British buyers are found inclined to invest in the property in Venice. The spiritual uplift and physical beauty of the city is attracting a great number of people. A city like Venice, which was a place to visit, is now becoming a place for property investment. The British buyers are now focusing on Venice instead of the Eastern Europe.
Venice, a city, filled of so much of history and beauty has made itself almost unaffordable. A three bedroom apartment in the San Samuele with exposed beams, wooden floors and ample bookshelves, sort of old fashioned, costs £960,000 while a luxurious apartment, three-bed roomed, with a view of Campanile costs £1.2m.
A report from Nomisima, an Italian economic research institute rated Venice the most expensive city of Italy. One can’t even find a small apartment for under a million euro. To buy a property to restore is a choice that should be made carefully. Restoration is very expensive especially in comparison to other cities as one also has to bear the boat expenses. In the artistic and historical city of Venice one would find restrictions on the renewal of a property since the front view, plasterwork, balconies, archways and columns are protected. The change in the landscape is not tolerated.
An affordable property is likely to be found in the expanse of San Marco where there is found a little drop in prices of properties in tight squares and streets. One can rarely found good deals, Rialto Bridge one bedroomed attic apartment with a terrace, costs £373,000
The property investment in the city like Venice would be very profitable since this artistic city and the list of events brings people from all over the world, at different times of the year. Venice is a place suggested for buy-to-let especially because of some events like Biennale in June, Carnival in February, and Film Festival in September and in July the opera festival.