Italy's most affordable neighborhoods to buy a home right now

July 26, 2023, Editorial The latest report shows that the average price of a second-hand home in May 2023 is 1,858 euro/m2 (+1.9% year-on-year). This figure comes in a context in which both inflation and mortgage interest rates are rising, making it more difficult for Italian households to buy real estate in Italy.

For this purpose, idealist/news has prepared a table highlighting areas where values are below the national average.

The cheapest neighborhoods to buy a house in Italy at the moment:

• San Cristoforo in Catania (€668.87/m2, +0.3% YoY)
• Villagrazia in Palermo (702.40 euro/m2, -26.5% YoY)
• Angela Custodi-Porto in Catania (€740.70/m2, -14.9% YoY)

Areas where housing prices do not exceed 1,000 euro/m2:

• Palermo - Chaculi-Croce Verde (759.80 euro/m2)
• Alessandria - Borgo Rovereto (774.70 euro/m2)
• Catania - Fortino-Aquichella (807.33 euro/m2)
• Catania - San Leone (812.47 euro/m2)
• Catania - Villaggio Sant'Agata-Cia Lisa (814.81 euro/m2)
• Palermo - Altarello (€850.43/m²)
• Alexandria - Galimberti (863.64 euros/m2)
• Alexandria - Runway (868.17 euros/m2)
• Alessandria - the area of Genoa Square (881.70 euros/m2)
• Catania - Curia (€883.21/m²)
• Catania - Cappuccini-Ferrarotto (897.05 euros/m2)
• Alexandria - Europe (€901.13/m²)
• Genoa - Rivarolo-Certosa (€902.35/m²)
• Palermo - Brancaccio-Conti Federico (€943.96/m²)
• Alexandria - the area of Garibaldi Square (945.66 euros/m2)
• Genoa - San Quirico-Pontedecimo (948.68 euros/m2)
• Genoa - Sampierdarena Alta (€957.48/m²)
• Alexandria - Orti (985.73 euros/m2)
• Turin - Barrier of Milan (991.48 euros/m2)
• Palermo - Zisa (994.19 euros/m2)
• Palermo - Rochella-Acqua dei Corsari (999.15 euros/m2)
• Palermo - Oreto-Peres (1000 euros/m2)

The situation in the main markets:

Scrolling through the list of the cheapest areas to buy a house, the first area among major cities is the Galeria district in Rome, with an average price of €1185.27/m². Another area that is below the Italian average is San Giovanni a Teduccio in Naples (€1282.337/m²). Also in the south is the Libertà district in Bari (€1461.96/m²).