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Home»Exclusive news»Will it be difficult for a foreigner to buy a house in Venice?

Will it be difficult for a foreigner to buy a house in Venice?

May 6, 2019

Real estate in Venice is currently not the most popular even if you judge the cities of Italy, but nevertheless, the demand for it is felt even among our compatriots. Real estate prices grew quite confidently starting from the beginning of the 00s to 2008, when the financial and economic crisis occurred. But even now, despite the high cost of elite housing and low demand, foreign interest did not fall much.

The greatest demand among foreigners naturally is the apartments in city palaces or the so -called palazzo. There are about a hundred such houses in Venice and all of them were built in the 13th century. As noted, the most popular palazzo, which are made in the Gothic style. Foreigners are very fond of buying apartments in the center of Venice, where there is a wonderful view of the Grand channel, San Marko Square and the Rialto bridge. The price of a square meter cost can also vary very much. For example, if the total area of ​​apartments is about 90 square meters, then the price per square meter will range from 6 thousand. dollars up to 13 thousand. dollars per square meter. If the apartment opens from the windows of the apartment, then the cost will be automatically 10-20% more expensive. Such houses have traditionally bought the British, Americans and French in Venice. However, in connection with a change in the alignment of forces in foreign exchange markets today, Russians and Europeans dominate among buyers. A good point is that there are no restrictions on the purchase of real estate for foreigners. Notaries can make you a deal and the fee for their services will be about 1-2%. Brokers selling real estate take about 4-6% for their services.

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