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.

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 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 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.

Graph and download economic data for Real Residential Property Prices for Italy (QITR628BIS) from Q1 1947 to Q4 2024 about Italy, residential, HPI, housing, real, price index, indexes, and price.

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.

Residential Property Prices in Italy increased 4.51 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Italy Residential Property Prices.

The Italy real estate market size reached USD 10.2 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.3 Trillion by 2033, exhibiting a growth rate (CAGR) of 1.1% during 2025-2033. 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 2025-2033. Our report has categorized the market based on property, business, and mode.

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 number of transactions in the residential real estate market in Italy decreased in 2023, after a slight surge the year before. With 709,591 property sales, 2023 saw one of the highest transaction activity during the observation period. When looking at regional figures, Lombardy accounted for almost one in four transactions in the residential real estate sector. Impact of the coronavirus pandemic on the market During the coronavirus pandemic, the market contracted, with the number of transactions falling by 7.7 percent. That was followed by home sales surging in 2021, by more than one third. The market slowed down in 2022, but all regions, except for Emilia Romagna, recorded an increase in terms of transactions value. When looking at absolute numbers, Lombardy performed the best: the transactions’ value in the residential real estate sector in the region amounted to approximately 31 billion euros. Lazio, Liguria, and Tuscany: the most expensive regions Lombardy might be leading in terms of total transactions value, but it is not the region with the most valuable residential properties. In fact, calculations about the average price of transactions in the sector reveal that Tuscany, Lazio and Aosta Valley have the most expensive properties in Italy. In 2023, all three regions registered an average transaction value of about 195,000 euros.

The Italy condominiums and apartments market, encompassing major cities like Rome, Milan, Venice, and Florence, exhibits robust growth potential. With a current market size exceeding €XX million (exact figure requires additional data, but a logical estimate based on similar markets and the provided CAGR would be in the billions), a Compound Annual Growth Rate (CAGR) exceeding 6.50% suggests a significant expansion over the forecast period (2025-2033). This growth is fueled by several key drivers. Increasing urbanization and population density in Italy's major cities are creating higher demand for residential properties. Furthermore, the tourism sector's continued strength in cities like Venice and Florence boosts investment in apartment rentals and short-term accommodations, contributing to market expansion. Government initiatives aimed at improving housing affordability and infrastructure development also contribute positively. However, the market also faces challenges. Stringent building regulations and lengthy approval processes can sometimes hinder development speed. Fluctuations in the Italian economy and potential increases in interest rates might impact investor confidence and affordability. Market segmentation reveals that Rome, Milan, and Venice likely hold the largest market shares due to population size and tourism appeal, while Florence and other cities contribute significantly. Leading companies like Facile Ristrutturare SPA, Impresa Tonon SPA, and others play a crucial role in construction and renovation, shaping market dynamics. The forecast period of 2025-2033 offers considerable opportunities. The continued influx of both domestic and international investors, driven by the attractive rental yields in prime locations, suggests a sustainable market expansion. Strategic partnerships between developers and property management companies are emerging, streamlining processes and enhancing service delivery. The market's future resilience is expected to be robust, yet proactive adaptation to economic shifts and regulatory updates is crucial for sustained growth. This involves focusing on sustainable construction practices and innovative design to meet evolving buyer preferences for energy-efficient and technologically advanced housing. Analyzing historical data from 2019-2024, in conjunction with current market trends, allows for more accurate future projections, ensuring a robust understanding of the market’s trajectory. 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 2023, the Italy Real Estate Market reached a value of USD 241.2 million, and it is projected to surge to USD 494.6 million by 2030.

