In recent years, the world of luxury real estate has seen a growing interest in historic properties. Carefully restored to marry the elegance of the past with the comforts of modern luxury, these estates are emerging as highly profitable gems in the premium rental market.
$75 Bn
The global market for heritage property by 2033
7% to 10%
The annual returns according to Meirana program
€ 12,000
The price rental for a luxury villa in Italy
Interest in historic properties is steadily rising
Andrea Meirana, an Italian architect specializing in heritage restoration
The global market for historic and heritage property restoration is booming. While estimated at nearly $50.6 billion in 2024, it is projected to reach almost $75 billion by 2033, growing at a compound annual growth rate (CAGR) of 3.7%.
This trend has spurred a growing number of private investments aimed at revitalizing valuable properties that had previously remained off the traditional real estate radar.
In recent years, this has led to the emergence of stunning luxury vacation rentals with unique heritage appeal. Major platforms have taken notice, as did Airbnb, which launched a “Historical Homes” section in 2022.
Andrea Meirana, an Italian architect specializing in heritage restoration and the lead on the impressive Villa Peduzzi renovation on Lake Como, shares his insights on a market with strong prospects: “Interest in historic properties is steadily rising. When positioned correctly on the market, they offer excellent potential, both in terms of lifestyle appeal and long-term value.” Notably, his firm, Andrea Meirana Architects, founded in Genoa, now has a second office in London:
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