Owner: Paris real estate URL:http://paris-realestate.blogspot.com/ Join Date: Mon, 13 Aug 2007 03:17:13 -0500 Rating:0 Site Description: Paris real estate news blog Site statistics:Click here
Many Russians buying medieval castles in France 2007-08-12 17:22:00 Owning a medieval castle in Europe is too expensive for most Europeans, but it seems like a good investment for growing numbers of Russians
. More and more are settling in France
, where they have the choice of some 12 thousand antique estates. Several dozen Russians have purchased French castles in the past two years. Yet many of them choose not to save on taxes, keeping their luxurious homes for themselves alone, rather than opening them to the public.
Property in France: How to buy a house 2007-08-10 22:40:00 If the property is to be leased, are you looking for a sound capital investment? Even if you're not domiciled in France
, you may be subject to French income tax on letting income and, on the positive side, if your domicile fiscal is in France, your investment may qualify for tax relief. (If your annual rental income exceeds €23,000 euros, or more than 50 per cent of your total income, you will be considered a professional landlord.) Are you buying for business purposes? Your aims will directly affect your purchase, renovation and maintenance budgets.
French property owners should research tax 2007-08-08 18:01:00 Investors in French
real estate are being advised to make sure they fully research any possible tax implications. Property company Assetz are reporting that many people keen to buy real estate in France are not fully aware of the financial implications of property
ownership and that new rules have recently mean introduced.
French Property - Looking to take a holiday in France ? 2007-08-06 21:20:00 The Region: This huge and diverse region has a wealth of very different sights, cultures and cuisines to explore. There is plenty of variety to keep you occupied; from the rolling hills, medieval châteaux, prehistoric caves and rivers of the Dordogne, to the pine-covered sandy terrain of the Landes - the largest forest in Europe - and the endless stretch of sandy beach and dramatic sea which goes all the way down the Atlantic side of this region, down to the Pyrénées-Atlantiques. There is some great skiing to be had in the pyrenees during the winter, however this remote area is also beautiful to explore in summer.
Read more:France
, French
Paris property may be up your street 2007-08-04 17:18:00 INVESTORS looking for something out of the ordinary requiring a sizeable commitment may want to consider a specific investment in Paris
ian commercial property
being made available from Bank of Ireland with a €50,000 minimum sum. A commercial property, 44 rue de Lisbonne, is being purchased with an initial yield of 4pc (which is considered high for Parisian levels). Situated in the heart of the Paris golden triangle (where 20 top companies have their headquarters), the office building comes with inflation-proof rent reviews.
French Anti-Rich Views Make Exiles Wary of Sarkozy Tax Cuts 2007-08-02 20:11:00 Bloomberg) -- Nicolas Sarkozy
is rolling out the welcome mat for thousands of rich French
people who fled one of Europe's most onerous tax regimes. Few may heed his call.In his first economic act as president, Sarkozy is pushing a tax law to lure back exiles such as rock star Johnny Hallyday, 64, and members of the Mulliez clan, who control the French retailer Groupe Auchan SA. The measure will increase exemptions on the ``fortune'' tax -- the bete noire of rich expatriates -- and cap the total individual tax rate at 50 percent of income.
Moscow court arrests Berezovsky’s real estate in France 2007-07-31 17:08:00 A Moscow
court has sustained a request the Prosecutor General’s Office filed within the framework of a newly-opened case against the self-exiled controversial Russian big business tycoon Boris Berezovsky to arrest the real estate he has rented in France
. “The Basmanny Court has imposed a freeze on the Clocher de la Garoupe estate, including all of its buildings, plots of land, premises, parks and gardens in France,”
Read more:arrests
Morgan Stanley to sell French property firm 2007-07-29 19:19:00 PARIS,(Reuters) - MorganStanley
Real Estate (MS.N: Quote, Profile , Research) is expected to choose on Thursday the buyer for its French
business Compagnie La Lucette and Lehman Brothers' Real Estate (LEH.N: Quote, Profile , Research) appears to be best placed, French newspaper Le Figaro said on Wednesday. Offers ranged from 1.25 billion euros ($1.73 billion) to 1.4 billion euros and Lehman's offer topped those of other potential buyers, including Nexity-Caisses d'Epargne (NEXI.PA: Quote, Profile , Research) and a German invesment fund, the paper said.
