Finding Property For Sale In Venice, Italy, That Wont Break The

Real-Estate Some 20 million visitors a year to Venice are proof that the allure of the most romantic city in the world never dims. Add to that heady mix St Mark’s Square and Basilica, the Doges Palace, the Bridge of Sighs, gondoliers singing O Sole Mio as they sail down the Grand Canal and its easy to see why. Many visitors who have fallen under Venices spell have considered buying property here but frequently baulk at the price at which that magic comes. Make no mistake, this is one of the most expensive cities in all Italy in which to look for a home. In St Marks Square, the most exclusive apartments routinely change hands for little change out of Euro 10million. Yet smart investors know it is possible to buy affordable real estate in Venice. For instance, just a short vaporetto ride away lies Dorsoduro, where one can find a well-appointed apartment for just Euro 250,000. Welcome to affordable Venice. Dorsoduro, the most southern of Venices six districts, is an up and coming area hugely popular with artists, writers and foreign investors. It is also home to the Ca’ Foscari University is here and perhaps no coincidence Dorsoduro has more late nightspots than anywhere else in the city. At its heart lies the Campo Santa Margherita by day a bustling daily marketplace, after dark the centre of Venice nightlife as it is taken over by lively bars and cafes. But Dorsoduro also oozes confident sophistication, especially at its eastern end, and it is home to the Peggy Guggenheim Museum and Accademia art gallery. If you fancy cosy apartment of around 40-50sq m, expect to pay around Euro 300,000. However, a complex of nearly 30 contemporary, renovated apartments near the Accademia came on the market last year with prices from just Euro 260,000 up to nearly Euro 1.5million. A short boat ride north lies the most in-demand part of Venice: between St Marks Square and Rialto Bridge on the Grand Canal. Here, prices of nearly Euro 16,000 per sq m over Euro 3million for a 200sq m property are the norm rather than the exception. Elsewhere in the San Marco district, prices typically average around Euro 8,000-9,500 per sq m. But if you can afford it, theres hardly ever a downside to investing in property in Venice. Firstly, theres the sheer magic of owning property here, enjoying daily wonderful boat rides past some of the most distinctive skylines on earth. Furthermore, given its enduring popularity with millions of visitors each year, rental returns on property here are superb 12 months of the year, and your investment begins to pay itself back in no time at all. Consider that at peak season a one-bedroom apartment can fetch up Euro 1,200 a week while the most exclusive apartments can go for more than five times that. There are superb links to the coast and ski resorts. Skiing in the Veneto region is centred on the Dolomite Mountains to the north, where there is snow for about half the year. Another key attraction is Lake Garda, the largest and most visited lake in Italy, half of which lies in Veneto. Increasingly, astute bargain-hunters are looking beyond Venice to the towns and cities in the wider Veneto region all within around 45 minutes by rail. They include Vicenza, a Unesco World Heritage Site; Verona, nestled along the banks of the Adige River; the university city of Padova, just 20 miles from Venice; and Treviso, an elegant medieval city noted for its wine and food. In Treviso and Vicenza, Euro 250,000 should buy a spacious two-bedroom city centre apartment. Padova is somewhat more expensive and expect an 80sq m two-bedroom property to cost in the region of Euro 400,000. About the Author: 相关的主题文章: