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 ***** in 2010 to *** in 2021. In 2022, the index increased to almost *** index points, meaning that home prices had risen by about seven percent since 2015 - the base year of the index.

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.

This statistic shows the house price index in Italy from the first quarter 2016 to the second quarter 2020. In the quarter ending June 2020, the house price index increased in comparison to the previous quarter to 102.5 points. This was the first time in the observed time period that it exceded 100.

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.

The average price for properties for sale in Florence, Italy increased steadily between December 2016 and May 2020 after which it experienced significant fluctuation. After declining to ***** euros per square meter in February 2022, the average price of properties for sale in the Italian city increased, reaching its peak in October 2024 at around ***** euros. Florence 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.

Italy's residential real estate market was expected to suffer from COVID-19 for the remaining months of 2020. According to calculations from a "base" scenario, house prices in the Mediterranean country are to decrease by *** percent, with the "hard" scenario mentioning a potential decrease of up to **** percent. The source believes the house price development is closely connected to how the economy in Italy will respond to coronavirus measures. It admits that consumer demands have changed since home quarantine (for example, a growing demand for houses with terraces or balconies), but the source states that prices will rely on whether people are still able to purchase property.

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: 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.

Between December 2017 and October 2024, residential property prices in the Italian city of Venice experienced an overall increase, despite some fluctuations. In May 2020, the average asking price for residential properties was ***** euros per square meter, compared to ***** euros in December 2017. After a period of decline, average residential property prices in Venice started showing a general upward trend in March 2022. As of October 2024, it amounted to ***** euros per square meter. Notably, the average property sales price in Venice was higher than the national average.

Residential Property Price: Average: Padua data was reported at 1,506.388 EUR/sq m in 2022. This records an increase from the previous number of 1,468.255 EUR/sq m for 2021. Residential Property Price: Average: Padua data is updated yearly, averaging 1,543.013 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 2,007.426 EUR/sq m in 2008 and a record low of 1,427.307 EUR/sq m in 2020. Residential Property Price: Average: Padua 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: Bari data was reported at 1,551.115 EUR/sq m in 2022. This records an increase from the previous number of 1,530.278 EUR/sq m for 2021. Italy Residential Property Price: Average: Bari data is updated yearly, averaging 1,661.114 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 2,024.613 EUR/sq m in 2008 and a record low of 1,519.498 EUR/sq m in 2020. Italy Residential Property Price: Average: Bari 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: Turin data was reported at 1,567.227 EUR/sq m in 2022. This records an increase from the previous number of 1,503.520 EUR/sq m for 2021. Italy Residential Property Price: Average: Turin data is updated yearly, averaging 1,614.188 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 1,974.288 EUR/sq m in 2008 and a record low of 1,500.095 EUR/sq m in 2020. Italy Residential Property Price: Average: Turin 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 - Gross value added: Real estate activities was EUR66639.20 Million in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Gross value added: Real estate activities - last updated from the EUROSTAT on December of 2025. Historically, Italy - Gross value added: Real estate activities reached a record high of EUR66639.20 Million in September of 2025 and a record low of EUR51140.90 Million in June of 2020.

Italy Office Real Estate Market size was valued at USD 21.4 Billion in 2024 and is expected to reach USD 26.9 Billion by 2032, growing at a CAGR of 2.9% from 2026 to 2032.

Key Market Drivers

Rising Demand for Sustainable and Green Office Spaces: The need for environmentally efficient office buildings in Italy is driven by the growing emphasis on sustainability. The number of LEED-certified office buildings in Italy increased by 35% between 2020 and 2023, according to the Italian Green Building Council (GBC Italia), indicating a trend toward more energy-efficient offices.

Growth of Flexible Workspaces and Co-Working Demand: Co-working and flexible office spaces are becoming more and more necessary as a result of the move to hybrid work styles.

Italy - Labour cost index: Financial and insurance activities; real estate activities; professional, scientific and technical activities; administrative and support service activities was 5.40 % year-on-year in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Labour cost index: Financial and insurance activities; real estate activities; professional, scientific and technical activities; administrative and support service activities - last updated from the EUROSTAT on December of 2025. Historically, Italy - Labour cost index: Financial and insurance activities; real estate activities; professional, scientific and technical activities; administrative and support service activities reached a record high of 8.50 % year-on-year in June of 2020 and a record low of -5.40 % year-on-year in June of 2021.

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.

Italy - Labour cost index: Real estate activities was 6.00 % year-on-year in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Labour cost index: Real estate activities - last updated from the EUROSTAT on November of 2025. Historically, Italy - Labour cost index: Real estate activities reached a record high of 8.40 % year-on-year in June of 2020 and a record low of -8.50 % year-on-year in March of 2024.

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.

Transactions in the residential real estate sector in Italy have fluctuated since 2005. In the years following the financial crisis (2007 to 2013), the number of transactions in the sector decreased steadily year-on-year. The most significant drop was registered in 2012, when transactions decreased by 25.6 percent compared to the previous year. Starting 2014, the trend began improving and the number of transactions increased steadily. In particular, in 2016, an increase of 18.6 percent was reported. In 2020, under the effects of the coronavirus (COVID-19) pandemic, transactions fell for the firsat time since 2013, by 7.7 percent. 2021 saw the most significant increase since 2005 of 34 percent.

Italy - Compensation of employees: Real estate activities was EUR910.10 Million in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Compensation of employees: Real estate activities - last updated from the EUROSTAT on December of 2025. Historically, Italy - Compensation of employees: Real estate activities reached a record high of EUR910.10 Million in September of 2025 and a record low of EUR484.40 Million in June of 2020.