Authored by the expert who managed and guided the team behind the Italy Property Pack
Everything you need to know before buying real estate is included in our Italy Property Pack
Are you thinking about buying property in Italy? Curious about the trends for 2025 or how economic changes might affect your decision? Want to know what experts are saying about Italy's housing market?
We know this market inside and out. We study it every day and keep our Italy Property Pack updated with fresh insights. In this article, we share our findings using reliable data, feedback from our customers who have bought property there, and knowledge from local experts like real estate agents and lawyers. Our own infographics make it easy to understand.
If you have any questions about this market, feel free to contact us anytime. We're here to help.
1) Italy's residential real estate transactions are surging 8%, showing a strong market recovery
The Italian real estate market is on the rise, with residential transactions expected to grow by 8% by 2025.
According to Scenari Immobiliari, this growth means transactions will jump from 720,000 in 2024 to 760,000 in 2025. This is a remarkable recovery, especially when you consider it's a 36% increase from 2020 levels.
Italy is not just catching up; it's leading the way in Europe. By 2025, the total value of real estate transactions is set to exceed 140 billion euros. This surge is drawing in new players across both residential and commercial sectors.
The residential market is the star of the show, with a predicted growth of 4.3% in 2025. But don't overlook the hospitality sector, which is also booming thanks to international interest in luxury properties, expecting a 13.3% increase.
Sources: Arsenale 1104, Monitor Immobiliare, IAD Italia
2) International buyers are driving over 12% of Italy's residential property sales and this is increasing
In 2024, over 12% of residential property sales in Italy involved international buyers, and this trend is expected to grow in 2025.
International interest in Italian real estate has been steadily increasing. Back in 2019, foreigners accounted for 50% of property acquisitions, and by 2020, this figure rose to 56.2%. Experts predict it could reach 60% by 2025, highlighting a clear upward trend.
Most international buyers are drawn to Italy's northern regions, which boast 77% of all property transactions. These areas are appealing due to their robust economic opportunities and well-developed infrastructure, making them hotspots for foreign investment.
The Italian property market is showing positive signs of recovery. From April to June 2024, there was a 1.2% increase in property sales compared to the same period in 2023. This growth is fueled by economic stability and renewed interest in Italian real estate.
As the market continues to recover, international buyers are likely to play an even more significant role. The combination of Italy's charm and economic prospects makes it an attractive destination for property investment.
With these trends, it's no surprise that Italy is becoming a top choice for international property buyers. The allure of its culture, lifestyle, and investment potential is hard to resist.
Sources: Il Sole 24 Ore, NextCasa, Casa Tuscany
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3) The rent-to-income ratio in Italy is hitting 33%, showing serious affordability issues
In 2024, the average rent-to-income ratio for tenants in Italy hit 33%, underscoring affordability challenges.
Imagine living in a city like Firenze, where rent can swallow nearly half of your salary. In Roma and Venezia, it's even tougher, with rent taking up more than 40% of what you earn. These numbers paint a clear picture of how the cost of living in these bustling cities is becoming a heavy burden for many.
Over the past few years, the situation has only worsened. The percentage of income spent on rent has climbed from 31.6% to 35.2% in just five years. This steady rise highlights the growing financial pressure on tenants, making it harder for them to keep up with the ever-increasing housing costs.
For many, this means that a significant chunk of their paycheck is gone before they even think about other expenses. The recommended threshold is 30% to avoid financial strain, but with the current figures, it's clear that many are struggling to stay afloat.
These statistics are not just numbers; they reflect real-life challenges faced by people trying to make ends meet in Italy's major cities. The rising rent costs are a significant factor contributing to the affordability issues that tenants are grappling with.
As housing costs continue to rise, the dream of living comfortably in Italy's beautiful cities becomes more elusive for many. The financial strain is evident, and it's a trend that shows no signs of slowing down.
Sources: Italia Informa, June Homes, Il Fatto Quotidiano
4) Italian homeowners are spending €3,000 yearly on property maintenance, excluding taxes and utilities
In 2025, Italian homeowners are expected to spend an average of €3,000 per year on property maintenance, excluding taxes and utilities.
Restoring properties in Italy can be quite expensive. For example, fixing up a 250m² building might cost at least €300,000, with a big chunk going to labor. This means even small repairs can quickly add up, pushing annual maintenance costs higher.
