Israelis Find Second Homes in Italy, Restoring Ruins
A growing number of Israelis, particularly retirees, are purchasing dilapidated properties in Italy, renovating them, and using them as second homes for part of the year. This trend, driven by a desire for a different pace of life and a connection to Italian culture, sees Israelis investing in regions like Marche and Umbria, transforming old farmhouses and ruins into dream residences.
Margalit Wiener, 79, a former hospital administrator, and her husband, Professor Paltiel Wiener, 81, exemplify this movement. After retiring, they fulfilled a long-held dream by buying and restoring an ancient farmhouse in Marche. What began as a personal project evolved into a business, Sensi Homes, which now helps dozens of other Israeli families find and renovate properties in Italy. Wiener emphasizes that these homes are not investments but rather places for family gatherings and a personal retreat, allowing them to "cleanse and return" to Israel with renewed energy.
The process involves significant investment, with renovation costs often exceeding the initial purchase price, which can range from tens of thousands to hundreds of thousands of euros. Buyers must navigate Italian bureaucracy and legal requirements, often engaging local professionals like lawyers, architects, and contractors. The article debunks the myth of "one euro houses," stressing that while properties can be inexpensive, renovations are costly and must meet strict building codes, including earthquake resistance.
While many buyers are retirees, younger Israelis in their 40s and 50s are also exploring this option, seeking a better quality of life, good food, and a different cultural experience. These second homes are viewed not as an escape from Israel, but as a complementary lifestyle choice, offering a peaceful "island of sanity" before returning to their primary residence. An Israeli community is forming in these Italian regions, connected through WhatsApp groups that focus on shared experiences rather than politics.
This phenomenon is not limited to Italy, with Israelis also acquiring properties in Greece and Cyprus. The common thread is the long-term planning involved, often starting years before retirement, and the focus on creating a personal residence rather than a speculative investment. The article highlights that these Israelis maintain their primary lives and families in Israel, viewing their Italian homes as a vital addition to their overall life experience.
