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Italian Residential Real Estate Market Trends

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In the first six months of 2022, the residential sector in Italy recorded positive dynamics. The volume of investments in it exceeded €470 million, whereas in the first half of 2021 it was more than half as much (approximately €200 million).

According to the international consulting company JLL, the residential sector in Italy is becoming increasingly attractive to investors. In the first six months of 2022, the volume of investments in it exceeded €470 million, while in the first half of 2021 it was more than half as much (approximately €200 million).

Sales. In the first quarter of 2022, 181,767 housing transactions were recorded in Italy, which is 12% more than in the first quarter of 2021. The growth in domestic demand is driven by new housing needs after the pandemic, favorable tax measures (tax breaks for home repairs), and monetary policy (low interest rates).

Prices. House prices in Italy increased by 2.6% on average in 2021, while in the first quarter of 2022 they recorded an increase of 1.9% compared to the fourth quarter of 2021 (according to Istat).

The average time for the sale of real estate has improved slightly, falling from 6.2 months in the fourth quarter of 2021 to 5.8 months in the first quarter of 2022 (according to the Bank of Italy), indicating greater market liquidity.

The average discount on real estate prices, which measures a decrease in percentage points compared to the original asking price after negotiations, decreased from 9.7% in the fourth quarter of 2021 to 8.5% in the first quarter of 2022 (according to the Bank of Italy), indicating a closer match between supply and demand.

Regions. If you look at the regional breakdown, more than 50% of housing transactions are registered in Northern Italy. The bulk of housing transactions (15% of the total) occurred in the eight most populous cities of the country (Milan, Rome, Turin, Naples, Genoa, Palermo, Bologna, and Florence). Among them, Rome ranks first in terms of transaction volume, but Milan remains the most dynamic and, by far, the most efficient market, anticipating future trends for the whole country.

Examples of properties for sale in Italy:
House for 745 000 euro in Pavia, Italy
745 000 €
House in Pavia, Italy
570 sq.m 13 5 5
Lombardia – Lomellina orientale – just a few km away from Milan – Cascina Prefontana. Immersed in the Lombardo natural Park of the Ticino Valley, this property includes a main farmhouse used as living unit, which is the result of a recent and wise restoration of a nineteenth-century original “cascina” and is composed of: an apartment at ground...
Great Estate
Villa for 359 000 euro on Lake Garda, Italy
359 000 €
Villa on Lake Garda, Italy
140 sq.m 3 2
description Desenzano del Garda.The villa, built according to the latest technologies, is located in a quiet, quiet area with convenient infrastructure. The villa is located on the first and only floor and consists of: entrance hall, kitchen and living room in open-space style, three bedrooms and two bathrooms. Double garage. There is a...
GH Estate
Farm for 3 200 000 euro in Citta di Castello, Italy
3 200 000 €
Farm in Citta di Castello, Italy
2000 sq.m 15 15
This staggering farmstead for sale is situated in Monte Santa Maria Tiberina and surrounded by the Umbrian hills of the province of Perugia. The estate comprehends seven buildings with ten apartments in total. Their overall internal surface sprawls over roughly 2,000 m² and is girdled by 127.6 hectares of grounds that encompass 7,000 m² of...
Lionard Luxury Real Estate
Flat for 64 000 euro in Santa Maria del Cedro, Italy
64 000 €
Flat in Santa Maria del Cedro, Italy
95 sq.m 3 2 1
Online Viewing Remote Transaction
The resort town of Santa Maria del Cedro, Calabria, Italy.It's so nice to walk along the wet coast in the morning during your vacation, enjoying incredibly beautiful views. But why not spend every morning like this? Having bought a property in such a wonderful and popular city, you will get the housing that will bring only joy.We offer a cozy...
Gabetti
Apartment for 39 000 euro in Scalea, Italy
39 000 €
Apartment in Scalea, Italy
50 sq.m 3 2 1
Online Viewing Remote Transaction
Scalea, Parco San Domenico : In an excellent tourist context, an excellent apartment of 50 sq.m., a terrace of 6 sq.m., a bathroom and a bedroom are offered for sale. The property is in good condition, fully furnished and available to move in immediately. Free parking in the condominium area, 1.5 km from the sea. Excellent investment solution...
L'ARCO IMMOBILIARE
Villa for 350 000 euro in San Felice Circeo, Italy
350 000 €
Villa in San Felice Circeo, Italy
95 sq.m 3 2
VILLA WITH SEA VIEW PUNTA ROSSA-VIAERIE CIRCEO. San Felice Circeo, in PUNTA ROSSA a terraced house unique of its kind and located in the most private and exclusive point of San Felice Circeo Punta Rossa / Via Vasca Moresca within the Circeo National Park. The property comprises on the first floor a living room with fireplace, dining area,...
Real Casa Italy
House in Castagneto Carducci, Italy (price on request)
Price on request
House in Castagneto Carducci, Italy
1050 sq.m 25 25
This wonderful relais for sale is surrounded by the charming Tuscan countryside a few kilometres from Livorno, in the renowned Bolgheri. Just five kilometers from the Etruscan coast, so called thanks to the numerous ruins that bear witness to their passage, there is this luxury complex with swimming pools and a 2.5 hectare private garden with...
Lionard Luxury Real Estate
Villa for 6 500 000 euro in Lodi, Italy
6 500 000 €
Villa in Lodi, Italy
11800 sq.m 10 20
This multi-level estate for sale sprawls over roughly 3,000 m² and exhibits airy state halls. Dazzling frescoes, 17th-century fireplaces, statues and crystal-and-brass chandeliers perfectly embellish this wonderful estate, creating a very refined and sophisticated setting. Besides its very wide rooms, this estate for sale also encompasses a...
Lionard Luxury Real Estate
Villa for 18 500 000 euro in Forte dei Marmi, Italy
18 500 000 €
Villa in Forte dei Marmi, Italy
950 sq.m 12 16
This elegant villa is in Forte dei Marmi, a prestigious town by the Mediterranean sea, appreciated for its lifestyle and countless services. This marvelous estate is in a seafront setting but maintains its privacy thanks to its 1,600-sqm private garden which houses a splendid swimming pool with an internal sunbathing area. This prestigious...
Lionard Luxury Real Estate
Villa in Como, Italy (price on request)
Price on request
Villa in Como, Italy
785 sq.m 6 7
Along Como's lakeside there is this wonderful, newly-built modern villa for sale in a spectacular panoramic position. Its three floors are all equipped with big terraces, and huge windows facing the lake, while on the back the view is on the leafy 1,983-sqm garden that surrounds the building. Once through the entrance gate, the driveway leads to...
Lionard Luxury Real Estate
Flat for 94 000 euro in Scalea, Italy
94 000 €
Flat in Scalea, Italy
110 sq.m 4 2 1
Online Viewing Remote Transaction
