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Advantages in the Alps
(FOR SUBSCRIBERS ONLY) January 29, 2009 Bonjour French Property Insider Subscriber, It's been a very exciting week here in Paris! Friday, Interior Architect Martine di Matteo and I went furnishings shopping the bi-annual Maison et Objet trade show for our Fractional Ownership property, "Le Palace des Vosges." We found many beautiful things that will regally outfit the apartment in the palatial manner to which it deserves! Read all about it in today's FPI. Tomorrow morning I will be signing the deed on the "Palace des Vosges"...and next week the crew is getting started on the plans for renovation. We'll provide a full report. There are still shares remaining at the lowest price, but don't wait too long to make your decision as we don't expect them to last very long. If you're interested, contact Mary Ellen Gallagher at MaryEllen@adrianleeds.com. Monday I had an opportunity to be present at the signing of a memorandum between sister cities San Francisco and Paris with the mayors of these two great municipalities. Read all about it in today's FPI. Paris patted itself on the back last night at the annual "Paris Capitale de la Création" celebration at the Hôtel de Ville. Stay tuned next week for a brief report on the event. Caye International Bank in Belize just announced that account holders may have their own Visa debit cards -- what a great way to easily extract money from your offshore account from anywhere in the world. Read all about it in today's FPI. A Web blogger looking for an apartment in Paris last week wrote about all the time she wasted. Her mistake was not having done the research necessary. We don't want you to make the same mistakes. Be sure to read her blog and what we believe is what you should 'know before you go" in today's FPI. If you're thinking about making a property purchase, fractional or full, then the best thing you can do to avoid the pitfalls the blogger encountered is by attending a Living and Investing in France Real Estate Conference. Sign up for the March 21-22 event in New Orleans or scroll down for more information about upcoming conferences in London and Paris. An article titled "There is Snow Alternative in France" got us to thinking about life near the slopes...so today's issue is dedicated to those who prefer the mountains over the sea. See several articles about the 'awesome' Alps and amazing properties on the market for ski fans. February 12th's issue will be for those who love the sea after a trip to the Côte d'Azur to visit the Institut de Français in Villefranche sur Mer, exploration in Nice (particularly Old Nice which is 'nice') and other towns along the coast. Stay tuned. There's also lots of great articles from associate publications that will keep you well-informed on what's going on here in France on property and lifestyle issues. You're smart to stay tuned in! A bientôt, Adrian Leeds
Volume VII, Issue 5, January 29, 2009 In this issue: * Report on the Maison & Objet Trade Show Where
Kings and Queens Can Be Themselves An
Excerpt from Parler Paris
Martine is the Interior Architect and Designer who has turned every "box" of an apartment into a 'dream pied-à-terre' that the clients will allow...such as "Le Beau Marais," "La Table du Roi," "Le Pinot Noir," "Le Deco," "L'Aubergine, "La Rose du Marais," "La Bonne Nobel" and "Le Penthouse Voltaire" -- all short term rental apartments at Parler Paris Apartments (www.adrianleeds.com/parlerparis/apartments). "Maison & Objet" is the bi-annual interior design industry trade show extravaganza that will knock the socks off your senses. You don't have to be an interior designer to appreciate the vast representation of manufacturers and designers from all over Europe and other parts of the world who come to exhibit their wares. It takes place in two locations -- "Maison & Objet" at the Paris-Nord Villepinte Exhibition Center near Airport Charles de Gaulle and "Meuble Paris" at the Paris Le Bourget Exhibition Center near the Le Bourget business airport. (Getting there is easy via the RER B line.) We had one major goal in mind this time around -- to find gorgeous luxurious furnishings and ideas for "Le Palace des Vosges," our latest and most exciting Fractional Ownership apartment located in the Place des Vosges -- Paris' best address. The apartment itself is more like a 'house in the country' than an apartment -- located at the back of the second courtyard from the entrance on the "place" next to L'Ambroisie, the Michelin three-star restaurant, with more than four-meter-high ceilings, massive 400-year-old beams and a clear view on the Hôtel de Sully. It deserves to be 'palatial' in every respect and we aim to marry French regal esthetic with American comfort and functionality.
