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 ***** euros, nearly ***** 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 ** 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.

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.

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).

The number of transactions in the residential real estate market in Italy decreased in 2023, after a slight surge the year before. With ******* 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 *** 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 ** 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 ******* euros.

The Italy Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by City (Milan, Rome and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

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.

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.

The Italy real estate market reached around USD 10.14 Trillion in 2024. The market is projected to grow at a CAGR of 0.90% between 2025 and 2034 to reach nearly USD 11.09 Trillion by 2034.

Graph and download economic data for Real Residential Property Prices for Italy (QITR628BIS) from Q1 1947 to Q2 2025 about Italy, residential, HPI, housing, real, price index, indexes, and price.

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.

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 ****** 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 ** 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.

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.

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.

Italy Logistics Real Estate Market is valued at USD 8.5 billion, driven by e-commerce growth and infrastructure investments, with warehouses and e-commerce sectors leading segmentation.

The Italian condominiums and apartments market, encompassing key cities like Rome, Milan, Venice, and Florence, exhibits robust growth potential. With a market size exceeding €XX million in 2025 (exact figure unavailable but estimated based on provided CAGR and industry benchmarks), the sector is projected to maintain a Compound Annual Growth Rate (CAGR) of over 6.5% from 2025 to 2033. This sustained expansion is fueled by several factors. Increasing urbanization in major Italian cities drives demand for both residential and investment properties. A growing tourism sector, particularly in popular destinations like Venice and Florence, further boosts demand for short-term rental apartments and condominium units. Furthermore, favorable government policies aimed at stimulating the real estate market and encouraging renovation projects contribute to positive market momentum. However, challenges remain. The high cost of construction materials and labor, coupled with stringent building regulations, could potentially restrain market growth. The availability of affordable financing options and addressing concerns around property taxes will also be crucial for sustainable development. Major players like Facile Ristrutturare SPA, Impresa Tonon SPA, and others are key contributors to the market's dynamism through their construction and renovation activities. The segmentation of the market, geographically focused on major cities like Rome, Milan, Venice and Florence, highlights regional variations in growth trajectory. Areas with higher tourist activity and robust economic performance will likely witness faster expansion. Analyzing historical data (2019-2024) along with current market dynamics and industry reports will provide more precise insights for accurate forecasting. Given the positive CAGR and underlying drivers, the Italian condominium and apartment market is expected to remain a significant contributor to the nation's economy, presenting attractive opportunities for both developers and investors. Strategic focus on sustainable development practices and addressing regulatory challenges will be essential for maximizing long-term market success. 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..

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Graph and download economic data for Real Residential Property Prices for Italy (QITR368BIS) from Q1 1948 to Q1 2025 about Italy, residential, housing, real, and price.

This statistic presents the value of foreign investment in the real estate sector in Italy as of the first half of 2020, by origin of investment. According to the data, the majority of foreign investment in the Italian real estate market came from Germany (***** billion euros), followed by investments from the United Kingdom (***** billion euros).

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.

Graph and download economic data for Residential Property Prices for Italy (QITN628BIS) from Q1 1927 to Q2 2025 about Italy, residential, HPI, housing, price index, indexes, and price.