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 ***** euros per square meter in December 2016, the average price of a square meter of property increased to ***** euros by October 2024.

The highest average price for residential property in Italy in October 2025 was registered in the region of Trentino South-Tyrol, followed by Liguria and Aosta Valley. 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 ***** euros, over ***** 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 2024, Lombardy registered over 151,000 transactions in the residential real estate segment. Moreover, the total value of these transactions amounted to almost ** 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.

Housing Index in Italy increased to 116.40 points in the second quarter of 2025 from 113.30 points in the first quarter of 2025. This dataset provides - Italy House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Context This dataset was created by web-scraping the house-announcements website Immobiliare Beautiful Soup. It serves as a good exercise in data cleaning and prediction. The goal is to predict house prices using the variables available. It contains both cleaned and raw data (for data cleaning training). My GitHub repository also contains the scripts to rerun automatically scraping and adding the newly available announcements. The dataset will be updated over time so that time-series analysis will be possible in the future.

Context 1 rooms 2 m2 3 bathrooms 4 floor 5 condominium_expenses (in euros) 6 date --> date the announcement is uploaded online 7 contract --> type of contract 8 typology --> type of property 9 total_floors --> floor level 10 availability 11 other_features --> other features written in the announcement in Italian (to be processed) 12 price --> target variable 13 year_of_build 14 condition 15 air_conditioning 16 energy_efficiency --> check here 17 city 18 neighborhood 19 car_parking 20 energy_performance_building 21 housing units 22 start_end_works 23 current_building_use 24 energy_certification 25 co2_emissions 26 elevator 27 floor_level 28 heating_centralized 29 heating_radiator 30 heating_gas 31 air_conditiong_centralized 32 air_conditioning_heat 33 renewable_energy_performance_index_KWh/m2

Italy Residential Property Price: Average: Milan data was reported at 3,337.383 EUR/sq m in 2022. This records an increase from the previous number of 3,151.989 EUR/sq m for 2021. Italy Residential Property Price: Average: Milan data is updated yearly, averaging 3,145.717 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 3,685.646 EUR/sq m in 2008 and a record low of 2,965.630 EUR/sq m in 2017. Italy Residential Property Price: Average: Milan 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.

Milan boasts some of the highest rents for residential real estate in Italy, with prices in the city center exceeding ** euros per square meter in 2024. Similar average prices were also recorded in the areas of Garibaldi, Moscova and Porta Nuova with an average value of about **** euros per square meter. Renting in Italy Despite being much lower than in Milan, the average rental price for residential real estate in the region of Lombardy was among the most expensive in the country. Renting a house in the southern region of Calabria, the cheapest in the country, cost almost three times less per square meter than in Lombardy. On average, renting a house, flat, or residential property in Italy cost approximately ** euros per square meter in October 2023. House purchase in Italy The residential real estate market in Italy has struggled since the financial crisis of 2008. In recent years, however, low prices and low interest rates on mortgage loans have helped keep the sector afloat. In fact, the number of transactions has increased steadily since 2013, including purchases for investment, especially in cities.

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).

Discover the booming Italian office real estate market! Our analysis reveals a CAGR exceeding 5% through 2033, driven by economic growth and flexible workspace trends. Learn about key players, regional trends, and investment opportunities in Rome, Milan, and other major cities. Recent developments include: November 2022 - A major Milan office building was purchased by Macquarie Asset Management through an Italian real estate fund for roughly EUR 119 million (USD 126 Million). It has been an active participant in the Italian real estate market for a number of years, and it has now added this historic house to its portfolio of properties in the region. One of the most desirable gateway cities in Europe is Milan, with many opportunities to find higher-quality apartments with strong demand., Feb 2022 - The acquisition of an office building in Milan's Piazza Trento, in the Porta Romana neighborhood, from Europ Assistance Italy was finalized by BC Partners European Real Estate I (BCPERE I) and Kervis Group. This investment demonstrates even more clearly how confident it is in the stable foundations of the Milanese office and residential markets.. Key drivers for this market are: Increasing geriatric population, Growing cases of chronic disease among senior citizens. Potential restraints include: High cost of elderly care services, Lack of skilled staff. Notable trends are: Occupier and Investment Focus in Milan.

