When discussing ideal destinations for purchasing a second home, Tuscany ranks as one of the most sought-after locations, not only in Italy but globally.
The reasons for this are many: from the region’s extraordinary landscapes and cultural wealth to its quality of life and exclusive services. It’s no coincidence that Tuscany recently secured fourth place in the 2023 Prime Residential Index World Second Home Locations report.
This report, which analyzes the world’s top locations for second-home purchases, highlights the growing interest in finding homes for sale in Tuscany Italy.
A global analysis of second homes: the prime residential index
The Prime Residential Index provides an in-depth overview of the global second-home market.
Analyzing sixty locations worldwide, the report evaluates key factors that contribute to a region’s appeal for investors. These factors include:
The presence of exclusive shops and restaurants
Availability of four- and five-star hotels
Quality of life in the destination
Residential property prices
Global connectivity through air travel
These factors help define the longevity and sustainability of real estate investments in each location.
At the top of the 2023 list are the French Riviera and Monaco, two icons of global luxury, followed by Aspen, Colorado, an exclusive U.S. destination. However, Tuscany has claimed an impressive fourth place, making it one of the most highly-regarded destinations for buying a second home.
Why is Tuscany so beloved for second homes?
With its unique blend of art, culture, nature, and cuisine, Tuscany has long been a prime destination for those seeking an escape from the bustle of daily life.
An unparalleled cultural and natural heritage
Tuscany is renowned for its incredible historical and cultural legacy. Cities like Florence, Siena, Pisa, and Lucca are treasures of art, filled with world-famous museums, galleries, and monuments.
Tuscany’s landscape is equally alluring, with its rolling hills dotted with vineyards, olive groves, and medieval villages. The region also boasts some of Italy’s most stunning scenery, including areas like Chianti, Val d’Orcia, and Maremma, which make every corner a marvel to discover.
UNESCO has recognized numerous Tuscan landscapes as World Heritage Sites, while the region’s wine and culinary traditions, such as Chianti wine and olive oil, add an extra layer of appeal for those seeking a life of well-being and tranquility.
Quality of life
Tuscany offers one of the highest qualities of life in Italy and Europe. Despite being one of the country’s most visited regions, it maintains an ideal balance between livability and accessibility, particularly in its small towns and countryside.
The slower pace and peaceful rural landscapes are a major draw for those looking for a second home where they can escape the fast pace of modern life.
The region is also well-served by modern infrastructure, including rail connections, highways, and international airports in Pisa and Florence, allowing easy access to major European capitals.
A competitive and accessible real estate market
Although Tuscany is among the most in-demand regions, its real estate market still offers opportunities at relatively competitive prices, especially when compared with other luxury destinations in Europe.
According to the report, the average price of prime properties in Tuscany is around 3,000 euros per square meter, which is affordable compared to other international locations like the French Riviera or Aspen, where prices are significantly higher.
Even in the most sought-after areas, such as Val d’Orcia, the Sienese Hills, or Chianti, prestigious properties are available at a range of prices, depending on location, but often remain more advantageous than other high-level global destinations.
Tuscany is also known for its hospitality tradition, with a network of holiday farms and luxury resorts offering unique experiences, from wine tastings to vineyard strolls, making it a highly desirable lifestyle destination.
Tuscany is celebrated for its cultural events, art exhibitions, music festivals, and food fairs, drawing tourists and residents year-round.
