Discover the most expensive neighbourhoods in Venice

Venice is one of the most famous and admired cities in the world: each year, millions of tourists visit the Lagoon to admire its artistic and cultural treasures. The elegance of Venice is also reflected in its beautiful homes, some of which are exquisitely decorated and luxurious, enchanting many visitors and inspiring some to settle here. If you're thinking of moving to Venice and are looking for luxury properties, here's what you should know.

The history of Venice

The history of Venice is one of the most fascinating and unique in Italy. Founded in the 5th century by refugees fleeing barbarian invasions, Venice quickly developed into a maritime and commercial power. During the Middle Ages and the Renaissance, the city became a vital hub for trade between Europe and the East, thanks to its strategic position in the Adriatic Sea.

The Republic of Venice, still known today as La Serenissima, lasted for over a millennium until its fall in 1797 at the hands of Napoleon Bonaparte. This long period of independence allowed Venice to develop a unique material and immaterial heritage, characterised by extraordinary Gothic and Renaissance architecture, as well as a rich artistic legacy.

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The most famous luxury neighbourhoods in Venice

Venice is a city that exudes elegance and grandeur: overlooking the canals and the lagoon are richly decorated buildings, as well as gourmet restaurants, luxury boutiques, and prestigious cultural institutions. Among its narrow streets and bridges, some of the world’s most renowned luxury neighbourhoods can be found.

Venice is divided into "sestieri", an ancient division that still helps navigate the city today. One of the most prestigious districts is undoubtedly San Marco, the beating heart of the city. Here, you’ll find some of the most iconic buildings, such as the Doge’s Palace and St. Mark’s Basilica. Properties in this area are among the most expensive, due to their central location and proximity to historic monuments.

Another luxury district is Dorsoduro, known for its art galleries and museums, such as the Accademia Gallery and the Peggy Guggenheim Collection. Dorsoduro offers the perfect blend of culture and tranquillity, making it ideal for those seeking intellectual vibrancy. We must also mention the San Polo district, which overlooks the Grand Canal and includes the beautiful Rialto area.

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The cost of living in Venice

Living in Venice is a dream for many, but it's important to consider the cost of living before making the big move. The city is known for being one of the most expensive in Italy, with prices reflecting its uniqueness and its rich cultural offering. The cost of living in Venice varies significantly depending on the neighbourhood and lifestyle chosen.

One factor to consider is the net household income. According to ISTAT data processed by idealista, in 2021, a Venetian family had an average income of €37,532. This figure has remained relatively stable over time, despite some fluctuation. In the pre-COVID period, for instance, the average income was €39,551 (2019), €38,991 (2018), and €39,586 (2017).

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The most expensive homes in Venice on idealista

Naturally, the Venetian Lagoon city boasts a luxury real estate market that truly lives up to its reputation. Properties in these areas are often historic palaces with original frescoes, high ceilings, and breathtaking views of the canals. Purchasing one of these homes means investing in a cultural and architectural heritage of immeasurable value. Among the most expensive properties currently for sale on idealista, the following are worth mentioning:

• Ca’ Maddalena, a 17th-century palace recently renovated in the Cannaregio district. The price for this 1,200 m² palace is €10,000,000.
• Also in Cannaregio, an apartment in a 14th-century Gothic palace, spanning 900 m², is up for sale at €5,200,000.
• Moving to the Castello district, in Campo San Provolo, there is a property with a 100 m² terrace spread over two floors of a neoclassical palace. The asking price for the apartment is €4,500,000.
• Still in the Castello district, but in Campo San Zaccaria, a 450 m² property divided into two apartments with access to a beautiful terrace is available for €4,500,000.

• Finally, in Fondamenta de l'Osmarin, in the Castello district, an apartment in a neoclassical palace is for sale. With an area of 433 m² and a 100 m² terrace, the price is €4,500,000.

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Which VIPs live in Venice?

Venice is also a city beloved by the celebrity world for several reasons. In addition to its artistic wealth, the city on the Lagoon is one of the global capitals of cinema. Many films, both Italian and international, have been filmed here, and every year the Venice International Film Festival takes place, one of the most prestigious awards in the industry.

One of the city's notable residents is actress Emma Thompson, who bought a home in Venice and spends long periods there when she can. Another VIP in love with Venice is the famous British singer Elton John, who, together with his husband David Furnish, purchased a 15th-century building on the island of Giudecca.

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The price per square metre for sales and rentals in Venice

To gain a better understanding of the Venetian real estate market, it is essential to know the average price per square metre for both sales and rentals. Moving to Venice involves a significant investment, but for many, the cost is justified by the quality of life and the unparalleled beauty the city offers.

While the average rental price currently stands at €19.9/m², the average prices per square metre for homes for sale, broken down by neighbourhood, are as follows: