Matteone at a standstill: a map of prices per square meter.

set by the European Central Bank (9 increases in total), has led to an increase in the cost of credit facilities. The ECB's goal is to put the brakes on inflation. However, the rate hikes have made loan and mortgage payments, especially variable rate loans, even more expensive. This has hit not only families but also small and medium-sized businesses, which have had their access to credit partially reduced.

Seasonality is certainly also having an impact on demand for July 2023 real estate nationwide, down 3.4% for the month. The decline in demand is mainly seen in large cities, with -5.3% compared to -1.2% in cities with a population of less than 250,000. In terms of geographic areas, the Northwest and Center' saw the largest declines in housing demand in July 'countries: respectively -5% and -4.4%. In Milan, demand was down 7% in July 2023 and in Rome -5.9%. We look forward to September with a full return after the vacations to see how the market will develop.

International conjunctures are also exerting their influence on real estate prices.

26 996 $

Italy, Rocklea

91 786 $

Italy, Rocklea

91 786 $

Italy, Rocklea

642 506 $

Italy, Rome

712 696 $

Italy, Rome

591 753 $

Italy, Sanremo

Overall, the real estate sector has slowed down after the post-Covid-19 euphoria. Meanwhile, the lowest mortgage interest rates are seen in the Northern regions.

Italian real estate prices: where is more expensive per square meter

Immobiliare.it Insights lists the 40 cities where the price of real estate per square meter is the highest. In the top we see Milan (5,270 euros/square meter), Bolzano (4,738 euros/square meter) and Florence (4,117 euros/square meter). This is a confirmation of the results of a study carried out in' 'June. The capital takes only fifth place. With prices above 3000 euros per square meter we find Bologna, Rome and Venice. Below is an excerpt from the ranking: Milan - 5270 euros, Bolzano - 4738 euros, Florence - 4117 euros, Bologna - 3384 euros, Rome - 3336 euros, Venice - 3021 euros, Siena - 2981 euros, Trento - 2975 euros, Rimini - 2763 euros, Naples - 2760 euros, Como - €2687, Monza - €2642, Salerno - €2629, Pisa - €2,550, Massa - €2,544, Verona - €2,468, Treviso - €2,402, Cagliari - €2,401, Bergamo - €2,363, Lucca - €2,353.