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.

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.

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.

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.

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.

House Price Index YoY in Italy increased to 3.90 percent in the third quarter of 2024 from 2.90 percent in the second quarter of 2024. This dataset includes a chart with historical data for Italy House Price Index YoY.

House price growth in Italy slowed in 2022, falling below one percent in the second quarter of 2023. When adjusted for inflation, house price growth turned negative in the first quarter of 2021. In the third quarter of 2023, the inflation-adjusted year-on-year change in house prices amounted to -3.59 percent.

The House Price Index (HPI) measures the evolution of market prices of all residential properties that are purchased by households (flats, detached houses, terraced houses, and others), regardless if purchased for own-occupancy or as an investment. Over the period of consideration, the House Price Index for existing dwellings in Italy reached the highest level in the second quarter of 2024 at 108.4 and reached its lowest level in the first quarter of 2019 at 96.8. Across the different regions, Trentino South-Tyrol recorded the highest house prices.

The House Price Index (HPI) measures the evolution of market prices of all residential properties that are purchased by households (flats, detached houses, terraced houses, etc.), regardless if bought for own-occupancy or as an investment. The House Price Index for new dwellings in Italy peaked in the second quarter of 2024 at almost 130. Across different regions, Trentino South-Tyrol had the most expensive housing.

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.

The Italy Luxury Residential Real Estate Market Report is Segmented by Type (villas and Landed Houses, Apartments, and Condominiums) and by City (Rome, Venice, Milan, Florence, Naples, and Other Cities). The Report Offers Market Size and Forecasts for the Italy Luxury Residential Real Estate Market in Value (USD) for all the Above Segments.

The Italy real estate market size reached US$ 10.01 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.02 Trillion by 2032, exhibiting a growth rate (CAGR) of 1.12% during 2024-2032. Rapid urbanization, government expenditure on infrastructure development, rising interest by foreign investors, smart city projects, and sustainable development projects represents some of the key factors driving the growth of the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on property, business, and mode.

The house price ratio in Italy declined between 2012 and 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Italy's index score in the second quarter of 2024 amounted to 86.2, meaning that income growth has outpaced house price growth. Most of the countries in the Euro area observed the opposite trend, with house prices having risen at a faster pace than income.

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.

Key information about Italy Nominal Residential Property Price Index Growth

• Italy Nominal Residential Property Price Index Growth was reported at 3.864 % in Sep 2024.
• This records an increase from the previous number of 2.941 % for Jun 2024.
• Italy Nominal Residential Property Price Index Growth data is updated quarterly, averaging 3.840 % from Mar 1928 to Sep 2024, with 387 observations.
• The data reached an all-time high of 360.351 % in Jun 1945 and a record low of -12.046 % in Mar 1950.
• Italy Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Italy's Office Real Estate Market Report is Segmented by Key Cities (Rome, Milan, Naples, Turin, and Other Cities). The Report Offers Market Size and Forecasts for the Italy Office Real Estate Market in Value (USD) for all the Above Segments.

The House Price Index (HPI) for residential real estate in Italy surged in the years after the coronavirus pandemic. Since 2019 the HPI rose, peaking at 112 in the second quarter of 2024. Across the different regions, Trentino South-Tyrol recorded the highest house prices.

Key information about Italy Real Residential Property Price Index Growth

• Italy Real Residential Property Price Index Growth was reported at 2.808 % in Sep 2024.
• This records an increase from the previous number of 2.116 % for Jun 2024.
• Italy Real Residential Property Price Index Growth data is updated quarterly, averaging 0.128 % from Mar 1948 to Sep 2024, with 307 observations.
• The data reached an all-time high of 34.710 % in Jun 1974 and a record low of -8.881 % in Mar 2013.
• Italy Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

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.

Italy Residential Property Price: Average: Venice Land data was reported at 1,300.111 EUR/sq m in 2022. This records a decrease from the previous number of 1,303.590 EUR/sq m for 2021. Italy Residential Property Price: Average: Venice Land data is updated yearly, averaging 1,403.247 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 1,930.835 EUR/sq m in 2008 and a record low of 1,291.416 EUR/sq m in 2020. Italy Residential Property Price: Average: Venice Land 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.