Paris Furnished Apartment Market Report: 1st Half 2009
By New York Habitat

The 1st half 2009 Paris Market Report looks at the challenges that the Paris Vacation Rental and Furnished Apartment market segments faced in the 1st half of 2009. Some of the key findings include:

To read the full report, click here:
http://www.nyhabitat.com/e-doc/paris-furnished-market-report-first-half-2009.pdf.

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Paris Furnished Apartment Market Report: 1st Half 2009
By Adrian Leeds

Rental Manager, John Rule, and I reviewed the New York Habitat report to determine if their findings were similar to ours at Parler Paris Apartments (http://www.adrianleeds.com/parlerparis/apartments). Our conclusion is this:

New York Habitat represents thousands of apartments and therefore has a much broader range from which to create such a report. Because they are not a full service managing agency, large apartments are less likely to be represented by them and therefore the findings on apartments of more than two bedrooms may not be as accurate as their findings on studios, one bedroom and two bedroom apartments.

The rental rates they post are net to the owner and therefore, when reviewing the rental rates on the market, keep in mind that agency-represented properties will be 20% to 40% higher than those noted in this report.

We do believe, however, that in general, their findings are correct. Rental rates and occupancy are down from previous years, but apartments that offer good location, quality amenities and priced well will perform better. Our apartments are all luxury properties and therefore our own experience shows less of a down trend than theirs.

What was surprising in their report is that Le Marais was the most popular district. In the past, it was Saint-Germain-des-Prés that took most of the requests...however, we question if their finding is skewed by the number of apartments offered in each area compared to the actual rentals or if because apartments in Le Marais were less expensive, therefore achieving a higher occupancy rate. Their report does not include "requests," but only valid completed rentals. If this finding is true, then it is clear that a property in Le Marais will produce a better return on investment as prices are lower by 2,000 to 5,000 euros per square meter, yet rental returns could be equal or higher in Le Marais compared to Saint-Germain-des-Prés.

We do agree with the general rate averages and average length of stays, but are mindful that their sampling is different from ours and therefore we have a slightly different experience. Yes, we agree, too, that Paris is still the number one destination in the world and that apartments offering a good mix, and particularly those of the highest standard, will fair better in a down market than the others.

Editor's Note: For more information, contact John Rule, apartments@adrianleeds.com or visit http://www.adrianleeds.com/parlerparis/apartments.

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When you renew your subscription for one more year or newly subscribe to French Property Insider at 50% off the regular subscription price (only $29 instead of $57.50 for 50 issues), you will be entitled to participate FREE OF CHARGE to a special Conference Call on Sunday, October 18th...

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Subscribe or renew your subscription now!...for only $29 for 50 issues plus call in on October 18th to learn more about the differences between owning your own apartment or a fraction of one!

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Letter to the Editor
From John B. Dale

Adrian,

I read with much interest your email of Wednesday, September 16 (Setting Sights on the Sea) on your search for properties in Nice. I wanted you to be aware of something interesting which may be related to the apartment building you are looking in at the far eastern end of the Quai des Etats-Unis next to the Hôtel Suisse.

The French artist, Raoul Dufy, once lived in an apartment building at the same end of the Baie des Anges, and he had a view almost identical to the one you posted in your photo in your email. Dufy painted this view of his apartment in a well known painting which I am attaching for you below. (A large framed print of it is hanging in my office. I am looking at it as I write this.)

My wife and I stayed at the Hôtel Suisse several years ago and our room also had a similar view. Only later, by accident, did I become aware of Dufy's painting from his apartment, which has the same view. I was never able to determine with any certainty if Dufy lived as a boarder in an apartment building, which perhaps later became the Hôtel Suisse, or in another apartment building next door or nearby. But I wanted you to be aware of this somewhat interesting possible connection just in case it was the same building (or indeed unit) you were looking at. The proprietors should know if Dufy lived there or not, I would think. If you are still looking at that apartment, it might be an interesting question to ask.

All my best. One of your biggest fans. (We would be great partners!)

R/John

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Dear John,

Thank you so much for point this out. The agency that represents the apartment took your quest to heart and this is what we learned:

Yours sincerely,
Nareg BAGDASAR
107 PROMENADE
Nice FRANCE

Editor's Note: To learn more about this property, visit http://www.adrianleeds.com/frenchproperty/insider/members/ or email us at adrian@adrianleeds.com.

