Many buyers in Italy will have bypassed the canal city of Venice as a possible destination for their overseas property, deeming it too expensive from the outset. The city on the water in the north east of the country is renowned for a lack of available property, and for astronomical prices asked for the real estate that is available. In many ways, property in Venice is on a par with London, Paris and New York is terms of the premium it attracts for sellers.
However, there are rare occasions when properties in these super-prime destinations become available within the reach of the mere mortal, and you can grab a piece of prime real estate in one of the world's top locations for a 'normal' price. Particularly in the current climate, buyers are feeling themselves drawn into what is known as a 'flight to quality'. As economic pressures mount across the globe, buyers feel they can get just as good deals on property in major cities as they can in emerging markets, with equal potential for growth at the end of the current slump.
Venice has attracted headlines across the world in the past month with the opening of the first new bridge in the city for more than 70 year. The Constitution Bridge is a glass and steel span of 94 metres crossing the Grand Canal connecting the railway station with the Piazzale Roma, and is set to attract yet more tourists to the lagoon city.
Finding a well-priced family pied-a-terre in Venice is nigh-on impossible these days, but Italian specialists such as Casa Travella have a three bedroom, two bathroom apartment on offer in the city that should tempt many a buyer looking for the culture and history of Venice.
For more information on buying property in Venice, plus free buying guides, fact sheets and podcasts about property in Italy at http://www.buyassociation.co.uk/
This and info on many other overseas property markets is available at http://www.buyassociation.co.uk