Seriously shopping for furnishings rather than just canvassing for concepts was like being a 'kid in a candy shop.' The camera snapped up a zillion different chairs, chandeliers, tables, sofas and accessories for our portfolio of design ideas, but we settled on a few important items that sent us home with a stack of brochures and contacts, and feeling quite accomplished. One particular showroom was a perfect resource for a chateau-deserving kitchen with an oversized stove hood on which we can hang a range of copper pots adorned by a "Jerusalem" marble top and sink; a long oval dining room table that seats eight sitting on a metal base of carved roses; a zinc bar at which we'll have our "apéritifs" before dinner and a bathroom sink with matching mirror that one might find in Le Petit Trianon.
Colors are key and Martine is the queen of color coordination and use of fabrics and textures. We're going for the 'gold' -- the warms and brights, the royals and regals, the softs and silkies. When you enter "Le Palace des Vosges," you will be made to feel like a king or queen...but at home where kings and queens can be themselves. That's how we felt, too, even as exhausted as we were after an entire day marching up and down the vast aisles and many halls ogling all the exciting new interior design "solutions" for today's world...but well worth it. The show's on through tomorrow if you have a chance to attend, or schedule your next trip to Paris for September's show the 4th through 8th. We'll be there, won't you? MAISON
& OBJET The
Meeting of the Gallant Gentlemen of the Sister Cities An Excerpt from Parler Paris
What the mayors of each of the cities may not know is that San Francisco and the Bay Area is the single largest Francophile community in the United States! While no one knows why that is for sure, my bet the reason for this stems back long before any agreements between the two cities -- as far back as 1889 when the first Alliance Française was established there, only six years after its creation in Paris by scientist Louis Pasteur, the diplomat Ferdinand de Lesseps, the writers Jules Verne and Ernest Renan, and the publisher Armand Colin. The French have always flocked their spreading their language, their culture and their "joie de vivre." We've held numerous Living and Investing in France Real Estate Conferences there at the Alliance Française at 1345 Bush Street and therefore have had a special relationship between the cities, too. So, when I was able to witness the Monday signing of the Cooperation Memorandum for the years 2009 to 2011 with the 42nd Mayor of San Francisco Gavin Newsom present, I jumped at the chance! Newsom was made famous by a bold move to grant marriage licenses to same-sex couples only 36 days after taking office. Perhaps this further solidifies a friendly relationship with Mayor of Paris Bertrand Delanoë who openly announced his gay status during a 1998 television interview before being elected mayor.
Each expressed their warm sentiments and wishes for cooperative ties in the usual fashion -- cooperation in the form of information exchange, sharing of tools and networks, promotion of cultural exchange and reciprocation. What was a bit different at Monday's signing was the reference made to newly installed President Barack Obama. First, Gavin Newsom signed the Memorandum and as he did, Bertrand Delanoë pointed out that he signed with his left hand, just like Obama! Then, Delanoë took his position at the desk and the pen was handed over to him...but for some reason, the pen wouldn't write. Quickly a pen was handed over to replace it and he signed, noting that the new pen wrote very nicely indeed. When both signatures were on the documents, it was Delanoë who noticed that now it was even more beautiful by virtue of the two colors of ink on the ivory-toned paper! I thought this very French, to have such an esthetic viewpoint on the detail of the day and perhaps was the only witness to have noticed the cultural difference. After the signing, the participants were wisked by car to "La Cantine," a center inaugurated just one year ago supported by "Silicon Sentier" -- an association made up of 120 technological enterprises designed to help create new businesses and provide more jobs in the Région Ile-de-France. La Cantine is in the heart of the Sentier district, in one of the many "passages" of the 2nd arrondissement. First the mayors met on the sidewalk greeting Green Party Mayor of the 2nd Arrondissement, Jacques Boutault, before entering La Cantine. There, again Delanoë said a few words, then the principle players of the association spoke to a large group of officials and press with Newsom and his wife on the front row. I snuck out before the ceremonies ended, but left with a warm spot in my heart once again, for the cities of Paris and San Francisco, and the gallant gentlemen at their helms. How
to Avoid the Pitfalls
From the mistakes she made, we can all learn quite a bit. Her first mistake was not 'doing her homework,' which of course, you are already doing, by virtue of reading French Property Insider and educating yourself. Nothing is a bigger time-waster than forging ahead without having a certain level of knowledge or knowing who to consult. Today we're going to address some of the obstacles she encountered, why they happened and how they could have been avoided. Read on... ------------------------------------------------------------------- Flat Hunting in Paris By Anonymous American Blogger and "In-the-Know" Adrian Leeds BLOGGER: Well, today I spent about 8 hours looking at 7 different apartments and setting up a bank account and I really have nothing to show for it. The bank account is being processed, but I won't have the card or anything until next week; and besides, I don't have any money in the account so it doesn't help me out much now. I just have to figure out how to transfer money from London to Paris without being in London and without having set up any transfer papers with my London bank. Ugh. And of course, the US Government knows everything about me and it was required to sign a W9 form or something so the bank in Paris must report this account of mine to the IRS. Joys.
