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Who are the real estate buyers in Venice?

Let's take stock of the Venice real estate market after the pandemic, starting from the profiles of those looking for a home in the Lagoon




The city restarts after Covid. This is demonstrated by the numbers of tourists who have returned to crowd the streets and, from our point of view, the important recovery of the Venice real estate market. This confirmed what was predicted by our Market Report from last year.

Even in the midst of the pandemic, in fact, luxury properties in Venice have not suffered a collapse in value per square meter, a sign that this city continues to be an excellent investment even in the darkest moments. The real estate market, in fact, is based on some constants that we can analyze, starting from the type of real estate buyers in Venice. Let's see who they are and what they prefer.

 Venice
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REAL ESTATE BUYERS IN VENICE IN%


According to available data, at the end of 2019, 75% of buyers came from abroadIn the lead are France, Belgium and Luxembourg (25%), followed by Germany (20%) and Austria (15%) then Switzerland (10%) and the United States (10%). Reading these data is clear: most of the purchases are investments and are not residential. Only 25% of the sales, in fact, concerned properties for private use.


WHAT DO THOSE LOOKING FOR A HOME IN VENICE BUY?



The investments go in one main direction: the property for tourist use. In fact, the two most requested types were one-room and two-room apartments (+ 3.3%), ideal for a short rental and large apartments with sizes over 145 square meters (+ 4.5%) which are also well suited for use. hôtellerie or in any case as representative accommodation.

This last figure is well reflected in the situation of the Engel & Völkers Venice agency which, with its important endowment of luxury properties, has confirmed a strong growth trend for real estate brokerage in the period covering the first nine months of 2020 and the 2019, the year in which it made 15% of the total transactions carried out by the agencies of Venice island.

After the slowdown due to the blocking of movements due to the pandemic, international investors have started operating on the market again, following the trends already traced in recent months. Prestigious properties to be restored and homes equipped with all modern technologies are the most popular types. Something, however, the pandemic has changed, in the way of conceiving the city, the relationship between working life and free time and, consequently, the real estate market in Venice.

There is a desire for places of calm and silence, even in the center of the city, for outdoor spaces, terraces, roof terraces or courtyards.

The quarter of buyers who choose Venice to live there all year round are looking for these solutions. Reading the map of the city, based on the sales data, gives us some more information on the profile of the buyers.



THE MOST POPULAR AREAS BY HOUSE BUYERS



The houses for sale in Venice Dorsoduro are experiencing no crisis and the western area is experiencing impressive growth. The reason? It is a dynamic district that appeals to professionals who are looking for a studio or a space for smart working here, as well as students and university staff given the proximity to the facilities of Cà Foscari.


On the other hand, the houses for sale in Venezia Giudecca are popular because they are immersed in an area of ​​peace, silence, away from the great flows but in a prestigious artistic context. Real estate buyers in Venice who choose Giudecca aim for environments where they can work in maximum concentration, but there are also managers or stars looking for privacy.


And let's not forget West Castello, another area where sales are on the rise: marked by the Biennale and the Arsenale, it is the sestiere of those who work in the world of art and seek to experience the cultural side of the city to the fullest.

The Engel & Völkers Venice agency has an answer for each of these needs, with a unique proposal of luxury apartments in Venice. Discover with us the opportunities for an investment that has proven to be a safe berth even in the worst storms, such as those of the last two years.

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