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..

In 2021, the investment volume in the commercial real estate market in Milan, Italy was approximately *** billion euros, down from *** billion in 2020. While investment volumes decreased, they still exceeded the ten-year average values.

The coronavirus (COVID-19) pandemic had a major impact on the commercial real estate sector, affecting investment activity across most countries in Europe.

Discover the booming Italian real estate market! This in-depth analysis reveals key trends, growth forecasts (CAGR >5%), investment opportunities, and leading companies in Rome, Milan, Venice & more. Explore market segments, regional data, and future projections for 2025-2033. 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.. Key drivers for this market are: Rapid urbanization, Government initiatives. Potential restraints include: High property prices, Regulatory challenges. Notable trends are: Increase in Residential Properties across the Italy due to Less Mortgage Rates.

This statistic presents the average price for used or to be renovated luxury residential properties in selected areas of Milan as of the first half of 2018. According to the data, the highest price for used or to be renovated luxury residential properties in Milan was found in the Quadrilatero della moda area (also known as Via Montenapoleone fashion district), a high-class shopping district in the centre of the city where the average price amounted to ** thousand euros per square meter.

Mortgage interest rates in Italy decreased substantially between 2013 and 2021 before rising in the following years. As of the fourth quarter of 2024, the mortgage interest rates amounted to 3.11 percent — lower than the rate in the same period in the previous year. A slowly recovering market Despite not reaching the pre-crisis levels, an increase in the number of transactions in the residential real estate market as well as the volume of mortgages stipulated for house purchase indicate a positive trend for the sector in Italy. Homeownership in Italy reached 73.7 percent in 2021, one of the highest rates in Western Europe. Low interest rates, especially when compared to other European countries, and decreasing house prices led to a renewed interest in the real estate market in Italy. Milan, an attractive destination for investments In recent years, more than in the past, 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. This ability to grow and innovate was also reflected in the real estate market, which was the most dynamic in the country. Transactions in residential real estate in Milan increased steadily since 2012, except for 2020, and so did prices: some areas of the city are among the most expensive in the country to buy a property.

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.

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.

Mortgage interest rates in Italy decreased substantially between 2013 and 2021 before rising in the following years. As of the first quarter of 2025, the mortgage interest rates amounted to **** percent — lower than the rate in the same period in the previous year. A slowly recovering market Despite not reaching the pre-crisis levels, an increase in the number of transactions in the residential real estate market as well as the volume of mortgages stipulated for house purchase indicate a positive trend for the sector in Italy. Homeownership in Italy reached **** percent in 2021, one of the highest rates in Western Europe. Low interest rates, especially when compared to other European countries, and decreasing house prices led to a renewed interest in the real estate market in Italy. Milan, an attractive destination for investments In recent years, more than in the past, 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. This ability to grow and innovate was also reflected in the real estate market, which was the most dynamic in the country. Transactions in residential real estate in Milan increased steadily since 2012, except for 2020, and so did prices: some areas of the city are among the most expensive in the country to buy a property.

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 ********* and ************* (the figures refer to the last trading day of the month), the market capitalization of Italian companies active in the real estate sector listed on the Milan Stock Exchange experienced a dramatic decrease. In fact, it started at around *** billion euros as of ********* and closed at around *** million euros as of *************. Market capitalization of companies in this sector peaked in **********, when it reached nearly *** billion euros.

In 2023, Milan was the only Italian city which experienced a notable increase in the price of office real estate. In Naples, prices rose by almost *** percent from the previous year. In all other major Italian cities, prices saw mild growth or decline. Office prices increased slightly in Turin, Palermo, Naples, and Bologna, by between *** and *** percent. At the other end of the spectrum were Rome and Verona, where prices fell by **** and *** percent, respectively.

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.