Real Estate Opportunities in the World’s Most Romantic City
April 21, 2011 by David
Venice in Italy is one of the world’s most enchanting cities thanks to the almost fairytale allure of landmarks such as St Mark’s Basilica and Square, the Palazzo Ducale, the Grand Canal and the Bridge of Sighs.
This is understandably one of the most desirable places in which to own a property in Italy. Yet with prices of apartments in St Mark’s Square, for instance, routinely changing hands for US$9.75million, many investors have shied away from buying real estate in Venice. As have many locals, in truth, and since the 1950s the city’s population has shrunk by two-thirds to its present 60,000.
Yet there are highly affordable and profitable investment opportunities to be snapped up here – if you look in the right parts of the city. One such area is Dorsoduro, one of Venice’s six sestieri (districts) and a short vaporetto boat ride from St Mark’s Square. Here, just US$360,000 can buy a small, well-appointed apartment. Dorsoduro lacks nothing in upmarket chic as it is home to the Accademia art gallery, the Peggy Guggenheim Museum and a recently opened Punta della Dogana Museum, a major collection of contemporary art on the site of an old 17th century customs house.
Yet it is also a lively, vibrant area – the Ca’ Foscari University is here – and after dark Dorsoduro’s bars and cafés form the centre of Venice’s nightlife. To get more bang for your investment buck, head for the even more affordable Castello, Venice’s largest district, which lies just to the east of St Mark’s Square but is slightly off the well-trodden tourist trail. Here, expect to pay around US$415,000 for a two-bedroom apartment of around 75-80sq m.
The rental yield of property in Venice remains huge. Some 20 million visitors a year beat a path to the city, for its historic architectural splendour as well as popular events such as the carnival in February/March; the Biennale arts festival in summer and autumn; and the Venice Film Festival in August/September. It means there is demand for rental properties almost all year round. In high season, a one-bedroom apartment can fetch from US$1,700 a week, a two-bedroom property around US$2,600 and the most prestigious properties US$8,000-plus.
Alternatively, look farther afield to the outlying isles among the 118 that make up the Venetian archipelago. In Burano, six miles outside the city centre, US$625,000 can secure a house rather than just an apartment. The nearby islands of Tellestrina Chioggia and Torcello are also worth a look. Bear in mind that rental yield will fall the further away from the centre of Venice in which you are.
Another popular option is to look beyond Venice and to the historic towns and cities within the Veneto region, some 45 minutes away by train. They include Verona, one of Veneto’s principal tourist and cultural destinations; Vicenza, a Unesco World Heritage Site; Padova, a lively, attractive and historic university city; and Treviso, renowned for its wine and cuisine. In Treviso and Vicenza, expect to pay around US$350,000 for a two-bedroom town centre apartment.
Padova is possibly the priciest of these towns and an 80sq m two-bedroom apartment will frequently come with a price tag of around US$550,000. Obviously the price falls considerably if you are prepared to take on a restoration project. Explore the surrounding countryside, where in places such as the spa resort of Abano Terme US$350,000 can stretch to a spacious three-bedroom home.
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AUTHOR BIO
Adriana Giglioli works for Homes and Villas Abroad.com, which showcases 2,500 properties for sale in Italy. Her specialist area is property in Calabria.
Popularity: 47% [?]
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hi,
wow! your post sounds too good to be true! who wouldn’t want to grab this investment or personal use opportunity? i mean, this is italy!
I agree with you I would love to own property there, maybe one day I will!
Italy has such a romantic draw to it. The history, the culture, the architecture…who wouldn’t want to own a little piece of it.
Venice is great, but I’ve always dreamt of owning a villa in Tuscany.
Venice is a dream..But I’m not ready to pay above $400 000 a two-bedroom.
Very good opportunities now in Romania .Huge apartment need
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Italy is really a wonderful place to live..
especially in Veneto region..
But the rates seems to be too high and obviously a great place for real estate..
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Venice really deserves the title “world’s most romantic city”,i think that investors should focus on the rental yield of property in Venice because Venice attracts round about 20 million visitors every year,a good reason in invest in real estate here.
It sounds absolutely wonderful. I just finshed a book about Marco Polo’s life and in it of course were descriptions of Venice 1n the 1200′s. It sounded interesting then – it wounds interesting now.