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Raoul Dufy
From Wikipedia.org

Raoul Dufy (3 June 1877 – 23 March 1953) was a French Fauvist painter. He developed a colorful, decorative style that became fashionable for designs of ceramics, textiles and decorative schemes for public buildings. He is noted for scenes of open-air social events.

To read more, visit:
http://en.wikipedia.org/wiki/Raoul_Dufy

Dufy died near Forcalquier, France, on 23 March 1953, and was buried not far from Matisse in the Cimiez Monastery Cemetery in Cimiez, a suburb of the city of Nice, France.

 

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Stability ‘makes France easier to buy international property in’
By Tom Britten

http://www.halifax-international-expats.com

France is an easier place for international property buyers to make a purchase in, it has been stated.

Director of overseas mortgage brokers Conti, Clare Nessling, told the Independent that the country has a greater mortgage availability than most because of its different approach to banking.

"They [French banks] certainly haven’t taken the extreme view that most UK lenders did. Throughout the credit crunch we’ve still been able to get 100 per cent mortgages in France for loans over €250,000 (£230,000)," she stated.

Around four out of five mortgages in the country are fixed-rate deals, the paper noted, suggesting this adds to the stability of the market...

To read the entire article go to http://www.halifax-international-expats.com/stability-makes-france-easier-to-buy-international-property-in-19382895/.

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Munich Beats European Cities by Real Estate Investment Appeal

http://www.ecommerce-journal.com/

Munich is the most attractive European city for real estate investment judging by the level of demand, surpassing London and Paris, due to its diversified economy and growing population, according to a report by LaSalle Investment Management.

“This report is slightly confusing in that it only focuses on the demand side,” Robin Goodchild from Lasalle Investment Management told CNBC. “The pricing side is subtly different, and the pricing has actually been more extreme here in London and actually in Paris.”

London slipped to 8th in the city ranking, but Goodchild said it will “rise back up.”

“Munich and Paris have been neck and neck for the last few years,” he said “and they’re going to stay strong.” He said Paris will stay in the top three and Munich in the top five and “may actually challenge because it is the German city that is doing the best.”...

To read the entire article go to http://ecommerce-journal.com/news/24291_munich-beats-european-cities-real-estate-investment-appeal?drgn=3.

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France's Real Estate on the Mend
By Graham Norwood

http://www.business24-7.ae

I spent a few days in France this week – work and pleasure, mixed – and realized that the country is perhaps something of an unsung hero of the real estate recession. It has suffered of course. I was in the Luberon, part of Provence, about two hours inland from Marseille. The rural idyll had plenty of homes lingering on the market for more than a year thanks to a drop in overseas buyers. Go into Marseille itself and there has been a visible increase in the vacancy rate of commercial property.

But the severity of the downturn, in property terms, is less than in much of Europe, and far below that of north America and parts of Asia. The figures prove the point.

The French commercial market was static in the first quarter of 2009, showing no price changes nor drop off in transactions, after two years of valuation declines and reducing numbers of sales and rentals. But three big deals in the second quarter of 2009 show things may be on the mend.

In the spring, a major Paris retail outlet at Rue du Faubourt Honore was purchased by a prominent French store chain for just above €103 million (Dh555m); in the summer a German firm snapped up offices in Lyon for €40m; now another Parisian store, in the famous Boulevard Haussmann, has been bought for more than €50m.

By the standards of 2006, these acquisitions would be unexceptional, but by the standards of 2007 and 2008, they are bordering on the miraculous.

I am not painting an overly optimistic picture here. The French market is still in tough times and funds are still in distress – the country's SCPI investment funds recorded only €123.5m in foreign investment in the first half of 2009, a drop of 76 per cent on the €513m for the same period a year earlier. But the market is improving and with the wider economy of France now formally out of recession, commercial realtors report dramatically increased international interest in recent months...

To read the entire article go to http://www.business24-7.ae/Articles/2009/10/Pages/30092009/10012009_c1703e69d6a44943b2b56f6ce53e33d8.aspx.

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One-Hour Consultation with Adrian Leeds Free!

 

If you are a guest staying in any one of our luxurious Parler Paris Apartments, and would like to consider having your own "pied-à-terre" for your pleasure and profit, contact Adrian Leeds for a FREE one-hour consultation while you're enjoying the apartment in the City of Light. Visit http://www.adrianleeds.com/parlerparis/apartments for more information or email me at adrian@adrianleeds.com.

