Verona lovers from the U.S. and Canada are increasing significantly, so much so that they decide not only to come here on vacation but even to buy homes. Perhaps attracted by the beauty on the banks of the Adige River, by visits to the Valpolicella wineries in the hinterland or in the Lessini mountains, several North Americans have begun to enter the Verona real estate market to buy homes, which tend to be luxury and to live in for the vacations. Certifying the approach of U.S. and Canadian visitors to yellow-blue real estate (the city’s institutional colors) is Fimaa (Italian Federation of business agents brokers). For some time now, foreigners, especially Germans and Austrians, have been taking up residence in the city, as well as on Lake Garda, but the overseas clientele is a novelty, which has become more pronounced in the post-Covid era after tourist flows have picked up. The preference goes to the historic center because this type of clientele likes to live within walking distance of the most well-known monuments. The choice generally falls on value proposals, which on average range from 500 thousand to one million euros, and on large spaces, over 150 square meters, to allocate to family or to keep as a use of capital. Sometimes to be earmarked for tourist rentals or short leases. Some examples in figures? In the historic center, a 175,000-euro one-bedroom apartment yields 4.6% gross annually because it can be rented at 670 euros per month. A return to real estate investment can also be seen in other areas near the “Ztl” – restricted traffic zone – such as Cittadella, San Zeno and Valverde. The latter is the area that performs best, next to Porta Nuova, in a position connecting downtown and the station. Here a one-bedroom apartment costs about 133,000 euros and can be rented for 600 euros a month, with a gross annual yield of 5.4 percent.
In operation the historic Prada-Costabella cable car on Monte Baldo. Operational also the rotating cabins of Malcesine.
May 9, 2023
June 1st, 2023, 20:50
- Rafting on the Adige River to visit the civic museums of VeronaWith rafts along the Adige to visit the civic museums of Verona. It is the new initiative of Civic Museums and Adige Rafting and Canoeing Club that will allow from June to descend the river to discover Verona and its three museums facing the Adige: Castelvecchio, Archaeological Museum and Museum of Natural History. Guides’ explanations in Italian, English, German and French.
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- Verona increasingly smart, since 2024 free Wi-Fi extended to the entire historic center. How do you connect?New Wi-Fi zones on their way to Verona’s historic centre. By January 1, 2024, people can surf for free throughout the city centre, including museums. […]
- The Via dei Sapori Dinner Show brings to the castle the Friulian food and wine excellence
- The Melon Festival in Erbè kicks off the summer with the Veronese summer fruit par excellence
- Christian Marchesini confirmed president of the Valpolicella wine consortium
- Rafting on the Adige River to visit the civic museums of Verona
- Verona increasingly smart, since 2024 free Wi-Fi extended to the entire historic center. How do you connect?
- The Via dei Sapori Dinner Show brings to the castle the Friulian food and wine excellenceFriulian food and wine get out from kitchens and cellars to become the star of a dinner show in Capriva del Friuli’s secular park: the […]