In how many years can you 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 18, 2023 by Ener2Crowd.com, an Italian crowdfunding platform and app specialized in environmental and energy issues, investigated 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'll have to work more years to buy a house.

Buying a house with an unstable contract is giving young people a hard time. The study, based on Istat data, analyzed in detail the situation in 107 cities, calculating the possibility of saving, the average real estate prices in March 2023 and the average time needed to buy a property of 100 square meters. The result showed that while in the past, even a factory worker with an average salary of 50,000 lira per month could afford to buy an apartment in a central neighborhood in about 20 years, today it will take him at least 40 years.

How many years of salary do you need to put aside to buy a house? Analyzing the number of years needed to buy a house in different Italian cities, in Milan it will take as much as 50.3 years, and in Lucca (51.3 years), Savona (55.6 years) and Bolzano (63.1 years) even longer. These very long terms are related to the current labor market and low and volatile salaries, just as in Florence (49.3 years), Sassari (49.1 years), Imperia (48.3 years), Grosseto (46.6 years), Rimini (44.5 years), Rome and Ostava (43.7 years in both cities). Relatively long terms are characterized even by 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 are required respectively.

Regions where buying a house takes the longest time. According to the average regional data, buying a house in Trentino Alto Adige will take time equal to 50 years of salary, which is roughly in line with the results for Val d'Aosta (43.7 years) andTuscany (40.7 years). Also in the top 5 are Liguria and Lazio, where it takes 40.4 and 39.7 years of salary respectively to buy a house, while Lombardy ranks sixth with a result of 33.6 years, after Sardinia (39.4 years).