Scalea is the best tourist city in Italy. Central e elite location, Corso mediterraneo street, 323. This is the first coastline. The sea is across the road. Nearby there is a grocery store "Deco". The apartment is located in a single-storey house with a well-maintained territory, where residents of the city of Scalea live. There is a courtyard....
Scalea Realty
House for 430 000 euro in Campello sul Clitunno, Italy
430 000 €
House in Campello sul Clitunno, Italy
237 sq.m 4 2 3
For those looking for their "Buen Retreat", surrounded by greenery in a hilly position stands a farmhouse with outbuilding overlooking the Campellina valley. The property consists of a main body with a large living room, modernly furnished, with fireplace, dining room and kitchenette on the ground floor. This floor is completed by a bathroom, a...
Great Estate
Flat for 1 250 000 euro in Zoagli, Italy
1 250 000 €
Flat in Zoagli, Italy
125 sq.m 2 2
Liguria, a few kilometers from Portofino, in a historic villa of the early 19th century with its own park and beach, an apartment of 130 sq.m. with sea views from each room is for sale. The apartment offers a living room, kitchen, 2 bedrooms and 3 bathrooms. Parking space and its own utility room. Indoor swimming pool Condominium expenses -...
ITALCASA
Villa in Monte Argentario, Italy (price on request)
Price on request
Villa in Monte Argentario, Italy
158 sq.m 7 6 3
The main house is on one level and consists of a master bedroom with ensuite bathroom and two double bedrooms that share a further bathroom, kitchen and double living room with fireplace. The living area overlooks a well-kept lawn, which, like the entire outdoor garden, is decorated with typical Mediterranean ornamental plants. The land owned...
Great Estate
House for 750 000 euro in Montecatini Terme, Italy
750 000 €
House in Montecatini Terme, Italy
630 sq.m 10 8 4
Residence
Italy
OOO "Sanremo"
Flat for 69 000 euro in Grisolia, Italy
69 000 €
Flat in Grisolia, Italy
95 sq.m 5 3 1
Remote Transaction
Grisolia, Calabria region (Italy) - one of the unique features of the little town is: clean mountain air, proximity to majestic nature, inspiring views, silence...A quiet and peaceful place. Our offer is for those who love solitude with nature, a wonderful place in the mountains, clean air. An apartment located on Roma Street, in a house on the...
Gabetti
Villa for 2 300 000 euro in Ragusa, Italy
2 300 000 €
Villa in Ragusa, Italy
800 sq.m 12 12
This unique complex of villas in Santa Croce Camerina is a luxurious oasis in the territory of 7 hectares, which was originally owned by the hunting reserve of the marques of the Gazaria. The villas, inscribed in the exciting landscape of Mediterranean gardens, combine history, comfort and elegance. The first villa offers 250 square meters of...
Lionard Luxury Real Estate
Farm in Asti, Italy (price on request)
Price on request
Farm in Asti, Italy
1000 sq.m 10 10
Elegant farmhouse for sale in the heart of Piedmont, between the Langhe and Monferrato, perched on a hill surrounded by woods, orchards and vineyards. The property, distributed on 2 hectares of land, boasts an internal surface of 1000 square meters and consists of 3 buildings: a farmhouse, a second villa and a farmhouse. Outside there is a large...
Lionard Luxury Real Estate
Manor for 8 500 000 euro in Volterra, Italy
8 500 000 €
Manor in Volterra, Italy
3500 sq.m 25 13 10
This splendid property is strategically positioned between the sea, Florence, Siena, and iconic medieval villages such as San Gimignano, Volterra and Monteriggioni. With a well-established agricultural business, this 3500 sqm property consists of 3 residential units and 2000 sqm of warehouse for equipment and machinery storage. Within the...
Mercury Group
House for 55 000 euro on Lake Como, Italy
55 000 €
House on Lake Como, Italy
160 sq.m 5 4
The house has three floors, with a balcony. Ground floor: living room, small kitchen and bathroom. There is an additional bathroom between the first and second floor. Second floor: two rooms. Third floor: two rooms and a kitchen. From the third floor there is an entrance to the attic. The house has a spacious tavern Two balconies...
Alisa Estejt

New trends in housing demand:

  • Lifestyle changes caused by the pandemic have led to people looking for more spacious and affordable homes.
  • Increased demand for spacious high-quality housing. Private demand is supported by the need to improve housing conditions in terms of additional space and housing quality.
  • The pandemic has increased the demand for large multifunctional homes for remote work and the need for outdoor areas. According to the JLL EMEA study, the key priorities are open spaces, broadband speed, and private workplaces.
  • Adaptation and use of housing should become flexible, along with a new hybrid balance between work and personal life.
  • More attention is paid to inclusivity and ESG.

Source: Idealista
Photo: Josh Hild 

Quoting conditions of Prian.info materials

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Tags: Italy, Market Analysis, Cheap property, Real Estate, New buildings and construction

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