Paris food markets

One of my favorite guests who has recently become an owner of one of my Fractional Properties here in Paris has just launched her latest endeavor; an iPod/iPad/iPhone application that provides an excellent overview of a number of Paris' best food markets. During her last few stays at her apartment in Paris she took the time to travel all around the City of Light to visit food markets in each arrondissement and has compiled her findings for the users of this very pretty application.

It can be downloaded directly to your apple hardware and will make a great tool to have on hand for your next visit to Paris. You can visit the website she has set up to explain a bit about the application here:

www.parisfoodmarkets.com

I highly recommend it...

Glenn Cooper
www.rentals-paris.com
www.paris-fractional-ownership.com

Patrimap - Paris Fractional Ownership news

The building which houses several of our beautiful Paris apartments

The Paris tourism office has just started working with a new website that is already available for Iphones, Ipads, a variety of other smartphones and certain laptop applications. The Patrimap application uses your actual location as a base and points out all of the sites of interest and historic points of interest in the area.

A PC version can be found here:

http://patrimap.paris.fr/en-US/patrimap/nearest

I installed it and was having a look when I noted that a number of our properties are located in buildings on the Ile de la Cite, considered to be historic monuments by the City of Paris. They specifically list the buildings in which are located our Chanoinesse 5,6,7 apartments as well as our Chanoinesse 1,4 units. The following description of the building where the 5,6,7 units are located shows some fun aspects of staying in one of our wonderful buildings...

On the Ile de la Cité, the historic cradle of Paris, three buildings dating from the 18th century can be found at this address. The carriage porch provides access to a deep and narrow courtyard. By closely observing the courtyard materials, one can notice that the stone paving is mixed with granite paving slabs. In fact, some of these slabs were tombstones, probably from the neighborhood churches! Additionally, the ground floor is partly supported by stone-engaged columns that belonged to the former Jacobin monastery (which was situated at the actual 156 rue Saint-Jacques), as the adjoining site to 19 rue Orsini. This monastery was the property of preachers of the Dominican order, known as Jacobins because the convent was built on land that belonged to the Saint-Jacques hospice for pilgrims. In 1218 the Dominicans settled in the monastery, which also included a school and a church, the latter containing the bodies, hearts and entrails of 22 royal kings, princes and princesses. The Jacobin monastery was abolished in 1790 – its cloister served as a ballroom – and was demolished from 1800 to 1849.

Opportunities now exist to buy a share of a beautiful Paris Fractional ownership property in one of these buildings so you can really own a piece of Historic Paris. In addition, you can also rent one of these apartments and see if the exquisite setting pleases you as must as we are sure it will. We will be happy to offer you the rental for all buyers of a share of our beautiful Paris apartments.

Glenn Cooper

Paris fractional ownership - Le Notre Dame

We are happy to announce that our new Paris Fractional Ownership property is available for viewing and we have already started to receive some interest buyers. We will be selling off four week shares and the dates are all listed on our new website:

www.paris-fractional-ownership.com

For those of you who have wanted to own a Paris apartment but were afraid of investing and being responsible for maintaining a property all year in Paris, this is the ideal solution for you. Our program will allow you to buy a four week share that you will own (with a title in hand for the four weeks) and during the rest of the year, you will have nothing to worry about. All will be handled for you and the property will be well taken care of so that each year when you come to Paris you will benefit from enjoying your time here worry free.

This beautiful studio, ideally located on the Ile de la Cite, with views of Notre Dame, will amaze you. It is the perfect spot to spend your time in Paris, year after year, and will provide you with something wonderful to look forward to as long as you own it.

Please feel free to contact me directly:

glenn@paris-fractional-ownership.com

Look forward to hearing from you.

Glenn Cooper

Paris Fractional Owernship

We have recently started to offer interested buyers the chance to partake in buying shares of some of our beautiful Paris properties. These Paris fractional ownership shares are based on four week ownership periods which can be broken up into two two week periods each year.

