Vacation property can be prohibitively expensive and a lot of work to manage from afar. Especially in the current market, fractional ownership is an exciting proposition as it makes it possible to live the good life for less; owners enjoy a designer Parisian pied-a-terre to entertain friends and family and someone else handles all the hassle - all for a comparatively small cost
Paris, France (PRWEB) October 29, 2008
Fractional Paris, one the few companies specializing in Parisian fractional property, have just completed renovations on a 2-bedroom apartment featuring a private terrace, in the heart of the historic Marais.
A similarly appointed apartment with outdoor space would cost today's buyer well over €1,100,000 plus the associated headache to purchase, renovate and furnish. Fractional Paris is offering a 1/12th share with the right to four weeks of use a year, in perpetuity, for €120,000. The price includes the all acquisition costs, renovation and furnishing, and legal and financing fees.
"Vacation property can be prohibitively expensive and a lot of work to manage from afar. Especially in the current market, fractional ownership is an exciting proposition as it makes it possible to live the good life for less; owners enjoy a designer Parisian pied-a-terre to entertain friends and family and someone else handles all the hassle - all for a comparatively small cost," says Laura Sanders, Director of Sales at Fractional Paris.
After several months of work, the exquisite craftsmanship and striking design choices speak for themselves. - 7 rue Malher is the most sumptuous fractional product on the market, and at an extremely competitive price. Modern touches mixed with French antiques and natural stone finishes dominate the apartment while a subtle layering of patterns, prints and antique details give the apartment a glamorous edge.
"Owning a luxury asset outright is not always the best use of your money - and certainly not in today's climate. Our buyers get a gorgeous apartment in one of the best neighborhoods in town, for only a small part of the cost of full ownership. And then realize the appreciation when the property - or even their individual share - is sold," continued Ms. Sanders. "I'm happy that we're able to offer a win-win to our clients in this market, and ecstatic that it turned out so beautifully."
About Fractional Paris:
Fractional Paris is a division of Paris Property Finders, the first licensed real estate buyer's agent in Paris and the market leader in France. With over 15 years of combined experience in real estate and construction, we've spent years assembling the best teams. Our highly competent design, construction and management teams ensure that everything is done right the first time.
For more photos and a virtual visit: http://www.fractionalparis.com/MalherVisit.htm
For more information, please contact:
Paris Property Finders
France (+33) 06 78 91 84 53
USA (917) 779-9950
laura @ fractionalparis.com