Summer 2019 real estate market at lake garda

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Summer 2019 real estate market at Lake Garda

According to some data collected by on-site real estate operators, the prices in the Garda hinterland are stable and there is also a contraction in sales times. Purchases of houses for income with short or seasonal rentals have grown. The demand is based on small cuts that are invested and then rented for € 500 a week. Throughout the hinterland the demand for second homes comes mainly from residents in Trentino-Alto Adige and Veneto.

Good presence of Germans and Austrians who prefer quieter areas. There is a shift towards the hinterland of those who had bought on the lake and are now looking for more relaxation and tranquility. The preferred locations for the holiday home are Cavaion Veronese and Costermano sul Garda, of which the lake view, the presence of golf courses, a pedestrian cycle track that winds through six new theme parks, as well as the main slipways are appreciated. placed nearby. A good used lake view property is valued around € 3500 per sqm.

The real estate market in Bardolino, Torri del Benaco and Garda indicates a resumption of transactions but at stable prices. The presence of potential German, Austrian and Upper Atesini buyers is always interesting, increasing in recent times. Foreign buyers often turn to independent or new construction solutions, in the advanced energy class, having budgets that reach over € 500,000.

Bardolino is the country that attracts most tourists thanks to the numerous initiatives, events and events. There are many requests for this town, where average prices of € 2,500 per square meter are recorded with peaks of € 4,000 per square meter, for refurbished solutions and facing the lake. Torri del Benaco is the town where most of it is being built and where foreign trades are concentrated. In the most panoramic part of Torri you can admire the lake and the new one costs on average 5000 € per square meter. The old town likes it for the tranquility and for the presence of prestigious buildings with peaks of 4000 € per square meter.

following restyling operations. Along the road to Albisano there are numerous prestigious buildings with swimming pools. For a solution used in good condition and with a lake view you spend € 4000 per sqm. To note that in Bardolino a new large luxury hotel will be built. The market is buoyant thanks to the increase in the number of investors buying to make income from tourist rentals. In recent years, the presence of tourists has increased considerably, in particular from Northern Europe.

Do not miss a slice of buyers of holiday homes, Italians and foreigners (Austrian, German and some Dutch). The latter are mainly looking for prestigious apartments with lake views, possibly with independent solutions. They have budgets that start at € 400 thousand. Italian buyers, on the other hand, remain on an expenditure band of less than € 250 thousand. The most popular places are Barum and Dosso where the restored lake view solutions are exchanged at an average of € 3,500 per square meter, while the independent ones available in Mata and Mondragon (hilly areas with lake views) start at a minimum of € 400 thousand to reach 700-800 thousand euros.

They like the buildings in the historic center, whose prices have fallen over time, attracting investors interested above all in tourist rentals, who are looking for old buildings at € 2500-3500 per square meter (if facing the lake). The number of requests for the Colà di Lazise area, which boasts the presence of a thermal park and where they are about to complete a 5-star hotel, is growing. Other new development areas are present in the Rocchetti area with average prices of € 3500 per sqm.

In the municipalities of Malcesine and Brenzone the most sought-after area is the one between the Gardesana and Monte Baldo roads because it almost always offers houses with a lake view. This type of solution has average values ​​of € 3000-4000 per square meter, while those without a lake view go down to € 2000–3000 per square meter. This whole area is appreciated for the possibility of practicing sports such as paragliding, kite surfing and wind surfing.

In the second part of 2018 and in the first months of 2019 the real estate market of Peschiera del Garda signals a good performance of the holiday home type, which mainly features Italian buyers from the province of Verona and from Trentino Alto Adige. There is a drop in demand from foreigners, however, offset by the increase in demand for the house to be made income, thanks to the growth of numerous tourist presences. The area is then taken by assault even during Vinitaly. For this purpose, small cuts are purchased, from studios to three-room apartments. The most requested types are those with outdoor space and positioned within a kilometer from the lake.

The lakefront is naturally the most requested area for the possibility of being able to find solutions facing the lake. In this case the prices can exceed 3000 € per sqm and touch, in the case of particularly prestigious and new buildings, peaks of 6000 € per sqm. In fact, several new construction projects have been carried out in Peschiera thanks to the Housing Plan, which expired in March 2019. The new Plan will not allow for more important recoveries of volumes as was possible in the past and has also reduced the incentives for the redevelopment of the old buildings. Behind the lakefront, in the cross streets, there are several interventions to demolish old buildings with subsequent reconstruction. The new one is exchanged at average prices of 4000-4500 € per square meter. In the historical center of Peschiera del Garda the commercial activities are concentrated above all, the requests for residential are less present since the buildings are lacking in garages and parking spaces.

Alessandro Pescio -

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