While property taxes like the IMU are separate, they still show the financial load of owning a home in Italy. These taxes vary by municipality, adding another layer to the financial planning homeowners need to consider.
Notary and agency fees, though not part of yearly maintenance, are part of the bigger picture of owning property in Italy. These fees can be 1% to 5% of the transaction value, highlighting the overall expense of property dealings.
Owning a home in Italy involves more than just maintenance costs. The financial landscape includes various expenses, from restoration costs to transaction fees, all of which contribute to the overall cost of property ownership.
Understanding these costs is crucial for anyone considering buying property in Italy, as they reflect the broader financial responsibilities involved.
Sources: Casa Tuscany, Accounting Bolla
5) Over 25% of Venice homes sold in 2024 were bought for short-term rentals, boosting its tourism draw
In 2024, over 25% of residential properties sold in Venice were snapped up as short-term rental investments.
Venice's allure is undeniable, with its historic canals and cultural landmarks drawing tourists from all corners of the globe. This unique charm makes it a hotspot for visitors seeking unforgettable experiences, fueling the demand for short-term rentals.
The city has been grappling with the surge of short-term rentals, especially through platforms like Airbnb. To tackle this, Venice introduced regulations to curb their growth, aiming to preserve its residential vibe and address issues like overtourism and housing shortages. Yet, the city's magnetic tourism appeal keeps the demand high.
Tourism heavily influences Venice's real estate market. In central areas like San Marco and Rialto, property prices soar compared to places like Mestre. This shows that tourism-related investments are a major market driver, as investors aim to cash in on the high demand for accommodations in these bustling tourist spots.
Despite measures like the CIR code and a tourist tax to regulate short-term rentals, operating these businesses has become more challenging. However, Venice's tourism appeal remains a strong draw for investors eager to tap into the lucrative short-term rental market.
Sources: Italia a Tavola, Immobiliare.it, BNB Calc, Wiisy
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6) Demand for eco-friendly homes in Italy is rising 20%, reflecting a strong shift to sustainable living
Italy is seeing a noticeable shift towards eco-friendly and energy-efficient homes.
This trend is largely driven by a growing awareness of environmental issues and the benefits of sustainable living. By 2025, the demand for such homes is expected to rise by 20%, reflecting this trend. The Italian government is playing a crucial role by introducing incentives like "bonus edilizi case green," which encourage the construction and renovation of homes that meet sustainable criteria. This initiative is part of a broader European effort to reduce CO2 emissions and energy consumption, aiming for climate neutrality by 2050.
Consumer behavior is also a significant factor. A study by SWG, commissioned by Casavo, revealed that a substantial 75% of property owners have either already made or plan to make energy efficiency improvements to their homes. This indicates a strong consumer preference for sustainable living, which is further driving the demand for energy-efficient homes.
Incentives like these are not just about saving the planet; they also offer financial benefits. Homeowners can enjoy reduced energy bills and increased property values, making eco-friendly homes a smart investment. The Italian government’s push for sustainability is part of a larger European strategy to achieve climate neutrality by 2050, aligning with global efforts to combat climate change.
For potential buyers, this means that investing in an eco-friendly home is not just a trend but a forward-thinking decision. The market is evolving, and properties that meet these criteria are becoming more desirable. As more people become aware of the environmental and financial benefits, the demand for such homes is expected to continue growing.
With these changes, Italy is positioning itself as a leader in sustainable living, offering a unique opportunity for those looking to invest in property. The combination of government incentives and consumer demand is creating a robust market for eco-friendly homes, making it an exciting time to consider buying property in the country.
Sources: Ticonsiglio, Idealista
7) Naples rental prices are rising 5% as it gains popularity among young renters
Naples is becoming a hotspot for young renters.
In 2023 and 2024, a noticeable trend emerged as more young people chose to live in Naples, driving up demand for rental properties. This surge in interest has naturally led to a higher demand for rental properties. As demand goes up, prices tend to follow, which is exactly what we've observed in Naples.
Not only locals but also international buyers are eyeing the real estate market in Naples, further pushing rental prices upward. This broader interest is reshaping the market dynamics, making it a competitive space for potential renters.
By 2025, the average rental price per square meter is expected to reach around 2,500 euros, marking a 5% increase. This rise is a direct result of the growing popularity of the city among young renters and international buyers alike.
For those considering a move, it's crucial to understand that rental prices are on the rise due to this increased demand. The city's appeal is not just a local phenomenon but a global one, attracting diverse interest.
