French Property Insider, Weekly E-Zine About Investing in France

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French Property Consultation
Your Complete Solution to a New Home in France..
Let the Adrian Leeds Group guide you through the process with ease and peace of mind... to have your very own pied-à-terre in Paris or home in the French countryside.

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Grandson of Pablo, Bernard Picasso, once owned and resided in this 164.5 square meter duplex at 17 Place des Vosges, also known as the "Hôtel de Chabannes" mansion or "Flers." Other illustrious residents at this address include Jacques-Bénigne Bossuet (September 27, 1627 – April 12, 1704, a French bishop and theologian, renowned for his sermons and considered by many to be one of the most brilliant orators of all time), and Jack Lang, past Minister of Culture (1981 to 1993, except for one small reprieve when François Léotard had the post from 1986 to 1987).

It's current American owner who has lived there and enjoyed it many years, is making it available to an exclusive buyer.

The square (140 meters x 140 meters exactly), originally known as the Place Royale, was built by Henri IV from 1605 to 1612 on the site of the Hôtel des Tournelles and its gardens. The history starts with a tournament at the Tournelles, a royal residence, when Henri II was wounded and died. Over the years, the royal gated residence lost its grandeur and became a slum until André Malraux, the Minister of Culture from 1959 to 1969, responded to local initiatives to protect historic neighborhoods in 1962. At the time, 30% of the residences in Le Marais had no running water and 68% had no private toilets.

Today, the Place des Vosges is the chicest address in Paris. According to meilleursagents.com, on October 1st, prices at #17 were as high as €26,390/m², averaging €15,464/m².

The apartment is a duplex with a bedroom and bath on each level. An open loft overlooks the spacious living/dining room. At the entrance is a powder room. A small office is adjacent to a large and beautifully equipped contemporary kitchen with breakfast room. The building has an elevator, a two-car closed garage and a cellar. It lacks nothing, with views on the Hôtel Colbert Villacerf at 23 rue de Turenne and the courtyard at number 17. Appointments in the apartment, including the hand-forged iron railings, handles, knobs, tile work and other decorative items were created by Picasso himself.

The American owner created an unusual structure for the property that enables the buyer to purchase the property in the name of a U.S. Limited Liability Company which changes nothing about the French title, and therefore no transfer taxes and fees would be due. This is a savings to the buyer of about 7% to 7.5%.

The asking price: 2.4 million euros (€14,545/m2) with negotiation possible. There is a finder's fee imposed of 3% with a cap of €60,000. All in all, this property is a bargain, if not one of the city's most elegant residential spaces.

P.S. French Property Insider will take a one-issue break on Thanksgiving Day, November 25th. Happy Turkey Day!

P.P.S. Be sure to plan on coming to Parler Paris Après Midi next Tuesday, November 9th from 3 to 5 p.m. to get to know other Parler Paris readers! It's free and it's easy. For details, visit parlerparis/apresmidi.html

Some people really know how to live. They know how to dress with style. They know how to dine deliciously. And they know how to travel in luxury.

These are the people who don't settle for less and now at Parler Paris Apartments, they don't have to. Now they can go to one place and choose from a selection of our most luxurious and palatial vacation apartments: Paris Palais Apartments.

Paris Palais is one click away from finding large and spacious, beautifully and professionally decorated, completely equipped and functional vacation rental apartments that accommodate up to eight in your party -- all in the center of Paris just steps away from the city's main attractions and neighborhood amenities.

Book now to enjoy the magical holiday season and ring in the New Year in the City of Light! It's just one click away: parispalais.com or email: apartments@adrianleeds.com for more information

Own a Piece of Paris. Fractional ownership is the hottest way to own your piece of Paris simply, easily and inexpensively! Here is just one of the offerings available through French Property Fractional:

L’Abbaye Lutece - A two bedroom, two bath ground floor apartment on a medieval courtyard next to Notre Dame

For more information on this and other fractional ownership properties now available or to learn how you can design your own property, visit French Property Fractional

Transfer Currency and Save Money in the Process...
with Moneycorp

When you're buying a holiday home or investment property overseas, trading your currency can be a crucial cost factor. The euro exchange rate is constantly fluctuating, so trading at the right time will mean your money goes a lot further. Adrian Leeds Group, LLC and Moneycorp are working together to ensure you make the most of your Dollar or Sterling when buying a property in France or anytime you transfer from one currency to another.

For more information, visit: moneycorpconvertor.html

Watch Adrian Leeds and French Property Consultation on House Hunters International...New Dates!

***"Settling Down in Paris" - Episode HHINT-402
AIR TIMES:
December 7, 2010
12:30 PM e/p
House Hunters International Episode HHINT-402

***"Vacation Home in Paris" - Episode HHINT-1A05***
AIR TIMES:
December 16, 2010
7 :00 PM e/p
House Hunters International Episode HHINT-1A05

To learn more, visit AdrianLeeds.com or email Adrian Leeds, at adrian@adrianleeds.com