This will provide buyers a wonderful opportunity to own their share of a beautiful Paris apartment at a fraction of what the property would cost and with the added bonus that everything is taken care of for you. There are no ownership worries or hassles and those who buy a fractional ownership share of our properties will be assured the high quality management you are used to when working with our team here in Paris.

Our first property on sale is our beautiful Studio located on the Ile de la Cite with direct views of Notre Dame. We call this property Le Notre Dame and you can view it directly on our Paris fractional ownership website:
www.paris-fractional-ownership.com

Please feel free to address all questions to Glenn Cooper directly at:
coopergl@gmail.com

Look forward to hearing from you.

Glenn and the Paris Fractional Ownership team

Fractional ownership: Relais Saint-Louis

Rentals in Paris has recently met D. Andrew Sirkin, a recognized expert in fractional ownership and other co-ownership arrangements including shared vacation homes, to discuss the Fractional ownership concept in detail in light of our current project which we are offering to our clients, The Relais Saint-Louis. He outlines the basic principles of fractional ownership which we are providing you for your information.

Fractional ownership is an arrangement where a group of individuals or families co-own and share use of a vacation home or condo. They are often set up by a property owner or developer who outfits the property, creates the legal structure and documents, then offers the fractional interests for sale.

Statistics show that most people only use their vacation home 17-30 days each year. Shared ownership is appealing because it allows people to own only the share of a vacation home that they will use, rather than the entire property. The main benefits of fractional ownership are:

Lower Acquisition Costs
Lower Operating Costs
Eliminate or Diminish Need for Rental Tenants
Diversification of Investment and Destination

The benefits of shared ownership are so compelling that many people who could easily afford their own place are opting for fraction ownership instead. Perhaps even more surprising, many people who already own a vacation home are choosing to sell some fractional interests in it in order to lighten their cost and management load and still use the property just as often as they ever did.

Rentals in Paris is opening up the opportunity for our clients to participate in our new venture, a three story luxury apartment located in a 17th century building on the very exclusive Ile Saint-Louis. This beautiful property will have three bedrooms, three bathrooms, a gourmet kitchen, a gym in the building’s basement, and management present in the building to ensure that all goes well for our owners, during their stay as well as when they are not here. We will be selling four week fractional ownership shares of the luxury Paris pied-a-terre, and we already have more detailed information and photos available for interested investors.

Please feel free to email us at: coopergl@gmail.com .

Owning YOUR OWN apartment on Ile Saint-Louis

The Île Saint-Louis is one of two natural islands in the Seine river, in Paris (the other natural island is the Île de la Cité). The island is connected to the rest of Paris by bridges to both banks of the river and by the Pont Saint Louis to the Île de la Cité. It was mapped and built during the 17th-century reigns of Henri IV and Louis XIII.

A peaceful oasis of calm in the busy Paris centre, this island only has narrow one-way streets, no métro stations and two bus stops. Most of the island is residential, but there are several restaurants, shops, cafés and ice cream parlours at street level, as well as one large church, Saint-Louis-en-l'Île Church.

Rentals in Paris is in the process of purchasing a beautiful 5 story building which has been the home to French families for centuries, in the heart of this unique and sought after Paris setting. The location is certainly one of the most magical spots in Paris and this unique 'maison de ville' (private Parisian residential building) will enchant all those who have the chance to spend time here.

We are opening up this opportunity to our guests and their friends who might be interested in investing in this luxurious residence. We will provide you with a turn-key approach to owning a piece of this very special setting. Our plan is to provide investors with a share of our Fractional ownership program. The organization of the project's implementation as well as the future building management will all be handled by our Paris team.

We are in the process of putting together our documentation about the project and welcome all inquiries concerning participation.