I don’t imagine that my wife and I would ever invest there but we certainly plan to travel there – perhaps a vacation rental?
hi
italy is a great place to invest .But now a days people are also moving to dubai
Italy is the romantic place in the world because of its places that was nice to visit. But owning a property in that country will be expensive but in return the profit was good.
Hi, I am one of the owners of the Philadelphia Real Estate Blog. I was wondering if you think that the real estate market will turn around by 2010. Stop by and let me and my readers know. Thanks.
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Italy is awsome place to invest, and so is Costa Rica there are some realy great real estate bargains to be had right now allo over this tropical paradise
it’s a nice article on the topic of Real Estate,
Italy is romantic country so people make invest in property,
also Florida is nice city, people like to invest in Fort Lauderdale real estate in Florida.
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Ok. First off. Anytime there’s hype about some great escape that you should be investing – it is already too late for you.
Just like when you find out about a sale on a dvd players at wal-mart (for you cheap guys). By the time you get there, they are all gone.
It is nice to hear about great exotic and wonderful places to invest, true. It is also true that these places that are highly desirable to BUY are also HIGHLY desirable to SELL.
The buyers pay for the great location and all the sweet publicity and news about their lil’ hide-away and the sellers are happy as a lark that there is some sucker that read that article.
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Interesting article. Where is the best place to get tickets?
Venice is a great place for a real estate business. Many couples want to live there and have a romantic life. Real estate business is really amazing..
-David
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Wow I might want to look into that area a little further. Thanks for the info!
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Venice is an amazing city!!! The city is so unique, with all of the water canals and architecture. It is defiantly one of the most romantic cities in the world.
Paris and San Diego are also romantic cities! Especially the beach in San Deigo, it’s once in a life time experience
When it comes to romancity, i would highly recommend Prag after Venice… The old and peaceful city, that charms.
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To have a property in such a romantic part of the world is a dream. Thanks for providing useful info to make that dream a bit closer to reality
Venice is such a great place. In all the nooks there’s bound to be a deal on real estate.
How I like to stay in Venice, but I think before you can do that you will need big money.
Scott@Financially Free Landlord
I would love to live in Italy! it would be a very wise investment but only for those who are willing to spend a lot.
I agree, Venice is wonderful and romantic. However there are endless places in Italy that can be described like that. Florence is amazing, not to mention Tuscany and if you love the water what about the Amalfi Coast? I would love to own a place in any of these locations and would use it to swap with others around the world. Brewer Caldwell
Venice in Italy is one of the world’s most enchanting cities?
New york, Miami, Paris, Madrid and Barcelona for me are the most enchanting cities, but this is a great post about Venice
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I’ll have to look into this…what about the economy in Italy? Is tourism enough to keep it going.
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Venice is much better than Rome only went to Venice as a day trip but didn’t want to leave and go back to Rome (dirty place) water didn’t bother me as it smells as sea and canel water should. dont take a map as getting lost in the alleys was the funnest part will defoo go back.
Italy is really a romantic place. however, as i know about Venice, this place going to get more and more in flood. Do you think that it will be fine for us to settle in that place?
One of these days I’ll get to visit and check it out!
Thanks for the information. Investing abroad is something that should be a part of a well diverse portfolio.
interesting article and I will do some research to learn more – keepp the good work
Mike
Wow, great article. I never imagined that there was so much opportunity for rental income in Venice. It certainly looks like a place worth doing some research into. I’ve never visited the city but looking on a tourist information site it seems there is so much in the area to atract tourists besides the canals and the main square.
Interesting article. Rental income in Venice? That’s great.
Venice is number one of my home dream.
Your articles are brilliant and informative, thanks a ton.
This article is good though the market uncertainty has made it difficult for the investors to concentrate even on the main attractive markets.
Italy is nice, but given the economic downturn only Bill Gates could afford some of the properties. I think it would benefit the citizens in the US to focus on stimulating the American economy before spending millions offshore.
Italy is truly one of the most romantic cities in the world. We have recently sold a Yacht for over 20 million near Italy. We also have a lot of luxury villas for sale in Italy. You can also visit our blog at http://www.evcaliforniablog.com .
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I would advise you Milano for an ideal living in Italy.
