Autumn in real estate: Bologna leads the decline in the number of transactions in Italy

Осень в сфере недвижимости: Болонья лидирует по снижению количества сделок в Италии

In Italy September and December 2023 real estate transactions are expected to decrease by 8% year-on-year. According to data provided by Reopla, Milan is expected to have the highest number of transactions, about 10,920, twice as many as Rome (4,813) and Turin (4,041). This is followed by Bari (3,396), Bologna (2,386), Genoa (2,199) and Naples (2,051). According to an analysis of real estate transactions in Italy in the fourth quarter of 2011-2023, it is expected that this fall a decline of 8% in the number of transactions will be registered throughout the country and especially in the major cities.

Detailed report "Real estate transactions in Italy: forecasts for the end of 2023 "

Developed by Reopla, a company specialized in big data analysis and real estate software development. The analysis was conducted using AgentPricing, the most popular online real estate valuation system in Italy used by real estate agencies (Source: OID 2021). Reopla allows its users to offer more objective and professional valuations to their seller clients.

After the pandemic, real estate has become popular in Italy, with the number of transactions increasing from 558,000 in 2020 to 784,000 in 2022.

Sale penthouse in Rome 2 584 615,00 $

Italy,Rome

3 Bedrooms

2 Bathrooms

180 м²

Sale flat in Bologna 1 615 382,00 $

Italy,Bologna

9 Bedrooms

3 Bathrooms

384 м²

Sale villa in Lipari 3 756 570,00 $

Italy,Lipari

8 Bedrooms

7 Bathrooms

700 м²

Sale flat in Milan 2 827 494,00 $

Italy,Milan

4 Bedrooms

3 Bathrooms

274.99 м²

Sale flat in Milan 422 864,00 $

Italy,Milan

2 Bedrooms

1 Bathroom

64 м²

Sale office in Milan 63 015,00 $

Spain,Milan

3 Bedrooms

75 м²

In 2023, despite a slight increase in interest rates, demand for real estate will continue to decline due to inflation and rising interest rates on loans. In the last quarter of the year, the number of transactions is expected to decline by 8% nationwide and especially in major cities. Milan is expected to have the highest number of transactions in fall 2023 at 10,920. In Rome, more real estate is bought and sold in the province than in the city. Bologna is expected to see the largest decrease in the number of transactions, 14%, in both the city and the province. Bari is also expected to see a 13% year-on-year decline. Overall, the real estate market situation in Italy is expected to be challenging next year.