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‘We are so delighted with the apartment. It meets and exceeds our expectations... love the neighborhood, your greeting team. We could go on... it's just wonderful.‘
Thank you! Lory and K, Kansas City
Following the success of our first fractional offering, the Cairanne apartment, which sold out shortly after launch, we are excited to announce our latest fractional apartment ownership opportunity - the gorgeous Beaune two-bedroom luxury apartment on Paris' Left Bank.
Our Perfect Experiences family is proud to have created Paris Perfect, a vacation rental agency hosting over 50,000 guests in the past 18 years. Our Paris guests love our beautifully furnished properties, custom luxury linens and antiques, our local team on the ground and many resources for guests. Most of all, we've developed the expertise to remodel and manage beautiful properties in Paris, Italy and London.
Over the years, many Paris Perfect and Perfect Experiences guests have told us how much they love the beautifully furnished and maintained vacation rental properties we manage – from our own luxury linens and amenities to helpful service in Paris. They told us of their dream of owning a second home in Paris without the large, upfront investment to find and remodel an apartment. We listened, and early this year announced the beautiful one bedroom Cairanne apartment for sale, which sold out quickly. Many asked if we would offer a larger two-bedroom apartment in the future, and we said yes.
We are proud to introduce the stunning Beaune two-bedroom, two-bathroom apartment in the heart of Paris' 7th arrondissement – a Paris jewel. This fully deeded apartment is for thirteen owners, and each share represents a four week stay every year at a price of € 179,000.
The shared ownership concept has grown significantly over the past twenty years because property owners can only spend a small portion of the year in their second home. Their time is precious -- they want to enjoy their home and investment, but do not want to deal with renovations or maintenance headaches. With fractional or shared ownership, this has become possible. This is not a time share or vacation club; owners are fully deeded owners of the property itself. The buyer physically owns a portion of the property as an asset, but at a fraction of the cost and without the hassles and expense of renovations and upkeep.
We received multiple requests to launch a two-bedroom, two-bathroom shared ownership apartment in Paris, so owners could enjoy their time with friends and family. We listened, and with that in mind, are launching the fabulous Beaune apartment: a beautiful two-bedroom apartment located on the Left Bank and around the corner from the famous rue Cler market street. The shared ownership option was the way to go as each share represents one month stay at Beaune. With our experienced management of luxury apartments in Paris and elsewhere, it was one of those "Why didn't we do this before?" ideas.
With a strong dollar and Paris real estate prices on the rise, investing in a shared ownership opportunity now provides the potential for investment appreciation and the benefit of shared ownership costs with the assurance of a relaxing stay in your own Paris home four weeks a year, at a fraction of the cost. The price per share is € 179,000. This is a fully deeded ownership share, which represents a four week stay every year. Click here for full details about this apartment.
All this can be yours through a unique shared ownership opportunity from Paris Perfect, the premier luxury vacation rental company in Europe. For Paris lovers, this is a cost-effective way to share in the ownership of an apartment in one of the finest locations the city has to offer. Each apartment offers up to 13 buyers the opportunity to purchase ownership for four weeks a year.
Contact [email protected] for more information.
The location is without a doubt, one of the most sought after in Paris. Beaune is located on the beautiful Left Bank, near the wonderful open-air rue Cler market, and surrounded by boutiques, boulangeries, boucheries, fromageries and more! This is the most sought after quartiers in Paris, and you'll love the popular neighborhood bistros, café's, restaurants, as well as the fashion boutiques of rue St. Dominique and rue de Grenelle. You're not only near more open-air markets, you're living in a charming Parisian village with more patisseries and boulangeries per square block than anywhere else in Paris.
"You have created a wonderful property, and as former guests, we are truly excited to have the opportunity to be part of it. We look forward to a life-long relationship with you and our new home in Paris." – Fractional Co-Owners Lory and Kevin
You'll have two blocks of two weeks each and each season in Paris offers the opportunity to experience a different side of Paris. And as most of you know, whether winter, summer, spring or fall -- Paris is always a good idea.
Spring: Paris blooms early, often in February or March, and can be quite warm by May. The gardens and parks are all in bloom; it's a great time to add on an extra leg to your Paris weeks with side trips to other spots in Europe (that's what the French do!). Hitting one of the farmers markets and eating a picnic while sitting on your balcony is a great idea in spring. Explore trendy market streets and the surrounding neighborhoods like rue des Martyrs in the 9th, rue Mouffetard in the 5th, Marché des Enfants Rouge in the 3rd, and Marché d'Aligre in the 12th.
