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Italian house price growth has slowed down in 2023

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The National Institute of Statistics has revealed the latest data.

What has happened

Italian house prices rose by 1.3% in 2023, but the rise was less than the year before when they increased by 3.8%, Istat said.

Details

In the fourth quarter of 2023, the index of housing prices (HICP) purchased by households for residence or investment purposes remained unchanged compared to the previous quarter and increased by 1.8% compared to the same period in 2022. In the third quarter of 2023 it was +1.7%.

Types of housing

The greatest increase was in prices for new dwellings (+5.6%), while for secondary housing the rise was very modest (+0.4%).

Please read also: Italian real estate market is waking up after winter hibernation

 Source: ANSA

Photo by Megan Soule on Unsplash

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