 

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PARLER PARIS APARTMENTS

Parler Paris Apartments 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 heir best for your 100% guaranteed satisfaction.

SPOTLIGHT APARTMENT(S): Last Minute Special Rate: Studio Le Provençal (and others) Now Available for the Fall! Ask about the special discount on last-minute reservations...

Rue Charlot
3rd Arrondissement, Le Marais
Large Studio, Sleeps 2

"Le Provençal" studio, located on the quiet courtyard of a very charming 18th-century building in the heart of Le Marais, is the pride and joy of owner, Adrian Leeds, editor of the Parler Paris and French Property Insider newsletters. There isn't an apartment in Paris more charming and cheerful...ask all who have had the pleasure of staying here. Le Provençal is completely equipped in spite of its size! Complete with a king size bed that converts to twin beds when desired, a Siemens brand washer/dryer combination, espresso maker, microwave, toaster-oven, two-burner ceramic stove, refrigerator, high speed Internet, flat screen TV, DVD player, stereo, and free(!) long distance phone service, this delightful and cozy studio makes a perfect Parisian home for one or two.

www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html.

Reserve now! Visit www.adrianleeds.com/parlerparis/apartments or email:apartments@adrianleeds.com.

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Brad Pitt to Build Airport Near French Estate
By Lori Smith

http://www.denverpost.com

Brad Pitt's looking to buy property surrounding his and Angelina Jolie's French estate, Chateau Miraval, to build an airport so the family can fly in and out unseen by paparazzi.

Brangelina plunked down $60 million for the 1,000-acre estate in the South of France, which features 35 bedrooms, a vineyard, lake, forest and a moat.

A source told the New York Post, "One thing he loves about the estate is the privacy it affords. Nobody can get near it. So with Angelina completing her pilot's license, their own airstrip would give them total freedom to come and go."

To read entire article go to http://www.denverpost.com/celebritybuzz/ci_13411703.

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HOT PROPERTY PICKS: Le Marais vs St.-Germain

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.

This week we focus on some interesting property opportunities, suitable for rental, found in the Marais and Saint-Germain-des-Prés.

	*** Marais, 3rd: One-bedroom, approx. 37m² Magnificent two-room apartment located in a 17th century building in perfect condition. The apartment has exposed beams and stone from the period and is completely renovated and full of charm. There is a spacious living room with open, fully equipped kitchen. The bedroom faces a quiet courtyard and has an ensuite bathroom. All the historic charm and located in the heart of Paris. Asking Price: € 294 000 + 2.5% Finder's Fee
	*** Marais, 4th: One-bedroom, approx. 64m² Located in the heart of the Marais near the Pompidou Centre, Hotel de Ville and Notre Dame. This one bedroom apartment has all the charm of Paris. The apartment has mix of original details from the 18th century including Point d'Hongrie parquet floors, tomettes, exposed beams, fireplace and a pleasant view. The apartment is located on the third floor, has a southern exposure. There is a separate bathroom with bathtub and WC. Near plenty of shopping, restaurants and cafes. The building has digicode and Interphone security. Perfect as a pied à terre or rental investment. Asking Price: € 515 000 + 2.5% Finder's Fee
	*** St-Germain, 6th: Studio, approx. 28m² Nestled in the heart of chic Saint-Germain-des-Prés, down a quiet passage way is this charming studio apartment. Located on the 4th floor of a beautiful 18th century building with elevator, this apartment is comprised of a living room with alcove, open kitchen and renovated bathroom with shower. The flat is in very good condition and requires no work. This is an ideal investment property or pied a terre as this property is quiet and very agreeable for life in the Saint-Germain. Asking Price: € 315 000 + 2.5% Finder's Fee
	*** St-Germain, 6th: One-bedroom, approx. 40m² In perfect condition and situated in the lively Latin Quarter near the Panthéon, on the first floor of a 19th-century building with elevator and gardien, a compact one-bedroom apartment with parquet floors, new and fully equipped open-plan kitchen, large modern bathroom and walk-in bedroom closet. Courtyard location assures absolute quiet. Cellar storage space. Asking Price: € 495 000 + 2.5% Finder's Fee

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The Next Notaires' Property Auction

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 Web site at www.encheres-Paris.com.

