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French Fantasy: Kitchens, Castles and Collections
(FOR SUBSCRIBERS ONLY) February 26, 2009 Bonjour French Property Insider Subscriber, At a meeting this morning of a committee of the "Copropriété" (homeowners association) of number 9 Place des Vosges, with the director of a well-respected real estate agency among the mix of representatives, we looked out the tall windows onto the elegant Place des Vosges and discussed the price of property in Paris. Emmanuel de Poulpiquet, director of Féau Marais remarked that while prices in the district have come down by as much as 15%, property in the Place des Vosges was selling between 15,000€ and 20,000€ per square meter, and on the average 18,000€ per square meter, with no sign of softening. This, of course, is due to the fact that there is virtually no available property on the Place and property of this stature will forever retain its value. We were seated around a long glass table in a newly renovated apartment of the second floor, with exposed 17th-century beams and freshly painted pale blue walls. With members of the "Syndic" (management firm) and owners, there was a sense that they were overseeing much more than just a residential building. In the way that they spoke of each apartment...who owned, who sold, who renovated...there was a very personal and emotional side to their discussion. I took them to see "Le Palace des Vosges," the Fractional Ownership property we are developing in building "I" at the back of the second courtyard at number 9. They were amazed at how the large space, once the stables for the horses, cows and chickens, was in the process of becoming a luxurious apartment for foreigners. I learned that about three out of four residents in the Place are international...yet I found that hard to believe. In today's issue of FPI, we report on the demolition and renovation of Le Palace des Vosges, offer up Fantasy French Kitchens to install in your next château or "pied-à-terre," bargain châteaux (now's a great time to buy!), the latest tax news and a report on the "auction of a century," the collection of Yves Saint Laurent and his partner, Pierre Bergé, that has broken all records. In a very synchronistic way, a large three bedroom apartment just went on the market which is located directly below our own "Penthouse Voltaire" short-term rental apartment and so we feature both in today's issue, along with other properties, châteaux throughout France. There's lots to read and dream about in today's FPI, but we're here to help you turn your fantasies to realities. A bientôt, Adrian Leeds
Volume VII, Issue 9, February 26, 2009 In this issue: * Deconstructing Le Palace des Vosges
Demolition
and Renovation Underway at Le Palace des Vosges
The powdery stone floor has been broken up and carried out. The walls that once defined the kitchen and bathrooms are completely gone. The ceilings have been removed with the hopes of raising the ceilings. There are always surprises when uncovering what lurks behind old walls, particularly those from the 17th-century. We found curved walls and space we didn't know existed. We found centuries-old beams and plumbing no longer used.
The bathrooms in both, "en suite," will be absolutely luxurious -- the lower bathroom with a large tile shower, the upper with both a spacious shower and free standing claw-foot bathtub. Both will have plenty of closet space, air-conditioning, elegant furnishings and beds that make into twins or one queen/king. A powder room will be added to the lower level so guests need not go through a bedroom and will be adjacent to the château-like French fantasy kitchen -- large and completely equipped and functional for even the most elaborate gourmet cooking. A zinc bar will separate the kitchen from the dining area and will act as a great place to chat with the cook.