In 2024, Milan boasted some of the most expensive residential real estate properties in the country. A ranking of the priciest districts of the city for residential properties showed that home buyers could expect to pay on average close to 10,780 euros per square meter in the district Centro (historical city center). In Milan, renting a dwelling also comes at a cost. The rental price in the same area amounted to nearly 31 euros per square meter in 2024. Milan, an attractive destination Milan is one of the most dynamic Italian cities. In recent years, the city was able to create jobs and expand investments in many sectors, attracting capital and talent both from Italy and from foreign countries. This growth was reflected also in the real estate market, which has proved to be the most dynamic in the country in recent years. Transactions in residential real estate in Milan increased steadily since 2012. Moreover, Milan was one of the most popular cities in Italy for residential property purchase as an investment. More tourists after Expo 2015 Hosting the Expo 2015 was a brave bet for the city. Thanks to public and private investments, Milan could carry out much-needed projects in terms of infrastructure and regeneration of some central areas of the city. In this sense, Expo 2015 also allowed the city to place itself on the map of the most popular tourist destinations in Europe and left a positive effect on the city’s tourism fluxes. International visitors have increased steadily since it was announced that the city would be the host of the global event, and continued to do so also in the years following the Expo.

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 real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Italy was forecast to continuously increase between 2024 and 2029 by in total 8.2 billion U.S. dollars (+14.25 percent). After the sixth consecutive increasing year, the real estate transaction value is estimated to reach 65.74 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the real estate transaction value in countries and regions like the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in the world and the real estate transaction value in the real estate market in Uruguay. The Statista Market Insights cover a broad range of additional markets.

Italy - House price index was 3.90% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - House price index - last updated from the EUROSTAT on June of 2025. Historically, Italy - House price index reached a record high of 5.20% in June of 2022 and a record low of -7.10% in March of 2013.

The Italian real estate market, valued at approximately €XX million in 2025, exhibits robust growth potential, driven by a compound annual growth rate (CAGR) exceeding 5% through 2033. This expansion is fueled by several key factors. Increased tourism and a growing luxury market, particularly in renowned cities like Rome, Florence, and Venice, significantly contribute to demand. Furthermore, a rising influx of foreign investors seeking high-quality properties and the increasing popularity of Italian lifestyle contribute to the market's dynamism. The market is segmented into villas and landed houses, apartments and condominiums, further differentiated geographically across major Italian cities and other regions. While the luxury segment commands significant attention, the broader market reflects diverse needs and price points, catering to both domestic and international buyers. Potential constraints to growth include economic uncertainties and fluctuating government regulations influencing property investment. However, the overall outlook remains positive, projecting sustained growth driven by the enduring appeal of Italian real estate and increasing global interest. The major players in the Italian real estate market, including Christie's International Real Estate, Sotheby's International Realty, and numerous local agencies, are well-positioned to capitalize on this expansion. The regional distribution of investment reflects global interest, with North America, Europe, and the Asia-Pacific region showing significant participation. Future growth is anticipated to be influenced by broader economic conditions, shifts in investor sentiment, and infrastructural developments. Continuous monitoring of these factors will be crucial for accurate market forecasting. Maintaining a competitive landscape, along with innovative marketing strategies and property management solutions, will likely determine success within this dynamic sector. The overall market shows considerable resilience and potential for substantial expansion over the next decade. 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.

The Italy manufactured homes market is experiencing robust growth, fueled by several key factors. The market's Compound Annual Growth Rate (CAGR) exceeding 5% from 2019 to 2024 indicates a sustained upward trajectory. This growth is driven by increasing demand for affordable housing solutions, particularly in urban areas facing housing shortages and rising real estate prices. The preference for faster construction times and eco-friendly building materials further contributes to the market's expansion. The segmentation of the market into single-family and multi-family units reflects diverse consumer needs, with single-family homes likely dominating the market share due to prevalent family structures in Italy. Government initiatives promoting sustainable housing and efficient construction methods could also positively impact market growth. The presence of several established players like RI Group, Prefab SRL, and MB Modular Buildings, alongside smaller, specialized companies, indicates a competitive yet dynamic landscape. However, potential restraints include regulatory hurdles related to building codes and land availability, which could slightly impede market expansion. Despite these challenges, the overall market outlook remains positive, with considerable potential for growth over the forecast period (2025-2033). The significant players operating within the Italian manufactured homes market are actively shaping its evolution. Competition among established companies and innovative startups alike fosters innovation and drives down costs, making manufactured homes more accessible. Strategic partnerships and collaborations within the industry are likely to further enhance the market's overall efficiency and product quality. Moreover, technological advancements in prefabrication techniques and materials science are expected to improve the quality, durability, and energy efficiency of manufactured homes, attracting environmentally conscious buyers. Future growth will likely be spurred by a continued focus on addressing housing affordability challenges in Italy, along with ongoing developments in construction technologies and policy support for sustainable building practices. The next decade promises considerable expansion for this sector within the Italian economy. Recent developments include: October 2022 - Mask Architects, based in Sardinia, Perugia, and Istanbul, designed the world's first "Exosteel" mother nature modular prefabricated living houses in Orani, Sardinia, Italy, led by Znur Pinar er and Danilo Petta. The "Mother Nature" project, designed for Nivola Museum visitors, tourists, and artists in Orani, consists of 14 modular houses. The house is made up of several organic branches that support the three floors of the building and a hollow central column that is inserted into the ground for one-third of its length., May 2022 - Capreon purchased a development site on the north side of Milan's inner ring. The new joint venture with Finanziaria Immobiliare D'Este (FIDE) plans to build 40 high-end apartments and commercial space. Work is expected to begin in early 2023. In response to the city's high demand for Class A residential units, the JV seeks to identify opportunities to regenerate metropolitan Milan, by prioritizing ESG considerations to deliver energy-efficient, modern, and high-quality residences.. Notable trends are: Increasing Residential Real Estate Prices Demanding More Manufactured Homes Construction.

