This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
X

Do you want to achieve the best price for your property?

Engel & Völkers offers you a professional market valuation of your property determined by our experts free of charge. Please fill out the form below and we will contact you shortly.

 

You can find out in detail which data is stored and who can access it by viewing our privacy policy.

I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data by the provider to answer my contact request or request for information.

I can revoke my consent at any time for the future.

Subscribe to our newsletter now and be the first to know about new property listings!

Discover interesting properties from our portfolio and find out about our services and the fascinating world of Engel & Völkers.

You can find out in detail which data is stored and who can access it by viewing our privacy policy.

I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data by the provider to answer my contact request or request for information.

I can revoke my consent at any time for the future.

"Lake Como Rises Again" - Our article in "The Wall Street Journal"

Lake Como, tucked against Italy’s border with Switzerland, has been home to ancient Roman grandees, Renaissance cardinals, Milanese industrialists and, most recently, to Russian billionaires and actor George Clooney. Now, with the dollar rising, a new wave of American buyers is taking an interest in the area.The lake, about 40 miles long, has an array of towns and villages along its shore, running the gamut from high-priced resorts to rustic outposts. Prime properties include lakeside villas dating back to the 17th and 18th centuries, with outdoor pools, private piers and original details such as parquet floors and frescoed ceilings. Top prices range from $23 million to $32 million.(...)

The area represents several distinct real-estate markets. Deep-pocketed international buyers stay at their lakeside mansions for a few weeks in the summer, while budget-conscious Italians buy primary homes around the lake’s southern reaches and commute to Milan or Switzerland.The mix also includes German second-home buyers looking near Varenna on the upper eastern shore, where prices are lower and lots are bigger than in the lake communities closer to Milan. Commuting Swiss also are a growing presence, happy to find that one million Swiss francs (about $919,000) can get them a grand Lake Como apartment instead of a two-bedroom flat back home in Lugano, 20 miles away. 

Some of the distinct markets overlap in the southwest arm of the lake: “the first basin” stretches from Como, the charming lakeside city that is the region’s hub, up the lake’s western edge to Laglio, where George Clooney has a villa. In-between are Cernobbio, a resort rising up into the hills, Moltrasio and Carate Urio.

Cernobbio’s Villa d’Este hotel, a 16th-century palatial villa first turned into a luxury hostelry in the 1870s, is a deluxe watering hole that draws visitors and residents. In high season, rooms average $1,100 a night. Lakeside villas on the Como-to-Laglio shore start at $5.3 million, says Yasemin Rosenmaier, managing partner of Engel and Völkers, Lake Como, adding that they often need some renovation.(...)

To the north in Mezzegra, Guido Mina di Sospiro—a Milanese writer now based in Annapolis, Md.—has put his family’s 19th-century villa on the market for $17.6 million. The 8,073-square-foot home, with seven bedrooms and six bathrooms, is on a 1½-acre lot.Mr. Mina di Sospiro, 55, is a longtime observer of the Como scene.(...) “Some of the new people are very interesting,” he says, citing a resident German record producer, “and some of the old people are very boring.”He also has noticed the recent shift in buyers. “There used to be a lot of Russians, but now because of the strong dollar, Americans are coming back.

”Americans appreciate the Menaggio and Cadenabbia Golf Club, located farther north on the same western shore, says Ms. Rosenmaier. The club is the area’s premier course, dating to 1907. Carate Urio, she says, appeals to those who want to be “close to Clooney,” but others like the two small resorts of Tremezzo and Menaggio, which are blessed with Belle Époque mansions.

Read the original article in "The Wall Street Journal"


Contact us now

Engel & Völkers Lago Di Como
Email
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.

You can find out in detail which data is stored and who can access it by viewing our privacy policy.

I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data by the provider to answer my contact request or request for information.

I can revoke my consent at any time for the future.

Send now

We know the true value of your property

Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.
Send now
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.
Please enter the property information.

You can find out in detail which data is stored and who can access it by viewing our privacy policy.

I agree to the storage and use of my data according to the privacy policy and agree to the processing of my data by the provider to answer my contact request or request for information.

I can revoke my consent at any time for the future.

Send now

Follow us on social media



Array
(
    [EUNDV] => Array
        (
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_offer-form] => MTM5MjE5NzU3NkJ4d29xancwTDVhZWFIRzEycXAxcW9SdElHdVBqMTdV
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_contact-form] => MTM5MjE5NzU3NnlHcUR0Y2VlTXVPUndLMHZkMW9zMnRmRlgxaUcwaFVG
        )

)