At a specialty tile shop in Le Marais, Martine and I chose tile flooring for the living room/dining room and bathrooms -- all made of beautiful stone, slate and baked ceramics in the pale creamy color of natural stone and the gray of natural slate...to be as authentic to the 17th-century period as possible, as will be the entire luxury apartment. Stay tuned for ongoing reports of the progress at Le Palace des Vosges. Visit www.adrianleeds.com/frenchproperty/fractional/index.html. Monday, February 23, 2009
Her first kitchen as a newlywed in Paris was very primitive. If you haven't read this book, please do read it sooner than later. Julia Child's home kitchen is now under glass ensconced at The Smithsonian Museum. I studied her kitchen and knew I had to have hanging pots, copper if possible, or at least a peg board. I traveled to France too, and would devour with my eyes the real kitchens I saw there. It didn't have to be a country kitchen. Even the small kitchens in Paris apartments held so much charm and inspiration. Beamed ceilings and rustic plaster walls were other things to emulate. Stone and brick floors also fascinated me. Not to mention vaulted ceilings with brick work or stone. I visited the chateaux, and their kitchens. Now there are so many great images to inspire. Joni from Cote de Texas, Brooke from Velvet and Linen, Willow Decor, Shawn from Country French, Things That Inspire, Vicki Archer of French Essence, Sylvie of So Sylive, Corine from Hidden In France - are all blogs with huge archives to look at. Please go to my blog roll for their links. While in the kitchens of France I saw metal furniture, rattan chairs, pine furniture, armoires and dressers, clocks, tall pot racks, bakers racks, etc. I saw kitchen tables and rough butcher blocks, but I didn't see islands or chandeliers back then. Now of course design is global, so even the French have these things. The one predominant theme in all versions of French inspired (or Belgian or Italian or Spanish or Portuguese) kitchens is a touch of romance. We want to feel sensual and romantic in our kitchens. Even though many of the images might be show house kitchens, or maybe kitchens that don't see much cooking, they still manage to convey the feeling of a great meal prepared and shared with loved ones is about to happen. Chandeliers in a kitchen are now expected, as are large oversize lanterns. The vaulted brick ceiling is even reproduced in a modern interpretation. Accessories and accents are fun to add. White is a popular color way in many French fantasy kitchens. And always some kind of stone counter top seems to rule the day. Homey touches like sink skirts pay homage to the rustic kitchens of the past. But how would you like to go and visit a real French kitchen, to cook in it? Here's one for you with all the things we've come to love about a French kitchen: pots hanging, knives, rustic butcher block, and even an Aga cooker, a stove that is mysterious and fascinating to me, something I've always wanted to learn to use... Editor's Note: See all the kitchens and read more of the blog at www.visualvamp.blogspot.com/2009/02/fantasy-french-kitchens.html. Fantasy
French Kitchen Planned for Le Palace des Vosges
Editor's note: for photos and more information about Provence et Fils kitchens, visit www.provence-et-fils.com/US/cuisine/les_cuisines.htm. REGISTER FOR THE LIVING AND INVESTING IN REAL ESTATE CONFERENCE AND SAVE UP TO $400 OR MORE! Living and Investing in
France Real Estate Conference Reference materials and a tote bag filled with FREE gifts from Paris! If you register now, you can SAVE $100 off the registration fee. And when you bring along your spouse, partner or friend, you can SAVE AN ADDITIONAL $200! Plus, if you bring a third person, we'll EXTEND THE SECOND PERSON DISCOUNT! Living and Investing in France
Real Estate Conference For more information visit
Key Changes For French Taxpayers In 2009
Under the constraints of the prevailing international economic crisis, and governed by principles of tax equity, exemplified by a move to impose a global ceiling on tax breaks for any one individual, the French government’s budgetary plans for 2009 failed to deliver much-anticipated relief for individual taxpayers. The result: tax bills will rise in 2009. At a glance, the key changes for French taxpayers in 2009 are as follows...
Editor's note: to read the article in its entirety go to www.lcg-international.net/News-Details.
French
Tax Incentive For Investment In New Housing Construction Tax-News.com, Brussels
A new tax incentive, designed to boost the construction industry in France by enticing individuals to invest in new or redeveloped housing, has been included in the amended 2008 Finance Law...
Editor's note: to read the article in its entirety go to www.tax-news.com/archive/story/French_Tax_Incentive.
Calculation
Of Local Taxes In France Deemed Obsolete Tax-News.com,
Brussels
Editor's note: to read the article in its entirety go to www.lcg-international.net/News-Details.
