Buying A Second Home in Italy in 2024 - 2025

According to a report by Statista, over 85 million tourists experienced its Mediterranean allure in 2023 alone. No wonder, then, it’s also a top location for second home investment.  If you're thinking of buying a second home in Italy? Our guide covers the benefits and the nuances of the Italian real estate market, ensuring you make a well informed decision. 

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Why Buy a Second Home in Italy?

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Italy’s appeal is indisputable. From the rolling hills of Tuscany and lakes of Piedmont to the crystal waters of the Amalfi Coast, and the Renaissance-walled city of Lucca, the country’s diverse landscapes attract all kinds of traveller. While its ancient ruins and mediaeval architecture attract history enthusiasts to hotspots such as Florence and Rome, its rich culinary heritage and wine culture draws gastronomes to towns such as Bologna, famous for its tortellini, and regions such as Tuscany, for its world-famous vineyards.The climate is also a main draw, with long, hot summers and mild winters making it a year-round destination.

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Benefits of Owning a Second Home

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If you’ve made it this far, the likelihood is you’re already under Italy’s spell and considering a second home investment. But should you take the plunge? Let’s evaluate the benefits. Firstly, buying a holiday home in Italy provides a personal holiday spot, allowing you to experience its allure whenever you desire. Whether it's in the Tuscan countryside or the urban heart of Rome, having your own base ensures comfort and familiarity - a peaceful space to escape to, and from which to explore.  

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Secondly, a second home in Italy serves as a long-term investment. The Italian real estate market has historically shown resilience, and property values in prime locations continue to appreciate over time. This investment can yield significant returns when the time eventually comes to sell. Last but not least, it offers security for generations to come. An opportunity to create traditions with your loved ones in the years ahead. Picture spending time with friends and family, year after year, in your own, beautifully crafted space, with world-class wine, nourishing cuisine and vibrant culture, all on your very own doorstep.

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Buying a Second Home in Italy: Co-Ownership with August

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When considering buying a second home in Italy, there are several pathways to investment. Co-ownership is one of those options, with a plethora of benefits reducing the pressure and stress of solo investment. Simply put, the definition of co-ownership is the legal and financial state of owning an asset jointly with another or others. In relation to property, real estate co-ownership is an increasingly popular trend, offering a practical pathway to investment without the related expenses of sole ownership.

Advantages include but are not limited to:

• Reduced financial burden.
• Shared maintenance costs.
• Access to premium properties.
• Flexibility and convenience.

Steps to Co-Owning a Home in Italy with August

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August has a team of experts across Italy and Europe who find, renovate, and curate vacation homes into 'Collections' of four to five properties. These range from tranquil country farmhouses in the Tuscan Hills to urban apartments in Rome’s chicest districts. With August, you can become a co-owner of one or more of these Collections, offering an effortless way to own multiple second homes. 

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August handles all paperwork and maintenance, creating a hassle-free pathway to second home ownership in Italy and beyond. Here’s how it works in four simple steps…

1. Homeowner Curation

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We find and vet new homeowners to ensure they share August values: real ownership, beautiful homes, travel, and culture. Once approved, they receive homeownership documents. Signing secures their place in the August collection, granting access to the inaugurating meeting where co-ownership is formally established.

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2. Ownership Companies

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We design co-ownership real estate companies with experts, streamlining legal processes and ensuring transparency. Homeowners invest funds, and the company purchases properties. Each homeowner holds 1/21st ownership interest in up to five properties, their land, and contents, with a best-in-class agreement bringing like-minded buyers together.

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3. Design and Renovation

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We elevate properties to the highest standards, focusing on homes with potential in perfect locations. Our teams handle purchases, navigate local authorities, manage renovations, and design interiors to reflect each region's unique style, creating value for homeowners.

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4. Home Management

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We manage and maintain your second homes to hotel standards for a seamless vacation experience. Beds are made, towels folded, gardens maintained, and pools cleaned. All that is left is for you to book your next holiday. We handle the rest. 

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Buying a second home in Italy has an endless list of benefits, from easy access to its natural, historic and cultural riches, to potential return on investment. Nevertheless, it’s important to consider different pathways to ownership to ensure your holiday home works for your travel style. 

Interested in hearing more about August’s co-ownership model and the potential to own homes in Tuscany, Rome and beyond? Speak to one of our Expert Advisors today to find out more.