Promesse de Vente. Provide the Notaire with the coordinates of the seller's Notaire and all details of the purchase. Schedule the date. If you can't be there in person, sign a Power of Attorney for someone else to sign on your behalf.

N. Make a list of all additional items that are to be part of the sale, such as appliances, furnishings, etc., which are not attached to the walls and can be considered extraneous to the apartment/home itself. Consider a value to the list, as this can be deducted from the official purchase price on the deed, reducing taxes and fees.

O. Determine the contingency clauses, should there be any. The most common are "clause suspensive" (denotes no loss of deposit should you not get financing) and "clause de substitution" (denotes ability to change ownership structure prior to signing Acte de Vente).

P. Confirm the "diagnostics" of termites, lead and asbestos. The seller is responsible for providing a report performed by a certified agency within three months prior to the signing of Acte de Vente regarding termites, lead and asbestos in the property.

Q. Provide a 10% deposit. Upon signing of the Promesse de Vente, you must provide a 10% deposit held by the Notaire. If you need to transfer the funds from a foreign account, contact a currency broker such as Moneycorp, inc. or your bank to get the best rate of exchange. You will need to know your bank account numbers and the wiring instructions to your Notaire's escrow account, where the funds will be safe.

R. Sign the Promesse de Vente. Normally, you will do this in the Notaire's office with all parties present, or your representative with Power of Attorney will act on your behalf. At this time, schedule the signing of Acte de Vente. Allow 11 day buyer's remorse waiting period from the time the lender makes the official offer till the date you can sign and accept the offer.

S. Consider the 7-day buyer's remorse period. You may cancel the purchase within 7 days of signing the Promesse de Vente with no penalties. Do not enter the purchase thinking you will cancel it, but should something serious arise to doubt the feasibility of the purchase, you have this "out."

T. Submit mortgage applications. We recommend you apply to at least two lenders. Be prepared to amass important documents such as tax returns, bank statements, etc. and complete a medical questionnaire.

U. Schedule your medical examination, should the insurer require it. It is best to have the examination done in France, but if this is not possible, arrange to have the reports sent to the lender's insurance company as they require them.

V. Transfer the remaining balance of funds due upon signing of the Acte de Vente. Get the accounting from your Notaire. It will include the down payment or balance of payment of the purchase price plus all taxes and fees.

W. Get estimates for renovation, decoration. If you have access to the property, this will speed up the process as the work can be scheduled to commence immediately upon signing the Acte de Vente.

X. Walk through the property just prior to signing the Acte de Vente to ensure everything is just as promised.

Y. Sign the Acte de Vente. This will take place in the Notaire's office, again, normally with everyone present. You will leave with the keys and ownership of your new French property!

Z. In six months to one year, you will receive the official deed and a small refund from taxes and fees that may have been overpaid!

Resources:

Please be sure to tell each of these professionals that Adrian Leeds and French Property Insider sent you!

French Property Consultation
Adrian Leeds, Director
Email: [email protected]
French Property Consultation
http://www.adrianleeds.com/frenchproperty/consultation
Download Complete Brochure
http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf

Getting a Mortgage
http://www.adrianleeds.com/frenchproperty/consultation/mortgage.html

Rcommended Lenders:

UCB (Formerly Abbey National)
Mirela Alecsuc
Métier Crédit Immobilier Spécialisé International Buyers
[email protected]

Banque Patrimoine et Immobilier (BPI)
Eugenie Desarnauts
ExPatriate & Non Resident Service
[email protected]

GE Money Bank
Contact Meadda Ang
Client Manager
[email protected]

Crédit Foncier
Contact Federica Viero
Senior Customer Advisor
[email protected]

Barclays Bank
Vilay Nethavong
Account Manager
[email protected]

Property and International Law
John Howell and Co.
http://www.JHCo.org
22 Endell Street, Covent Garden, London WC2H 9AD
Tel: 0(044)207 420 0400
Fax: 0(044)207 786 3626
[email protected]
Contact Sebastien Oddos at [email protected]

Notaire:

Cabinet Bonnart-Adler
5 rue du Louvre
75001 Paris
Tel: +33 (0) 1 42 60 34 80
Fax: +33 (0) 1 49 27 04 21
Maître Stephane Adler
Email: [email protected]

Currency Broker:

Moneycorp, Inc
250 Montgomery Street, Suite 910
San Francisco, California, 94104 USA
Doug Johnson
Tel: +1 (415) 678 2770
Toll-Free: 18667 Moneycorp US
Fax: +1 (415) 773 1822
Email: [email protected]
Web: http://www.Moneycorp.com/agent/frenchpropertyinsider/

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The French Way of Life...
A Passion Confirmed by the "Vive la France" Exhibition
From UCB, A BNP Paribas Company

France is not just a prime tourist destination. Every year, people of many different nationalities come and invest in French property.

While the majority choose to buy a second home, some come and settle in France permanently. The British are the most important investors and this has been the case for many years. The main reason for their passion is the French Way of Life. They are especially attracted by the more relaxed environment which allows more time to enjoy life and appreciate the French lifestyle, including of course French food and good French wine. And this trend is set to continue! Judging by the results of the survey we carried out during the "Vive la France" event held in London in January, the British are not about to give up their love of France and the French way of life!

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The "Vive la France" event took place from January 20-22, 2006 at Olympia Hall in London. It provided an ideal opportunity for UCB to get to know more about these British clients who are so keen to invest in the French property market. 280 visitors took part in our survey, on the basis of which we have now been able to draw up a client profile.