A
Castle to Call Home France Today
Although the French property market appears to be one of the most stable around these days, a slight slowing down does seem to be happening in almost all sectors of the market. And while there are still a large number of properties on offer, most of them are now being sold at more realistic prices, as over-ambitious vendors are forced to lower their sights and settle for a more "correct" asking price. There is no exception to that rule at the moment, not even for sales of châteaux, which account for a very small but extremely lucrative and much cherished part of the market. In general châteaux have always been the domain of a very select, specialized buyer seeking a property steeped in history, with a blue-blooded pedigree and preferably some awe-inspiring architecture. But as prices fall a bit the market has suddenly opened up, and genuine châteaux can be snapped up at prices that are not totally out of the question for anyone lesser than prince, oligarch, professional athlete or rock star. "It's becoming increasingly common to find bargains in this sector," says Denise Masters of Dordogne Property Consultants. Guillaume Chassaigne, of Agence Mercure in the Loire Valley, agrees: "Even though French châteaux are a niche market, this is still a good time to invest, as they are being sold for good prices. There are fewer buyers so ultimately there is more choice and considerable offers to be made..." Editor's note: to read the article in its entirety go to www.francetoday.com/articles/2009. Fractional Property Offerings from French Property Fractional www.adrianleeds.com/frenchproperty/fractional If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
YSL
Steals the Auction House Runway A friend waited in line 2.5 hours to see the display of personal art and furnishings at the Grand Palais owned by fashion designer Yves Saint Laurent and his partner, Pierre Bergé. I wouldn't have had the patience, but her tale of getting to know the others waiting in the line with her is enough to make you think that even that would have been fun. Once inside, the enormous space was so packed with visitors that getting to see the works was in itself difficult. Minutes after her departure, the auction began. Results have broken all records, reaching close to $500 million, but making even more news is the controversy over the two bronze sculptures, a rat's head and a rabbit's head, made for the Zodiac Fountain of the Emperor Qianlong’s Summer Palace in China, each sold for $20.3 million to anonymous telephone bidders. The two statues were looted in the 19th century, when the invaders burned down the royal garden of Yuanmingyuan in Beijing and the China State Administration of Cultural Heritage is up in arms over the Paris auction -- claiming that the auction "flew in the face of the spirit of the relevant international treaties and an international consensus on returning relics to their country of origin." The Collection of Yves Saint Laurent and Pierre Bergé Realises $483.8 Million at Christie's
To read the article in its entirety, click here: www.artdaily.org/index.asp.
Tuesday 3.00 p.m.
Consumer Confidence for February. Previous 37.7 index; The Dollar remained well supported last week as renewed weakness on global equity markets boosted safe-haven demand for the US currency. Meanwhile, President Obama pledged up to $275 billion on Wednesday to help stem a wave of US home foreclosures, part of a broad effort using massive sums of government money to lift the country out of recession, lending the greenback modest support. However, the Dollar pared gains on Friday with market abuzz with rumours that a US bank rescue plan might lead to the nationalisation of two American banks, sending banking stocks and the greenback sharply lower. In a busy data calendar, this week’s attention now shifts to the continued deterioration in the US housing market, while on Friday we can expect Q4 GDP to be revised sharply lower, led by inventories and net exports. Visit the FPI Web site and click on the link on the left panel or click here for Currency Currency Convertor by Moneycorp Global Money Services/Currency Online by Moneycorp: Moneycorp Currency Conversion Tool for up to the minute conversions of all major currencies. Compare currency values easily
and quickly by visiting: Charts: www.Moneycorp.co.uk/members/charts.asp The charts 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. www.adrianleeds.com/parlerparis/apartments
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 their best for your 100% guaranteed satisfaction. SPOTLIGHT APARTMENT: Le Penthouse Voltaire Overlooking Boulevards Richard Lenoir and Voltaire, 11th Three-Bedroom, Two-Bath Luxury
Penthouse
Both a main entry iron elevator and service elevator climb to the top floor in a very well kept and appointed 20th-Century brick Art Nouveau building. TThe 122 square meter (1300 square feet) apartment has been completely renovated and professionally decorated in traditional French style just this past Spring to ultimate luxury. The living room, dining room and office areas are situated in the corner of the building with large doors exiting to the balconies affording lots of light and beautiful views. Sliding double French doors lead to a perfectly appointed kitchen with breakfast nook and door to the balconies. The kitchen is equipped with all new 2007 appliances including two gas and two electric burners, refrigerator/freezer, oven, microwave, dishwasher, coffee-maker, toaster, tea kettle and absolutely everything you need to prepare a gourmet meal for a large dinner party.
All bedding is top quality and there are plenty of Ralph Lauren designer linens for bedding and baths. A laundry closet near the bedrooms houses both a washer and dryer. Nothing is missing in this luxury penthouse where you will feel like you're on top of the world with Paris at your feet. For more information and to reserve your stay in Paris now, visit http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html or email: mailto:Apartments@AdrianLeeds.com... For more information and to reserve your stay in Paris now, visit www.adrianleeds.com/parlerparis/apartments/rentals/ or email: apartments@adrianleeds.com/parlerparis PROPERTY FOR SALE IN SAME BUILDING A Hot Property exception to the Châteaux listed in today's Hot Properties, this amazing apartment in the 11th is located in the same building as Le Penthouse Voltaire (above):
Located on Blv. Richard Lenoir, this beautiful building was constructed in 1930's. The apartment is on the 7th floor and consists of a large living room of 56m², open kitchen and three bedrooms. There are two bathrooms, separate bath, and separate 1/2 bath. The apartment is in excellent condition with great views and lots of light. There is a balcony, high ceilings, and a "chambre de service" of 9m² currently furnished as a separate studio apartment.
