Second homes: Venice the best real estate market in the world

This was confirmed by a “Compare the Market” survey. Venice leads the ranking for attractiveness, services, cultural activities and safety.

Venice is the most sought-after city in the world in which to buy a second home. This is confirmed by the annual survey "The top 10 places to purchase a second home around the world" conducted by the company Compare the Market, which places the lagoon city at the top of a ranking that sees Paphos (Cyprus) in second place and third Abu Dhabi (United Arab Emirates). Also in the top ten are Dubai (fourth), three Spanish cities (Las Palmas, Santa Cruz and Marbella), Corfu (Greece), Funchal (Portugal) and Larnaca (Cyprus).


The factors that determine the ranking are many: from attractions to cultural activities, from services to safety, up to the climate (average annual temperature, rainy days) and the average cost of living (average price of a house included). The pandemic has also led to the emergence of new criteria, such as the presence of open spaces in which to spend free time. For many of these criteria, Venice has an excellent position. Let's see which ones.

This is why Venice is the ideal city to buy a second home

It is well known that Venice is one of the most fascinating cities in the world. Centuries and centuries of history, literature and poetry are an almost unparalleled heritage, which can be breathed in every street and canal. To be the ideal city to buy a second home, however, many other factors are needed. The tourist attractions (churches, squares, palaces and museums) that enrich the city and the more than one hundred islands of the Lagoon place it at the top of the ranking drawn up by Compare the Market, on a par with the number of restaurants and cultural activities. The safety index is also very good, while the average monthly cost of living - calculated for a typical family of four - is equal to 3151 euros: higher than Dubai (2725 euros) or Funchal (1993 euros), but lower than New York (€ 4254) and London (€ 3594).

All numbers that outline Venice as the ideal city for investing in the real estate market, perhaps for a second luxury home. A choice reinforced by the so-called smart working effect (being able to work remotely today, what could be better than living in an extraordinary city like Venice?) And by the beauty of its sumptuous buildings, full of large terraces and abundant sizes, perfect for living a daydream.

Are you looking for a property in Venice? Look for inspiration in this gallery among the real estate proposals of the Engel & Völkers agency.