Archive for the ‘Uncategorized’ Category

Latest Paris Real Estate Data – Feb thru May 2010

August 5, 2010

The Notaires of Paris have just released their latest figures on the real estate market throughout the Ile de France, including Paris.  The figures once again confirm the trend of increasing prices, both in Paris and the outlying suburbs.  Paris apartment prices are up 7.2% year over year (May 2010/May 2009), more than negating the drop in prices experienced for the year prior (May 2009/May 2008).  For the quarter ending in May, prices have once again increased 2.6%, adding to the string of quarterly increases of the prior to quarters.

Coupled with these solid numbers is a very healthy increase of 56% in the number of apartments sold in Paris over the last year, with 7900 apartments sold in the last quarter alone.

To view this report in its entirety, you can visit the website at http://www.paris.notaires.fr.

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Time to Refresh This Blog!

June 23, 2010

I want to apologize to my readers for the lack of content here over the course of the last 14 months.  I have been a little preoccupied with some of my other companies, and this blog has suffered from a lack of attention as a result.  But I hope to bring things back up to speed here.  A lot has happened since my last post in April 2009, and I hope to cover much of that here, so stop by periodically and catch up on the new content. – Steve

Paris Prices Continue Their Climb

October 24, 2008

According to the most recent figures published by the Notaires of Paris, prices for Parisian real estate continued their decade long upward trend, rising by 2.4% for the 2nd quarter of 2008.  On an annual basis, Paris real estate has appreciated 10.4%.  However, a portent of the future may be the finding that the volume of sales was down 15% in the 2nd quarter.  Overall, I think that these findings continue to support my belief that Parisian real estate will generally buck the prevailing trend of price depreciation felt elsewhere, particularly in the UK, Spain and the US markets.  To review the details, you can visit the Notaires website at http://www.paris.notaires.fr.

Paris Prices Continue to Climb

September 12, 2008

The Paris Notaires (http://www.paris.notaires.fr/) have issued their latest report on the state of the Parisian housing market, covering the period from May 2007 through May 2008.  In a nutshell, here are the findings:

1.  The volume of sales in Paris has decreased 20% in the last year.  I am sure that this is due both to the higher prices in general, as well as a reflection of softer economic conditions throughout France and the Eurozone.

2.  The average price of apartments in Paris increased 9.4% over the last year, continuing the steady appreciation of the last 10 years.

Here is the summary table posted by the Notaires:

Notaire Price Report - May 08

Notaire Price Report - May 08

Chateau at Chantilly

May 6, 2008

Chateau at Chantilly 

One of the lesser known and certainly lesser frequented sites outside of Paris is the Domaine du Chantilly. While it is not the equal of the Chateau at Versailles, it’s splendor is quite fantastic, and you will not have to deal with hordes of people.  In fact, when we visited, there were fewer than 50 people viewing the entire chateau.

How to get there:  Take the RER from Gare du Nord.  The town of Chantilly is about 30 minutes by train, north of Paris.  From the town train station, you can either take an expensive taxi ride (6-8€) or a leisurely 15-20 minute walk to the castle.  Take the free guided tour of the apartments located within the castle, and you can download the audioguide from their website, http://www.chateaudechantilly.com.  You can also tour the magnificent gardens and the equally breathtaking Equestrian Center, the largest in the world, which was a virtual chateau dedicated solely to housing the Duke’s show horses.

Happy Saint Patrick’s Day!!

March 14, 2008

Happy Saint Patrick’s Day

Hey!  I thought that Saint Patrick’s Day was March 17th?  Well, guess what?  It ain’t so for the year 2008.  Why?  Because the Catholic Church has a little known rule that during Holy Week (the 7 days leading up to Easter), no other saints can be honored.  Land of Begorrah!  No parades, no green beer, no shamrocks or crazy leprechauns in the Catholic world on the 17th this year.  So most folks, at least in predominately Catholic countries, will be celebrating today, or tomorrow, or whenever!

Renovation Update – Chez La Tour

March 12, 2008

We are halfway through Week 2 of our renovation of our newest fractional ownership apartment in Paris which we fondly call Chez La Tour.  At this stage, the kitchen has been completely removed, all of the tile and marble floors removed, as well the separating wall in the bedroom.  Following a run to the trash dump, we have removed at least a mile’s worth of piping that was run all across the walls of the apartment.  Some of the more classic radiateurs are being stored for the moment, and the rest are history.  We will be completely re-piping all of the domestic water and drain lines, discretely hiding them from view for a much cleaner look. High efficiency sleek low profile radiateurs will replace the existing units.

Piping on walls in Entry

Tomorrow, Rich has promised updated photos of the apartment.  Our schedule is to meet with the marble installer and electrician on Friday, to lay out how everything will be done and installed.  Next week, framing will begin on the new walls.  Already, the apartment is feeling even bigger and more spacious than before.

A White Christmas

December 26, 2007

Christmas day arrived with a steady stream of snowflakes falling from the sky.  As the day progressed, so did the snow.  By mid-day, all of the pine trees were fully blanketed with a shimmering coat of snow, their branches bending just slightly under the weight.

This is what Christmas looks like, I thought, on all of those Christmas cards. 

By evening, it was still snowing.  I had shoveled the driveway 3 times, taking some small solace in the fact that our snow is actually bone dry and fluffy, and that I desperately needed the exercise. Everywhere, there was only the hushed stillness of nature, disturbed only by the wind blowing the snow from our roof. I had never thought of shoveling snow as a spiritual experience before.

It was a good day spent with Sue, sharing gifts, cooking a turkey for dinner, and just unwinding.

I hope that everyone had as good a  Christmas as we did!

Pending Price Increase – Jardin Saint-Paul

November 18, 2007

Our current fractional offering in the Marais, Jardin Saint-Paul, is nearing completion of renovation, which is on target for December 1st.  At that time, prices for the few remaining fractional shares will be increased to 92,000 euros per share. One of our current owners will actually be occupying the apartment starting that day. If you are not familiar with the project, I encourage you to visit our website at www.parishomeshares.net.

 If you have been thinking about joining us, don’t wait too much longer!  Here are a couple photos of the new look of the apartment.

New Bathroom with Italian Marble Master Bedroom Working Marble Fireplace

The Rox Get Pulverized in Game 1

October 25, 2007

Ohhh, this was a hard game to watch, especially the first 5 innings.  Final score: 13-1.  Boston leads the Series 1-zip. 

I am the last person to be a baseball pundit, but one can only wonder what happened to the Rockies pitching finesse.  Was it their inexperience, or the 8 day layoff?  That is to take nothing away from the Red Sox performance.  Josh Beckett’s pitching was flawless through 7 innings, illustrating why he is the best pitcher in the Major Leagues this year.  And the Red Sox batting lineup proved formidable throughout the game, pummeling the Rockies pitching for extra base hit after hit.  The only good thing for the Rockies is that the lopsided score allowed some of the back bench players to actually get a chance to play in the World Series.

The good news is that even if the score was 100-1, it’s only Game One!!!  Tonight, we will see if the Rockies settle down and show the talent that brought them to the World Series.  GO ROCKIES!