Italian Real Estate Prices 2024
In 2024, the average home price in Italy is 200.000 € for a 110 sqm home, based on a price of 1840 €/sqm. Italian real estate is among the most desirable in Europe, attracting buyers from various countries worldwide. Despite the consistent demand, house prices in Italy remain stable, with only a modest 1.9% increase from the previous year.
Source: Idealista.com
Italy house prices by region
Here’s how much a house costs on average in each of the 20 regions of Italy:
Source: Idealista.com
The priciest region to purchase a house in Italy is the stunning Trentino-South Tyrol, located in the northernmost part of the country. A 200 sqm home there typically costs 620.0000 €. Real estate prices in Trentino-South Tyrol have surged by 12% annually.
Following closely, Aosta Valley stands as the second most expensive region for home purchases in Italy. A 200 sq m home in Aosta Valley is priced at € 540.000 with a cost of 2708 €/sqm. Real estate values in Aosta Valley have remained steady compared to the last years.
Liguria secures the third spot on the list of Italy’s costliest regions for home buying. The average home price in Liguria is around € 500.000, equivalent to 2.503 €/sqm. Home values in Liguria have shown no change year after year.
In Italy, the region of Molise stands out as the most budget-friendly area to purchase a house. Here, you can acquire a 200 sqm home for an average of 180.000 €/sqm, which equates to 884 €/sq m. Real estate prices in Molise have risen by 3.8% compared to the previous year.
Following Molise, Calabria offers the second most affordable housing options in Italy. The average home price in this southern region is € 182.000, or 912 €/sqm. Prices have increased by 0.7% in Calabria compared to the previous year.
Sicily secures the third spot for affordable homes in Italy. The average cost of a 200 sqm house in Sicily is € 210.000, at 1.037 €/sqm. Real estate prices in Sicily have remained consistent year over year.
Italy real estate prices by city
The cost of purchasing a home in Italy’s major cities varies significantly from north to south. The most costly city to buy property is Milan, in Lombardy, with an average price of €997,400, showing a 2% increase from the previous year. Other pricey locations for home purchases in Italy are: Bologna, with an average price of 700.000 €, Rome with houses costing 615.000€, and Florence with prices at 816.000 €.
Naples saw one of the highest price increases, rising by 13.3% compared to the previous year, while Padova experienced an 11.1% increase in real estate prices within a year.
Here’s how much it costs to buy a house in Italy’s top 10 largest cities:
Source: idealista.com