A mature population aged 55 and over, wage earners, investing as a couple and with an average income ranging between £40,000 and £70,000 per year.

Their main motivation...the "French Way of Life!" 92% of those questioned cited the celebrated French way of life or, at least, its reputation, followed by the milder climate and cheaper property prices than in the UK.

Their house purchase plans...to invest in property already built (70%), a second home (50%) and for many, a property that does not require any renovation work (49%). Languedoc is currently the most popular region with English property buyers.

£150,000 (231,000 Euros equivalent) ... is the average amount they want to invest. 58.5% plan on borrowing money to finance such a purchase and over 50% of them plan on taking out a loan in euros and in France.

For over 90%, the quality of service and low interest rates are the key criteria involved in the choice of financial institution. They tend to be reassured by knowledge of procedures and the local market, while a bilingual service and secure conversion rates are also considered to be important factors.

UCB brand awareness... 30% of those questioned are aware that Abbey National France was acquired by BNP Paribas and subsequently merged with UCB, 59% of which by word-of-mouth or through the press.

The British are still keen to invest in property in France. UCB is therefore adapting its services and financial products in response to their financing requirements.

Interest Rate Indexes (on 01/04/2006)
3 month Euribor: 2.72%
12 month Euribor: 3.10%
TEC 10: 3.80%
Source: UCB

Exchange Rates (on 10/04/2006)
1 euro = £0.6943
£1 = 1.4403 euro
1 euro = $1.2126
Source: Boursorama

Rented Dwellings Reference Index (on 18/1/2006)
2005 3rd Quarter Annual Variation: 2.30%

Editor's Note: UCB is a RECOMMENDED LENDER OF French Property Insider.

UCB (Formerly Abbey National)
Mirela Alecsuc
Métier Crédit Immobilier Spécialisé International Buyers
mailto:[email protected]

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Settling Into the Marais
By Adrian Leeds

One of the fortunate aspects of what we do as "liaisons" to Anglophones wanting to create a life here or invest in property in France is the reward we feel when we've changed someone's life in a profoundly positive way. We see it happen time and time again...the adventure always concludes, no matter how challenging, in a profitable and pleasurable way.

Tomorrow I will be changing places with one of our New York clients who has generously given me the keys to her Manhattan apartment while she wallows in the luxury of her newly decorated Paris "pied-à-terre."

The view from her Marais "aerie" is at treetop level overlooking the cobblestoned triangle where the Hector Guimard-designed art nouveau iron entrance to Métro Saint-Paul is situated, partnered by a children's carousel at the western end. This apartment was one that actually sold twice -- first to a couple who, after returning to the States, decided not to make the purchase within the 7-day buyer's remorse period, and then later, to this Manhattanite who is so ecstatic with her new Paris home that she quickly remarked, "What were they thinking?"

The apartment needed no structural renovation, its large living room/dining room/kitchen on the street side with two large windows affording lots of light and a small bedroom on the courtyard side brilliantly lit with two windows and equipped with floor to ceiling closets along one wall. The bath is large enough to accommodate a big tub, sink and toilet.

She renovated and redecorated the spacious one bedroom to perfection in soft sand and sable tones. The kitchen was completely redone with marble tops and wood cabinets. The bath was also completely remodeled, contemporary, white and light brown tones, with a heated towel rack in chrome. Most of the furnishings were found in one boutique selling interesting contemporary furniture with an ethnic flair not far away in the Marais.

The Métro and several bus stops are literally just outside her door along with markets, retails shops, cafés and absolutely everything one might need or desire. While it's a bit "hustle-bustle" on the street below, once in the apartment, barely any noise is discernable. Looking at the trees and the centuries-old buildings across the Place from the standpoint of her brand-spanking-new kitchen, she called it "heaven."

 

 

I visited other happy new-home owners this week to find the same enthusiastic sentiments. This couple had attended last year's Living and Investing in France Conference in New Orleans and now have made Paris their primary home. Their apartment is just two short blocks from my own, situated on a corner creating a triangular floor plan, on the 5th floor of a Haussmannian style building with views from all three sides -- of rue de Bretagne, rue de Turenne and rue Froissart. It is amazingly directly "vis-à-vis" with a friend's apartment who happens to be the specialty "mosaiiste" about to start creating a world of Provençal tile work in my new little rental studio. "C'est un petit monde!"

The layout of the apartment is very unusual because of its triangular shape. The large living room is situated in the point with three views and windows and all sides at the end of the entry hall. The entry hall expands to a triangular shape enabling a perfect space as a dining room adjacent to the kitchen, which is not large, but more than adequate and has a large window. The bath is triangular, too, the toilet separate, each with a window. There are two bedrooms, one larger than the other and lined with closets. The smaller makes a perfect office.

The new and happy residents brought most of their furnishings from the States, purchasing things to fit the space exactly. Again, they chose warm tones of sand and sable.

As newcomers to the Marais, they are testing the neighborhood restaurants and markets, and discovering all there is at virtually arm's length there at the heart of the 3rd arrondissement.

Editor's Note: Both apartments were finds of French Property Insider Property Consultants. For more information, contact mailto:[email protected] or visit http://www.adrianleeds.com/frenchproperty/consultation

 

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Wealthy Cash in on Holiday Flat Loophole
By Kathryn Cooper
The TimesOnline
http://business.timesonline.co.uk

Savvy investors are still putting overseas property in their pensions despite Labour's attempts to stop them

Lawyers for some of Britain’s wealthiest residents have uncovered a loophole in the pension rules that allows people to buy holiday properties with their retirement funds.

