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.

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).

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.

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 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.

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.

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.

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.

Discover the booming Italian real estate market! Our in-depth analysis reveals a CAGR exceeding 5%, driven by luxury demand, tourism, and foreign investment. Explore market segments, key players, and future growth projections for Italy's vibrant property sector. Invest wisely with our insights on villas, apartments, and prime locations like Rome, Florence, and Venice. 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.

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.

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.

Selling prices for residential real estate in the city of Florence in Italy show significant differences depending on the area. In fact, in ************, residential properties in districts like Michelangelo, Porta Romana, Oltrarno (all located on the other side of the river Arno compared to the historical city center) cost roughly ***** euros per square meter. By contrast, areas like Firenze Sud and L’Isolotto, both relatively far from the city center, recorded an average selling price of ***** and ***** euros per square meter, respectively.  Residential real estate in Florence compared to other major Italian cities   The residential real estate market in Florence seems to be doing well. Selling prices for residential properties increased overall in the last few years, exceeding ***** euros per square meter in ************. In comparison, Florence's prices are between Rome's and Milan's averages. Residential properties in Rome, for instance, registered an average price of ***** euros per square meter. Office space in Italian cities  Due to more and more people moving to the cities, especially young graduates looking to start a new career, office space is also very in-demand in major cities around the world. Italy is no exception. This trend led to an increase in the price for office spaces in the north of the country. A few examples? An office in Venice can fetch on average ***** euros per square meter. Setting up a workspace in Rome and Milan seems to be cheaper. In the two major Italian cities office space cost on average approximately ************** euros per square meter.

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.

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.

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..

Comprehensive real estate market data and investment metrics for Italy

The number of mortgage-financed purchases of dwellings in the residential real estate market in North-West Italy was over 101,000 in 2024. In comparison, Central Italy only had about 61,000 mortgage loans for house purchases stipulated. The islands had over 20,600 mortgage-financed purchases of dwellings which was the lowest number by macro-region in 2024.

House prices in the historical center of Rome were, unsurprisingly, the highest in the whole city. Indeed, residential properties in the city center could fetch on average ***** euros per square meter. This figure is more than double the average price for a residential property recorded in the entire city. Pricey districts in Italy Rome is not the only city in Italy where many people would want to live, with fancy and attractive districts. In fact, Milan is the city that boasts the districts with the highest prices in the country. Furthermore, the districts of San Marco and Rialto in Venice are also very on demand: a residential property in the most central areas of the city island cost over ***** euros per square meter. Residential real estate in Italy House prices in Italy decreased steadily since 2012, and so did interest rates on new mortgage loans. These favorable conditions brought new life to the residential real estate market in the country. The number of transactions increased steadily after reaching an all-time low in 2013. Moreover, low prices in many Italian cities attract individuals interested in purchasing residential real estate for investment.

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.