KNOW BEFORE YOU GO: As for the flats...the first 2 were ok, but both have +/-. I'm not crazy about either of them. Sure, I could choose one of them if I had to, but I think I might exercise my right to go out a 2nd day and look at more flats. I really hate doing that though because I don't like being troublesome or picky or come across as another 'ugly American' expat/tourist.
KNOW BEFORE YOU GO: BLOGGER: But, I think I just need to deal with it, too. I don't think I'm going to like apartment in Paris in general for several reasons. (1) the kitchens are all separate rooms, very removed from the rest of the flat - what is it? some holdover from when people had servants or when the woman was in the kitchen and that was it? (2) closets - why are they all in the hallways and why are they all "ginormously" tall? I will need to have about 8 step stools in whatever flat I choose! (3) Paris is just compact so everything is near some busy place and lots of people, which I really don't like.
KNOW BEFORE YOU GO: BLOGGER: It was difficult to get a good feel for anything today really since almost all of them were being renovated and completely redone - so there were drop cloths, torn out bathrooms, etc. It was hard to tell what would be put in and what would be left out (i.e. some included a dishwasher, but no fridge).
KNOW BEFORE YOU GO: BLOGGER: Anyway,
it's late. I should sleep on it and figure it out tomorrow.
Getting
to Know the French Alps
Inspiring craggy peaks and snowcapped mountains rise up in the French Alps, where there are fantastic opportunities for skiers and snowboarders. There are over 200 resorts in the Alps, with Chamonix, Megeve and Val d’Isere being the most popular. Chamonix features the world’s highest cable car, and Mont Blanc, the highest peak in Western Europe, is near Chamonix. Annecy has lantern lit lanes, Chambery contain the most history, and Grenoble is the largest city in the French Alps. Weather gives way very rapidly and varies from summer to winter. With pleasant weather in the summer the valleys open up to lush green fauna and fields of wildflowers. Hiking, as well as rafting, mountain biking, and canoeing are popular. Paragliding and skydiving are also possible. There are three national parks and four regional parks within the Alps--Vanoise, Ecrins, and Mercantour.
