"Fractional Ownership" Offerings by Our Partners"

Paris Home Shares

Founder, Steven Navaro, has been a real estate attorney and broker since 1977 checking out property in exotic places as a pasttime. He was no different than anyone else, always dreaming of owning a beautiful "home away from home." When he first visited Paris in 2000, he was disheartened by the Paris property prices and even more so on each subsequent visit, as Parisian real estate soared and the dollar’s value plummeted.

Then, a light bulb went off in his head. He asked himself why did he need to own an entire apartment, when he couldn't possibly use it for more than a month or two at most each year anyway? Did he really want to be an absentee landlord in anticipation that he could cover his costs by becoming a hotelier to short term renters?

Steve decided that finding a few like-minded Paris lovers to share the costs made so much more sense, plus they could decorate the property to fit their tastes as it truly could be their home. Even better, there would be no need for a mortgage, and they could purchase a higher quality property. From this germ of an idea, he began to focus full time on development of this concept in Paris.

The first project was the apartment I saw in the 17th begun in June, 2006 with one bedroom in approximately 55 square meters (630 square feet). They named it "Villa Monceau" after the street it is located on.

The shares of the apartment sold out before renovation was even complete, despite virtually no marketing. Because the legal and accounting groundwork was properly done beforehand, the owners were quickly enjoying their own "pied-à-terre" without the worries of negative cash flow, and for a small fraction of what it would cost to own even a tiny studio in a mediocre part of Paris! Even better, their annual ownership cost is about 20% of what it would cost to rent a comparably furnished apartment in Paris -- so vacationing in the City of Light became even more affordable.

Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!

See the Paris Home Shares Fractional Ownership Offerings:

Le Jardin Saint-Paul SOLD OUT!!!

Chez La Tour

Le Petit Trésor

 

 

 

 

 

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French Property Shares!

Ginny Blackwell has had a love affair with France ever since she flew the coop at age 20 and spent a year in Paris studying at the Sorbonne. In 1981, she finished a Masters in International Business from AGSIM in Phoenix, Arizona. After settling in Portland, Oregon, she helped launch Blackwell Capital Management, which created a proprietary money management system focused on the growth equity market. When an opportunity arose in 1998 to shop for a property in the Dordogne, Ginny jumped at it and was the first to use a US limited liability company as a vehicle for shared ownership in France. Owner of French Property Shares, she offers deeded fractional ownership properties to an international clientele who love having a unique home base in Europe, but prefer to share the expenses among six or more like-minded people. Three new properties are envisioned for 2008 and FPS also plans to feature their first Italian home share- www.frenchpropertyshares.com. Our job is to find the ideal property at an affordable price, to handle the multiple requirements for foreign ownership, and to provide you with a turn-key property to use and enjoy. When not at one of her home shares in the Dordogne or in the Languedoc, Ginny lives with her husband, Dale, and their three bilingual sons in an historic house in Canandaigua New York, quite a change from their farm in Oregon! As her husband, Dale, says, "We are closer to France now!"  

French Property Shares Offerings:

Maison Bleue in Languedoc-Roussillon

 

 

 

 

 

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Château Living France!

A Luxury Château Estate Offering
Paris, Golf & Wellness...

1/8th Fractional in Château Villa
Résidence "Belle Vue du Château"
at Le Château de la Trousse

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