I will go to Venice this summer, It always attracts lovers
)
Interesting thanks for the info. I didn’t know that much about the market in Venice
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This is a great idea. Especially if the US Dollar tumbles further, it would be nice to have some Real Estate in Italy.
Interesting article – thanks for sharing.
Wow. You are really an amazing writer and I agree with your assumption that Venice is definitely a hub for investors. In addition, it’s a historical city as you mentioned so tourist stop by often here and there are also so many other cultural events that make Venice heaven for property investors.
Intersting article. There are good real estate opportunities also on Lake Garda with beautiful lake view…
Venice and Italy are great.. beside there are also good opportunities in Turkey
How is the real estate market in Venice, and Italy in general? After doing a “junior year abroad” many years ago, I’ve always thought it would be wonderful to go back for extended periods. Venice is certainly a jewell! But are home prices there soft or falling, as they have been in the US with our great recession, or has this area been somewhat immune from the economic impact of the housing fallout?
Hi,
Venice is the great city in the word because the Venice environment is very light and cold.You property price is very cheap and affordable.I have always thought it would be wonderful to go back for extended periods.Italy real estate agencies is very useful like Indian Real Estate Agents because the Indian Real Estate Agents also use and affordable.India is the very largest country in real estate market.Most historical place in India.That reason is Indian Real Estate Agents refer to our real estate agent.There are highly affordable and profitable investment opportunities.
I like this post and thanks for given some information with us.
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Venice is a unique city with romance, culture, history and is a good place for real estate. To escape the floods, Venice has started building a system of mobile barriers, which will bear the name “Moses”, for flow control of the Adriatic sea. It will be ready, probably in 2012.
sure, but what about the folks with billions? surely you have a small space we can carve our little niche in?
I may look at some of the things for sale before I go over in sept.
I love it there.
I have friends in Rome, but I would love to get up to Venice. Don’t know that I could buy for that price though
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Venice Italy can sure be an expensive place to live, I would prefer to live elsewhere however and just visit every year or two.
Good post..
By the way you have a really nice real estate blog theme, I would love to hear you post more often however being that your latest post is from 2009. Anyway $415,000 for a two bedroom house is a lot of money in my opinion maybe it would be better to live somewhere else less pricey.
I could not agree more, I would personally very much enjoy owning a home in Venice Italy. Very nice place to live according to what people I know have told me. The price is most likely out of my price range unfortunately. Thanks for the post anyway though.
As far as i know Venice is a great investment opportunity. However i would like to recommend Milan and other more economic oriented cities. However they are expanding a bit so this means that real estate prices will be rocketing pretty soon.
Interesting
Italy is very nice place to live according to what people I know have told me. Real estate prices will be rise soon in Italy so this is best time to invest.
interesting what would be the return in few years
sounds like a good opportunity
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Thank you! It opened my eyes to the fact that there are still some opportunities in exciting locations I hadn’t considered.
To buy a house or a condo in Venice 2 bedrooms $400,000 sounds like a good real estate opportunitie since Venice is real spensive.
interesting article
Hey I just came back from their we stayed at a friends condo and could everything. Very romantic…
I think Venice is much better yhan Rome because last year I went to Rome and as i saw this town is beautiful but also very dirty. on the other hand venice is most romantic place ever in the world. venice is like heaven for real estate company.
Yeah! I think Venice is one of the most beautiful city in the world. And also Italy very Romantic country. I hope I’ll have a chance to do business there.
i would like to recommend Milan and other more economic oriented cities
It has always been the most popular place in the Italy because of its visitor friendly policies. There are many investment opportunities available to people. In the past 2 years others have also noticed the profitability from Real Estate development and they are also beginning to contribute to the growth of the region.
I would love to live to the world’s most romantic city! That’s what I’ve been dreaming of. This place seem to be a perfect place to raise a family.
Maybe it is the most romantic city, but is it really worth to invest over there? The city is drowning…
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Really Great information thanks for sharing this, please keep up the sharing of your informative post.
Thanks,
Corwin
More city have a romantic place all couple wants to live. Most popular place in Australia and have a good real state.
Anyone would just love to purchase a house in such a beautiful place. Thank you for providing us with this information. We will be looking forward for more of such kind to come.
Love Italy! Went there on my honeymoon and have fond memories
I think Italy is considered romantic cause everyone drinks alcohol when they eat
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The investment potential here is also wonderful. Contact me if you are going to visit the area. I will be happy to show you around!