Scores of investors, including senior directors at some of the City’s top firms, have been quietly taking advantage of the perk to purchase holiday apartments in French ski resorts, coastal towns and even Paris with their self-invested personal pensions (Sipps).

It had been thought Gordon Brown had stamped out the practice in December when he reneged on an earlier promise to allow Sipps to invest in residential property from April 6, including buy-to-let flats and overseas holiday homes.

However, lawyers have found a way to circumvent the rules by purchasing tourist apartments under the French "leaseback" scheme. These are usually classed as commercial properties and so qualify for Sipps.

Sykes Anderson, a firm of solicitors, has purchased scores of French leaseback properties for its well-heeled clients in the past few weeks, and hopes to branch into Spain, and possibly other European countries that also offer leaseback. Another firm is touting property in Cyprus for your Sipp.

However, Sykes Anderson has asked all professionals involved in its scheme to sign confidentiality agreements to prevent precise details leaking out to the wider market.

There are fears the chancellor could clamp down on the practice if ordinary investors start to pile into the plans, as he did with residential property.

It emerged last year that investors were preparing to stockpile up to £10 billion in their Sipps to purchase buy-to-lets and holiday homes from April 6, which would have cost the government £4 billion in tax relief on the contributions. When the scale of interest became clear it was forced to backtrack on the rules.

David Anderson, chairman of Sykes Anderson, said: "Brown’s u-turn may appear to have ruled out using a pension to buy French property, but it is still possible. However, we do not see this as a mass-market product and we would certainly not want the man in the street to think about buying a leaseback property with his Sipp. With a pension of less than £300,000 to £400,000, fees will take a big portion of your fund."

Mark Nathan, 48, works for a well-known IT firm, and is one of the investors who has used Sykes Anderson to buy a leaseback property with his Sipp. He recently completed the purchase of a self-contained apartment within a chalet in Les Gets, a French ski resort.

Nathan said: "One of the main attractions is that I have control over my pension and the underlying asset. I also think there is potential for good capital growth -- demand for apartments in the Alps is strong and it is difficult to get permission for new builds."

However, he said prospective investors should not be under any illusions. "I have to point out that the process was complex, expensive in terms of the fees and very hard work," he said. "However, I am confident that the investment will provide a far higher pension income that I would obtain by investing the funds in the usual way."

Under the French "leaseback" scheme, you buy a self-contained tourist apartment in a development and lease it back to a management company, which then lets it to holidaymakers on your behalf.

The developments are particularly common in French ski resorts, where firms such as Pierre & Vacances manage the properties on behalf of their owners, and are also typically found in Paris and coastal towns such as Nice and Cannes.

They are classed as hotels, which are still eligible for Sipps -- as long as you do not have any accommodation rights over the property.

Most standard French leaseback schemes allow owners to stay in the property free for two to four weeks a year, so you would have to revoke this right before buying the flat with your Sipp. You would be able to stay if you paid an open market rent, but Sipp providers discourage it.

Revenue & Customs confirmed last week that leaseback properties qualify for Sipps. "Provided it is classed as a hotel and there are no rights to accommodation, it is not taxable and can be held in a Sipp," a spokesman said.

You do not have to invest through the leaseback scheme: you could always source a hotel or tourist apartment yourself and hire a management firm. But the leaseback scheme cuts out the hassle of finding a property and attracts generous tax breaks in France.

Leaseback properties are exempt from French VAT of 19.6% inside or outside a Sipp -- as long as you own them for at least 20 years. If you sell before then, you will have to pay back the VAT.

Leaseback Sipps also attract generous tax breaks in Britain. When you contribute to a UK pension, the government offers tax relief of 22p for every 78p invested. A higher-rate taxpayer can claim a further 18p through their tax return. So it would cost just £60,000 to get a fund of £100,000.

Your Sipp can also borrow 50% of the value of its assets to buy property, so you could buy a leaseback apartment worth £150,000 with a fund of £100,000 and an outlay of only £60,000.

French leasebacks generally guarantee a rental income of 4% or 5% after expenses for a fixed term, usually rolling periods of nine years. This would be paid into your Sipp and used to pay off any mortgage.

Anderson admits a rental income of 4% or 5% is little better than the return on a deposit account. The real reason why investors are buying leasebacks, he said, is for capital growth.

However, other professionals question the growth potential of leasebacks, which have to be new or totally rebuilt properties.

Peter Esders of John Howell & Co, a firm of international solicitors, said: "As with any new-build development, there could be a glut of supply if a lot of people decide to sell up at the same time."

Anderson recommends that you buy only in the most desirable parts of France to maximize your returns. "Don't think about Normandy, Brittany and Languedoc because you are just not going to get the returns."

***

Are the Schemes Worth the Cost?

Investors who want to buy property in a Sipp must prepare for a complex and costly process. We answer your questions.

* What types of property can be held in a pension?

In broad terms, commercial property is in but residential is out. Commercial property includes student halls of residence, old people’s homes, care homes and hotels, except where they provide accommodation rights.

Revenue & Customs said: "It is a hotel if the letting arrangements, accommodation and services provided are those that are usually provided by a hotel."

Lawyers are confident that French leaseback properties qualify because they are classed as hotels under French law. But you must ensure there is a watertight commercial lease and you have no rights to the property.