To read Schuyler Hoffman's article about the property auctions in Paris, click on:
www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html.

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	The following properties will be auctioned off October 13, 2009:
	2009-19-04 Studios 12m² 60 rue de Cléry 75002 - PARIS 2eme Starting Bid: 27 000,00 € Deposit: 3 000,00 €
	2009-19-05 2 Rooms 33m² 38 rue du Château des Rentiers 75013 - PARIS 13eme Starting Bid: 144 000,00 € Deposit: 14 400,00€
	2009-19-03 3 Rooms 89m² 64, rue du Rendez-vous 75012 - PARIS 12eme Starting Bid: 440 000,00 € Deposit: 88 000,00 €

Editor's Note: If you look at the properties on the Notaire's site (www.encheres-paris.com), when you click on the information for a particular property there is also a link to Google Maps to show you exactly where the property is located.

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Money Matters for Women Conference
Saturday, October 17, 2009
REGISTRATION OPENS SEPTEMBER 1ST!

If you've never benefited from financial coaching, this is the place for you!

Come hear Adrian Leeds enlighten you on "Property Investment in France" 2 p.m. to 3:15 p.m.!

MONEY MATTERS FOR WOMEN is a half-day conference held in Paris, France for today’s global woman who wants to understand her current financial situation, plan intelligently and take proactive steps in managing her money.

The conference features:

- A dynamic keynote speaker
- Nine concurrent presentations and discussions with professional financial information
- A closing session for all conference attendees and a networking cocktail reception to end the day

This conference recognizes that women have unique financial goals and challenges which must be addressed. So invite your daughter, friend or neighbor to share in this empowering experience and walk away with more confidence and the tools to own your financial uture.

The Money Matters for Women 2009 conference is presented by WICE and hosted by The American University of Paris. Special thanks to Smart Women Products for their continued support of this conference.For more information and to register, visit http://www.moneymattersforwomen.org.

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Luxury Property Show Announced
Compiled by Schuyler Hoffman

* Luxury Real Estate Trade Fair Loves Paris in the Autumn *

Not everyone can afford a private island or a fancy penthouse on New York’s Upper East Side. Still, for those who can, an invitation to the Luxury Real Estate Trade Fair will be just the thing to make the autumn seem brighter. And where better to promote high-end property than Paris, the world capital of chic? This elegant ambience will be further enhanced by the venue, Paris’s famous Musée du Louvre.

On the 27th, 28th and 29th of November 2009 Prestige-Paris will celebrate its third birthday with the assistance of France Convention, a specialist in niche and luxury trade fairs. This year’s gathering will be required both to meet the visitors’ very demanding expectations and outdo last year’s exceptionally successful event.

The recent recession has failed to affect the luxury sector as much as the rest of the economy, in fact the latest figures have revealed that the Parisian real estate market has improved. It seems that the most beautiful and luxurious homes never fail to find a buyer, a thought that will encourage participants in this most prestigious property exhibition.

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SEEKING A MORTGAGE IN FRANCE?

When you make a purchase as important as a piece of real estate in a foreign country, you ant 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 www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com

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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: www.onlineconversion.com/

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Parler Paris Après Midi: Next Meeting

 

www.adrianleeds.com/parlerparis/apresmidi.html

The second Tuesday of every month, Parler Paris and French Property Insider readers gather at La Pierre du Marais for a drink and a "schmooze" --It's an opportunity to meet and chat with other like-minded people and a great way to make friends! Costs nothing except your drinks. Don't miss the next gathering Tuesday, October 13th, 2009 from 3 to 5 p.m. and every second Tuesday of the month (except August).

 

 

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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?

It's easy...

1. Go to 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."

Simple!

Of course, we're always happy to help, so if you do need assistance, send an email to fpi@adrianleeds.com.

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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 Web site. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
www.adrianleeds.com/frenchproperty/insider/membersTo receive your free French Leaseback Report or the Paris Property
Report, click on
www.adrianleeds.com/frenchproperty/insider/members

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We wanted better guides, So we wrote them!

Insider Paris Guides are written for people who love the City of Light. You'll get a Paris insider perspective on Restaurants... Making a Life... Black Culture... Expat Writers...and the newest guide, Practical Paris!

French Property Insider subscribers receive a discount of 10% off any uide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). 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
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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:
www.insiderparisguides.com/offer

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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!): www.adrianleeds.com/parlerparis

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