Family enjoying a vacation at a second home by the beach - Global Banking & Finance Review
Image depicting a joyful family vacationing at their second home near the beach, highlighting the importance of children's influence in vacation planning and second home purchases. Perfect for families looking to invest in holiday properties.
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WANT TO BUY A SECOND HOME? ASK FOR THE KIDS’ PERMISSION FIRST!

Published by Gbaf News

Posted on January 20, 2015

4 min read

· Last updated: April 23, 2020

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  • 92% of people planned to travel with family in 2014 (TripAdvisor)
  • 40% feel their children influence vacation planning (Preferred Hotel Group)
  • Beaches and pools top the list of second home requirements (Taylor Wimpey España)

Children Strongly Influence Family Holidays

homeWhether we like it or not, it’s established fact that children shape their parents’ holiday choices. Each year the TripAdvisor family travel survey demonstrates the influence that kids have on their parents’ decisions. In 2014, some 92% of respondents planned to travel with family and relatives’ considerations were plain to see in the amenities wish list, with complimentary breakfast, close proximity to local attractions, free Wi-Fi, a swimming pool and room service making the top five.

The same survey found that beach trips were the most popular family holiday choice, with 66% of travellers planning a beach/ocean vacation. Meanwhile, the Preferred Hotel Group multi-generational travel survey found that 40% of grandparents and parents felt their children “actively participate in or influence vacation planning.”

Kids’ Impact on Second Home Purchases

What is perhaps less well known is the influence that children have on the purchase of second homes. Owning a home overseas is a wonderful way to enjoy family holidays and avoids the usual hassles associated with family getaways. The TripAdvisor survey found that lugging extra gear and not enough quiet time for parents were the top annoyances, both of which can be avoided through second home ownership.

Dawn Cavanagh-Hobbs, founder of Italian fractional ownership holiday home company Appassionata, comments,

“Children are definitely a key consideration for almost all of our owners. Most see their fractional ownership share not just as the perfect way to enjoy luxury family holidays, but also as an inheritance for their children in the future. They also like that their children can learn about Italian culture and pick up more of the language each time they visit.”

Marc Pritchard, Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España, agrees,

pool“There’s no doubt that children play a huge role in their parents’ decision to purchase a second home. Our buyers are looking for large swimming pools, on-site parking and easy beach access, all of which are important for their children to enjoy time at the property.”

Top Destinations for Family-Friendly Second Homes

Spain is a welcoming country for families, as is neighbouring Portugal. With the lowest birth rate in Europe, children are cherished in Portugal and made a fuss of, even in busy restaurants. Chris White, founding director of boutique real estate agency Ideal Homes Portugal, observes,

“A friendly environment with plentiful attractions for children makes an ideal location for a second home. Sandy beaches, pools, water parks and other activities are really important, as is a short flight time – anything under three hours is really the optimum distance.”

Adapting Second Homes to Growing Children’s Needs

The flexibility that a second home offers for children is also important, explains Peter Walshe, Marketing Director for Albania’s first high-end resort Lalzit Bay Resort and Spa,

“As children grow, their wishes in terms of holidays will change. Choosing a well-located second home is a great way to accommodate those shifts. For younger children, the space to store toys and a nearby pool are essential. For older kids, a lovely beach and plenty of activities in the local area are important. And, of course, moody teenagers can choose to bring their friends and spend the whole holiday sitting indoors and playing on their phones, should they so wish! A second home provides the perfect environment for all of these.”

It really does seem as though children have serious sway over their parents when it comes to second home ownership. Clearly parents aren’t buying for themselves at all, despite what they may think!

Key Takeaways

  • Children significantly influence parents’ second home decisions, especially in amenities and location selection.
  • Common second‑home features include beaches, pools, easy access, reflecting family preferences.
  • Fractional ownership models like Appassionata cater to family needs and future inheritance planning.

References

Frequently Asked Questions

How do children influence second‑home purchases?
They drive demand for amenities like pools, easy beach access and family‑friendly features and even take part in planning.
What amenities are commonly desired in second homes for families?
Beaches, swimming pools, on‑site parking, storage space and proximity to attractions.
What is fractional ownership and why is it appealing?
It allows families to buy a share of a luxury holiday home, sharing costs and maintenance while securing a legacy for children.

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