Private mansion, vintage cars: six great deals for your money

Written Sep 2 2022, at 06.02

Private mansion in the Cotentin

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Formerly nicknamed the “Norman Versailles”, Valognes has around forty private mansions from the 18th century.e century. During the reign of Louis XIV, this commune in the Cotentin qualified as a royal city. Partly classified as historical monuments, the Hôtel Dorléans, currently for sale, reflects the golden age of this era. Located in the city center, this sober and elegant structure overlooks a paved courtyard. With an area of ​​350 m2, this 1725 house has ten rooms, including generous reception areas, tall windows and paneled walls. A spiral staircase with wide stone steps and adorned with beautiful ironwork leads to the upper floors. At the back of the building is a 500 m garden2 drawn by line. It is accessed via two external reverse staircases. Patrice Besse offers this property for 944,510 euros.

Outsmart the scammers

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Here is a useful and practical guide to prevent scams and scams on the Internet or via SMS. Published in mid-summer by the Task Force (name denoting an association of government services: AMF, DGCCRF, DGFIP, etc.), this publication remains relevant in this new school year in light of the continuous flow of dishonest proposals. This “guide to the prevention of fraud and fraud” is available on the website économie.gouv.fr and is in the form of sixteen sheets. Its aim: to help the consumer avoid the pitfalls of fraudulent proposals and in particular offers of fake financial investments, loans and fake insurance. This document advises to be wary of phone calls and emails that hang easily, quickly and risk-free. Here, vigilance is still required with two basic checks: whether the company’s name appears on the black lists published by the websites of the official authorities (AMF, Assurance Banque Epargne Info Service); find out from the Regafi and Oria websites whether this player is indeed authorized to market its products in France. These upstream checks will avoid very unpleasant surprises.

Izihome, a “pro” as a tenant

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The pitfalls of renting are well known to owners: constant parade of tenants, risk of vacant tenancies and unpaid bills. To avoid this recurring headache and secure rental income, they have recently been able to use Izihome’s services. Like the operators of serviced homes, this start-up commits to becoming the sole tenant of your furnished property for a period of thirty-six months with, as a bonus, a fixed and final rental amount. It promises no payment defaults, a guarantee against damage and no worries about rent administration.

“This service is for those who do not want to manage their rental property themselves”, says Florent Xuereb, co-founder of this site. This offer seems more attractive than using the services of a traditional real estate agency, which does not guarantee rent or continuous occupancy. Yet this commitment comes at a cost: the owner must agree to reduce his rent by 15 to 18% relative to the market rate. In turn, this young shot is responsible for “filling” these properties (currently 100 in the portfolio) by attracting mobile workers looking for cozy places in the city. It is remunerated by renting at the market price and charging the tenants administrative fees (from 13 to 15 euros per square meter) plus à la carte services. Already active in Nice, Lille, Bordeaux, Lyon, Marseille and Nantes, Izihome has just expanded its activity to the Paris region.

Return on hotel investment

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The summer that is ending has marked the return to normal for tourism in France with the great return of foreigners and occupancy levels similar to those before the health crisis. 2022 thus promises to be a good year for hotel owners. “After the turbulence related to the health crisis and the closure of borders, this sector is enjoying good visibility. France remains a popular holiday destination internationally. The prospect of the Rugby World Cup in 2023 and the Olympics in 2024 should also boost this activity.”emphasizes Hervé de Roquefeuil, commercial director of 123 IM.

Because of its conviction, this asset management company continues to invest in independent companies whose operators need funds to upgrade their accommodation. Very recently, 123 IM invested in a four-star hotel complex in Cap Ferret. “Despite the shutdown of tourism during the health crisis, there was no break in terms of the values ​​of hotel assets. There are also opportunities today”, says this expert. Following this thematic direction, which also includes campsites, this asset management company expects a return on its fund of 7 to 9% per year.

This Iso Rivolta IR 300 from 1966, in original condition, is estimated at between 45,000 and 50,000 euros.DR

Two Iso Rivolta included

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Iso Rivolta, the famous Italian car brand, is celebrating its 60th anniversary this month. Although production stopped in the mid-1970s, the old models with aesthetic shapes are still popular among lovers of speed and beautiful bodywork. To celebrate the anniversary of this family business, enthusiasts will flock with their Iso, on September 17 and 18, to Bresso in Italy, where the former factory has been turned into a museum. To mark this event in its own way and on the sidelines of the 48 hours of the car, Ivoire Troyes is organizing on September 11 at the Château de Menois a sale of around twenty vintage and collector cars, the stars of which will be two Iso Rivolta . The first is a 1966 IR 300 model that remained in a barn for forty-two years. Offered in original condition, this car with 11,400 kilometers on the clock has only had two owners. Estimated between 45,000 and 50,000 euros, it requires complete restoration. The second flagship lot is an Iso Fidia from 1967, valued at between 20,000 and 30,000 euros. This car was produced in 192 copies and belonged to Cyril de Rouvre, former boss of the Formula 1 team Guy Ligier. In the sixties, this Italian brand was appreciated for its fast models with high-end finishes. During the boom years, celebrities (Alain Delon, Michèle Morgan, Johnny Hallyday, Aga Khan, John Lennon, etc.) in search of the “dolce vita” loved his luxury cars. “Copies are limited and demand is high. As a result, prices are rising. Between 2005 and 2020, the valuation of the Iso GT went from 20,000 to 140,000 euros. This corresponds to a 35% appreciation per year”, says Michel Floirat, expert in these cars. During this sale, other collector models will also be sold: a Mercedes 230 SL, a BMW 1800 Neue Klasse, a Fiat 2300 S, a Ford Mustang Mach 1, Citroën BX and a Land Rover Series III.

Posting: the right reflex

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Those who are about to leave France and become non-residents for tax purposes should consider their real estate assets. For the record, any property held in France remains subject to the IFI. If retained, the future former main residence will no longer benefit from the famous 30% reduction. In order not to increase this taxation and not to change the weight of real estate in inheritance, “It would be better for this property to be sold by its owner before it even leaves France. After that, the latter will buy his primary home in his new country of residence.advises Bertrand Merveille, Deputy Managing Director of Private Management at La Financière de l’Echiquier.

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