The highest average price for residential property in Italy in September 2024 was registered in the region of Trentino South-Tyrol, followed by Aosta Valley and Liguria. These three regions ranked as the most expensive in the country also because of their strategic position, natural beauty and peculiarity. These characteristics make them economically successful and, from a touristic point of view, appealing to a wealthy public. In Trentino South-Tyrol, the square meter price of residential real estate was over 3,231 euros, nearly 1,400 euros above the country average. Lombardy: the most active market in the sector The region of Lombardy (which includes Milan) might not be as exclusive as the regions mentioned above, but its real estate market is the most active in Italy. In 2022, Lombardy registered over 165,000 transactions in the residential real estate segment. Moreover, the total value of these transactions amounted to almost 30 billion euros. Milan, an attractive destination for investments Thanks to its role as a capital of business and finance as well as an innovation hub, Milan was able to attract human capital and investments, both domestic and foreign. The ability to grow and innovate was also reflected in the city’s real estate market, the most dynamic in the country. The number of transactions in residential real estate in Milan increased steadily since 2012 and so did prices: some areas of the city are among the most expensive in the country to buy a property.

Key information about House Prices Growth

• Italy house prices grew 3.9% YoY in Sep 2024, following an increase of 2.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Sep 2024, with an average growth rate of 0.2%.
• House price data reached an all-time high of 5.2% in Jun 2022 and a record low of -7.1% in Mar 2013.

Graph and download economic data for Real Residential Property Prices for Italy (QITR628BIS) from Q1 1947 to Q3 2024 about Italy, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Italy increased to 112.90 points in the third quarter of 2024 from 112 points in the second quarter of 2024. This dataset provides - Italy House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The House Price Index (HPI) measures the evolution of market prices of all residential properties that are purchased by households, regardless if bought for own-occupancy or as an investment. It can be seen that the HPI for dwellings in Italy decreased steadily, going from 118.1 in 2010 to 103 in 2021. In 2022, the index increased to almost 107 index points, meaning that home prices had risen by about seven percent since 2015 - the base year of the index.

In 2024, Milan boasted some of the most expensive residential real estate properties in the country. A ranking of the priciest districts of the city for residential properties showed that home buyers could expect to pay on average close to 10,780 euros per square meter in the district Centro (historical city center). In Milan, renting a dwelling also comes at a cost. The rental price in the same area amounted to nearly 31 euros per square meter in 2024. Milan, an attractive destination Milan is one of the most dynamic Italian cities. In recent years, the city was able to create jobs and expand investments in many sectors, attracting capital and talent both from Italy and from foreign countries. This growth was reflected also in the real estate market, which has proved to be the most dynamic in the country in recent years. Transactions in residential real estate in Milan increased steadily since 2012. Moreover, Milan was one of the most popular cities in Italy for residential property purchase as an investment. More tourists after Expo 2015 Hosting the Expo 2015 was a brave bet for the city. Thanks to public and private investments, Milan could carry out much-needed projects in terms of infrastructure and regeneration of some central areas of the city. In this sense, Expo 2015 also allowed the city to place itself on the map of the most popular tourist destinations in Europe and left a positive effect on the city’s tourism fluxes. International visitors have increased steadily since it was announced that the city would be the host of the global event, and continued to do so also in the years following the Expo.

The average price of houses, apartments and residential real estate for sale in the Italian city of Venice as of October 2024, was the highest in San Marco, Rialto, at nearly 5,910 euros per square meter. Compared to the national average of Italy, the average prices in Venice were higher in most of the areas. In Mestre, Chirignago, Marghera, Catene, on the other hand, housing was the least expensive at around 1,830 euros per meter.

House prices in the historical center of Rome were, unsurprisingly, the highest in the whole city. Indeed, residential properties in the city center could fetch on average 8,051 euros per square meter. This figure is more than double the average price for a residential property recorded in the entire city. Pricey districts in Italy Rome is not the only city in Italy where many people would want to live, with fancy and attractive districts. In fact, Milan is the city that boasts the districts with the highest prices in the country. Furthermore, the districts of San Marco and Rialto in Venice are also very on demand: a residential property in the most central areas of the city island cost over 5,000 euros per square meter. Residential real estate in Italy House prices in Italy decreased steadily since 2012, and so did interest rates on new mortgage loans. These favorable conditions brought new life to the residential real estate market in the country. The number of transactions increased steadily after reaching an all-time low in 2013. Moreover, low prices in many Italian cities attract individuals interested in purchasing residential real estate for investment.

The prices of residential properties in Rome, Italy, have significantly fluctuated between 2016 and 2024. In October 2024, buying a residential property in Rome cost on average 3,411 euros per square meter, down from 3,489 euros per square meter in December 2016 during the market peak. A more detailed look into the city’s real estate market showed that residential dwellings in the most affluent areas of the city can fetch up to more than six thousand euros per square meter. Positive signals for the real estate market In general, lower prices seem to have attracted interest in the real estate market in the city. The number of residential property transactions in Rome has increased steadily since reporting the lowest value in 2013, when about 23.8 thousand transactions were registered. Not a city for investments Despite boasting lower prices when compared to Milan, Rome didn’t seem to be able to catch the interest of foreign investors. In 2018, the Italian capital could attract only 19 percent of the total foreign investments in the real estate sector in Italy. Moreover, in a list of the most popular cities in Italy for residential property purchase for investment Rome ranked last behind all major Italian cities.