I would like to recommend the South of France as a great location to live.
Hi
Great information in this post and I think the nearby islands of Tellestrina Chioggia and Torcello are also worth a look. Bear in mind that rental yield will fall the further away from the centre of Venice in which you are.
I went to Italy and I visited many cities there but I prefer Jerusalem.
it was Interesting article,
Good post,
There are many beautiful cities in Italy
Venice is beautiful. this is true. But Rome, Pisa, Bologna, Naples are all cities of great historical past, but also many countries or campaigns where you can enjoy relaxation as Tuscany. For all homes for sale in Italy you can visit GloboCase.com
I always wanted to visit Italy. I heard it was a beautiful place.
Italy is awsome place to invest, and so is Brazil there are some really great real estate bargains to be had right now. I wonder what the return on the investment will be in a few years?
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This is really a good opportunity to build up a good career in real estate at a perfect place.
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Hi there,
I had a great time in Venice, it is in fact super romantic! But when we were looking to buy our retirement home, we found that as much as we wanted to be away from everyone as a couple, we also wanted to be near family and wanted to have access to United State side services.
My husband and I found the perfect balance by moving to Baja, Mexico. South Rosarito to be precise, we found an ocean front Villa for under $400,000, and that was at the higher market, I am amazed to see the prices that properties like mine are selling for today. What we did is first rent through a qualified agent, in Baja the Realtors association is called AMPI which stands for Asociacion Mexicana de Profesionales Inmobiliarios (Mexican Association of Real Estate Professionals). My agent Mario Restrepo is excellent. He found for us a very reasonable rental property to be in for a month while we look at properties to buy. You may check out Mario Restrepo’s Real Estate for sale and rent in Baja Mexico here.
I also found my retirement home with Mario Restrepo, I found Mario after looking online for all my options, his website is bajaopenhouse.com and now he has a new website specific for the rentals, it is called bajarentalsmagazine.com, my property is advertised with him now as I travel half the time and rent it out.
Mario will help you find properties that are full ownership and with clear title.
I found a logical and comprehensive real estate investment solution with his agency, my dream was to travel and have property by the ocean, I travel quite a bit now as Baja Open House takes care of property managment and rentals while I’m gone.
Ron
Great post, Loved the blog keep up the great work.
Thanks for the beautiful and interesting post. We know Veneto region and we love it. We believe that a beautiful place to stay is Abano Terme a beautiful city Near Venice. We here have found a beautiful property but we can not buy
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We visited it and was fascinating!
i agree to this, venice is a wonderful and romantic place to live in.
great information! it helps a lot of people.
Very good post for Most Romantic City Property opportunities
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Venice would be absolutely amazing. We live in the Scottsdale area and sometimes make it to the Venetian in Vegas a few times a year. Lol. I can’t imagine what the real thing would be like.
Any chance you might update this post for current economic conditions in Venice? For instance, is the rental yield just as strong as it was? Thanks.
Venice are great I always dreamed to live there..
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Venice is on my list of places to visit! I think this city would be absolutely beautiful. I don’t think I could live there, just like many other cities around the world. Some are just better to visit than live. Great blog!
Cant wait to get over to that part of the world. Thanks for the great post!
Joe
Went to Venice last year. A trip that I will never forget for sure. Great country with great people!!!
Great ideas. Thanks for the info. If you want to see what we are doing with high cashflow rentals in Tampa, FL., check us out at http://www.ZMAinvestments.com . We are the number one source for wholesale properties in Tampa. Hope to hear from you soon!
Italy….hmmm..for this kind of money ?
I would move to more exotic places.
I agreee on Italy , specially Venice being a romantic destination too , but there more places you should discover such as ISTANBUL
Love, business , history all at the same time!
Hi guys. Indeed that Venice is one of the most romantic place on Earth and Italy’s ancient structures says it all. By the way, I found this link and I find it interesting. Anyone who’s interested, check it out at http://condominiums.net.ph. Thanks and may you have a pleasant day.
I would like to more exotic places.
Tom
Ravenshoe Real Estate
ravenshoerealestate.com.au
Great Blog! Thanks for posting
Truly enjoyed the post. Informative and useful
Your post will definitely lure the property lovers
. Venice is a place to enjoy and live and thanks for the post! I enjoyed the post entirely and wish you get the visitors quickly.