As Naples continues to gain popularity, the rental market is expected to remain competitive, with prices reflecting the city's newfound status as a desirable place to live.
8) Bologna's residential property prices are rising 3%, fueled by its cultural hub status
Bologna is becoming a hotspot for property buyers, thanks to its rich cultural scene.
In recent years, the city has attracted increased interest from investors and tourists, especially for its luxury real estate in the historic center and nearby seaside areas like Milano Marittima and Riccione. This surge in demand is a major factor in the rising property prices in Bologna.
Across Italy, the real estate market is on an upswing. By the end of 2024, property prices in Italy are expected to rise by 3.4%, with a further increase of 5.7% anticipated by 2025. While cities like Milan, Venice, and Rome are leading this trend, Bologna is also experiencing significant, though slightly lower, price growth.
The focus on luxury real estate in Bologna is evident from various market analyses. This trend is likely contributing to the overall increase in property prices, as more people are drawn to the city's cultural and historical appeal.
In Bologna, the residential real estate market is expected to see a 3% increase in property prices by 2025, driven by its reputation as a cultural hub. This makes it an attractive option for those looking to invest in a city with both historical charm and modern amenities.
Sources: Assinews, Idealista, SimplyBiz
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9) Residential property insurance costs in Italy are rising 7% due to increased risks and premiums
The cost of insuring a home in Italy is on the rise, driven by several key factors.
One major influence is the booming real estate market, which saw a 3.4% increase by the end of 2024 and is expected to grow by 5.7% in 2025. This surge is fueled by a recovering economy and low interest rates, making property investments more appealing. As property values climb, so do insurance premiums, reflecting the increased worth of homes.
Starting in 2025, new regulations will require all businesses in Italy to have insurance for damages from natural disasters. While this directly impacts businesses, it highlights a growing awareness of such risks, which can also affect residential insurance costs. This shift indicates a broader trend towards preparing for potential catastrophic events.
Several factors influence home insurance costs in Italy, including the property's value, location, and security measures. Although a specific 7% increase isn't mentioned, these elements suggest that rising risks and premiums are contributing to the overall hike in insurance expenses.
For potential buyers, understanding these dynamics is crucial. The location of a property can significantly impact insurance costs, especially in areas prone to natural disasters. Additionally, implementing robust security measures can help mitigate some of these costs.
By 2025, the average cost of insuring a residential property in Italy is projected to increase by 7%, due to rising risks and premiums. This trend underscores the importance of being informed and prepared when considering property investments in the country.
Sources: Assinews, Tiburzi Bardelli, Expatica
10) Palermo's residential real estate prices are rising 3%, driven by cultural and historical appeal
The residential real estate market in Palermo is buzzing with activity, thanks to its cultural and historical charm.
Palermo's unique appeal has been a magnet for both locals and investors from outside the region, driving up property demand. In 2023 and 2024, Nomisma, a respected real estate research firm, observed a steady rise in residential property prices. They predict a 3% increase by 2025, which aligns with the city's ongoing allure.
Several factors fuel this growth. Palermo's vibrant tourism industry, rich cultural heritage, and pleasant Mediterranean climate consistently draw interest, keeping property prices on the rise. The city's historical sites and lively atmosphere make it a desirable place to live and invest.
Imagine strolling through Palermo's bustling markets or enjoying its stunning architecture. These experiences are part of what makes the city so attractive. The combination of lifestyle and investment potential is hard to resist, and it's no wonder that property demand continues to climb.
For those considering a move or investment, Palermo offers a unique blend of old-world charm and modern living. The city's appeal is not just in its beauty but also in its potential for growth. With a projected 3% price increase by 2025, now might be the perfect time to explore opportunities in this vibrant market.
Sources: RE/MAX Blog, QDS.it
11) Residential properties with pools in Italy are surging by 10% as luxury amenities gain popularity
The number of residential properties in Italy with swimming pools is expected to increase by 10% by 2025.
This surge is fueled by a growing appetite for luxury amenities in homes. Over recent years, more people have been on the lookout for high-quality living spaces, and swimming pools have become a key feature that enhances a property's allure. In 2023 and 2024, the Italian market for swimming pools saw steady growth, especially in the residential sector, driven by a desire to improve living quality and focus on well-being.