* What are the benefits of putting property in a pension?

First, there is tax relief from the British government. It pays 22p for every 78p contribution and higher-rate taxpayers can claim a further 18p.

Outside a Sipp, a UK resident would have to pay income tax at 40% on any rental income after mortgage interest from an overseas property, assuming he or she is a higher-rate taxpayer.

Inside a Sipp, however, there would be no UK tax, and French income tax on a leaseback apartment would be about 8%, according to Sykes Anderson, a firm of solicitors.

Leaseback properties are also exempt from French VAT of 19.6% inside or outside a Sipp -- as long as they are held for 20 years. If you sell before then, you have to pay back the VAT.

Your Sipp would also be exempt from any UK capital-gains tax. In France, tax of up to 16% may apply, depending on how long you have owned the property, but after 15 years there is nothing to pay.

Several Sipp providers are happy to carry out commercial property purchases, but many are still deciding whether they will include overseas property. Freedom says it definitely will, but Standard Life is undecided.

* How easy is it to sell a leaseback?

First, you will have to hold the property for at least 20 years if you want it to be exempt from French VAT in full.

Leaseback contracts normally tie you in for a fixed term, usually nine years, and there are generally penalties if you wish to get out before the end of the term.

After nine years you usually have the option of renewing the lease. If you do not, the property will become residential and your Sipp will have to sell it.

Some commentators say that it could be difficult to sell a leaseback property to a third party if there is a glut of supply, but management companies may offer to buy back the property at the end of the term.

Remember that you cannot get at the capital in a pension until you are 50, and this will rise to 55 from 2010.

At this point, you could either sell the property to release the capital or you could draw the rental income directly from the pension to fund your retirement. Income that is withdrawn from a pension is taxed at your highest rate.

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Ryanair Pitches Its Tent in France
By Craig McGinty, Cheapflights Ltd.
http://news.cheapflights.co.uk

If there is one market the low-cost airlines would love to crack it is domestic flights in France.

With the same population as the UK, across a country twice the size, the potential for cheap flights to all five corners of France is strong.

And I had these thoughts in the back of my mind when Cheapflights featured the news that Ryanair’s 16th European base was to be at Marseille Provence Airport on the Mediterranean coast (see Ryanair offers French connection).

Domestic French air travel is still dominated by Air France and it is able to wield its muscle when required. In March plans by EasyJet to start flights between Paris and Corsica were torpedoed by government officials who upheld the national carrier’s right to a monopoly on the route.

Although none of the 13 flights from Marseille will be going to another French town, three are set to operate to Morocco, the former French protectorate, providing the airline with valuable insight into the French market.

Another possible beneficiary from the Ryanair flights are businesses based around Marseille, Avignon and Aix-en-Provence, and those stretching out along the coast towards the Italian border taking in France’s own Silicon Valley.

Management consultant Peter Hornby, who has lived in the south of France since 1999, has seen the impact that the low-cost carriers have had on the region and tracks them on his Languedoc Page web site.

"Previously, many international destinations could only be reached via Paris or London," Peter said. "The establishment of this hub can only make the area a more attractive business location.

"And it shows that Ryanair has confidence in the future of low-cost flight carriers in France despite previous setbacks with Air France and French government policy."

The value of property prices is also likely to rise, although Provence needs little assistance as it has some of the most expensive homes in France, but the area is sure to enjoy a surge of interest not only from Britons, but other nationalities that the new routes will serve.

The effect that new flights to an airport can have on the value of a home is well noted, for example, property prices close to Bergerac Airport in the Dordogne increased by 157 per cent between 2001 and 2004.

"The tourism industry and property market will obviously benefit," Peter Hornby said. "However, Marseille already had low cost links to the UK and Germany. A large part of the growth will come from new destinations, particularly Belgium, Holland and Norway."

Considering that over the past few years Ryanair has succeeded in getting under the skin of many of the national carriers in Europe and forced them to change, it is going to be interesting to see if the Irish airline’s boss Michael O’Leary is able to stand toe-to-toe with Air France.

But this foothold on the Mediterranean coast may give him just enough to strike out for change in France, and it will be much easier to do so from within the tent than outside.

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Parler Paris, French Property Insider and John Howell & Co. Present the ...

Living and Investing in France Round Table --
An Afternoon with Adrian Leeds...and now John Howell, Ruth Mastron, GE MoneyBank and Schuyler Hoffman

May 27, 2006, 2:30 p.m. to 6:30 p.m.
at Historic Tujague's
823 Decatur Street
New Orleans

ROUND TABLE EXTENDED TO 5 1/2 HOURS!!!

If you've ever dreamed of moving to France, creating a new life in Paris, purchasing a "pied-à-terre" of your own or perhaps investing in other property in France, this power-packed afternoon with Adrian Leeds is a MUST.

New Orleans is Adrian Leeds' Home Town

New Orleans has a heritage that dates back to the Spaniards who settled there, to the French who turned it into the country's most cultured and fun-filled city and to all the others who followed and added a profound texture of culture and spirit. Before Hurricane Katrina struck, it was one of the most visited U.S. cities and is still host to such important events as the Mardi Gras and the Jazz Festival. New Orleans is also one of the only U.S. cities that can claim centuries of history not to mention the greatest food, music and art.

The Round Table

Round Table and Discussion will be led by Adrian Leeds, Editor of Parler Paris and French Property Insider, Director of French Property Consultation, author of the Leeds Good Value Guide to Paris Restaurants and co-coordinator of the Parler Parlor French-English Conversation Group!...