Selling prices for residential real estate in the city of Florence in Italy show significant differences depending on the area. In fact, in October 2024, residential properties in districts like Michelangelo, Porta Romana, Oltrarno (all located on the other side of the river Arno compared to the historical city center) cost roughly 5,700 euros per square meter. By contrast, areas like Firenze Sud and L’Isolotto, both relatively far from the city center, recorded an average selling price of 3,867 and 3,135 euros per square meter, respectively.  Residential real estate in Florence compared to other major Italian cities   The residential real estate market in Florence seems to be doing well. Selling prices for residential properties increased overall in the last few years, exceeding 4,000 euros per square meter in October 2023. In comparison, Florence's prices are between Rome's and Milan's averages. Residential properties in Rome, for instance, registered an average price of 3,300 euros per square meter. Office space in Italian cities  Due to more and more people moving to the cities, especially young graduates looking to start a new career, office space is also very in-demand in major cities around the world. Italy is no exception. This trend led to an increase in the price for office spaces in the north of the country. A few examples? An office in Venice can fetch on average 3,800 euros per square meter. Setting up a workspace in Rome and Milan seems to be cheaper. In the two major Italian cities office space cost on average approximately three thousand euros per square meter.

The average price of houses, apartments and residential real estate for sale in the Italian city of Bologna were the highest in Colli at over 4,700 euros per square meter in October 2024. The most affordable area, on the other hand, was San Donato, Pilastro with house prices at about 2,830 euros per square meter. Overall, residential real estate prices in Bologna were above the average in the country.

Italy Residential Property Price: Average: Florence data was reported at 2,471.028 EUR/sq m in 2022. This records an increase from the previous number of 2,351.246 EUR/sq m for 2021. Italy Residential Property Price: Average: Florence data is updated yearly, averaging 2,435.775 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 3,267.434 EUR/sq m in 2008 and a record low of 2,336.998 EUR/sq m in 2020. Italy Residential Property Price: Average: Florence data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB003: Residential Property Price.

The average price for properties for sale in the Italian municipality of Milan increased steadily between December 2016 and October 2024. Milan is one of the most expensive cities for real estate in Italy, with the sales price of residential real estate significantly exceeding the country average. Starting at 3,687 euros per square meter in December 2016, the average price of a square meter of property increased to 5,328 euros by October 2024.

The average price for houses, apartments and residential real estate for sale in Naples, Italy was the highest in Pisillipo, Marechiaro at approximately 5,110 euros per square meter in October 2024, much higher than the country average. In comparison, Barra, Ponticelli, San Giovanni a Teduccio, which was the most affordable area had per square meter price of around 1,400 euros during the same period.

The average price of houses, apartments and residential real estate for sale in Genoa, Italy was the highest in Albaro, Sturla. The average house price in Albaro, Sturla was around 3,360 euros per square meter in October 2024, exceeding the national average. In the inner city center (Centro), on the other hand, housing cost on average was nearly 2,700 euros per square meter.

Immobiliare.it Insights' Property Market Data offers unparalleled insights into Italy's real estate sector. This data suite harmonizes information on real estate transactions, from stock to average prices and floor areas, including cadastral data, Real Estate Valuation Data, Business Listings Data, Web Search Data, and Web Activity Data.

Dive deep into real estate market dynamics, including pricing trends, property types, and geographic preferences. Leverage this data to understand market composition and customize indicator segmentation by cadastral typology and surface.

| Dataset Details |

• Comprehensive information on real estate transactions
• 43 KPIs
• Quarterly Updates
• Key data points including stock, average prices, and floor areas Delivery via flat-file (CSV-JSON)

| Use Cases |

• Developers, property managers, and real estate investors: Anticipate market trends with comprehensive property market data to define the most attractive real estate features for users.
• Market analysts: Utilize real-time real estate transaction data to identify emerging trends and dynamics in the real estate market.
• Urban planners: Access property transaction data to support planning and development strategies tailored to current market needs.
• Financial institutions: Evaluate market risk and opportunities with accurate and timely real estate market data, and understand sales transaction data for a deeper insight into market activities.

Immobiliare.it Insights' Property Market Data provides crucial property transaction data for the residential and non-residential sectors, ensuring a comprehensive understanding of the real estate market. Leveraging this real estate transaction data, stakeholders can make informed decisions based on the latest trends and metrics available in the market.

The average sale price of residential real estate in the inner-city center of Turin, Italy, amounted to roughly 3,800 euros per square meter in October 2024, making it the most expensive area for housing in the city. In comparison, housing in Le Vallette, Lucento, Madonna di Campagna, Borgo Vittoria, and, Parco Dora, which were among the most affordable areas, cost approximately 1,350 euros per square meter. The Piedmont region, where Turin is located, has a lower than the average for the country property price.

Italy - Median of the housing cost burden distribution: Less than 18 years was 9.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Median of the housing cost burden distribution: Less than 18 years - last updated from the EUROSTAT on March of 2025. Historically, Italy - Median of the housing cost burden distribution: Less than 18 years reached a record high of 13.10% in December of 2013 and a record low of 9.40% in December of 2024.

Italy - Median of the housing cost burden distribution: Towns and suburbs was 9.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Median of the housing cost burden distribution: Towns and suburbs - last updated from the EUROSTAT on March of 2025. Historically, Italy - Median of the housing cost burden distribution: Towns and suburbs reached a record high of 11.60% in December of 2009 and a record low of 9.00% in December of 2024.

Italy - Median of the housing cost burden distribution: Females was 9.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Median of the housing cost burden distribution: Females - last updated from the EUROSTAT on March of 2025. Historically, Italy - Median of the housing cost burden distribution: Females reached a record high of 12.20% in December of 2013 and a record low of 9.30% in December of 2024.