'October - supply of homes increases, demand decreases'

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The real estate market in October 2023 is moving at different speeds. Demand and supply are moving in opposite directions: while both were on the rise in September, demand is down this month (albeit with regional differences), while supply continues to grow, albeit with a slight slowdown. Prices are largely stable. This follows from Immobiliare.it Insights, a monthly observational report of the Italian residential real estate market on the purchase and sale of properties in October 2023.

The supply of houses for sale continues to grow in October

The supply of houses for sale continues to grow in October, following a trend that started back in September, albeit with a slowdown compared to the previous month. While September saw an increase of 9.1% (from'In October the growth stopped at the level of 2.5% (the national average). This time the offer market is pushed by the North-East with the value of 3.9%. The South is also performing well with a 2.8% increase, while the center is up 2.2%. The lowest performance is in the islands, which stopped at 1.7%. There are no significant differences between large cities and small towns: in both cases the growth in offers is more than two percent compared to the previous month.

In examining the supply of real estate in the individual regional capitals, the situation changes

The differences between the main Italian cities are significant. The most significant increase is in Naples, which is up 6.5% on September (but -5.8% on''compared to October 2022). Supply is also increasing in Catanzaro, Bologna, Trieste, Rome, Genoa, Milan, Ancona, Campobasso, Bari, Cagliari, Palermo, Florence, Trento and Perugia. However, the level of offers decreased in Liaquilla, Potenza, Turin, Aosta and Venice.

• Region: Abruzzo, Capital: Liaquilla, Monthly Offer Change: -1.3%

• Region: Basilicata, Capital: Potenza, Monthly Offer Change: -3.4%

• Region: Calabria, Capital: Catanzaro, Monthly supply change: 4.1%

• Region: Campania, Capital: Naples, Monthly supply change: 6.5%

• Region: Emilia-Romagna, Capital: Bologna, Monthly Offer Change: 5.6%

• Region:''Friuli-Venezia Giulia, Capital: Trieste, Monthly Offer Change: 3.2%

• Region: Lazio, Capital: Rome, Monthly Offer Change: 2.9%

• Region: Liguria, Capital: Genoa, Monthly Offer Change: 3.5%

• Region: Lombardy, Capital: Milan, Monthly Offer Change: 3.2%

• Region: Marche, Capital: Ancona, Monthly Offer Change: 3.8%

• Region: Molise, Capital: Campobasso, Monthly Offer Change: 0.6%

• Region: Piedmont, Capital: Turin, Monthly Offer Change: -2.0%

• Region: Puglia, Capital: Bari, Monthly Offer Change: 5.6%

• Region: Sardinia, Capital: Cagliari, Monthly Offer Change:''5.3%

• Region: Sicily, Capital: Palermo, Monthly Offer Change: 5.4%

• Region: Tuscany, Capital: Florence, Monthly Offer Change: 4.8%

• Region: Trentino-Alto Adige, Capital: Trento, Monthly Offer Change: 2.3%

• Region: Umbria, Capital: Perugia, Monthly Offer Change: 3.3%

• Region: Aosta Valley, Capital: Aosta, Monthly Offer Change: -2.1%

• Region: Veneto, Capital: Venice, Monthly Offer Change: -1.7%

Offerings in Naples: neighborhood overview

Looking in more detail at the real estate market in Naples (as we have already mentioned, it is the capital of the region, where the most significant growth has occurred''supply), we are faced with a diverse situation.