Italy's new rental housing supply slump: -8% in Q3

According to Idealista Research, Italy's leading real estate portal, the last quarter saw a new decline in available rental housing compared to the same period of the previous year. The number of affordable units fell by 8% to 85,804 units. Compared to the pre-pandemic period, the third quarter of 2019, the drop was an even more significant 43%. This indicates a significant reduction in the supply of rental housing in recent years.

Different key areas of the Italian rental housing market have seen significant changes in the supply of homes for rent. Leading Italian cities showed different trends: Florence, Naples and Rome had significant''reductions of 44%, 43% and 41% respectively. Even cities such as Genoa and Turin showed significant decreases of 36% and 26% compared to the previous year.

Analyzing the main cities of the province, it can be seen that Siena experienced the largest decrease in supply with a drop of 49%. At the same time, cities such as Ragusa (60%), Agrigento (46%) and Ravenna (42%) showed a significant increase in the supply of rental housing, emphasizing the upward trend in these specific areas.

These data reveal a picture in which different Italian cities are experiencing significant changes in the supply of rental housing. While some''The downward trend is also seen in more spacious markets such as Florence (-44%) and Naples (-43%), which directly follow the top three provinces. Genoa (-36%), Turin (-26%) and Bologna (-12%) have also seen significant declines in affordable housing. Milan, meanwhile, shows a slight decrease in supply (-1%) compared to the third quarter of 2022.

Ravenna showed a significant increase of 69% in the number of affordable rental dwellings, with notable increases also in Rimini (48%) and Ragusa (43%). Double-digit growth is recorded in 25 provinces, with changes ranging from 36% in Forlì-Cesena to 10% in Modena, Lucca, Isernia, Sassari and Messina.