Bonjour [EMAIL], Those Who Snooze Lose French Property Insider Volume VIII, Issue 26 July 1, 2010 Paris, France http://adrianleeds.com/frenchproperty/insider • Printer Friendly http://www.adrianleeds.com/frenchproperty/insider/textpages/FPI_July_1_2010.txt • Recommend to Friends http://www.adrianleeds.com/frenchproperty/insider/subscribetofpi.html • Don't miss a single issue of French Property Insider! "Whitelist" French Property Insider by adding "fpi@adrianleeds.com" to your address book. ____________________________________ "Living the Dream to Live in France" -- a 2010 Speaking Tour with Adrian Leeds Perhaps you dream of owning property in France, but don’t know how to go about doing it. The system is very different in France from the U.S. and littered with ‘pitfalls,’ but is very "doable" given the right information and advice. During a two-hour PowerPoint presentation, Adrian Leeds, Director of the Adrian Leeds Group, will provide a basis from which you can accomplish your goals to invest in real estate in Paris or other areas of France. Adrian will give an overview of the property market in France and a description of what is involved in order to make a viable investment that will provide both pleasure and reward. She will share her experience and knowledge in a way that will enable a would-be investor to make the right decisions to fulfill his own personal dream. Following the presentation, you'll have an opportunity to ask questions related to the topics and a cocktail reception will follow. SAN FRANCISCO Wednesday, September 22, 2010 Hosted by the Alliance Française San Francisco http://www.afsf.com SEATTLE Thursday, September 23, 2010 Hosted by the French-American Chamber of Commerce of the Pacific Northwest http://www.faccpnw.org PORTLAND Saturday, September 25, 2010 Co-Hosted by the French-American Chamber of Commerce of the Pacific Northwest http://www.faccpnw.org and the Alliance Française de Portland http://www.afportland.org PLUS!...Book Your Private Consultation with Adrian Leeds while she's visiting your town. For more information and to reserve your place or consultation, visit http://www.frenchpropertyconference.com __________________________________ Bonjour French Property Insider Subscriber, The price of property and the volume of sales are virtually exploding in Paris and beyond. The market statistics for February, March and April were just released two days ago by the Chambre de Notaires de Paris. Sales reached 40,200 transactions during the three-month period in the Ile-de-France, an increase of 89% compared to the same period in 2009. It's an enormous jump, but then again, sales in 2009 were uncharacteristically weak. The power of the rebound, however, is undeniable as the number of sales from February to April 2010 progressed from 19% as compared to 6% the same period in 2007. The phenomenon of the strong recovery profits all the market segments. Sales of resale apartments over the period (February through April 2010) increased by 85% compared to the same period of 2009 and sales of homes increased by 101%. For the whole of the Ile-de-France, prices have increased 3,3% during February through April 2010 over February through April 2009. Most of the increase can be attributed to Paris where prices increased 5,3% in April 2010 compared to 2,3% in March. With trends like this, you can imagine that May and June have seen similar increases and that the trend will continue until the supply and demand reach more of a balance. That won't happen until prices reach a level where sellers will have profit potential, so there is no doubt that we will see an increase in values. If you are a property owner, this is good news. If you are a potential buyer, it means you need to get into the market as quickly as you can. That being said, there is still the problem of so little product on the market. For every property, there are at least three ready and willing buyers at asking price. Let me remind you that luckily in France, sellers are morally obligated to accept asking price. This does not prevent them, however, from choosing the buyer who carries the least risk -- a buyer with no contingency for a loan, for example. Cash buyers willing to sign quickly take preference over those who show even a hint of insecurity. So, it's best if you have your pre-approval for a mortgage in place or ready cash only a wire transfer away. Just this past week, simply because a buyer showed signs of possible withdrawal of an offer made and accepted on a very important property, other buyers waited in the background with baited breath, ready to pounce at the slightest movement. Even though another buyer of ours was ready to take the first buyer's place, the agency accepted the offer of another, leaving our buyer with 'an empty bag.' Unfair? Yes. But in today's market, it's a bit like 'all fair's in love and war.' It is possible to "buy forward" using a currency broker, such as Moneycorp (our preferred specialist). Forward contracts fix an exchange rate at which you buy or sell currency for delivery at a later date (up to two years). Forward contracts protect against adverse currency movements and can be used to lock into favorable exchange rates. Now's a good time to take advantage of this service while dollar-euro rates are favorable. See http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html for more information and to open your account with Moneycorp so you're ready to make a move when the time comes to make a purchase...quickly. If you are considering an investment in property in the near future, our recommendation is to make it sooner than later, as there is no doubt it will cost you more should you hesitate. Those who 'snooze,' 'lose.' A bientôt, Adrian Leeds Editor, French Property Insider Email: mailto:fpi@adrianleeds.com P.S. Now's your chance to talk about your own personal situation while I'll be traveling in the U.S. You can book a private consultation with me in Las Vegas, San Francisco, Seattle, Portland and Los Angeles in September. See http://adrianleeds.com/frenchproperty/conference/ for more information and to confirm your appointment. _________________________________ 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 http://www.adrianleeds.com/frenchproperty/loan for more information or contact mailto:Loan@AdrianLeeds.com __________________________________ Watch Adrian Leeds and French Property Consultation on House Hunters International. ***"Settling Down in Paris" - Episode HHINT-402 AIR TIMES: July 27, 2010 12:30 PM ET/PT House Hunters International Episode HHINT-402 http://www.hgtv.com/house-hunters-international/settling-down-in-paris/index.html ***"Vacation Home in Paris" - Episode HHINT-1A05*** AIR TIMES: July 29, 2010 11:30 PM ET/PT and 2:30 AM ET/PT House Hunters International Episode HHINT-1A05 http://www.hgtv.com/house-hunters-international/vacation-home-in-paris/index.html To learn more, visit http://www.AdrianLeeds.com or email Adrian Leeds, at mailto:adrian@adrianleeds.com __________________________________ 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 Lutèce - A two bedroom, two bath ground floor apartment on a medieval courtyard next to Notre Dame http://www.adrianleeds.com/frenchproperty/fractional/pfo/labbaye_lutece.html 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. http://www.adrianleeds.com/frenchproperty/fractional/ __________________________________ Book your "FREE" personal consultation with Adrian Leeds. If you would like to consider having your own "pied-à-terre" for your pleasure and profit, guests of any one of our luxurious Parler Paris Apartments can take advantage of a FREE one-hour consultation with Adrian Leeds while you're enjoying the apartment in the City of Light. It's our way of saying "thank you" to our community! Visit: http://www.parlerparisapartments.com to book your stay and for more information or email Adrian at: mailto:adrian@adrianleeds.com __________________________________ 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/ ____________________________________ Practice Your French...or English! Open All Summer Long. Parler Parlor French-English Conversation Group http://www.parlerparlor.com Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week -- come as often as you like! For further details, visit Parler Parlor at: http://www.parlerparlor.com ____________________________________ Subscribe to the Parler Paris Nouvellettre®...It's twice-weekly and it's FREE! Visit http://www.adrianleeds.com/parlerparis/subscribe.html to learn more and subscribe. ____________________________________ Copyright 2011, Adrian Leeds® Adrian Leeds Group, LLC, www.adrianleeds.com