Fractional Ownership:How to Make the Paris Dream Come True

Tour clients are always asking me about how they would go about buying or renting an apartment here. Like me before I moved here, they dream of having an apartment in Paris. I recently found out that there is a way to own an apartment without the hassle of dealing with the French real estate system, which can be treacherous sometimes.

It’s called fractional ownership and is similar to a time-share, except that fractional owners actually own a proportional share of the title of the property. You purchase a four-week ownership per year (or more weeks if you like) and it can be a fixed time or flexible, depending on what kind of plan you buy into. The newly renovated, luxurious apartments come with amenities like dishwasher, washer & dryer, gourmet kitchen stocked with food & wine before you arrive if you wish, secured storage, concierge services, air conditioning and a laptop computer. They are located in upscale, residential, and central neighborhoods including the 6th, 7th, or 4th arr.

There are two companies I highly recommend that specialize in fractional ownership and I have met the owners. The first is Fractional Paris and right now they are offering ownership at 7 rue Mahler in the Marais, right across the street from moi. The property is a meticulously renovated, well-appointed two-bedroom apartment that sleeps six with a private terrace and two full bathrooms.

The other company is Paris Pied a Terre, owned by Walid and Charla Halabi. Right now they are offering three properties, a one, two, or three bedroom apartment located in the 6th and 7th arr. The décor is sleek, modern but homey and no expense has been spared in the renovation.

Price start at $142,000 for a one-bedroom, 1/12th share (one month). Ownership is expressly designed for investors outside of France.

The best reason of all to purchase a fractional ownership apartment in Paris is so you can take an Eye Prefer Paris Tour at least once a year with me. If that’s not a good enough incentive, I don’t know what is.

http://www.fractionalparis.com- Ask for Laura
in France: 01 72 77 00 39, or 06 78 91 84 53, from the US: 917-779-9950
http://www.parispiedaterre.com- Ask for Walid +33-(0) 631170303

Please tell them Richard from Eye Prefer Paris sent you.

If you buy this one, please invite me for a glass of Champagne

I am pleased as punch to announce the launch of Eye Prefer Paris Tours, which are 3-hour walking tours I will personally be leading. The Eye Prefer Paris Tour
includes many of the places I have written about such as small museums & galleries, restaurants, cafes & food markets, secret addresses, fashion & home boutiques, parks, and much more.

I look forward to meeting you on my tours and it will be my pleasure and delight to show you my insiders Paris.

Check it out at www.eyepreferparistours.com

Comments

[Realestate]

Interesting site, always a new topic .. good luck in the new 2011. Happy New Year!

[Lilia Dyal]

One great advantage of fractional ownership is that it can avoid spending too much in maintaining the house. Having more than one owner can lessen the expenditure for maintenance as there are many people that will contribute with the expenses decreasing individual financial risk, like too much investment.