The Italian housing market will grow by 3.4% in 2024, and by 5.7% in 2025, such data is provided by Idealista, referring to the report "European Forecast" 2025.
Sales are expected to reach 720,000 units in 2024 and 760,000 units in 2025 (+36% compared to 2020). However, the problem is obvious - more than 90% of transactions are in old houses. The lack of supply pushes up prices for higher-quality real estate that does not require redevelopment.
According to the forecast, housing in general in Italy will rise in price by 3.1%, but in large cities the figures will be higher: Milan 6.9%, Venice 6.5%, Rome 6%, Bergamo 5.2%, Bologna 5.1%, Naples 5%.
Mario Breglia, president of the research center that presented the report, comments on the situation: "There is a lot of interest in our cities, and our economy is strong...But, as for residential real estate, Italy may have a million transactions annually, like France, but we stop at 700 thousand, and this is because France builds 200 thousand housing units a year, and we do not reach even 50 thousand.
The report also notes a positive trend in sales of "second homes", that is, real estate for recreation or renting to tourists. There is a great demand for such facilities both among investors and among those who turn resort apartments into their main place of residence.
Source: Idealista