The Italian manufactured homes market, valued at approximately €[Estimate based on Market Size XX and Value Unit Million; Let's assume XX = 150 for example purposes. This would need to be replaced with the actual value.] million in 2025, exhibits robust growth potential, projected to expand at a CAGR exceeding 5% from 2025 to 2033. Several factors fuel this expansion. Increased demand for affordable housing, particularly in urban areas facing housing shortages and rising property prices, significantly boosts the market. Furthermore, the rising popularity of sustainable and eco-friendly building practices aligns perfectly with the environmentally conscious design and faster construction times associated with manufactured homes. Government initiatives promoting sustainable housing solutions and energy efficiency further incentivize adoption. The market is segmented by type, encompassing single-family and multi-family units, with single-family homes currently dominating. Key players, including A-FOLD partners, Corimec Italiana SpA, and others, are actively driving innovation and expanding their product portfolios to meet diverse consumer needs and preferences. The market's success also hinges on effective addressing potential challenges, such as navigating complex building regulations and fostering wider public acceptance of manufactured homes as a viable and desirable housing option. The forecast period (2025-2033) anticipates sustained growth driven by ongoing urbanization and the ongoing appeal of eco-conscious housing options. While challenges like regulatory hurdles and potential material cost fluctuations exist, the market's inherent advantages—speed of construction, cost-effectiveness, and customizable designs—are likely to outweigh these obstacles. The increasing sophistication of manufactured home designs, incorporating modern aesthetics and advanced technologies, is also expected to attract a broader range of buyers. Regional variations within Italy may exist, with demand potentially higher in specific regions based on local economic conditions and housing market dynamics. Further research would be beneficial to identify and analyze these regional discrepancies more precisely. Recent developments include: October 2022 - Mask Architects, based in Sardinia, Perugia, and Istanbul, designed the world's first "Exosteel" mother nature modular prefabricated living houses in Orani, Sardinia, Italy, led by Znur Pinar er and Danilo Petta. The "Mother Nature" project, designed for Nivola Museum visitors, tourists, and artists in Orani, consists of 14 modular houses. The house is made up of several organic branches that support the three floors of the building and a hollow central column that is inserted into the ground for one-third of its length., May 2022 - Capreon purchased a development site on the north side of Milan's inner ring. The new joint venture with Finanziaria Immobiliare D'Este (FIDE) plans to build 40 high-end apartments and commercial space. Work is expected to begin in early 2023. In response to the city's high demand for Class A residential units, the JV seeks to identify opportunities to regenerate metropolitan Milan, by prioritizing ESG considerations to deliver energy-efficient, modern, and high-quality residences.. Key drivers for this market are: The Rise in e-commerce and digitalization. Potential restraints include: The Complexity of regulations and property ownership. Notable trends are: Increasing Residential Real Estate Prices Demanding More Manufactured Homes Construction.

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.