Venice property: a new haven for overseas property investment - Telegraph

Venice property: a new haven for overseas property investment - Telegraph

In a troubled world, we gain solace from spiritual uplift and physical beauty. Few places have the ability to touch the heart and move minds like Venice. For decades it has been a place to visit rather than one in which to buy property, but gradually things are changing. British estate agents have developed connections there, and some big money is about to arrive. “Ocean’s nursling”, as Shelley described it, is becoming a connoisseur’s place to purchase.

“British buyers have taken flight to quality during the recession,” says Claire Hazle , of Knight Frank’s international desk. “They will now only look in tried and tested places they know and love. They have moved away from the emerging markets of Eastern Europe which they were interested in a few years ago.”