The supply of luxury homes on Lake Garda has seen a 45% increase compared to 2019, according to the annual Observatory of the luxury residential market in Italy. This increase not only concerns the number of available properties, which amounted to 1,448 by the end of 2023, but also their overall value and size, with respective increases of 22% and 18%. However, villas have seen a decrease in their share of the luxury real estate market, now representing 48% of the total stock available compared to 52% for apartments.
Despite the growth in supply, average selling times have significantly shortened, from 11.4 months in the first half of 2019 to just 7 months by the end of 2023. The average time that listings remain on the market has decreased from 12.9 months at the beginning of the period considered to the current 10.4 months. On the other hand, demand for these properties has experienced a 14% decline compared to pre-pandemic levels. Despite this, the weight of demand on the national total has remained stable at around 2%, with a slight decrease in the second half of 2023.
Italian Version
