Rental, pictures of the real estate market in Italy in 2023 - News from Immobiliare.it
Data from the December 2023 report of monthly watchdog Immobiliare.it Insights shows that demand, supply and the average price of rental properties are rising almost everywhere in Italy.
Milan continues to be the most expensive city to rent a home, while the most affordable are Potenza and Campobasso. The average price in Florence and Catanzaro is also increasing.
The strong increase in demand is in the central regions, but supply in the same areas is slowing down. Overall, housing demand increased by 21.8%, while sales demand decreased by 3.8% nationally.
Major cities and smaller urban centers witnessed increased demand, 31.7% and 14.8%, respectively. Growth prevails in industrial cities, such as Florence (78.6%), Rome (69.8%), Naples (65.3%), Trento (67.5%) and Ancona (46.0%), while Milan (0.7%), Catanzaro (5.7%) and Genoa (1.6%) experience a slight decline.
The housing supply is also diverse across the country. For example, in the Northeast region, supply increased by 18.9%, while in the Central region it decreased by 18%.
When it comes to average price, it increased in all macro-regions.
In December 2023, the average price per square meter in Italy is 12.4 euros. Great cities experience larger price increases than smaller cities. The average price is 16.4 euros per square meter in large cities, and 9.7 euros per square meter in small towns. The most expensive cities are Milan (22.3 euros per square meter), Florence (19.9 euros per square meter) and Bologna (17.3 euros per square meter). The least expensive cities are Potenza and Campobasso (6.7 euros per square meter).
Tags
We will find property in Italy for you
- 🔸 Reliable new buildings and ready-made apartments
- 🔸 Without commissions and intermediaries
- 🔸 Online display and remote transaction
Our managers will help you choose a property
Liliya
International Real Estate Consultant
Subscribe to the newsletter from Hatamatata.com!
Subscribe to the newsletter from Hatamatata.com!
Popular Posts
We will find property in Italy for you
- 🔸 Reliable new buildings and ready-made apartments
- 🔸 Without commissions and intermediaries
- 🔸 Online display and remote transaction
Our managers will help you choose a property
Liliya
International Real Estate Consultant
Subscribe to the newsletter from Hatamatata.com!
Subscribe to the newsletter from Hatamatata.com!
I agree to the processing of personal data and confidentiality rules of Hatamatata
Need advice on your situation?
Get a free consultation on purchasing real estate overseas. We’ll discuss your goals, suggest the best strategies and countries, and explain how to complete the purchase step by step. You’ll get clear answers to all your questions about buying, investing, and relocating abroad.
Irina Nikolaeva
Sales Director, HataMatata