Read more:property
, Morgan Stanley
Euro Disney revenue up in third quarter 2007-07-27 17:54:00 PARIS -- Theme park operator Euro Disney
SCA said Thursday that its third
-quarter
revenue rose 12% to €322 million ($444.7 million), citing stronger hotel revenue as well as a rise in the number of visitors. Theme park revenue gained 8% to €173.7 million, boosted by a 9% rise in attendance at Disneyland Paris. Hotels and Disney Village revenue rose 21% to €132.7 million, lifted by a 17% increase in average spending per room as well as a 4.7 percentage point increase in hotel occupancy. The company's real estate development segment revenue gained €1 million, boosted by the closing of a larger residential transaction than closed in the prior-year period, it said.
House prices increasing in France 2007-07-25 17:28:00 Rightmove Overseas has said it has received 251,824 French property searches last month alone with popular provinces including Brittany, Normandy and Languedoc-Roussillon.In addition, the south of France
is emerging as the most popular region with investors and holidaymakers seeking a traditionally French way of life and hot temperatures.
Read more:House
French properties offer secure investment 2007-07-23 17:20:00 Investing in France's real estate market is more certain than other overseas property, claims a leading consultant. Olivier Morvan of real estate agency Cluttons France, believes that those looking for a good solid return on their investment
should not dismiss France, especially as it remains a firm favourite for British holidaymakers."In France you will always keep the value of the property," explained Mr Morvan.
Read more:French
Tour De France Puts Alps On Property Map 2007-07-21 17:38:00 Despite being a traditional winter holiday destination, the Alps also have plenty to offer summer visitors, with plenty of outdoors activities and temperatures reaching 30 degrees. Following the media coverage of the Tour de France
, property developer MGM is catering for the new found interest in the Alps as an annual buy-to-let market with three new holiday home developments.
South of France real estate market 2007-07-19 17:21:00 Settling in a sunny area in the South
of France
is a dream that many do, are they from the North or from another country. Who, after a couple weeks of holidays spent on the seaside or in a small typical village of the South of France, has never thought of buying a house. The cicadas singing, no more good bread, olive oil, cheese and wine bought at the village morning market… the South of France appears as a paradise both for Northern people and for foreigners.
French property is a place in the sun 2007-07-17 18:55:00 "A Place in the Sun" Magazine published by Brooklands Media Group features France in its August edition reporting on the house price rises in Languedoc-Roussillon. It reveals that prices in Perpignan rose by 10% between January and March 2007. The region has consistently been an attractive place to buy property
for overseas investors. Languedoc-Roussillons capital Montpellier benefits from a slower pace of life, stunning architecture and has been booming. It has the honour of being voted France's most popular city to live in - thanks to its beautiful and relaxed 'Centre Historique' centre, chic shops and close proximity to the beach.
Read more:French
For Americans, Paris still sparkles 2007-07-15 17:12:00 At the Maison de la France, responsible for promoting French tourism on a national scale, officials are expecting a record 3.5 million Americans
to visit the country this year, boosting their spending by 10 percent over 2006 to 5.0 billion euros (6.9 billion dollars).
Read more:Paris
Paris Property Ideal For Buy-To-Let 2007-07-13 17:57:00 France's economic stability and sustainability, as well as the country's status as a "global gateway", further contributed to its appeal for investors. Report authors suggested that for the next two years at least, Paris
will offer great prospects for property investors. A spokesperson for real estate firm Property Frontiers said regeneration work around La Defense – Paris's major business district – is boosting the city's housing market. She also noted that over the last six years, house prices in the city have gone up by around 11 per cent a year.
French Property Hunters 2007-07-11 17:25:00 The new French
property portal has been created to give searchers not only a bigger choice of properties than other 'France-only' sites, but an overall better user experience on the site, too.
Read more:Hunters
France remains good investment 2007-07-10 16:43:00 Purchasing property in France
is still likely to lead to strong capital growth, claims a property firm. Property Frontiers believes that investing in properties away from the major hotspots of the Dordogne, Cote d’Azur, Alsace, Charentes and Loire Valley could maximise the potential for investors to enjoy good returns on their inital investment
s – despite the growing prices in the country.
Congo leader denounces French property probe 2007-07-08 17:58:00 "All the leaders of the world have chateaux and palaces in France, whether they are from the Gulf, Europe, Africa," Sassou-Nguesso said following a meeting with French
President Nicolas Sarkozy that centered on the crisis in Darfur, Sudan.