No Doubt Venice is very beautiful city.
this information was good.
Seattle Real Estate
Now I want to go to Venice and see it!
yah once of my favorite place Venice. thanks for this information Fairbanks Moving
This information was very nice.
This was a great blog and Venice is such a beautiful city. If you haven’t been you should put it on your list to go to next!
This article was very informative on the Italy culture. It gave great tips on buying a home in Italy. For more informative tips you should check out http://http://www.sbgproperty.com/
John Tester
Hi, This sounds great! A great investment indeed from one of the romantic city in the world. I hope I could get one. I would love to have a queensland property investment though. I was reading property investment blog when I saw this SelectInvestmentProperty site. I would say this is very useful and worth visiting. I was impressed on how they would give you financial freedom on your investment. A property investment Sydney is not that shabby at all. This may be as romantic as Venice but a great business center. I would love to own either one of this property in the future. Thank you for this post and keep it up!
Looks good I wish I had some money to put in. i was there 4 months ago.
i like dubai
It’s all just a matter of knowing where to look. However, if you really wanna settle in Venice’s famous places, then it’s really going to cost you big. Nothing big comes in small prices. But, unarguably, Venice is a romantic place.
well, i agree with what i read in my article and before this i have equally read something like thie. bravo to you and keep it up.
Nice post, would you review it also here: http://www.real-estate-focus.nl ?
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Never had it this good.
Always looking for investment articles . Thanks
Nice information is given. Now a real estate business is booming up well.I agree with you I would love to own property there!
Italy has such a romantic draw to it. The history, the culture, the architecture…who wouldn’t want to own a little piece of it.
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When i read the article i through that the article is about the investment in France but you are right Italy is also a fairly romantic place as France.
Nice Article and great Information Thanks for sharing.
Good thought
Another informative blog… Thank you for sharing it… Best of luck for further endeavor too.
I must really commend you for your well written post on real estate. The article encompasses all the details that one would look for in a real estate related article. Keep doing the good work because one would really love to read more from you.
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great article, keep it up…
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Nice article from you…Greats from Germany.
Opportunities are numerous in this industry, but you have to wise up. you won’t be scammed.
You are full of suprises, but everything require a little work…
This is a good common sense article. Very helpful to one who is just finding the resources about this part. It will certainly help educate me.
You can also get married in Miami !!! The Romance month is coming soon !
I am from San Francisco but now live in Florence Italy.
The breathtakingly beautiful city of Venice, which has a great variety of Venice property for sale, lies in the Veneto region of Italy, and is bordered by the superb mountain ranges of the Dolomites and Alps which offer a wide range of hiking and skiing. To the south lay the serene waters of the Adriatic, famous for its beaches and water pursuits. There is also much Venice property for sale to be found throughout the area.
Venice itself spans 117 islands and the world famous canals are still the most popular method of getting around the city, whether by romantic gondolas or the many water taxis and buses (vaporetti). The canals provide a romantic setting for the numerous bars and restaurants that line the streets of this cosmopolitan city, selling, as you would expect, fare from all around the world, as well as the local specialities of pasta and seafood.
It’s never a bad time to purchase a nice property (Depending on it’s use).
Brad Taylor
Director of Asset Management
SIFF Investment Services
http://www.siffinvestment.con
Yes i agree with you post,its really a good chance investing in a wonderful place…i would love to hear more on this from you..thank you
As i know, venice is a city of water. Buy a house there and you’ll got drown.
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Venice is amazing!
Gondolas and seranades. Oh the wonder of Venice, Wish we could all sell homes in a place like that.
This is an amazingly beautiful place to visit. These homes in Venice should be all over!
Certainly the world’s most adoring city is Venice. Marvellous piece of script. I thank Mr Author for sharing this golden information with the entire.
I never thought that buying a property in Venice, Italy could be that low.. At least now I can see an opportunity of buying a property in Venice.
nice taxes in Europe would kill my thoughts of any real estate investment there
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Venice would be an awesome place to own Real Estate! Or, if you love the romance and atmosphere Italy has to offer, why not create a theme in your own home after Venice!
“great articles on real estate opportunities, find the useful.”