Looking forward to hearing from you.
Glenn Cooper
http://www.paris-aparts.com/
http://www.rentals-paris.com/

Paris Real Estate among the best for World investors

Forbes magazine recently published a list of the top 10 cities in the world to invest. The work was compiled by the Association of Foreign Investors in Real Estate (AFIRE) and included a survey based on 200 participants. The real estate holdings of those included in the survey surpassed the $700 Billion mark, and their conclusions concerning favorable investment opportunities was very clear.
Despite increasing prices and exchange rate factors, Paris was still the number 4 city in the world, following New York, London and Washington D.C. The combination of stabilizing real estate prices in Paris with the very high occupancy rate for rentals result in what is considered 'A very favorable investment setting' especially in light of medium term value growth.

"The occupancy rate of the commercial market in Paris is at its highest. The sector will see rising rental prices for as long as demand continues to outstrip supply in the city, as is now the case," according to Forbes Magazine.

Glenn Cooper
www.paris-aparts.com

Paris real estate holding strong

Despite the recent negative impact on the real estate market in a number of countries due to general economic factors and the Sub prime problems in the US, Paris real estate is sustaining its value. The International Herald Tribune recently published an article explaining the factors causing this strength and Glenn Cooper was asked to share his thoughts on the topic.

Please click here to view the Tribune's article.
http://www.iht.com/articles/2008/05/14/business/house.php

Mr. Cooper was also filmed for their documentary on Paris apartments and given the opportunity to explore some of the reasons why Paris real estate is still an excellent investment today. You can view the video here:
http://link.brightcove.com/services/player/bcpid959009704?bclid=1026280058&bctid=1552650265

Please feel free to contact Glenn Cooper with any questions or if you are considering the possibility of investing in Paris.

www.paris-aparts.com
coopergl@gmail.com

Do falling US real estate prices indicate that this will soon be happening in France?

A recent article published in a French real estate Magazine, “Le Particulier a Particulier” produced a brief comparison report between the US and French real estate markets. Their conclusion was that the current trends in the US will not necessarily cross over the Atlantic and effect the French real estate market in the same way. They state that a number of key differences between the two countries are likely to prevent this from happening.

The US real estate market wavering was a chain reaction; while real estate prices were exploding, many financial institutions granted high risk loans purely based on the continued expected rise in real estate prices. When prices fell, the market became heavily unbalanced. Refinancing for highly overvalued and already strongly leveraged properties was common even when current market values were dangerously high and out of sync with standard market valuations. The growing number of sellers in the US who have not been able to sell their properties for as much as they had in their outstanding mortgages has reached alarming levels.

In France, mortgage legislation is tougher than in the US, and more controlled. Lending is tighter and therefore the number of foreclosures in France pales with respect to the US market. Furthermore interest rates are still down at historically low rates of about 4% which continue to promote transactions in this very alive real estate market. Paris real estate is booming these days.

If you are interested in purchasing a Paris apartment, please visit our website:
www.paris-aparts.com
Or email Glenn Cooper at: coopergl@gmail.com

Do falling US real estate prices indicate that this will soon be happening in France?

A recent article published in a French real estate Magazine, “Le Particulier a Particulier” produced a brief comparison report between the US and French real estate markets. Their conclusion was that the current trends in the US will not necessarily cross over the Atlantic and effect the French real estate market in the same way. They state that a number of key differences between the two countries are likely to prevent this from happening.

The US real estate market wavering was a chain reaction; while real estate prices were exploding, many financial institutions granted high risk loans purely based on the continued expected rise in real estate prices. When prices fell, the market became heavily unbalanced. Refinancing for highly overvalued and already strongly leveraged properties was common even when current market values were dangerously high and out of sync with standard market valuations. The growing number of sellers in the US who have not been able to sell their properties for as much as they had in their outstanding mortgages has reached alarming levels.

In France, mortgage legislation is tougher than in the US, and more controlled. Lending is tighter and therefore the number of foreclosures in France pales with respect to the US market. Furthermore interest rates are still down at historically low rates of about 4% which continues to promote transactions in this very alive real estate market. Paris real estate is booming these days.

If you are interested in purchasing a Paris apartment, please visit our website:
www.paris-aparts.com
Or email Glenn Cooper at: coopergl@gmail.com