Pacaso Enters Italy with Co-Ownership Homes in Florence, Milan, and Rome
Source: Pacaso
Reported By: Matthew Kennedy
With luxury real estate demand soaring across Europe’s most coveted cities, Pacaso has officially expanded into Italy, bringing its co-ownership model to Florence, Milan, and Rome. Known for reimagining the second-home experience through professionally managed, design-forward residences, Pacaso is now offering buyers an effortless way to own a slice of the Italian lifestyle—without the complexities typically associated with international property ownership.
This move marks a significant step in the company’s European strategy, building on existing operations in London and Paris, and bringing its total presence to over 40 destinations worldwide.
A Strategic Expansion into Italy’s Cultural Core
Italy has long held a magnetic pull for global buyers, particularly those drawn to its architectural beauty, culinary heritage, and timeless sense of place. In recent years, Florence, Milan, and Rome have emerged as epicenters of renewed real estate interest—fueled by infrastructure revitalization, tax incentives, and a wave of international investment.
“Following the tremendous success of our homes in Paris and London, we're thrilled to expand into Italy. It’s a top European destination for high-net-worth buyers seeking both a second home and the iconic Italian lifestyle.”
Austin Allison, CEO and Co-Founder of Pacaso
The Italian portfolio joins Pacaso’s growing roster of designer homes across Europe and North America, positioning the company at the forefront of a market shift where co-ownership is quickly becoming a preferred model for global second-home buyers.
How It Works: Fractional Ownership, Full-Service Management
At its core, Pacaso’s value proposition is rooted in simplicity and access. Buyers can purchase ⅛ to ½ ownership shares in luxury properties that are fully furnished, professionally managed, and equipped with concierge-level support.
The homes are curated for both design and functionality, often in collaboration with local Italian architects and interior designers to reflect regional character. Once acquired, the homes are maintained through Pacaso’s on-the-ground partnerships with property managers, legal advisors, and hospitality professionals—allowing owners to focus solely on enjoying the home, not managing it.
The platform includes a streamlined scheduling system, resale support, and financing options for qualified U.S. buyers—making international homeownership remarkably accessible, even across borders.
Florence, Milan, Rome: Distinct Markets, One Seamless Experience
Each city brings something distinct to the Pacaso portfolio:
Florence offers a romantic blend of Renaissance architecture and modern livability, ideal for buyers who want a foothold in Tuscany’s art and design scene.
Milan is a magnet for those drawn to fashion, finance, and cosmopolitan culture, with a high concentration of luxury apartments in restored historic buildings.
Rome, layered with antiquity and contemporary vitality, attracts investors seeking a unique mix of heritage, gastronomy, and grand residential spaces.
Through co-ownership, buyers are gaining access to properties in these tightly held markets—where full ownership is often cost-prohibitive or logistically challenging.
Redefining Global Real Estate
Since its founding in 2020 by Austin Allison and Spencer Rascoff, Pacaso has consistently challenged traditional notions of luxury real estate by transforming the second-home market into something more agile, more equitable, and more in tune with the rhythms of modern life.
Its entry into Italy isn’t just an expansion of territory—it’s a signal that high-end buyers are looking for smart, sustainable, and experience-driven ways to engage with the places they love most.