As U.S. Home Prices Surge, American Buyers Set Their Sights on Europe

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As Americans restart trans-Atlantic travel, second-home markets in European countries like Italy, Portugal and Greece have seen a jump in property inquiries from U.S. homebuyers

Now, as trans-Atlantic travel for Americans tentatively resumes, they are restarting their search.

During the couple’s most recent Venetian sojourn in 2018, they rented a palazzo on the Grand Canal, recalls Dr. Gamble. They hosted friends and family, and flew a Texas flag from the balcony. Looking ahead to ownership, they hope to recapture some of that atmosphere. “We need to be on the water,” says the 54-year-old. “And we need to have three or four bedrooms. It’s Venice, and people will come to visit.”

Dr. Gamble and her husband, 75, recently made inquiries about a nine-bedroom, 17th-century Grand Canal palazzo listed for $11.2 million, according to Knight Frank, which is handling the sale. On the other side of the canal, a six-bedroom, 3,800-square-foot apartment in an early-20th-century building is listed for $2.7 million.

 

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