House prices: significant increase of 0.9 in November. Find out prices in your city.
compared to the previous month, while all others register an increase, with maximum rates in Lombardy, Campania, Lazio and Basilicata. This trend is observed in the other thirteen regions, with a variation ranging from 1% in Molise to 0.1% in the Aosta Valley. In terms of prices, the most expensive region is Trentino Alto Adige with a price of 2,939 euros per square meter. It is followed by the Aosta Valley, Liguria andTuscany. Lombardy and Lazio have real estate prices above the national average. In contrast, the remaining regions have prices below the national average, ranging from 1,827 euros in Emilia-Romagna to 896 euros in Molise, which confirms its position as the most affordable region to buy a house.
The situation of house prices in the provinces shows a clear''the predominance of growth in 65 provinces, compared to 34 where there is a decrease and 7 where prices remain stable compared to the previous month. The positive trends in the provinces are driven by Matera, Verona, Caltanissetta andMilan. A further 61 zones note price increases in Oristano and Monza Brianza. While the provinces that have decreased prices the most over the period include Trieste, Potenza and Isernia. A further 31 provinces have price decreases in Sondrio and Vicenza. Bolzano is the Italian province with the highest house prices, reaching 4,425 euros per square meter. This is followed byMilan and Lucca, exceeding the national average value in the other 25 provinces, including Savona and Latina. At the other end of the property value list,''In contrast, Rome, Venice and Turin are experiencing a decline in house prices.
Milan maintains its position as the most expensive city to buy a home, followed by Bolzano and Venice. Prices above the national average also exist in the other 40 metropolitan cities, including Florence and Matera. On the opposite side of the real estate value list are Biella, Caltanissetta and Ragusa.
Methodology note: Starting with the second quarter 2022 report, we have updated the price calculation methodology''housing by excluding auction advertisements from the historical sample of idealist (from January 2012 to today). This approach allows us to minimize statistical distortions related to the prices of these ads, which do not reflect the actual demand of the owner, but are the starting price of the auction (value below market value), and ensures maximum accuracy of our report. Since 2021, we have noticed an increase in the number of auction listings on the portal, especially in urban areas, hence the decision to remove such listings before calculation to minimize sampling distortions and provide a more stable and accurate price series. In 2019, idealista has made changes to the calculation methodology to better analyze price changes, especially in smaller''districts. To avoid abrupt changes, the data from 2007 were recalculated with the new methodology. On the recommendation of the idealista/data statistics team, specialized in big data processing and data modeling, we have updated the formula to more accurately indicate the average price: in addition to excluding unusual listings and listings with off-market prices, we calculate the median value instead of the average. With this change, we are improving our index to better reflect the reality of the market and aligning our methodology with methodologies used in other countries for real estate data. Of the property types included in the analysis, residential houses (cottages or settlements) are included, while all property types are excluded,''which remain in our database without user interaction for long periods of time. In addition, starting this month, auction bids have also been excluded. The report is always based on published price offers from idealist advertisers.
The full report can be read at the following link: https://www.idealista.it/sala-stampa/report-prezzo-immobile/
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