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How do I Buy Partial Real Estate in Paris?

How do I Buy Partial Real Estate in Paris?

Old Feb 7th, 2008, 05:47 AM
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How do I Buy Partial Real Estate in Paris?

I travel to Paris at least twice a year and I am looking for a way to keep from throwing money away on hotel rooms and rent. Any ideas out there? I would like to get some kind of return on my investment so I do not want to do a time share.
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Old Feb 7th, 2008, 06:27 AM
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You could try buying a property and renting it out through an agent for the times you don't want to use it. Lots of people do, but I don't know how easy it would be to manage at a distance.

You might like to repost on www.slowtrav.com: a number of posters on their French messageboard rent property out in Paris.
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Old Feb 7th, 2008, 06:35 AM
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Google fractional ownership Paris apartments. I've noticed different offerings for this lately. That's if you aren't looking to own a place singly.

There is also an article on fractional ownership and how it works on www.bonjourparis.com under accommodations. It does seem different than a timeshare though I'm not terribly familiar with them.

CW
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Old Feb 7th, 2008, 09:05 AM
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Interesting first post ever, tstock...

Looks suspiciously like a setup for some e-advertising I just received this week.

One twelfth-ownership of some apartment in oh... let's just guess where it was?

Ever sneakier guerilla marketing, one could imagine...

Best wishes,

Rex
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Old Feb 7th, 2008, 09:11 AM
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I don't know too many people investing in real estate right now as a sure thing -- especially in a place merely visit twice a year and when they have no idea how to even do that (and probably do not know French), or you wouldn't be asking strangers on a travel board on the internet.

Staying in hotel rooms is not "throwing money away". You are getting accommodation.
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Old Feb 7th, 2008, 09:19 AM
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I don't want to advertise for others, but I do get the Paris Parler email newsletter. They advertise seminars for peple looking to buy.

www.frenchpropertyconference.com/

As a note, I'm also planning, long term, in buying in Paris. There have been a couple of excellent long threads here on the topic. There are some issues that need to be addressed before making the leap.
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Old Feb 7th, 2008, 09:24 AM
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I've been interested in the same thing. I've been doing some checking on these guys: http://www.parisrealestatefinders.com/index.html

They seem to have a good establishment, although I have not used them myself. I'm checking references on them. I have contacted them and they were very quick to respond with A LOT of information.

I'll be in Paris next month and I plan on touching base with them to get a better fell for their business and what they can do for me.

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Old Feb 7th, 2008, 09:28 AM
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Partial ownerships is fairly complicated. I suggest you become fluent in French if you're not already, and then pick up a copy of Collection des Guides Pratiques du Logement and read the booklet Les Societes Civiles Immobilieres from cover to cover. It's the official Bible for what you are proposing to do...though I have to agree just traveling to Paris twice a year is hardly in itself a good reason to make a partial investment in real estate.
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