Asking Price: 1 260 000€ + 2.5% Finder's Fee
HOT PROPERTY PICKS: Sharp Chic Châteaux 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 This week our focus is on incredibly priced Châteaux found in the various regions of France.
This old vineyard property, situated in the Côte Chalonnaise wine-growing area, comprises two wings of a most interesting and delightful Château with its round and square towers, bas-relief and statues. The two wings would benefit from updating, and offer a wonderful opportunity to make a stunning home. The Château is privately situated in a former vineyard, on grounds of 1.7 ha, with woods, orchard and potager, with commanding views over the Côte Chalonnaise. Asking Price: 495 000€ + 2.5% Finder's Fee
This charming Petit Château dating from the XVth C is in very good condition throughout and offers some 350m2 of living accommodation. Situated in a lovely provincial village with schools and some shops, approximately 1 hour from Paris. Set in grounds of just under three-quarters of a hectare with an imposing entrance. The nearest train station is 11km away. The property is also conveniently situated for a motorway access point. Asking Price: 695 000€ + 2.5% Finder's Fee
Charming XII/XVIIth Century Château only 18 kms from Argenton-Sur-Creuse, surrounded by gentle rolling hills and woodland. Flagged stone entrance hall, double salon, wood panelled Dining room, Library, 7 bedrooms, 5 bathrooms and a shower room with W.C. and a large utility room. 2/14 hours from Paris and within 1 hour of Limoges airport. Heated swimming pool, a large barn and a pigeonnier. A pretty walled park of 1.37 ha, and two additional fields, one adjoining the Château of 1.36 ha and the other a little further away of 0.62 ha. Asking Price: 925 000€ + 2.5% Finder's Fee
Square machicolated castle keep from the XIVth C with attached Maison de Maître, offering all comforts while respecting the property's original features. There is a total of 550m2 of living space. Set in grounds of 1.3 ha and approached via an impressive 300m driveway, the Château is secluded and yet conveniently situated 5 km from the town of Rodez. There are stunning panoramic views from the tower. A unique property! Asking Price: 999 000€ + 2.5% Finder's Fee
Situated on the edge of a charming village is this elegant chateau which dates from 1722 and is set in about 3 hectares of grounds. The chateau has been completely restored and offers about 220m2 of living space over 2 floors, with 7 main rooms. The restoration has been carried out sympathetically and finished to a high standard. There is a second house, of about 220m2, which needs complete updating, as well as a number of outbuildings. The grounds are partly walled and include a garden, internal courtyard and meadows. 15 minutes from a town with all amenities, an hour and three-quarters from Dijon. Asking Price: 1 120 000€ + 2.5% Finder's Fee
Situated on the edge of a charming village is this elegant chateau which dates from 1722 and is set in about 3 hectares of grounds. The chateau has been completely restored and offers about 220m2 of living space over 2 floors, with 7 main rooms. The restoration has been carried out sympathetically and finished to a high standard. There is a second house, of about 220m2, which needs complete updating, as well as a number of outbuildings. The grounds are partly walled and include a garden, internal courtyard and meadows. 15 minutes from a town with all amenities, an hour and three-quarters from Dijon. Asking Price: 1 380 000€ + 2.5% Finder's Fee Previewing the Next Notaires' Property Auction
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at www.encheres-Paris.com. Though the site has a button for an English version, it isn't necessarily reliable. To read Schuyler Hoffman's article
about the property auctions in Paris, click on: March 3, 2009
2009-03-02
2009-03-08
2009-03-01
Next Auction 24 March, 2009 (There are also some commercial properties up for auction this go round. If interested, please visit the Web site.)
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 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/ Planning More Living and Investing in France Conferences
Paris
www.adrianleeds.com/parlerparis/apresmidi.html Come for a drink and to meet and chat with other readers in Paris... The next gathering is March 10, 2009 and every second Tuesday of the month (except August).
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