Idealista statistics
In the 3rd quarter of 2024, prices for apartments and houses across the country, according to Idealista, increased by a modest 2.2% year-on-year (adjusted for inflation by 1.5%) and averaged 1,851 euros per sq.m.
In the 2nd quarter of 2024, housing in Italy rose in price by 1.6% (adjusted for inflation by 1.3%).
Housing prices by region
In In Rome, real estate costs an average of 3036 euros per square meter (+0.9% adjusted for inflation compared to the 3rd quarter of 2023).
In Milan,Bolzano andVenice has the most expensive housing in the country: the average cost per square meter currently stands at 4,988 euros, 4,610 euros and 4,529 euros, respectively.
Prices in other cities:
- Turin:1885 euros per sq. m (+2.1% yoy)
- Bologna:3526 euros per sq.m (+2.3% yoy)
- Florence:4157 euros per sq.m (+ 1.9% yoy)
- Naples: 2830 euros per sq. m (+8.6% yoy)
- Palermo:1372 euros (+2.8% YoY)
- Genoa:1411 euros per sq.m (+1.3% yoy)
- Skiing: 1203 euros per sq.m (-0.1% year-on-year)
ISTAT statistics
According to the latest data from the National Institute of Statistics (ISTAT), the overall housing price index increased by 2.94% in the year to the 2nd quarter of 2024 (+2.17% adjusted for inflation).At the same time, real estate in new buildings rose in price by 8.08% (+7.27% adjusted for inflation) year-on-year, and finished real estate by 1.88% (1.12% from adjusted for inflation).
The growth of the index occurred against the background of a slight increase in sales (the annual growth rate in the housing sector in the 2nd quarter of 2024 was +1.2% according to the Observatory of the Real Estate Market owned by the Tax Administration, compared with -7.2% in the previous quarter)», informed ISTAT.
While housing demand remains weak compared to the long-term historical average, "the number of home sales increased both in comparison with the previous quarter and in comparison with the previous year, and the average discount and time on the market were close to the lowest figures since the beginning of the study." According to an analysis of the Italian housing market conducted by Banca D'Italia in the second quarter of 2024 with the participation of 1,564 real estate agents.
Houses for 1 euro
Currently, houses for renovation worth 1 euro are offered in the Italian cities: Ollolai (Sardinia), Sambuca (Sicily), Cantiano (Marche), Mussomeli (Sicily), Zungoli (Campania), Gangi (Sicily), Bivona (Sicily), Cammarata (Sicily), Borgomezzavalle (Piedmont), Nulvi (Sardinia), Fabricie di Vergemoli (Tuscany), Oyache (Valle d'Aosta), Troina (Sicily), Delia (Sicily), Taranto (Apulia) and Cinquefrondi (Calabria).
In 2024, new municipalities joined the "Housing for 1 euro" program, including the Sicilian city of Caltagirone, a UNESCO World Heritage Site, the Sicilian municipality of Troina and the village of Cattolica Eraclea in the province of Agrigento.
Rental yield
In Italy, in the 3rd quarter of 2024, gross rental yield averages 7.04%, which is slightly lower than in the 1st quarter of 2024 (7.67%) and in the 3rd quarter of 2023 (7.49%), according to a study by the Global Property Guide.>
Source: Global Property Guide