New Addition to the Round Table!...

John Howell, John Howell & Co., Overseas Law Solicitors and International Attorneys!

John is internationally well known for his thoroughly entertaining and brilliantly informative seminars about all aspects of buying property and living overseas. Last year he presented seminars in England, Scotland, Ireland, Norway, Sweden, France, Turkey and the US. He is also co-author of the Sunday Times guides to buying property in Spain, France, Italy, Turkey and The Emerging Markets of Eastern Europe. He is author of the two volumes of the prestigious Butterworth’s Encyclopedia of Forms and Precedents related to advising clients with international problems. On top of that, he is the author of the guide to Setting up a Small Business in France and has written numerous articles and guides to international law and practice, both for the general public and the professional press. Because he is such a fine presenter, he appears regularly on TV and radio as an expert on these topics.

There is nothing else you can do in less time and as inexpensively to learn the important facts you need to know to get you on the right road and in the right direction for a successful investment and life in France!

Click here to learn more about all Round Table Presenters...

The Round Table will give you an overview and introduction to each the following topics:

* Obtaining the Right to Be in France!
* Learning the Language!
* Buying and Owning Property in France!
* Profiting from the Leaseback Program, Corporate Housing in Paris (CHIP) and Other Investment Property Programs
* How to Rent Your French Property for Profit!
* Finding Your Dream Apartment in Paris or Home in the Country!
* Getting a Mortgage!*
* Minimizing Your Tax and Maximizing the Benefits!
* Reducing Your Currency Exchange Risk!
* Crossing the Cultural Divide!**
* Plus, you’ll get answers to all of your questions during a Q and A session...an opportunity to ask questions particular to your situation and receive answers you need to make your dream to live in France come true and how to invest in property there profitably.

*Special presentation by Philippe Vasseur and Meadda Ang, GE MoneyBank...How to Get a Mortgage!

 

The Round Table Location and Dinner (Open to Everyone!)

http://tujagues.com/
The Second Oldest Restaurant in New Orleans!
823 Decatur Street, New Orleans

Welcome to the 2nd oldest restaurant in New Orleans!

Located in the heart of the French Quarter, facing the historic French Market, Tujague's has retained its reputation for providing an unforgettable dining experience in the original Creole tradition. Tujague's has been a favorite for over 143 years, entertaining and satisfying the appetites of delightfully robust patrons to the French Quarter.

You'll think you've stepped back in time when you see the ancient mirror which graced a Paris bistro for ninety years before making its journey to New Orleans, or when you run your fingers across the famous cypress bar which splendidly survived prohibition. When you enter the restaurant and smell the aroma you'll be enjoying the same sensations as did brunch guests to Madame Begue's "petite dejeuner" all those years ago, as Tujague's serves-up those same famous dishes today!

The original Creole tradition of hand selecting fresh produce purchased daily from the open French Quarter market also continues today, ensuring cuisine of the finest possible quality. Sit back, relax and enjoy course after famous course of traditional New Orleans dishes and drinks!

Here's the menu:

• Shrimp Remoulade
• Louisiana Gumbo
• House Specialty Brisket of Beef with Tujague's Special Creole Sauce
• Choice of Main Course: Fish, Meat, Chicken
• Banana Bread Pudding
• Wine and Coffee

**Plus Special Guest Speaker Ruth Mastron!
Co-author of "Au Contraire: Figuring Out the French" and Vice-President of SoCoCo Intercultural

Ruth has delighted our Living and Investing in France Conference attendees for many years -- wowing the crowd with a fun, funny and insightful explanation of cultural misunderstandings you are sure to encounter upon moving to France. Not only is Ruth's message a valuable addition to the roster, but she is a fabulously entertaining speaker not to be missed. Thank you, Ruth!

Optional 3-Hour Tour
Sunday, May 28th 1 p.m to 4 p.m.:

HURRICANE KATRINA, “AMERICA 'S WORST CATASTROPHE”

Take the Grayline Tours eyewitness account of the events surrounding the most devastating natural disaster on American soil!! We've reserved seats for our special group to take the tour at $35 per person.

($3 will be donated to a non-profit organization of your choice [1 of 5] that has been directly affected by Hurricanes Katrina and Rita. Choice of charities: America's Wetlands, Habitat for Humanity, Louisiana SPCA, Tipitina's Jazz Foundation or New Orleans City Park.)

* Learn the history of the original city, the French Quarter, and why it was built at this particular location along the Mississippi River. * We'll drive past an actual levee that “breached” and see the resulting devastation that displaced hundreds of thousands of U.S. residents. * The direct connection between America 's disappearing coastal wetlands, oil & gas pipelines, levee protection and hurricane destruction will be explained. * Your tour guide will give a “local's ” chronology of events leading up to Hurricane Katrina and the days immediately following the disaster. * You'll be amazed at the volume and variety of products “offloaded” in the multimodal port of New Orleans , the second largest port in the country, and then distributed to your hometown. * Did you know that 30% of the seafood (fish, crabs, shrimp, oysters, and crawfish) harvested in the lower 48 states comes from the coastal wetlands in South Louisiana? * After this tour, you'll have a better understanding of events pre and post Katrina and the "Rebirth of New Orleans!"

Everyone is welcome to join in our group! Reserve in advance with Schuyler Hoffman by emailing [email protected]/parlerparis

Please make your payment of $35 per person when you arrive at 12:45 p.m. at the Grayline Meeting Point.