Summer: The banks of the Seine are converted into beaches and pedestrian areas, lined with pop-up venues to eat and drink while watching the river go by. The café scene is alive, as the French still in Paris try to soak up all the sun they can. It's a great time to take day trips into the countryside to explore. The Loire chateaux, Champagne, and Bordeaux are all within two hours by train.
Fall: With a chill in the air, you'll relish long walks along the river, art and history expositions, autumn foods and specialties, autumn fashion and activities. Join a class at one of several ongoing groups to study French, to make local friends, and get in on the history tours, cooking classes, wine dinners, and excursions that fill up the fall and winter social calendar. Fall is when the menus change and your local merchants present their favorite delicacies including mushrooms, warm soups, quail and so much more. It's a terrific time to add onto your weeks visiting elsewhere in Europe, before or after your stay in Paris.
Winter: The best time of year for many of us. Cold enough to wear stylish scarves and mufflers, you'll relish the Holiday Spirit throughout Paris, including Christmas markets and outings. The City is lit up and sparkling. There is ice skating at the Grand Palais and in front of Hotel de Ville. This is the time of year to try all those new restaurants, since there is less competition for reservations. Most of all it's a time for great food as everyone focuses on family and eating together. The local restaurants and open air markets turn out their winter specialties from scallops and amazing ‘chasse' such as wild boar -- to special seasonal pastries such as the Galette des Rois and Bouches de Noel. Explore all the covered passages with their holiday lights. Your new local friends are mostly around during this period, so it's a good time to build your network.
Q: Why did Paris Perfect decide to offer fractional, and how it is different from Paris Perfect's vacation rentals?
A: The reason we decided to go this route is because our guests love staying with us and have asked for the chance to own themselves and have us manage their apartment. We have a unique advantage — a complete operation to manage care of apartments in Paris. We will use the same French operating company as Paris Perfect with maintenance staff, housekeepers, office and even a private laundry service for the linens. Managing a fractional is an extension of the same sets of services.
Q: How is the annual budget set for the property? Are there any additional costs?
A: All of the costs to manage the apartment -- including building charges, condominium fees, utilities, property taxes, turnover / cleaning, management, supplies, and a 5 to 10-year depreciation cycle for appliances and normal wear and tear -- are included in the annual fee paid by each owner. This is an incredibly reasonable, all-inclusive fee which makes ownership a natural decision for most. In addition, a substantial portion of the annual fee is set aside for a longer-term maintenance fund for the apartment and building.
Q: Will we need a French bank account or be liable for taxes in France?
A: No, you will not need a French bank account nor personally file French taxes. The fees can be paid in US dollars to the US companies set up to own the apartment through a French SCI (Like an LLC). The taxes will be paid by the US companies to the French SCI, which will file an annual tax return. These ongoing expenses are already factored into the annual fee detailed above.
We have engaged the premier fractional lawyer in the US, Mr. Andrew Sirkin, to create the entities, and it's the same as most established fractional ownership structures in the US and overseas.
Q: If there is any conflict among the owners, how is it to be resolved? If an owner doesn't contribute their share or abide by the agreement, is there a system/process in place to resolve it?
A: The apartment is held by a US company and the contract will have an owner management board to answer questions, authorize payments, resolve conflicts and issues. As the fractional system has grown, this kind of system has become increasingly common and workable. What makes our offer unique is there is an established operating company on the ground that handles all the legal vacation rentals, as well as the fractional apartments, including laundry, luxury linens, on the ground office and excellent cleaning staff.
Q: If an owner wants to exit, will there be a chance among the other owners to purchase the share first? Is there a defined exit process for an owner who wants to sell their share?
A: Yes, it will be a defined process and we can act as agent to sell your share. Other shareholders will have the first priority to purchase shares.
Q: If we wanted to secure a share, do you need a deposit or the funds upfront?
A: We will have a deposit and reservation contract available soon, with the full information package shortly thereafter.
Cairainne Fractional: This lovely apartment sold out within one month and based on the interest and reviews from our first family of buyers, we decided to launch more. Click here to read more about our the Cairanne, our first Paris fractional.