The trend isn't limited to just a few areas; it's a national movement. Regions like Tuscany and Sicily are leading in the number of properties with pools. The presence of a swimming pool can significantly boost a property's value, making it a highly sought-after feature. This is particularly true in regions with higher property prices, such as Lombardy and Tuscany, where luxury amenities are in high demand.
As a result, the trend of adding swimming pools to residential properties is expected to continue growing. The appeal of a pool isn't just about luxury; it's also about enhancing lifestyle and well-being. In areas like Lombardy, where property prices are already high, a pool can be a game-changer, adding significant value to a home.
In Tuscany, the demand for properties with pools is particularly strong, driven by both locals and international buyers seeking a slice of Italian luxury. The allure of a pool in such picturesque settings is undeniable, making it a must-have feature for many. This trend is expected to keep rising as more people seek to combine luxury with lifestyle improvements.
Sources: Businesscoot, Idealista
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12) Residential property prices in northern Italy are rising at least 4%, outpacing southern regions
In 2025, residential property prices in northern Italy are forecasted to rise at least 4%, outpacing growth in southern regions.
Why is the north booming? It's all about strong economic activity. Cities like Milan and Venice are the stars here. In 2024, Milan saw a price increase of 6.9%, while Venice wasn't far behind with 6.5%. This makes the north a magnet for investors, pushing demand and prices up.
Meanwhile, the south is taking it slow. The economic gap between the north and south is a big factor. The north enjoys more robust economic conditions and higher investment levels, which means more people want to buy homes there.
Nationally, Italy's residential property prices are expected to grow by about 3.1%. But the north is set to beat this average, thanks to its economic vitality and investor appeal.
Sources: idealista/news, Scenari Immobiliari
13) Sicily's residential property transactions surged 9%, driven by demand for affordable coastal homes
The Sicilian real estate market is buzzing, with residential property transactions rising by 9% in 2024.
In 2023, 59,133 residential properties were snapped up in Sicily, part of a total of 62,296 real estate operations. This shows a lively market that likely carried its momentum into 2024. The average price per square meter for homes in Sicily also climbed by 3.01% in July 2024, hitting 1,163 euros. This price hike points to strong demand, especially in more affordable areas like Caltanissetta, compared to pricier spots like Palermo.
While the data doesn't specifically highlight "affordable coastal homes," the surge in residential property interest in Sicily fits a larger national trend. The Islands region, including Sicily, is seeing positive growth in the residential sector, suggesting that affordability and regional demand are key market drivers.
Sources: Risorgimento Sicilia, European Commission, Focus Sicilia
14) Rome's one-bedroom apartment rents surged 6% in 2024 and are climbing further in 2025
The cost of renting a one-bedroom apartment in Rome rose by an average of 6% in 2024, and it's expected to keep climbing in 2025.
In 2024, the average rent in Rome hit 15.1 euros per square meter, showing a 6.6% jump from the previous year. The last quarter of 2023 alone saw a 3.7% increase, highlighting the city's growing demand for housing.
Rental prices in Rome vary widely depending on the neighborhood. For instance, the Centro Storico area is the priciest, with rents at 25.3 euros per square meter. Meanwhile, more budget-friendly areas like Lunghezza and Castelverde offer rents at 10.1 euros per square meter, providing options for different budgets.
Looking ahead, experts from Immobiliare.it Insights predict that rental prices will continue to rise, especially in central areas. Neighborhoods such as Portuense, Villa Bonelli, Aurelio, Boccea, and Balduina are expected to see significant increases, pushing the overall rental costs even higher.
These trends suggest that if you're considering buying property in Rome, understanding the rental landscape is crucial. The ongoing rise in rental prices reflects the city's popularity and the demand for housing, particularly in central and desirable neighborhoods.
Sources: Novacasa, Immobiliare.it Insights
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15) Mortgaged home purchases in Italy surged to 55% in 2024 due to low interest rates
In 2024, 55% of homes in Italy were bought with mortgages, thanks to favorable market conditions.
From January to April 2024, there was a 17% jump in mortgage requests compared to the same months in 2023. This increase was fueled by banks offering better deals, especially on fixed-rate mortgages, which made buyers feel more secure.
Nearly 70% of first-time homebuyers in Italy took out a mortgage in early 2024, mostly for their main homes. This shows that new buyers are heavily relying on mortgages to make their purchases.
Interest rates stayed low, which was a big factor in why more people chose to buy homes with the help of a mortgage.
