biggest increaseRents in Italy rise, +13.1% and peak in 26 capitals: 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 villa in Catanzaro with city view 356 348 $

Italy,Catanzaro

5 Bedrooms

3 Bathrooms

183 м²

Sale flat in Venice with city view 291 557 $

Italy,Venice

3 Bedrooms

2 Bathrooms

87 м²

Sale flat in Venice with city view 766 688 $

Italy,Venice

4 Bedrooms

2 Bathrooms

88 м²

Sale villa in Venice with city view 642 506 $

Italy,Venice

6 Bedrooms

2 Bathrooms

237 м²

Rent flat in Costarainer 4 103 $

Italy,Costarainer

3 Bedrooms

2 Bathrooms

108 м²

Sale penthouse in Sirtory 421 138 $

Italy,Sirtory

2 Bedrooms

1 Bathroom

87 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 asTuscany, 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,