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 ***** 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 ***** 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.

Italy Residential Property Price: Average: Rome data was reported at 2,838.376 EUR/sq m in 2022. This records an increase from the previous number of 2,748.073 EUR/sq m for 2021. Italy Residential Property Price: Average: Rome data is updated yearly, averaging 2,932.702 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 3,650.078 EUR/sq m in 2008 and a record low of 2,672.128 EUR/sq m in 2020. Italy Residential Property Price: Average: Rome 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.

Housing Index in Italy decreased to 113.30 points in the first quarter of 2025 from 113.50 points in the fourth quarter of 2024. This dataset provides - Italy House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Italy (QITR628BIS) from Q1 1947 to Q1 2025 about Italy, residential, HPI, housing, real, price index, indexes, and price.

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.

The historic city center of Rome (Centro Storico), Italy, had the most expensive residential rent in the city in 2024. In October, the square meter rent in the historic city center amounted to ***** euros - almost ** euros higher than the average for the city.

Between 2020 and 2022, average prices for residential real estate in Italy are expected to decrease. However, the forecast decrease in the average price differs according to cities. Milan, for instance, is expected to experience a drop in prices below *** percent year-on-year between 2020 and 2021, before increasing in 2022. On the other hand, the decrease in average prices in Rome should be more significant.

The average square meter rent in Italy in October 2023 declined from the previous month, but was about 0.7 euros more expensive than the same period in 2022. In October 2023, renters paid on average 12.74 euros per square meter for a rental home. However, renting in some of Italy's northern regions, including Aosta Valley, Tuscany, and Lombardy, was much more expensive. City vs. Countryside It is not a secret that rental prices for residential real estate differ hugely between the city and the countryside. In Italy, Milan and Rome are among the most expensive areas for renters. According to data gathered in 2023, some districts of the two cities boasted an average rental price of over 20 euros per square meter. Southern Italy is more affordable In absolute terms, renting a dwelling in cities in southern Italy is more affordable. Even in the most affluent areas, rents in Palermo were not higher than 11 euros per square meter in late 2023. Moreover, in Naples renting a dwelling could cost between seven and 17 euros per square meter.

In 2024, the annual headline rental rate of office space in Rome, Italy, increased year-on-year after stalling in 2020. At 575 euros per square meter, 2024 was the year when office rents reached the highest rate. In comparison, between 2013 and 2016, a square meter of prime office space cost 400 euros per year. Headline rents refer to the rent payable after rent-free periods or incentives, excluding fees and taxes. Across Europe, London, Paris, and Stockholm were the markets with the highest prime headline office rents.

In 2024, a square meter of retail space in Venice cost on average ***** euros, making it the most expensive city in Italy for retailers. The ranking presented in the graph shows that Milan, the Italian fashion capital, came second, with an average price per square meter of ***** euros. When looking at office space, Venice boasted again the highest prices in Italy. In this real estate segment, second in the ranking was Milan, followed by Rome. Residential real estate in Venice Venice is not only the most expensive city in Italy for office and retail spaces, but it also boasts some of the highest prices for residential properties. Residential dwellings on the island can fetch up to ***** euros per square meter, with the most expensive areas being the districts San Marco and Rialto. Renting is not very affordable either: a flat in the two districts can cost up to 20 euros per square meter per month, depending on the neighborhood. Why is Venice so expensive? Space in Venice is limited, and the city island became the victim of its own success. Before the coronavirus pandemic struck, the number of overnight stays in Venice had grown twofold since 2003. The unavailability of space for new constructions and the increasing pressure exerted by tourism pushed prices up in all real estate sectors. Due to many tourists visiting from all over the world, it should not come as a surprise that retailers and investors want to seize the chance to own a space in one of the most famous cities in the world.

Between 2020 and 2022, prices in retail real estate in Italian cities are expected to decrease. However, the annual percentage decrease will lessen with time. Among major Italian cities, the largest price decrease is foreseen to take place in Rome, Turin, and Catania. On the other hand, in Milan the price change between 2020 and 2022 is forecasted to be the lowest. Milan is also the only city where prices are expected to grow in 2022, even though only slightly.

住宅物业价格：平均：罗马在12-01-2022达2,838.376欧元/平方米，相较于12-01-2021的2,748.073欧元/平方米有所增长。住宅物业价格：平均：罗马数据按年更新，12-01-2008至12-01-2022期间平均值为2,932.702欧元/平方米，共15份观测结果。该数据的历史最高值出现于12-01-2008，达3,650.078欧元/平方米，而历史最低值则出现于12-01-2020，为2,672.128欧元/平方米。CEIC提供的住宅物业价格：平均：罗马数据处于定期更新的状态，数据来源于Nomisma，数据归类于全球数据库的意大利 – Table IT.EB003: Residential Property Price。

In October 2023, Milan was by far the most expensive city in Italy to rent a dwelling. In fact, people wishing to rent an apartment or a house in the city were expected to pay almost ** euros per square meters. Following in the ranking, came Florence and Bologna with **** and ** euros per square meter. Rome, the Eternal City, came fifth: renting a dwelling in the Italian capital cost on average **** euros per square meter.

In 2024, Venice was the most expensive city to buy office space in Italy: the average price was 3,791 euros per square meter. According to the ranking, the second most expensive city was Milan, followed by Rome, and Naples. Overall, cities in southern Italy offered lower prices: office space in Catania, for example, cost on average 1,345 euros per square meter. Retail space more expensive than office space According to the same report, published by the Italian Revenue Agency (Agenzia delle Entrate), retail spaces are more expensive than office spaces. For example, one square meter for retail use in Venice cost as much as 4,779 euros in 2024, approximately 1000 euros more than office spaces. In Milan the gap was also similar to the one in Venice. Retailers there could expect to pay on average approximately 4,258 euros per square meter, around 600 euros more than the price asked for office spaces. Milan and Rome are prime locations Due to their population size and their role as the leading economic centers, Milan and Rome are the most well-off cities in the country. Thus, it should not come as a surprise that both cities boast the highest prices in all segments of the real estate market. In 2022, a new dwelling in Milan cost on average 4,214 euros per square meter; one in Rome approximately 3,359 euros per square meter.

The average transaction price for the purchase of new residential properties varied greatly among Italy's major cities in 2020 and 2023. In 2023, Milan had the highest average transaction price for new dwellings of approximately ***** euros per square meter. Rome ranked second with a transaction price of ***** euros per square meter, and Turin following with a ***** euros per square meter price.

Tuscany’s water bills were the highest in Italy: in 2024, an average household spent almost 748 euros on water bills. Two other central regions ranked among the top three most expensive ones: Umbria and Marche. The annual average water bill for an Italian household with a consumption of 192 cubic meters of water was 487 euros, with an increase of 250 euros compared to 2007. Water consumers in Italy Around 40 percent of Italian households did not drink tap water at the beginning of the century. Although this figure decreased in recent years, it still amounted to almost 30 percent in 2023, and the consumption of bottled water did not show signs of decreasing. The water leakage problem In 2020, only about 42 percent of the volume entering the network reached households due to regional water leakage losses in the distribution system. In 2023, about 8.9 percent of the total Italian families complained about water supply disruptions. Southern regions, such as Basilicata and Sicily, were the most affected by this problem.