Venice’s €6 Billion Wall Works – But Its Palaces Are Still Doomed
Luxury Falling
197 views
Venice spent about €6 billion on a flood wall called MOSE. It works. So why are Grand Canal palaces still losing value?
St. Mark's Square floods at 80 cm. The wall doesn't rise until 110. That 30 cm gap (about a foot) is where the damage quietly builds up. In this video, I break down what a palazzo is really standing on, why the barrier has gone up 156 times in six years, and why a palace once valued around €50 million reportedly sold for about €36 million after years on the market.
Then the full price list for saving Venice, from a roughly €5 million glass wall to relocating the city, plus the Long Beach-style fix that could lift the ground.
If you're into luxury real estate, climate risk, or big engineering gambles, stick around.
Would you buy a Grand Canal palazzo? Tell me in the comments.
Subscribe for more videos where luxury real estate meets natural disaster.
#Venice #MOSE #LuxuryRealEstate #VeniceFlooding #SeaLevelRise #Palazzo #RealEstate #disaster
1 Comments
Venice’s €6 Billion Wall Works – But Its Palaces Are Still Doomed
Luxury Falling
197 views
Venice spent about €6 billion on a flood wall called MOSE. It works. So why are Grand Canal palaces still losing value?
St. Mark's Square floods at 80 cm. The wall doesn't rise until 110. That 30 cm gap (about a foot) is where the damage quietly builds up. In this video, I break down what a palazzo is really standing on, why the barrier has gone up 156 times in six years, and why a palace once valued around €50 million reportedly sold for about €36 million after years on the market.
Then the full price list for saving Venice, from a roughly €5 million glass wall to relocating the city, plus the Long Beach-style fix that could lift the ground.
If you're into luxury real estate, climate risk, or big engineering gambles, stick around.
Would you buy a Grand Canal palazzo? Tell me in the comments.
Subscribe for more videos where luxury real estate meets natural disaster.
#Venice #MOSE #LuxuryRealEstate #VeniceFlooding #SeaLevelRise #Palazzo #RealEstate #disaster