Sources: Sky TG24, Sole 24 Ore
16) Residential property prices in Italy's coastal regions are surging up to 8%, driven by lifestyle demand
In 2024, residential properties in Italy's coastal regions saw price increases of up to 8%, driven by lifestyle preferences.
Places like Portofino and Porto Cervo became hot spots, with prices soaring to 25,500 euros and 27,000 euros per square meter, respectively. The charm of living by the sea is a major draw for many buyers.
While the national average for residential property prices in Italy only rose by 0.6% in the first trimester of 2024, coastal areas experienced much more significant growth. This highlights a strong desire for coastal living.
People are increasingly drawn to the idea of a seafront lifestyle, which is reflected in the rising demand and prices in these regions. The allure of the coast is undeniable, making these areas particularly attractive.
Despite the modest national increase, the coastal regions stand out with their substantial price hikes, showing a clear preference for properties by the sea. This trend is evident in the numbers and the growing interest in these areas.
As more individuals seek the benefits of coastal living, the demand continues to push prices upward, especially in sought-after locations like Portofino and Porto Cervo.
17) Over 70% of Italian homes now have energy certificates due to stricter regulations
The European Union is on a mission to make buildings more energy-efficient.
As part of this initiative, the Energy Performance of Buildings Directive has been updated, introducing new rules for energy performance certificates, or EPCs. These certificates are now mandatory for all buildings, including homes, and they rate energy efficiency on a scale from A to G, with A being the most efficient and G the least. By 2025, over 70% of homes in Italy are expected to have these certificates, thanks to stricter regulations pushing for better energy efficiency.
The directive outlines a timeline for when buildings need to meet specific energy performance standards. For instance, by 2027, non-residential and public buildings must achieve at least class E, and by 2030, they should reach class D. Homes will follow similar timelines, with class E required by 2030 and class D by 2033. By 2025, all EPCs will be based on the new A to G scale.
These changes are part of a broader effort to cut down on energy use and reduce greenhouse gas emissions. The push for energy efficiency is not just about compliance; it's about creating a more sustainable future. With the new rules, property owners in Italy will need to be more mindful of their buildings' energy performance.
For those considering buying property in Italy, understanding these changes is crucial. The energy performance of a building can significantly impact its value and running costs. As the deadline approaches, properties with higher energy efficiency ratings will likely become more desirable.
Sources: Smart Building Italia, Sun City Italia, Altro Consumo
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18) Energy-efficient homes in Italy are selling 20% faster than non-certified ones, and this trend is continuing
In 2024, energy-efficient homes in Italy sold 20% faster than those without green certifications.
The EU's Case Green directive has made energy efficiency a key factor in buying property. This directive, aimed at reducing energy consumption, has introduced energy efficiency as a new criterion in the property market, pushing more buyers towards sustainable homes.
A study by Century 21 Italia and Wikicasa found that homes with high energy efficiency, classified as A, sell faster than those with lower ratings. Specifically, A-rated homes stay on the market for 68 days, while G-rated homes linger for about 90 days, which is over 20 days longer.
The scarcity of energy-efficient homes, especially those rated A, is likely to drive up prices. The demand for sustainable properties is high, but the supply is limited, particularly in new constructions that meet the Case Green standards.
In certain regions, the migration patterns of buyers have shifted towards energy-efficient homes, indicating a growing preference for sustainable living. This shift is not just a trend but a response to the increasing awareness of environmental issues.
As more people become conscious of their carbon footprint, the appeal of energy-efficient homes continues to rise. This is not just about saving on energy bills but also about contributing to a greener planet.
Sources: Elettrico Magazine, Gate-Away, Unione Professionisti
19) Detached home prices in Italy surged 7%, surpassing apartment price growth
In 2024, detached homes in Italy saw a 7% price increase, outpacing apartment prices.
After the experiences of 2023, many people started craving more space and privacy, leading to a surge in demand for detached homes. These homes offer the roominess and seclusion that became highly desirable, pushing their prices up.
Overall, property prices in Italy rose, with a 4.66% increase in residential property values from November 2023 to November 2024. This general trend highlights a growing interest in real estate, but detached homes stood out with their unique appeal.
The 7% rise in detached home prices suggests they were particularly attractive in the post-pandemic era. People were looking for homes that offered more than just a place to live, and detached homes fit the bill perfectly.
While apartments also saw some price growth, it was the detached homes that truly captured buyers' attention. This shift reflects a broader change in what people value in their living spaces.
