By the Engel & Völkers Team
When we dream of Venice, we imagine ourselves wandering through canals and criss-crossing between neighborhoods, enjoying the historic beauty and culture of the city. Unsurprisingly, so do many others across the globe.
According to Engel & Völkers’ latest Venice market report, the city’s residential property market is witnessing growing demand, especially near areas on the Grand Canal. This is met, however, with a limited availability of homes in the most desirable areas of the city.
“The majority of buyers are looking for a second home in Venice, or an investment property for short-term rental to tourists,” said Mauro Lozza, Managing Director of Engel & Völkers in Venice. Currently, international buyers account for…