Read more:property
Paris growing real estate activity 2007-07-06 18:34:00 International property investors may be pleased to learn that Standard Life Investments is to open a new office in Paris
. According to the firm, the new outlet will provide continued support in an area that is seeing growing real estate activity.
Tourism a 'major factor' in French real estate market 2007-07-05 03:25:00 Both capital growth and rental value of an overseas property are often determined by demand within the tourism sector, a trend particularly evident in the French
real estate market, one expert has claimed.
Read more:Tourism
, factor
Digital Realty Trust To Lease 2,500 Sq. Metres Of Space In Paris 2007-07-02 16:44:00 7/2/2007 6:50:32 AM Monday, real estate investment trust DigitalRealty
Trust Inc. (DLR) announced that it entered into a deal with Europe-based IXEurope Plc to lease 2,500 square meters of Powered Base Building space in its facility in Paris
, France. IXEurope, a data-center service provider, plans to create an advanced data-center facility in this space and is expected to be made available to customers in the fourth quarter of 2007.
Read more:Space
Sale of 9 Place Vendôme, Paris 2007-07-01 16:01:00 Hammerson and AXA REIM France have signed a conditional agreement to sell their shares in SAS 9 place Vendôme, the joint venture company which developed and owns the major office building at 9 place Vendôme, Paris
1er. Completion of the sale is scheduled for 9 July 2007 and the purchaser, SAS Sloane place Vendôme, has paid a non-refundable deposit of £13 million (€20 million).
Read more:Place
Real Estate for sale in France 2007-06-28 19:36:00 For connoisseurs of France
's oldest and most seductive region, the 'real' Provence starts north of the busy A8 motorway linking Nice, Cannes and Monte Carlo in the east, to the region's capital, Marseille, in the west. In effect, the autoroute is the Rubicon that separates the tranquil hinterland of the Var, the Vaucluse and the Bouches-du-Rhône, from the glitz, glamour and razzmatazz of the Cote d'Azur.
Read more:Estate
, Real Estate
Brits to buy a property in France 2007-06-27 01:33:00 Having lived in France
since 1965, Ken Tatham knows plenty about the French lifestyle. As a bi-lingual Franco-Englishman, he has a perfect command of the language and over 35 years of export sales and marketing experience.
Read more:property
, Brits
French Property Demand Still On The Up 2007-08-15 12:13:00 France is seeing a steady growth in its property market and this is due to both local demand and overseas investment, with up to 500,000 properties needing to be built each year for the next 10 years just to cater for this demand. Anthony Fernandes, Director of SPC Overseas says, “France has always been an attractive market for many from the UK. Traditionally, France has been seen as good value for money and UK holiday home buyers have been able to realise superb properties and grounds at a fraction of what the near equivalent would cost in the UK.
Read more:French
French market 'primed for investment' 2007-08-18 18:02:00 The property market in France is experiencing persistent development due to continuing demand from overseas investors, according to SPC Overseas. France's property prices were also identified as being traditionally cheaper than those of other European countries.
Read more:French
, investment
Property in France: A foreign invasion ? 2007-08-16 19:55:00 How would you feel if your village in the heart of the Cotswolds, say, was invaded by Russians or Germans snapping up first or second homes? The local shop starts selling sauerkraut and kolbassa and the foreigners running the pub don’t speak much English but serve vodka to their compatriots who prop up the bar every evening.
Read more:France
Rail boost for French property 2007-08-23 17:28:00 Investors on the popular French
market will no doubt be delighted then to hear that the country's famous high-speed rail system - TGV - is being expanded all the time and is set to cover even more of the country over the next few years. What is more, France can now be reached by rail from the UK via the Channel Tunnel, allowing for seamless almost door-to-door travel. According to the Daily Telegraph, "the development of France's high-speed rail network is opening up potential new markets for overseas buyers". A new service between Paris and Strasbourg was launched earlier this month and reportedly cut travel times between the two cities by half.
Read more:property
Property in France: Know what you want? 2007-08-23 14:47:00 More Britons than ever are buying and renovating properties in France
. Miranda Ingram, our French property expert, will be offering daily advice and leading debates on everything from developing in the Dordogne to living in the Loire.
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