The French portion of the mountains are also home to famous resorts towns Chamonix, St. Gervais, Albertville, Grenoble where the Olympic Games took place in 1968, and Annecy with its old city and lake. Editor's Note: Further down in the newsletter are two articles discussing property and investing in the French Alps region. "Forecasting
French Property for 2009"
February
1, 2009 Here's your chance to learn what the experts are predicting for the future of French property values, sales, rentals and mortgages! Join us on this very important call. Limited to 50 participants. Register now to receive your call-in instructions: fpi@adrianleeds.com. 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 Banque Patrimoine & Immobilier Offers New Products www.adrianleeds.com/frenchproperty/loan
In the aftermath of the decrease of the 3 Month Euribor, Banque Patrimoine & Immobilier (BPI) has decided to offer the Soleil product again with a starting rate of 3.90%! Soleil is a variable mortgage without an initial fixed rate period, the monthly repayment is fixed for one year and revised at the anniversary date of the loan. The index is the 3 Month Euribor which stands now approximately at 2.35%. The 100% variable option of the Flex product is also back on the market at 3.90%! 30 YEAR VARIABLE We would like to take this opportunity to remind you that your clients can benefit from a 30 year variable repayment product starting with a fixed rate period of five years at 4.60%. At the end of the first five years the rate and the monthly repayment will be revised according to the latest monthly average of the 3 Month Euribor. EQUITY RELEASE Equity release mortgages are possible on holiday homes and buy to lets only. The maximum loan to value is 70% with a repayment product and 50% with our interest only Diamond with a maximum interest only period of five years. The LTV can be increased when part of the equity is invested on a saving account pledged to the bank, please consult us for further information. LOAN ARRANGEMENT FEES Up to EUR
300K: 1% INSURANCE COVER No insurance
cover is acceptable on client's formal request and subject to
client's - minimum
annual income of EUR 150K Please note
that both the starting rate and the margin will be increased by
0.25% SUPPORTING DOCUMENTATION Copies are acceptable. However loan application forms, insurance questionnaires as well as the schedule of assets must be provided IN ORIGINAL and signed by the applicants. We would like to remind you that the bank statements and the passport copies must be certified as true copies of the original documents. They can be certified by a mortgage broker, a certified accountant, a lawyer, a sollicitor etc... The loan offer will now be subject to receipt of the duly certified documents! FOREIGN CURRENCY INVESTMENTS Banque Patrimoine & Immobilier can finance 100% LTV with 25% invested (or 110% LTV with 30%) on an interest bearing account in GBP, US$, CAN$ or AUS$. Minimum mortgage
amount : EUR 100K For more information email loan@adrianleeds.com
Mastering
Offshore Banking -- www.adrianleeds.com/frenchproperty/consultation/offshore.html
* Can be used
for purchases anywhere in the world, wherever the VISA logo is
displayed. To apply, download Caye International Bank application forms: *
Personal Visa Debit Card Application *
Corporate Visa Debit Card Application To learn more about offshore banking in Belize with Caye International, download their brochure by clicking here: www.adrianleeds.com/frenchproperty/insider/caye_bank_belize.pdf
Peter
A. Zipper, President
A
Driving Force to Change Paris International
Herald Tribune PARIS: For his efforts to reduce the privilege of car drivers in Paris, Denis Baupin has been saddled with nasty nicknames, including "Monsieur Embouteillages" (Mr. Traffic Jam), Khmer Vert and worse.
In short, Baupin has changed the face of mobility in Paris, making it, by most accounts, easier for users of public transportation, pedestrians and bikers, and less accessible to car drivers. Since March 2008, the Green Party member has had a new but related charge: fighting climate change. Under his plan, €2 billion, or $2.6 billion, of taxpayers' money will go towards renovating a quarter of the city's 220,000 subsidized apartments to receive better insulation and more efficient heating. The program would eventually extend to all of Paris's 3,000 public and 100,000 private buildings, nearly half of them built before 1915... Editor's Note: To read the full article go to www.iht.com Finally, New Build apartments in the Heart of Paris! Acumen
Overseas Property
The first new build development is located in the 13th district near the famous “Francois Mitterrand” library. It comprises 57 apartments from studios to 4-bedroom flat, and prices range from €264K to €1.4M. The 13th district is a very exciting area to live in with many shops, bars and restaurants close by. The “Parc de Bercy” is also a great place to enjoy the nature with its small vineyards in its center. Furthermore, the new build development is really well-connected with the underground and the railways. Another development is located in the 17th district of Paris which is one of the most beautiful districts with plenty of green spaces with trees that makes it a really sweet place to live in. Only one 3 bedrooms apartment remain available with a balcony and a terrace for €1,220,000... Editor's Note: To read the full article please go towww.acumen-overseas-property.com/2009/01/23/. 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:
Buying Property on the Ski Slopes Makes Sense VEF
French property located on or near ski resorts can be a good investment. Marketed properly you could benefit from an all year rental income, with the busy mid winter ski season and the fresh mountain air of the summer months. Even out of season the mountains are a magnet for walkers, painters, and mountain bikers. For lovers of nature the summer and winter months offer an abundance of relaxing or strenuous activities, there is plenty to see and do with beautiful scenery all around you, a far cry from the busy beach resorts on the Mediterranean... Editor's Note: To read the full article please go to www.vefuk.com. There is Snow Alternative in France Assetz Property News
Among all these options and more, ski investors might tend to look to the Alps, where famous locations such as Chamonix and Grenoble offer upmarket glamour, famous peaks and popular pistes. But for those who wish to invest in the mountains there are alternatives, with one of them being the Pyrenees. While France shares the Alps with Italy, Austria, Germany, Liechtenstein and Switzerland, the Pyrenees form a natural border with Spain, albeit with tiny Andorra in the middle. For investors, the French side offers some enticing prospects... Editor's Note: To read the entire article at www.news.assetz.co.uk/articles/4602.html.
