Italy’s largest lake and a stunning destination
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Italy’s largest lake also just happens to be one of its most beautiful destinations. Located in the north of the country close to Verona, the shores of Lake Garda are dotted with quaint resort towns, Roman ruins, and Medieval castles. Nestled at the edge of the Dolomites, this pristine body of water is overlooked by awe-inspiring mountains. No wonder it’s one of Italy’s best tourist destinations and an exciting opportunity for foreign real estate investors.
Culture, History, and Business
While Lake Garda is today best known as a summer holiday retreat with plenty of recreational activities, its history has been much more contentious. Its location between the three important cities of Verona, Trento, and Brescia, as well as its proximity to the Dolomites and the northern Italian border, has meant that this gorgeous lake has served as the backdrop to many battles and military struggles. Here Roman forces battled Germanic tribes, Napoleon defeated the Austrians, and Victor Emmanuel II fought to form the modern nation of Italy.
Fortunately, that violent history is now in the past, and the region revolves around tourism and recreation. Almost the entire economy is devoted to the many people from both Italy and abroad who come here to vacation, although winemaking and agriculture are also important. Water sports are especially popular, and Lake Garda’s blue waves are often dotted with sailboats, kite surfers, and wind surfers. The mountainous surroundings provide great hiking, mountain biking, and mountain climbing opportunities.
Real Estate Appeal
The real estate market in the Lake Garda area provides a lucrative property investment opportunity as it receives thousands of tourists every year. This is especially true during the summer months of July and August when numerous tourists and families come flocking to the area looking for holiday homes or villas to rent.
Official estimates claim that Lake Garda receives an average of 22 million visitors per year, making it one of the most popular tourist destinations in the world. While the Italian economy has faced challenges in recent years, property prices in Lake Garda are bucking the trend by remaining stable and even appreciating in many areas. As a result, the risk of buying a property in Lake Garda is low since the demand from foreign tourists remains high, regardless of Italy’s broader economic situation. While property prices are on the higher end, there is significant potential to make a stable income by renting it out during the busy summer months.
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