Leases

To revive the non-tourist rental market, property must be protected

This is what emerges from the 4th Federproprietà-Censis Report, which puts the number of 'dormant' houses at 8.5 million (around 25% of the total), including second properties, units that have been vacant for some time and even those without connections. Meanwhile, holiday lettings are showing a positive impact

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Not to punish, fiscally, but to remove obstacles, such as the risk of not being able to regain possession, due to arrears, of one's rented flat. After all, 25.7% of the total number of dwellings in the name of individuals constitute dormant homes. This was revealed in the fourth Federproprietà-Censis Report "Dormant houses, a wealth submerged. Proposals for reawakening the non-tourist rental market in Italy', which was held this morning in the Sala Zuccari of the Senate. If by dormant we mean everything that is not a 'first home', we are talking about a total of 8.5 million homes, the sum total of 5.8 million non-primary homes used for short stays or not rented out, almost 1.4 million without even a connection to the energy and water networks, and almost 1.3 million with undefined uses and not present in tax returns.

The sentiment of Italians

For 80% of Italians putting dormant houses on the rental market today is a good solution to expand supply, for 14.2% it is not, 5.8% have no definite opinion on the matter. 80.1% of those who live in the North East, 82.6% in the North West, 75.2% in the Centre and 81.3% in the South and Islands share this solution.

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However, for 66% of Italians, owners who leave properties unused should not be penalised fiscally, for 28.3% it would be appropriate, 5.7% do not know. 68% of those living in the North-West, 59.7% in the North-East, 66.5% in the Centre and 67.8% in the South and Islands are against hitting owners of empty houses.

For 82.9% of Italians, it is the fear of not being able to regain possession of their home in the event of tenant arrears that keeps landlords from renting out properties. For 86.4% of citizens, then, eviction procedures, in case of arrears, should be speeded up.

"In Italy," emphasised Maurizio Pezzetta, deputy vice-president of Fimaa Italia-Confcommercio, speaking at the presentation of the report, "it is not short-let accommodation that is the cause of the crisis in ordinary long-term rentals. Suffice it to recall that more than 8.5 million homes, 25.7% of homes owned by individuals, remain unused, in most cases because owners are afraid to rent them out for long periods. The survey confirms that, in order to revive the rental offer, it is necessary to protect ownership. Paradoxically, 80% of Italians believe that putting dormant homes back on the rental market is an adequate response to the housing emergency," continues Fimaa. "At the same time, however, a similar percentage of owners (82.9%) renounce renting out a home because they are afraid of not being able to return to it in the event of tenant arrears. This confirms that Italians care about real estate as a heritage to be valorised and preserved, but they need guarantees to reopen the doors of these empty houses, and how can you blame them?".

Tourist rentals and the impact on the economy

Starting instead from its own data, presented yesterday, on short leases for tourist use in the main Italian resorts during the 2025 summer season and projections for the 2026 winter season, Fiaip (the Italian Federation of Professional Estate Agents) points out that "In Italy in 2025 the number of homes rented out continues to rise and non-hotel accommodation is growing throughout the country. In the second-home market, the annual average is around 31% of total residential transactions, and only 25% of second homes purchased in tourist locations are for rental purposes. The prevailing share of investments concerns properties purchased for personal or family use, thus constituting real second homes for tourist use and a small percentage purchased by seasonal workers. According to the Federation, "theshort-term rental sector has shown a positive sign in Italy this year. The 2025 summer season compared to 2024 recorded a +2 per cent increase in the number of rental contracts for tourist purposes, due in particular to an extraordinary presence of foreign and Italian tourists, together with an average increase in rents of 5 per cent". Finally, 'in the first 8 months of the year, the value of bookings was over 8.2 billion euro, but if one considers the impact on catering, transport, culture and shopping, the impact on GDP is worth another 32.9 billion. And again, it guaranteed another 600 million or so for house maintenance. All of this also has a significant impact on the Treasury. The sector also employs 30 thousand operators and if we also consider the allied industries, the budget rises to 150 thousand jobs'.

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