May 27, 2006 Round Table Schedule

1 p.m.: Registration
1:30 p.m. to 7:00 p.m.: Round Table with Adrian Leeds...and now John Howell, Ruth Mastron, GE MoneyBank and Schuyler Hoffman!
7:00 p.m.: Optional Dinner at Tujague's --

Dinner is Open to Conference Participants, Their Guests and Everyone Who Would Like to Join Us!

Round Table Also Includes

* Coffee Break Mid Afternoon
* Canvas Tote Bag with Free Gifts from Paris
* Reference Materials

Round Table and Dinner Fees
1st Person Round Table Only $147
1st Person Round Table with Full Cocktail and Dinner $197

Add a Spouse, Partner or Friend!
Two People Round Table Only $267
Two People Round Table with Full Cocktail and Dinner $367

Dinner for your friends or anyone who would like to join us! $67

Cancellation Policy

Round Table: Cancellations received on or before April 30, 2006, will receive a full refund, less a $50 processing fee. From May 1 - 15, 2006 a refund of 50% per person will be given, less a $50 processing fee. After May 15, 2006, the round table Round Table fee is non-refundable. Please call, fax, or email our offices immediately to avoid any unnecessary charges if you are unable to attend. If you cancel due to medical reasons that are covered by your purchased travel-insurance policy, we will advise the insurance company that your travel and conference or seminar fees are non-refundable. Any refunds issued by the insurance company will negate any credit due.

Protect Your Investment: We strongly suggest you protect your investment by purchasing trip-cancellation insurance. We are happy to recommend a policy to you. Please visit http://cruiseorairtravel.com/travel_insurance/insurance.htm for more information or contact Maria Maher at Agora Travel, mailto:[email protected].

Reservations and information:
If you'd like to know more about the Round Table or reserve your place, email Schuyler Hoffman.
U.S. OFFICE 9 a.m. to 6 p.m Pacific Time
Schuyler Hoffman, Special Projects Manager
Phone 1-310-427-7589
Email: [email protected]/parlerparis

Or sign up now.

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Property Consultation, Search and Relocation Solutions
http://www.adrianleeds.com/frenchproperty/consultation

Visit our new site!

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
http://www.adrianleeds.com/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: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.

Compare currency values easily and quickly by visiting:
http://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
http://www.adrianleeds.com/parlerparis/apresmidi.html

NEXT MEETING: June 13, 2006 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

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HOT PROPERTY PICKS: Marais Must-Sees!

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 http://www.adrianleeds.com/frenchproperty/consultation

*** Paris, 3rd Arrondissement, 3 rooms, approx. 62m²

Near rue de Bretagne on the fourth floor of a charming old building. Open living room, American-style kitchen with dining room, one bedroom, bathroom, a second bedroom used as an office. Quiet and bright.

Asking Price: 490,000 Euros + 2.5% Finder's Fee

 

 

 

 

 

 

 

 

 

 

*** Paris, 3rd Arrondissement, 3 rooms, approx. 83m² (893 sq ft)

This apartment is on the third floor and has a living room of 25m² with a kitchen/dining room, plus 2 bedrooms, 1 bathroom and 1 toilet.

Asking Price: 565,000 Euros + 2.5% Finder's Fee

 

 

 

 

 

 

 

 

 

 

*** Paris, 3rd Arrondissement, 3 room, approx. 71m²

In a lovely building, this 3 room apartment on the first floor has a double exposure on the street and courtyard. Quiet and bright, it offers a living room, 2 bedrooms, fully equipped kitchen, bathroom and toilet. With wood floors.

Asking Price: 570,000 Euros + 2.5% Finder's Fee

 

 

 

 

 

 

 

 

 

 

*** Paris, 4th Arrondissement, 5 room duplex, approx. 116m²

In the Marais near rue des Archives. On the fifth floor of a beautiful Haussmannian building with elevator. Large living room, 3 bedrooms, bathroom and toilet, cellar. Very bright with wood floors, fireplace and balcony with an engaging view of Paris.

Asking Price: 1,105,000 Euros + 2.5% Finder's Fee

 

 

 

 

 

 

 

 

 

*** Paris, 4th Arrondissement, 4 rooms, approx. 164m²

On the Quai de Bourbon, in a beautiful 17th century hôtel particulier, this magnificent apartment offers a large living room with paneling, dining room, master bedroom with a bathroom and walk-in closet, fully equipped kitchen. Features beams, wood floors and many extras including a maid's room and cellar.

Asking Price: 2,250,000 Euros + 2.5% Finder's Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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LEASEBACK NEWS FROM IMOINVEST
http://www.adrianleeds.com/frenchproperty/insider/sales/leasebacks/lb_list.php

CAP CORNICHE
France, Mediterranean Coast, Sète

NEW LISTING

Studio 26m² to 27m² Euros 117,000 to Euros 119,000

One Bedroom 38m² to 38m² Euros 159,000 to Euros 165,000

EXPECTED RENTAL INCOME UP TO: 4.00%

 

Fantastic sea views over the Mediterranean with a direct foot path leading to the beach at Lazaret just 50m away and Corniche beach only 300m away. This three centuries old town is placed like a pearl between the Mediterranean Sea and the Thau Pond. Situated at the foot of Mont Saint-Clair along the Mediterranean, this stunning complex is located in a charming residential district of Sète. Often referred to as the 'Little Venice of Languedoc," Sète has very typical quarters crossed by canals reflecting the colourful facades. This is a seaside resort as well as a city with businesses open all year round. Situated only 30km from Montpellier, close to shops and approximately 1500m from the town centre. Sète's old harbour is approximately 1.5km from the residence.

