Rental prices in Italy continued to rise in May

What has happened? Rental prices in Italy rose 3.8% in May to €13/m2, according to the latest rental price report published by Idealista, Italy's leading real estate web-portal. Thus, the rent continues to grow, having increased by an average of 11.8% over the past 12 months.

Regions. The only regions that saw a decline in rental prices last month were Friuli Venezia Giulia (-1.7%), Basilicata (-0.9%) and Umbria (-0.2%).

Positive trends were registered in all other regions, with the largest increases in Marche (+8.9%), Emilia-Romagna (+7.5%) and Calabria (+6.8%).

The growth that was higher than the national average was in Tuscany (+5.4%), Liguria (+5.1%), Piedmont (+4.1%). Growth in 11 other regions varied from 3.6% in Lazio to 0.1% in Apulia.

Provinces. Provincial markets continue to report growth in 72% of Italian provinces tracked (104 this month) with double-digit fluctuations across eight macro areas, from 30.7% in Rimini to 10% in Vibo Valentia.

Almost all provincial markets around major Italian urban centers show positive fluctuations from 3.9% in Turin to 2.5% in Rome, and  1.4% in Naples and 0.8% in Milan. However, the largest falls were recorded in Matera (-4.9%), Cremona (-4.3%) and Siena (-3%).

Capital cities. The upward trend in rental prices per square meter was confirmed in most Italian capitals (53 out of 87 observed), only in Reggio Calabria, Pavia, Novara and Chieti the rental prices remained unchanged. The largest growth compared to April was recorded in Alessandria (+8.6%) and Salerno (+8.2%). Fluctuations that were above the average for this period were fixed in eleven cities: from 7.8% in Massa to 3.9% in Piacenza.

The prices in Turin (+4.5%) have demonstrated strong growth, while the prices in Rome (+0.9%), Milan (+0.4%) and Naples (+0.1%) have shown a more smooth recovery. Conversely, the biggest monthly declines have been registered in Campobasso (-9.8%), Matera (-6.4%), Udine (-5.8%), Lecce (-5.7%) and Siena (-5%).

Sourse: Idealista

Photo by Karol Kaczorek on Unsplash

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