This might be elaborated to the fullest but I’d rather stay this line as it is than to sound no less that convincing.
Italy is about to join some of the other nations across Europe in needing money from the EU in order to avoid going bankrupt. Probably not the best time to be looking into buying real estate there. I would recommend waiting another 1-2 years.
I write my short comment on this post to support your website. I really appreciate your article. the post has excellent tips which are useful. this post is good in regards of both knowledge as well as information.
This is an amazing article! Yes indeed, it does sound to good to be true but now days most things sound to good to be true!
I’m sure sellers and home buyers can benefit to this post!
Numbers of comments their self show how important is the post you have shared. What can I say is that keep it up. looking forward similar or more enthusiastic update from your end.
I go for the area where Ca’ Foscari University is near. You can never go wrong in a property with close vicinity from the universities.
Another informative blog� Thank you for sharing it� Best of luck for further endeavor too.
Being a real estate investor and having purchased in several different States in the U.S. I would love the opportunity and ability to invest in Italy! What an awesome place!
Dan Koch
The marketing medium you use and the message you accompany with it that hits the right target market turns sellers into motivated sellers. There simply is no generic marketing message and medium that is a �one-size-fits-all� approach in real estate.
My hope is for you to realize that marketing to the real estate investor is the lifeblood of his/her business. Great deals rarely come knock on your door to find you. They find you when you have a marketing system implemented that is like a funnel prescreening sellers for motivation and directs them to then contact you immediately.
Nice article.. hope can own a property too in Italy soon
Real estate marketing has become common and widely spread across the global scene
Informative one and decent Article about real estate.
Find it so much helpful and enjoy reading.
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Will be back soon to check to other articles.
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Is is amazing how much of a better deal it is to buy then to rent a home there.
Excellent one and researched Article.Exactly explain the right point.
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Thx for the article…i enjoyd reading
This blog is very interesting. I for one would LOVE to live in Italy. I am a REALTOR in Maryland and have a very informative real estate blog as well. Feel free to take a look at the loads of interesting blog posts I have at http://damicoland.com/blog/.
I loved this post. Thank you so much for this!
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Italy is a lovely country. My father has a beautiful house in Umbria and also rents out apartments within the house. Umbria is typically Italian and is a lot quiter than other regions such as Tuscany but maintains the same rustic beauty. Lovely article
Beautiful area!
He is looking to sell his house in Umbria in Italy if anyone know anyone who is interested. Here is the link http://www.domusnovaumbria.com/
David this is great! As an aside, would love to chat at some point about whether we can help send some visibility to your blog.
In any event, just wanted to mention a resource we’re building that may be interesting to those who are selling property in Italy and thinking about making the move to Manhattan (something we’ve seen over the past few years repeatedly). We’ve recently launched and are building a site which supplies useful info on New York real estate, such as records and homes for sale (http://www.blockhawk.com/nyc/borough/2-real-estate-manhattan) specifically for individuals and real estate professionals. Perhaps this could be useful to the various international real estate-minded folks reading your story and thinking about New York as a new destination!
Cheers.
I found a useful piece of info, glad i came across this article…
It would be very lovely if I have the capacity to invest in a real estate property in Venice, or in any country in Europe. Venice is a good place for tourist so you can always turn your house as a rental property.
Website:
Sugar Land Homes for Sale
A good way to buy is to visit free classified ads at classifiedsinn.net.We believe that a beautiful place to stay is Abano Terme a beautiful city Near Venice. We here have found a beautiful property but we can not buy http://www.classifiedsinn.net
We visited it and was fascinating!
best way buy is to visit free classified ads at classifiedsinn.net.We believe that a beautiful place to stay is Abano Terme a beautiful city Near Venice. We here have found a beautiful property but we can not buy http://www.classifiedsinn.net
We visited it and was fascinating!
Hi, I found your post really helpful but I was Searching for Residential and Commercial Property in Noida and i get the information about Buy, Sale and Rent Apartments, Flats and Plots in Noida from Apni Properties and on this property site have such a sufficient information about Real Estate Property in Delhi, NCR, and other metropolitan cities.
My family is from Calabria and I have always wondered how to go about finding a vacation property in Italy. This has been very helpful.
nice article you got there and a lot of comments. I didn’t bother the comments to read but the sure thing is your article. Venice really is a good place to invest.