Market Updates: spotlight on Verona, Lake Garda, Cortina and Venice

2024 marked a turning point for the Veneto real estate market. After a slowdown in 2023, the latest figures from OMI (Italian Real Estate Market Observatory) signs a gradual recovery—driven primarily by a few key areas: Verona, Venice, towns along Lake Garda and Cortina d’Ampezzo.

These are regions where Corcoran Magri is directly active and where we are observing significant trends—particularly relevant for those considering buying or selling property in 2025.

Verona: rising prices, especially in the city center and inner suburbs

In 2024, the average price of residential properties in Verona increased by 8.3% compared to the previous year. The historic center remains the most expensive area, but even well-connected peripheral districts are seeing price growth. Demand is solid, and average selling times are shortening. Today’s buyers are looking for high-quality homes with convenient access to services—a sign of a mature, discerning market.

Our advice: Now is a good time to sell. Buyers in Verona are clear about what they want and have solid financial resources. It’s a stable market with strong appreciation potential.

Lake Garda: steady interest, strong performance on the Eastern Shore

On the Veronese side of Lake Garda—from Lazise to Malcesine—prices have risen more significantly for well-maintained properties with lake views. Demand continues to be fueled by international buyers, particularly from Germany, the Netherlands and Austria. Domestic interest in second homes or rental investments is also growing. Limited supply is keeping prices high, especially in sought-after towns such as Garda and Bardolino.

Our advice: This is a prime market for diversifying your investments. Tourist rental demand remains strong.

Venice (Historic Center): a cautious rebound

Within the municipality of Venice, the historic center is showing renewed interest, particularly in the Castello Ovest, Sant’Elena, and Giudecca districts. Buyers are becoming more selective, but also more aware of the unique and enduring value of Venetian properties. The Lido is also showing encouraging signs.

Our advice: Selling during this consolidation phase may be a smart strategic move. For buyers, Venice remains a symbolic and solid long-term investment.

Cortina d’Ampezzo: price growth in central locations

Cortina is experiencing a vibrant market, especially in central and scenic areas. Renovated and luxury properties are still in high demand, thanks in part to international attention leading up to the 2026 Milan–Cortina Winter Olympics.

Our advice: If you own property in Cortina, now is the time to enhance its value. Buyers should take a long-term perspective, focusing on heritage and security over short-term gains.

What can we expect in 2025?

2025 will be the year of informed, strategic decisions. While not all areas grow at the same rate, value remains solid where location and quality meet. Investing or selling today means staying one step ahead of the market.

Corcoran Magri is active where the market is truly moving. With deep expertise in Verona, Lake Garda, Cortina and Venice, we’re ready to assist you in evaluating, selling, or acquiring property with precision and clarity.