The existing residence is in the heart of the Languedoc and is in the process of being extensively refurbished. It is scheduled to reopen for the summer season 2006. Situated on two hectares (5 acres) of land located on the waterfront, the building offers an agreeable, airy and dynamic architecture. A vast panoramic terrace surrounds the swimming pool which has two basins, one especially for children. Two tennis courts are across the main entrance. All the apartments are south-facing and offer an outstanding view overlooking the sea. All upper floor apartments have open or closed loggias and/or terraces. The ground floor apartments have a paved terrace. A foot path along the side of the building gives access to the two neighboring beaches. An automatic gate gives access to the building and there is electric door access to underground parking. This is a secured residence with digicode and general access control.

Apartments may be purchased as a classic holiday property offering the owner complete flexibility of usage to enjoy this popular seaside resort. However, there is a choice of rental options if preferred to offer income returns as well as potential high capital appreciation in this up and coming area. Nearby you will find casinos, cinemas, shops, restaurants and cafes. Flexible holiday home or "Buy to Let" investment options. The Languedoc-Roussillon region tops the list with an annual regional price increase of approximately 28.4%!

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For Sale
An Exclusive Property Offered by French Property Insider Near the Eiffel Tower!

This charming studio apartment was renovated and designed as a short term rental apartment and has been successfully achieving high rental returns since it was first launched. This is your opportunity to purchase a "turnkey" property that has a history of success and provides you with a personal home away from home when you're here in Paris.

Description:

It is located in the heart of Paris, in the 7th arrondissement on the Left Bank. This is unquestionably one of the most sought after neighborhoods of Paris. Monuments such as the Invalides, Eiffel Tower and Rodin Museum are a few minutes walk away; there are more open markets in this arrondissement than any other in Paris. And the apartment is surrounded by restaurants, shops, cafés and open markets. The famous rue Cler market street is two blocks away!

The apartment is small but darling: 155 square feet and newly remodeled with every comfort and convenience. The rental price is less than any hotels in the neighborhood with the added benefit of a kitchen, comfortable sofa, separate queen-sized bed and even a washing machine!

Walk through the quiet courtyard and up a short flight of stairs (no elevator) to the apartment located on the first floor (second floor American). Open the door to a small entryway with newly remodeled bathroom straight ahead, studio to your left and utility cupboard to our right.

The living room is a study in efficiency: pale closets line the entire wall on the left for plenty of storage: hanging, shelves, drawers and even shelves for shoes. A desk with fast adsl computer line is to the left of the cupboards; great for catching up on your emails or working. The comfortable beige sofa is directly in front of you, high quality and excellent for relaxing at the end of a long day of sightseeing and shopping. There is plenty of lighting -- there are up lights and two halogen lamps on either side of the sofa for easy reading.

An armchair in pale colors sits in the corner and doubles as a desk chair.

On your right find a small round table with two chairs upholstered in navy blue for dining together. The table sits in front of the windows which are large provide good light. It overlooks the quiet inner courtyard, meaning you can get a good night's sleep.

The small kitchen is perfectly designed with pale cabinets and counter lighting. There is an under the counter refrigerator with small freezer compartment, a combination microwave/convection oven so you can either microwave or bake, a large sink and dual burner induction stove. We had a special cutting board installed to provide extra work space over the burners so you can easily prepare meals.

There is a flat screen TV with dual standard DVD player, so you can bring over your favorite American movies for your stay. A stereo means you can also bring over your favorite cd music. Hook up your computer to the fast adsl line and you are home!

The piece de resistance of our apartment is the bed: we invested in a top of the line queen-sized bed which operates with a patented pulley system from the tall ceiling. It pushes up to the ceiling with a touch of a finger in the morning and slides down at night when you are ready for bed. Nothing could be easier and this bed truly transforms studio living. No more sagging double sofa beds or uncomfortable futons -- a real queen-sized bed for a great night's sleep.

The bathroom has just been remodeled in white tiles and features a shower with both fixed and flexible shower heads by Hansgrohe, the top of the line from Germany, a sink, toilet and plenty of cupboard space. There is a hairdryer so you don't have to bring one and plenty of towels and linens.

The utility closet has also been utilized to the last inch, providing extra storage and a narrow washing machine by Miele, the best you can buy.

The Neighborhood:

This part of the 7th arrondissement is one of the best in Paris for shops, restaurants and fantastic food stores. Guests love the fact that they are staying in the center of Paris and can experience life as the Parisians do. Bakery, fruit/vegetable shop, butcher, cheese shop, small supermarket are all on our block. Rue Cler is 2 blocks away and is famous for its food market; cheese shops, fishmongers, bakeries, fresh fruits/vegetable shops, patisseries and bakeries. The busiest day is Sunday, where families line up at their favorite shops to buy the ingredients, select cheeses and desserts for their traditional Sunday lunch, even ordering their Camembert and St. Felicien to the correct ripeness. Three other open markets are minutes away. The Champ de Mars park is 5 minutes walk; great for running, picnics, biking, basketball and enjoying the Eiffel Tower. Shopping, Restaurants, Museums, Sightseeing, Running, Walks Picnics, Park, Playgrounds are all nearby.

