Lake Garda: An Investment Haven For Worldwide Home Buyers
The shoreline of the island dotted lake is shared among three provinces, Trentino in the north, Brescia along the south and west, and Verona in the south-east, and the entire lake region has been spared from much of the economic turmoil that has depressed real estate values in the remainder of the country.
Wealthy tourists and vacationers have frequented the shores and islands of Lake Garda for more than 2,000 years, but it was the post-WWII era that catalyzed the mushrooming development of the region's modern tourism and entertainment industry. Hotels, restaurants, wineries and boutique fashion shops have sprung up around the lake, as well as theme parks like Gardaland. Ferries whisk visitors from island-to-island and to ports of call around the lake. Rich cultural offerings have proven to be a magnet for well-heeled travelers and residents alike, and homes for sale in Lake Garda represent a broad range of architecture, as non-Italians bring some of their home customs along with them.
Property for sale in Lake Garda, particularly on the east side of the lake, has been insulated from outside pressures for a number of reasons. First, naturally, is the location itself, with its splendid marriage of land and water, picturesque villages and gentle climate. The ancient poet, Catullus, who was born in Verona, and whose family had a villa on the lake at Sirmio, waxed eloquently on the "beneficial" lake, with its mineral spas and beautiful towns.
Also, the nature of the property owners themselves is a major factor in real estate price stability. Well-to-do second-home owners, especially those who have arrived from abroad, have not been negatively impacted by plummeting values in the rest of Italy. Older money, less speculative in nature, has kept things on a more even keel in Lake Garda, The property listings on Gate-Away.com, the real estate portal that is expressly geared to foreign investment, will attest to the resilience of the local market.
So, what this says to foreign investors is that Lake Garda is a safe haven in which to invest. Money spent here is money well-spent when home buyers are looking for a solid destination, a place to call "home", and not just somewhere to "flip" properties for quick profits. Although Lake Garda might not be the best place to hunt for "cheap" real estate, even here there has been some stagnation in the market, to the point where property sellers are more open to price negotiation than they have been in the past few years. There may not be a better time than the present for non-Italians to buy their dream home or apartment on the lake. Turn to Gate-Away.com for complete property listings and pertinent home buying information.
Wealthy tourists and vacationers have frequented the shores and islands of Lake Garda for more than 2,000 years, but it was the post-WWII era that catalyzed the mushrooming development of the region's modern tourism and entertainment industry. Hotels, restaurants, wineries and boutique fashion shops have sprung up around the lake, as well as theme parks like Gardaland. Ferries whisk visitors from island-to-island and to ports of call around the lake. Rich cultural offerings have proven to be a magnet for well-heeled travelers and residents alike, and homes for sale in Lake Garda represent a broad range of architecture, as non-Italians bring some of their home customs along with them.
Property for sale in Lake Garda, particularly on the east side of the lake, has been insulated from outside pressures for a number of reasons. First, naturally, is the location itself, with its splendid marriage of land and water, picturesque villages and gentle climate. The ancient poet, Catullus, who was born in Verona, and whose family had a villa on the lake at Sirmio, waxed eloquently on the "beneficial" lake, with its mineral spas and beautiful towns.
Also, the nature of the property owners themselves is a major factor in real estate price stability. Well-to-do second-home owners, especially those who have arrived from abroad, have not been negatively impacted by plummeting values in the rest of Italy. Older money, less speculative in nature, has kept things on a more even keel in Lake Garda, The property listings on Gate-Away.com, the real estate portal that is expressly geared to foreign investment, will attest to the resilience of the local market.
So, what this says to foreign investors is that Lake Garda is a safe haven in which to invest. Money spent here is money well-spent when home buyers are looking for a solid destination, a place to call "home", and not just somewhere to "flip" properties for quick profits. Although Lake Garda might not be the best place to hunt for "cheap" real estate, even here there has been some stagnation in the market, to the point where property sellers are more open to price negotiation than they have been in the past few years. There may not be a better time than the present for non-Italians to buy their dream home or apartment on the lake. Turn to Gate-Away.com for complete property listings and pertinent home buying information.
Source...