How many years of salary is needed to buy a 100 square meter house in Italy?

July 18, 2023, Editorial. How many years do you have to work to buy a house inMilan? How many inRome, Florence or Bolzano? A survey conducted from April 11 to April 18, 2023 by Ener2Crowd.com, an Italian crowdfunding platform for environmental and energy lending, looked at the average time needed to buy a property, taking into account new parameters that show a worse situation than expected. Let's find out in which city you need to work the longest to buy a house.

Buying a house with an unstable contract puts young people in an uncomfortable position. The study, based on Istat data, analyzed in detail the situation in 107 cities, calculating the ability to save, the average real estate prices in March 2023 and the average time needed to buy a property of 100 square meters.

How many years do you have to work to buy a house.

Analyzing the number of years of salary needed to buy a house in different Italian cities, inMilan it would take as much as 50.3 years, even more in Lucca (51.3 years), Savona (55.6 years) and Bolzano (63.1 years). These very long periods are related to the current labor market, low and variable earnings, also in Florence (49.3 years), Sassari (49.1 years), Imperia (48.3 years), Grosseto (46.6 years), Rimini (44.5 years), Rome and Aosta (43.7 years in both cities). The time is relatively long even in cities where property prices are much more affordable, such as Biella (60,900 euros) or Caltanissetta (69,200 euros), where 9.6 and 12.4 years would be required respectively.

Areas where buying a home takes the longest time.

On average, a 50-year salary is required to buy a house in Trentino Alto Adige, which is roughly in line with Valle d'Aosta (43.7 years) andTuscany (40.7 years). Also in the top 5 are Liguria and Lazio, where it will take respectively 40.4 and 39.7 years of salary to buy a house, while Lombardy ranks sixth with 33.6 years, after Sardinia (39.4 years).