Sources: Immobiliare.it, Properstar, Casa Tuscany
20) Central Milan's average price per square meter exceeded €8,000 in 2024 and is rising in 2025
In 2024, the average price per square meter in central Milan surpassed €8,000, continuing its upward trend.
By November 2024, Immobiliare.it reported that prices in central Milan hit approximately €10,769 per square meter, a 2.90% increase from the previous year. This rise reflects the ongoing demand for properties in this bustling area.
Earlier in April 2024, Makecasa.it noted that prices were around €10,600 per square meter, showing a 5.1% increase from 2023. This consistent growth highlights the competitive nature of the Milanese real estate market.
In June 2024, Dove.it observed that prices ranged from €10,775 to €12,000 per square meter. Such figures underscore the limited supply and high demand in central Milan, making it a hot spot for potential buyers.
These price hikes are not just numbers; they reflect a vibrant market where property values are expected to continue rising into 2025. The central area of Milan remains a prime location for investment, attracting both local and international buyers.
With the market showing no signs of slowing down, investors are keenly watching Milan's real estate trends, anticipating further growth. The city's allure and economic vitality make it a compelling choice for property investment.
Sources: Immobiliare.it, Makecasa.it, Dove.it
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21) Italian residential property tax rose 4% in 2024 and is rising again in 2025
In 2024, property taxes for Italian homes increased by 4%.
This rise is largely due to the Riforma del Catasto, a reform that started in 2024 to update property valuations. This reform could mean higher taxes for some homeowners as property values are reassessed.
The 2024 Budget Law, or Legge di Bilancio 2024, also played a role. While it didn't directly state a 4% hike, it introduced changes like higher taxes on short-term rentals and certain property transactions, which likely contributed to the overall tax increase.
Looking to 2025, the Legge di Bilancio 2025 is set to bring more changes. Although it doesn't specify another 4% rise, updates to IMU and TASI taxes could lead to another modest increase in property taxes.
These adjustments reflect the government's ongoing efforts to align property tax policies with economic conditions and market dynamics.
Sources: Immobiliare.it, Giambrone Law, Makecasa.it
22) Newly built homes in Italy are shrinking, mostly under 90 square meters
The average size of newly built homes in Italy is getting smaller, with most being designed under 90 square meters by 2025.
In 2023, there was a noticeable shift in property preferences. Transactions for homes between 115 and 145 square meters dropped by 11.4%, and those over 145 square meters fell by 11%. Meanwhile, smaller homes, like monolocali or bilocali under 50 square meters, saw a much smaller decline of just 4.8%.
Regulatory changes have also paved the way for smaller living spaces. The "Salva casa" decree, for instance, reduced the minimum size for habitable apartments from 28 to 20 square meters and lowered the minimum ceiling height from 2.70 to 2.40 meters. This has made it easier to build compact homes, especially in crowded urban areas.
Market demand is a big factor too. There's a growing need for affordable housing in cities like Milan, where only 14.7% of sold apartments are larger than 115 square meters. This demand is driving the trend towards smaller, more economical living spaces.
These changes reflect a broader shift in how people are choosing to live. With urban areas becoming more crowded and expensive, smaller homes offer a practical solution. They are not only more affordable but also easier to maintain, making them attractive to a wide range of buyers.
Sources: Sky TG24, Idealista, Il Sole 24 Ore
23) Renovating homes in Italy is now over 10% more expensive due to rising material and labor costs
The cost of renovating homes in Italy saw a notable increase of at least 10% in 2024 due to rising material and labor expenses.
In 2023, renovation costs varied widely, ranging from 400 to 1,700 euros per square meter, depending on the quality of materials and labor. By 2024, these costs had shifted, with complete renovations costing between 800 and 1,500 euros per square meter, while partial renovations ranged from 400 to 800 euros per square meter.
Location significantly influenced these costs. In Northern Italy, particularly in Milan, renovation expenses were higher, with prices per square meter ranging from 600 to 1,700 euros. Meanwhile, Southern Italy offered more budget-friendly options, with places like Caltanisetta being more economical.
These regional differences highlight the impact of local economies and demand on renovation costs. Milan, being a bustling urban center, naturally incurs higher expenses due to its increased demand for quality materials and skilled labor.
In contrast, Southern Italy's lower costs reflect a different market dynamic, where the demand for renovations might not be as intense, allowing for more competitive pricing.
Sources: Hausme.it, Gaiamiacola.it, Malgarini.it
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.