biggest increaseRents in Italy rise, +13.1% and peak in 26 capitals: highest growth in #Italian cities

biggest rise inRents in Italy are on the rise, +13.1% and reaching a peak in 26 capital cities: highest growth in #Italian cities

The Italian real estate market is going through a period of profound change. Rising prices are attracting the attention of tenants, owners and investors. According to a recent report published by idealista, one of the main real estate portals in Italy, the rental market in the country has grown significantly with prices rising steadily.

The third quarter of 2023 ended with rental prices rising by 1.1%,''In particular, there are significant differences between the different cities. Around 63% of the main Italian capitals reported an increase in rental prices. Major cities such as Turin, Naples, Rome, Milan and Venice have experienced significant increases in rental prices. There are 26 cities that have record prices. In addition to those already mentioned, it is worth noting capitals such as Florence, Monza, Cagliari and others, all with constant price increases. In particular, Naples recorded an increase of 4.8%, Rome 4.7%, Milan 4.2%, Venice 3.7% and so on. It follows that the increasing interest of tenants in these cities is driving up prices.

Situation by provinces

The changes in rental prices in Italian provinces, however, show significant''heterogeneity.

Sale house in Naples 1 761 975,00 $

Italy,Naples

3 Bedrooms

4 Bathrooms

243 м²

Sale villa in Portiman 3 078 620,00 $

Portugal,Portiman

5 Bedrooms

6 Bathrooms

438 м²

Sale flat in Bergamo 242 665,00 $

Italy,Bergamo

1 Bedroom

1 Bathroom

64 м²

Rent house in Naples 39 498,00 $

Italy,Naples

4 Bedrooms

4 Bathrooms

353 м²

Sale flat in Rome 1 261 379,00 $

Italy,Rome

2 Bedrooms

1 Bathroom

121 м²

Sale house in Vittorio Veneto 876 575,00 $

Italy,Vittorio Veneto

4 Bedrooms

1 Bathroom

360 м²

Sondrio and Bolzano are among the provinces that experienced particularly volatile prices after the summer, with significant increases of 29% and 24.6% respectively. At the same time, some provinces experienced significant rent decreases, such as Rimini (-24.1%), Pesaro Urbino (-16.9%) and Isernia (-14.3%). These differences can be attributed to a number of factors, including local supply and demand, seasonality and regional economic dynamics.

Price trends and differences between regions

On a regional level, trends in rental prices are also varied. While most regions saw rental prices rise, some, such as Tuscany, Venice, Marche and Emilia-Romagna, saw quarterly declines of -2.3%,''-4.0%, -9.3% and -10.4%, respectively. On the other hand, Molise ranks first with a significant positive rate of 37.3%, followed by Valle d'Aosta (10.0%) and Abruzzo (8.9%). In general, northern regions tend to have higher rental prices compared to southern regions. For example, Valle d'Aosta (€21.2/m²) is the most expensive region, followed by Lombardy (€18.4/m²) and Tuscany (€17.9/m²). In addition, other regions such as Trentino Alto Adige, Emilia Romagna and Lazio have values above the national average, which is 13.5 euro/m².

What to expect in the future?

In conclusion, the current Italian real estate market is characterized by a constant increase in rental prices with marked differences between regions,