In 2013, experts of All European Real Estate portal ee24.com have recorded a significant growth in property prices in Venice and Liguria. The latter one is popular due to its climate and beaches, but why Venice is still in demand? In this article we present some arguments in favour of the City of Water and tell you about prices for houses and apartments in Venice.
Even despite the growth, real estate prices in Venice are quite favorable for Russians. Italians haven't got over the crisis, so the domestic demand is quite weak. The crisis, of course, affects not only Italians. Buyers who are interested in Venice, don't look for luxury housing only, but also for more modest apartments. Although, by and large, Venice has always been very popular, because it's really unusual place.
The historical centre
Everybody has heard that Venice is a City of Water, but only a few really get it. Venice has no streets, there are only embankments. There are no cars and motorcycles, but there are boats and only boats. Factories' chimneys do not spoil the landscape. The whole city is a piece of art.
Venice is divided into two parts by the Grand Canal. One part is the historical and cultural centre of the city, another part is CBD. Smaller canals flow into the Grand Canal, and the number of bridges is amounted up to four hundred.
The most famous bridge is Rialto across the Grand Canal. An apartment in Venice with views of this bridge costs about €3-3.5 million. Of course, it is a huge amount even for a city like Venice, but we talk about renovated apartment of 400 sq.m in XV century building.
Rialto Bridge
If you want something newer, the four-room apartment, in a house that is two centuries younger, will cost you only €1.3 million. However, instead of 400 meters, you'll get only 180, but the view from windows will remain the same exciting.
Large apartment in the fashionable areas
Venice, despite its fairytale look, is a large city . Here you can live in the centre and not suffer from millions of tourists.
Buying an apartment in a new residential development in Venice, near the Lido de Jesolo, will require approximately €450-600 thousand. The buildings is in walking distance to the beach. The apartment in the area of Castello (the one that borders San Marco) would also be a great option if you want to live in the centre of City of Bridges, but you don't have three million for Renaissance villa.
Note that there are swimming pools, parks crash and other leisure facilities in many residential developments.
For plain living
Buying an apartment in Venice can be inexpensive. Flats may even go for €80 thousand, depending on the area and building condition. Owners ask for €80-90 thousand for small apartments in suburbs of Venice. Distance from the center is offset by the proximity of the Adriatic Sea and by the ability of quick access to neighboring Austria and Slovenia.
In Venice itself, you may purchase a property for €150-250 thousand, in areas inhabited by native Venetians. There is no tourist bustle, prices are much lower and the beaches are as clean, and streets are as cozy as in the centre.
For investments
If you have decide to stay in Italy for a long time, the best way would be to buy a ready-made business. In the current post-crisis times the price of such proposals has significantly fallen down, so the end of 2013 or the beginning of the next can be very successful time for the purchase.
The whole business of Venice in any way associated with tourism. The most direct and safe way is buying a hotel. For €50-70 million you'll find a stable source of income. Now many travelers prefer to stay in hostels, but hotels in Venice will always be popular. Just think how many people in love dream of their wedding in Venice!
Few people know that there are a lot of vineyards in the vicinity of Venice. Becoming the owner of one of them, you get a lot of advantages. You will become not just a resident of Venice, but also the winemaker. This situation will sharply differentiate you from the large number of Russians, Germans and Scandinavians who want to become old in a serene harbor. Basically, they want to buy a villa in Venice or a house with a swimming pool in its suburbs. Both options allow them to relax and enjoy life .
But if you're ready for something more than lying in a deck chair, then the wine industry is for you. When you go a long way from the tree to the first glass of Pinot Gridgio on your desk, you will understand what the real creation process is. Gradually, your collection will continue to grow, you'll become involved in the great mystery of the production of really good and natural product. But be careful! This advise can make you a bit Italian! While may be it's not that bad.
Text: George Nachkepiya, for ee24.com