TODAY'S CURRENCY UPDATE
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. Results of the Recent 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: January
27, 2009
2009-01-09
2009-01-03
2009-01-10
Next Auction 3 March, 2009 (look for the lineup in next week's issue) HOT PROPERTY PICKS: Amazing Awesome Alps 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 we focus on fantastic and unique properies found in the the French Alps.
Beautiful grand chalet in the countryside near la Roche Sur Foron. Featuring 120sqm living area, 3 bedrooms, fitted kitchen, a lower ground floor, an outbuilding and 1250sqm of tree-lined land . Very well situated with unspoiled view on the valley and Jura mountains. Asking Price: 399 000€ + 2.5% Finder's Fee
Veyrier du Lac, on the sunny side lake Annecy; renovated 3 bedroom village house. Featuring an open plan kitchen and a living-room leading onto a south facing terrace, a small enclosed courtyard, lots of storage and possibility for a loft conversion. Asking Price: 415 000€ + 2.5% Finder's Fee
Situated in the Tarantaise valley, on the road to the popular ski resorts of Tignes (30 min), Val d'Isère and les Arcs; four bedroom house of recent construction in traditional style. Spacious living room with open plan kitchen. Set on 1135sqm of landscaped garden. Quiet residential area, great second home or to live year round. Calm, Mountain view, National park, Near river, Residential, Summersports, Wintersports. Asking Price: 5830 000€ + 2.5% Finder's Fee
Typical Savoyard style chalet with a very cosy interior and an open view on the Belledonnes mountain range, the Albertville valley and Mont Blanc. Featuring a living/dining room, fitted kitchen and 3 bedrooms. Set on 5000sqm of landscaped garden with swimming pool. Lower ground floor with cellar and garage. Conveniently located at 30 minutes from Grenoble, Albertville and Chambéry. Asking Price: 290 000€ + 2.5% Finder's Fee
Beautiful nineteenth century stone built farm in typical Savoyarde style. Featuring 90sqm of living area, possibility of a loft conversion, 4 vaulted cellars and an old bread oven next to the building. Good overall condition. Beautiful setting in the Bauges regional park; great opportunity for nature lovers. Agricultural, East Facing, Mountain view, National park, Near river, Summersports, Unspoiled view, West Facing, Wintersports. Asking Price: 190 000€ + 2.5% Finder's Fee
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/ 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 lternative 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 Déco Rue Saint-Sébastien, 11th Arrondissement One-Bedroom, Sleeps up to 4
For more information and to reserve your stay in Paris now, visit www.adrianleeds.com/parlerparis/apartments/rentals/deco.html or email: partments@adrianleeds.com/parlerparis 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 February 10, 2009 and every second Tuesday of the month (except August).
Managing Your French Property Insider Subscription is Easy!
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 members@fpinsider.com 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 To
receive your free French Leaseback Report or the Paris Property We wanted better guides, So we wrote them!
French Property Insider subscribers receive a discount of 10% off any guide 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 3.
If you order two or more guides, then an additional 15% will be Here
is the special "coupon" Web link just for you: 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 Copyright 2011, Adrian Leeds®
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