31 - The second home: from dream to reality
The dream of the second home is deeply rooted in Italian culture. It is not just a passing desire but a concrete aspiration that many citizens turn into reality. In fact, Italy ranks among the countries with the highest rate of property ownership in Europe, with 72 percent of Italians already owning the home in which they live, of which as many as 26 percent also own a second home. These values exceed the European averages of 69 percent for the first home and 25 percent for the second home, respectively.
But what are the reasons that drive so many Italians to invest in a second property? The reasons are many and often related to personal and family needs.
The second home: from dream to reality
Relaxation and leisure: First of all, 44 percent of owners use their second home as a vacation residence. This is the main motivation for purchase, with a clear preference for tourist locations where they can spend periods of relaxation away from city stress. The possibility of having a personal retreat, accessible at any time of the year, is an incomparable added value compared to temporary rental solutions.
Planning for the future: In addition, 23 percent consider a second home a strategic investment for retirement. Many Italians see buying a second property as a forward-looking choice, a place where they can spend their old age years with greater peace of mind and in a healthier environment than urban centers.
Family wealth and inheritance: Another significant motivation concerns the view of the second home as an asset to be passed on to children. This conception of the property as a family asset is a distinctive feature of Italy compared to other European countries, where a logic more oriented to immediate economic return often prevails. For many Italian families, the second home represents an element of stability and economic security to be left to the next generation.
Investment opportunity: Without a doubt, buying a second home can bring considerable economic benefits. Despite higher initial costs than buying a first home, many owners turn the property into a source of income through tourist rentals or accommodations such as B&Bs and vacation homes.
The market for second homes in Italy continues to show positive signs. In 2021, 199,000 second-home purchases and sales were recorded, an impressive 52 percent increase over 2020 and 36 percent over 2019. Projections indicated a further increase of about 5.5 percent for 2022, a trend that seems to be confirmed in 2025 as well.
A particularly interesting aspect is the growth of the market for short leases for tourist use, which in recent years has registered a 27 percent increase over the previous year. This increase is not happening at the expense of traditional accommodations, but is taking the form of an alternative offer that expands the possibilities of Italian tourism.
Italians’ relationship with their second home goes beyond a simple economic investment. There is an emotional dimension that makes this purchase even more significant for families. The house represents a tangible asset, a long-term asset security that endures even in times of economic uncertainty.
Interestingly, recent trends show a rediscovery of historic villages and lesser-known locations. The desire for a second home away from urban chaos, immersed in the most characteristic landscapes, is driving many Italians to invest in authentic architectural settings surrounded by fine landscapes and local communities.
Ultimately, the second home continues to be in the dreams of Italians not only as a symbol of security and well-being, but also as a concrete opportunity for investment and improved quality of life.
