Selling prices for residential real estate in the city of Florence in Italy show significant differences depending on the area. In fact, in ************, 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 ***** 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 ***** and ***** 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 ***** euros per square meter in ************. In comparison, Florence's prices are between Rome's and Milan's averages. Residential properties in Rome, for instance, registered an average price of ***** 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 ***** 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 ************** euros per square meter.

Discover the booming Italian real estate market! Our in-depth analysis reveals a CAGR exceeding 5%, driven by luxury demand, tourism, and foreign investment. Explore market segments, key players, and future growth projections for Italy's vibrant property sector. Invest wisely with our insights on villas, apartments, and prime locations like Rome, Florence, and Venice. Recent developments include: June 2022: The multinational real estate company Hines and Blue Noble, co-investors in the "Future Living" fund run by Savills Investment Administration SGR SpA, confirmed that a leasing deal with Starhotels for the management of a portion of the Corso Italia asset in the center of Florence has been finalized. As part of the new residential rental offer at Il Teatro Luxury Apartments - Starhotels Collezione, more than 150 luxury apartments of different sizes and styles will be available for stays of a few weeks to a few months.So, Corso Italia will start up again, keeping the area's cultural history while offering cutting-edge, in-demand apartments for rent., March 2022: Christie's International Real Estate announced their acquisition of Ansley Real Estate, a leading Atlanta-area luxury brokerage firm. After the acquisition, the company became known as Ansley Christie's International Real Estate. This acquisition will reinforce the brokerage's leadership in Atlanta's luxury market.. Notable trends are: Increase in Residential Properties across the Italy due to Less Mortgage Rates.

Discover the booming Italian condominiums and apartments market! This in-depth analysis reveals a CAGR exceeding 6.5%, driven by urbanization, tourism, and government initiatives. Learn about key players, regional trends, and growth projections for 2025-2033 in Rome, Milan, Venice, and Florence. Recent developments include: June 2022: Borgosesia purchased the full capital of Como 11 Srl, which owns 13 freshly renovated apartments in Milan's Corso Como, for EUR 7 million (USD 7.5 Million)., June 2022: DoveVivo, an Italian living firm, purchased ALTIDO, ensuring that it would emerge from the Covid crisis with a substantial infusion of capital and the ability to expand its inventory with an additional 51 properties through the combination of acquisitions.. Key drivers for this market are: 4., The growing number of high-rise buildings and skyscrapers globally has created a robust market for facade systems4.; Building owners and developers are placing greater emphasis on the overall performance of their structures. Potential restraints include: 4., High-quality facade materials and designs can be costly, making it challenging for some projects to meet budget constraint4.; Facades must comply with building codes and safety regulations, which can vary based on location. Notable trends are: Despite skyrocketing living expenses fueled by high inflation, average home prices in Italy rose..

The Italy Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by City (Rome, Milan, Venice, Florence, Naples, Turin, Lake Como and Lombardy Lakes Region and More). The Market Forecasts are Provided in Terms of Value (USD).

Giudecca, one of the most popular areas in Venice, had an average rent for residential properties higher than in any other area in 2024. In October, the square meter rent cost on average approximately ***** euros per month. Venice ranks among the most expensive cities in Italy to rent residential real estate properties, second only to Milan and Florence, which together with the city island is one of the touristic hotspots of Italy. Renting or buying?  When faced with the choice of buying or renting a house, Italians prefer by far the option of purchasing and therefore owning their own home. Moreover, in the last few years, conditions have been favorable for people willing to purchase a house. House prices in Italy decreased steadily since 2012 and so did interest rates on new mortgage loans, making it cheaper for people to buy their own house or to invest in residential properties.   Residential real estate in Italy  Despite these favorable conditions, the residential real estate market in Italy has not fully recovered since the 2008 financial crisis. However, positive signs can be seen: 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.