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House prices in Italy reached an average of €1,840 per sqm in February, up 0.2% from the previous month, according to the latest data from Idealista. The change remains positive on the annual basis as well, recording +1.9% compared to the same period in 2023.
The positive trend prevails in many areas: the prices have risen in 14 regions in monthly terms.
The largest increases were observed in Valle d'Aosta (+2.2%), Trentino-Alto Adige (+1%), Sardinia (+0.9%) and Marche (+0.8%). Other increases range from 0.7% recorded in Veneto to 0.1% in Piedmont, Puglia and Tuscany.
Molise (-1%), Calabria (-0.5%), Friuli-Venezia Giulia (-0.3%), Abruzzo and Basilicata (both regions -0.2%) have recorded price declines.
The region with the highest housing costs is Trentino-Alto Adige: €3,088 per sq.m. It is followed by Valle d'Aosta (€2,708), Liguria (€2,503) and Tuscany (€2,332). The values are also higher than the national average in Lombardy (€2,164) and Lazio (€2,127). The prices in the remaining 14 regions range from €1,838 in Emilia-Romagna to €884 in Molise, the cheapest to buy a house in Italy.
The leaders of the monthly growth are the provinces of Aosta (+2.2%), Forli-Cesena (+2.1%) and Siracusa (+1.8%). In the remaining 58 markets, the rise is smaller and ranges from 1.7% in Brindisi to 0.1% in Latina. On the other hand, Cuneo and Oristano (-1.6%), Rimini (-1.5%) and Udine (-1.4%) are the provinces where prices have recorded the largest decline over the past month.
As for prices, Bolzano was recognized as the most expensive Italian province in February with a price of €4,504 per square meter. It is followed by Milan (€3,396), Lucca (€3,109) and Savona (€3,075). On the contrary, the most affordable provinces for purchasing property are Biella (€639), Isernia (€664) and Caltanissetta (€672).
56 Italian capitals have recorded positive results in February, led by Belluno (+4.4%), Benevento (+3%), Piacenza (+2.8%), Aosta (+2.7%) and Gorizia (+ 2.6%).
The decline in prices was observed in 44 cities, with the largest drops recorded in Cuneo (-4.2%), Udine (-3.1%) and Rimini (-2.9%). As for Italy's two main urban markets, Rome saw a slight increase in property prices (+0.1%), while prices in Milan have remained stable.
Milan maintains its position as the most expensive city in Italy in terms of housing prices: the average cost is €4,987 per square meter. Next come Bolzano (€4,479), Venice (€4,458), Florence (€4,059), Bologna (€3,464) and Rome (€3,024).
The prices are higher than the national average in 33 other capitals: from €2,990 in Trento to €1,850 in Savona.
Ragusa (€736), Caltanissetta (€747) and Biella (€753) round out the ranking as the cheapest cities to buy a home in Italy.
Source: Idealista
Photo by Artists Eyes on Unsplash
