Economy

Short-term rentals and National Identification Code requirement: only 1 owner in 5 is ready

Keybox yes keybox no. Short-term rentals yes, short-term rentals no. While the two fronts in Italy and throughout Europe discuss, the certainty is the arrival of the CIN, the national identification code, mandatory for properties intended for short-term rental, from 1 January 2025 in our country. Yet, just over a month after the new rule came into force, only 1 owner in 5 is ready (Facile.it survey).

The CIN obligation requires that the code be displayed in advertisements and outside the property. Anyone who does not comply with the provisions will be subject to severe sanctions: fines ranging from 800 to 8 thousand euros for failure to possess the code and from 500 to 5 thousand euros for failure to display it. In addition to the CIN, the regulation also requires the installation of safety devices, such as smoke detectors, carbon monoxide and fire extinguishers, to ensure a safe stay for guests. From the data emerging from a survey commissioned by Facile.it to mUp Research and Norstat, only 20% of owners have already complied with the legislation, while around 230,000 are not even aware of it.

Despite the postponement of the entry into force of the law from 1 November 2024 to 1 January 2025, 44% of owners have not yet requested the CIN, while another 33% have started the procedure, but have not received the code . Worrying is the fact that 9.3% of those interviewed (around 30 thousand owners) declared that they wanted to abandon the business due to the growing complexity of the rules, a percentage that rises to 14% in the South and on the Islands. On the contrary, a minority (6%, equal to 18 thousand owners) decided to ignore the obligation, continuing to operate irregularly.

Contrary to the image of a sector dominated by professionals, 62% of owners use short-term rentals as a secondary source of income. However, among young people aged between 25 and 34, this activity represents a profession for 61.3%. The reasons behind the choice of short-term rental are different: 39.8% aim for greater earnings compared to traditional rentals, 35.7% choose this formula to reduce the risk of arrears, while 28.3% prefer to maintain the availability of the property in case of need.

On the safety measures front, 63% of owners have already installed smoke detectors and almost two out of three are up to date with fire extinguishers. However, only 49% had a carbon monoxide detector installed. Insurance is also experiencing significant diffusion: 65% of owners have taken out a policy to protect themselves from damage caused to guests and 68% protect the property from tenants.

The picture that emerges from these numbers tells us that without adequate membership, the risk is that the market remains fragmented and that many companies operate outside the law, exposing owners to sanctions and guests to potential risks.