This small studio is completely charming and makes a delightful home for one or two people in Paris. The value is tremendous as it is located in one of the best and safest neighborhoods in Paris -- and costs less than any hotel room in the neighborhood.

Serious buyers only: For more information and to inquire price, contact [email protected]

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

Next sessions: June 6, 2006, 1:30 p.m. and June 13, 10 a.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 website 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:
http://www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html

2 rooms 40,65 m² rented 10 rue Bisson 75020 PARIS 20th Opening Bid: 40,240 Euros Deposit: 14,300 Euros	3 rooms 38,20 m² rented 10 rue Bisson 75020 PARIS 20th Opening Bid: 62,220 Euros Deposit: 16,250 Euros
3 rooms 41,15 m² rented 10 rue Bisson 75020 PARIS 20th Opening Bid: 69,955 Euros Deposit: 14,950 Euros	2 rooms 38,85 m² rented 10 rue Bisson 75020 PARIS 20th Opening Bid: 32,385 Euros Deposit: 13,000 Euros
5 rooms 85,20 m² 21 rue Descombes 75017 PARIS 17th Opening Bid: 310,000 Euros Deposit: 62,000 Euros	3 rooms 50,70 m² 21 rue Descombes 75017 PARIS 17th Opening Bid: 185,000 Euros Deposit: 37,000 Euros
2 rooms 30,20 m² 21 rue Descombes 75017 PARIS 17th Opening Bid: 110,000 Euros Deposit: 22,000 Euros	3 rooms 50,10 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 150,000 Euros Deposit: 30,000 Euros
2 rooms 30,60 m² 21 rue Descombes 75017 PARIS 17th Opening Bid: 110,000 Euros Deposit: 22,000 Euros	3 rooms 49,30 m² 21 rue Descombes 75017 PARIS 17th Opening Bid: 170,000 Euros Deposit: 34,000 Euros
2 rooms 29 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 92,000 Euros Deposit: 18,400 Euros	3 rooms 45,20 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 134,000 Euros Deposit: 26,800 Euros
Studio 25,60 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 66,000 Euros Deposit: 13,200 Euros	4 rooms 96 m² 81 boulevard Brune 75014 PARIS 14th Opening Bid: 340,000 Euros Deposit: 48,000 Euros

 

June 16, 2006

Studio 42,55 m² rented + parking vacant 89 rue Compans 75019 PARIS 19th Opening Bid: 105,000 Euros Deposit: 21,000 Euros	3 rooms 110,20 m² 6 rue de Bénouville 75016 PARIS 16th Opening Bid: 520,000 Euros Deposit: 92,000 Euros
2 rooms 29,6 m² 14 rue de La Bruyère 75009 PARIS 9th Opening Bid: 95,000 Euros Deposit: 19,000 Euros	4 rooms 60,3 m² 64 bis boulevard Garibaldi 75015 PARIS 15th Opening Bid: 200,000 Euros Deposit: 40,000 Euros
2 rooms 28,7 m² 22 avenue d'Eyleau 75016 PARIS 16th Opening Bid: 140,000 Euros Deposit: 28,000 Euros	4 rooms 127,10 m² 7 avenue Franco-russe 75007 PARIS 7th Opening Bid: 690,000 Euros Deposit: 138,000 Euros
Studio 17,6 m² 32 rue Piat 75020 PARIS 20th Opening Bid: 48,000 Euros Deposit: 9,600 Euros	10 rooms 380 m² + 2 maid's rooms + garage 48 rue de Grenelle 75007 PARIS 7th Opening Bid: 2,700,000 Euros Deposit: 540,000 Euros
2 rooms 28,80 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 58,000 Euros Deposit: 11,600 Euros	2 rooms 29,40 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 56,000 Euros Deposit: 11,200 Euros
2 rooms 26,60 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 48,000 Euros Deposit: 9,600 Euros	2 rooms 28,10 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 59,000 Euros Deposit: 11,800 Euros
2 rooms 28,10 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 33,000 Euros Deposit: 6,600 Euros	2 rooms 28,20 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 74,000 Euros Deposit: 14,800 Euros
2 rooms 28 m² rented 21 rue Descombes 75017 PARIS 17th Opening Bid: 67,000 Euros Deposit: 13,400 Euros

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SEEKING A MORTGAGE IN FRANCE?

Let us help you secure a mortgage in France with interest rates as low as 3%. Visit http://www.adrianleeds.com/frenchproperty/loan for more information.

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

INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS

Don't forget that with your FPI subscription you are entitled to a discount on the purchase of any Insider Paris Guides. You'll find details of the guides at http://www.insiderparisguides.com/. When ordering, a box will pop up allowing you to enter the following:

Username: fpi
Password: subscriber

Order more than one guide at a time and you will receive an additional discount!

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

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
http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/index.html

To receive your free French Leaseback Report or the Paris Property
Report, click on
http://www.adrianleeds.com/frenchproperty/insider/members/content/reports.html

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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 ===

==APARTMENT RENTAL==

Coming soon...Parler Paris Apartments rental representation at adrianleeds.com/parlerparis/apartments. If you have a property in Paris you'd like to keep booked and represented properly, please email [email protected] for more information.

For all short term rental apartments in Paris, take a look at ttp://www.adrianleeds.com/frenchproperty/insider/shortterm.html or
http://www.adrianleeds.com/frenchproperty/insider/longterm.html for long term apartments.

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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

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Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com