The market for waterfront homes remains tight along the famous lake in Northern Italy, but deals can be found depending how close you get
By Ruth Bloomfield | Photographs by Francesco Lastrucci for The Wall Street Journalfirst visited Italy more than a decade ago and, like generations of travelers before her, fell head-over-heels in love., because it reminded her of her childhood spent close to Lake Minnetonka, Minn. With time on her hands during the pandemic, Branham, a real-estate agent based in Sarasota, Fla., began to research the Italian property market.
Unable to travel to Italy, she bought the property on the strength of photographs, videos and research on Google Earth. Happily, when she finally managed to visit, the apartment lived up to her expectations.Buyers who want to emulate Branham and actor George Clooney, Lake Como’s most famous resident, will first need to deal with a highly nuanced market where not all picturesque villages are equal, and homes cost double on the water.
. Many prime lots have been repurposed as hotels, restaurants or institutions, or been carved up into apartments. Those that survive as single-family homes are often kept within families for generations., said Yasemin Baysal, managing partner of Engel & Völkers Lake Como, because other investment options, such as the stock market, are currently seen as risky., making direct approaches to the owners of lakefront homes they like the look of and offering them premium prices to move out.
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