Authored by the expert who managed and guided the team behind the Italy Property Pack
Yes, the analysis of Turin's property market is included in our pack
What will happen in Turin’s real estate market? Will prices go up or down? Is Turin still a hotspot for foreign investors? How is Italy’s government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with notaries, real estate agents, and clients who buy properties in Turin, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
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1) Rental yields will increase in new areas as young professionals and students move in
Rental yields in newly developed areas are expected to rise as they attract young professionals and students. This trend is supported by several factors observed in Turin over the past couple of years.
Firstly, the University of Turin has a large student population, with 61,291 students as of the World University Rankings 2025. This substantial number of students creates a high demand for rental properties near the university, driving up rental yields in those areas.
Additionally, the real estate market in Turin has experienced an increase in rental prices, with an average price of €11.82 per month per square meter in November 2024, marking an 8.64% rise compared to December 2023. This increase indicates a growing demand for rental properties, particularly among young professionals who are relocating to Turin for job opportunities in the tech sector.
Moreover, Turin is seeing significant development, including the establishment of tech companies and startups. With 69 startups listed in the city, such as Resalis Therapeutics and Kurs Orbital, these developments are likely to attract young professionals, further boosting the demand for rental properties in newly developed areas.
Sources: Times Higher Education, Seedtable, Immobiliare.it
2) Central Turin property prices will stay stable with slight price changes
The central Turin real estate market is expected to stay stable with minor price fluctuations.
Turin's strategic position as a business hub in Northern Italy keeps attracting companies and professionals, ensuring a steady demand for homes. This demand is also fueled by the city's rich cultural and historical charm, drawing in tourists and expatriates who often seek short-term rentals.
Looking at past data, the average price for residential properties in Turin has been quite consistent. For example, in November 2024, the highest asking price was €2,039 per square meter, while in March 2023, it was €1,918 per square meter. These numbers show minor fluctuations but an overall stable trend. Plus, low interest rates have made mortgages more accessible, encouraging people to buy apartments and supporting market stability.
In central Turin, there aren't many new construction projects, which helps keep the supply and demand balanced and prevents any oversupply that could mess with prices. Surveys show that buyers are confident in the Turin market, with a noticeable recovery in transactions and market activity, even with some economic uncertainties.
Local real estate experts, like Gianni Pautasso from Tecnocasa, emphasize the benefits of buying apartments now, thanks to low prices and interest rates, which further strengthens the market's stability.
Sources: Auraree, Auraree, Immobiliare.it
We have made this infographic to give you a quick and clear snapshot of the property market in Italy. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Rental yields in the city center will rise as short-term rental demand increases
Rental yields in Turin's city center are on the rise as more tourists flock to the area, boosting demand for short-term rentals.
In 2023 and 2024, Turin saw a surge in visitors, leading to 5,475 active Airbnb listings by September 2024. This uptick highlights Turin's growing appeal as a travel hotspot. The city's charm, rich history, and vibrant culture are drawing in tourists, making it a prime location for short-term rental investments.
Short-term rentals in Turin are thriving, with typical listings booked for 241 nights a year and a median occupancy rate of 66%. This steady demand is fueled by the convenience of platforms like Airbnb and Booking.com, which simplify the booking process for travelers. The ease of access to these platforms is a game-changer, attracting more visitors and keeping occupancy rates high.
Property owners in Turin are seeing the benefits, with the average daily rate for rentals at €70. This promising revenue potential is encouraging more investments in the short-term rental market. Many property owners are renovating their spaces to cater to this demand, enhancing the quality and appeal of their offerings.
As more property owners jump into the short-term rental scene, the competition is heating up, but so are the opportunities. The financial incentives are clear, and the market is ripe for those looking to capitalize on Turin's tourism boom. With the city's ongoing popularity, rental yields are expected to continue their upward trajectory.
Sources: Airbtics, Immobiliare.it
4) Property prices in Turin will keep rising because demand is higher than supply
Residential property prices in Turin are on the rise, driven by a strong demand for homeownership.
In November 2024, the average price for residential properties hit €2,039 per square meter, a noticeable jump from the previous year. This increase is largely because 74% of transactions are first-time home purchases, showing a strong desire among people to own homes.
Meanwhile, the number of properties available for sale is shrinking. In neighborhoods like Aurora, Barriera di Milano, and Rebaudengo, prices average €1,218 per square meter, highlighting the limited supply. This scarcity means more people are competing for fewer homes, naturally driving prices up.
Turin's population is also growing, especially with more foreign residents moving in. By 2022, 127,836 foreign citizens called the city home, adding to the housing demand. Even though there are urban development projects underway, they often can't keep up with the rising need for housing.
These projects, while helpful, frequently fall short, leading to continued price hikes. The combination of a growing population and limited housing supply means prices are likely to keep climbing.
Sources: Immobiliare.it, Auraree, Statista
5) Rental yields in older, less developed neighborhoods will stay flat
Rental yields in older, less developed neighborhoods in Turin are likely to remain stagnant due to several key factors. First, there's a low demand for rental properties in these areas. Neighborhoods like Cenisia and Cit Turin, which have an industrial past, are not as popular because they are busy and lack green spaces.
Additionally, high vacancy rates in less developed areas further indicate low rental demand. For example, Barriera di Lanzo and Falchera offer cheaper housing but have higher vacancy rates compared to more desirable areas like Centro storico. This means fewer people are interested in renting there, which keeps rental yields low.
Moreover, these older neighborhoods often lack modern infrastructure, making them less appealing to potential tenants. Borgo Po, for instance, is not well served by public transport, which is a significant drawback for those who rely on it. This lack of convenience can deter renters, contributing to stagnant rental yields.
Sources: Housing Anywhere, Statista
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6) Interest in Crocetta properties will drop as newer developments with modern amenities attract buyers elsewhere
Turin is buzzing with new property developments in 2023 and 2024.
With 824 new listings in 2024, areas like Via Lagrange and Nizza-Millefonti are the new go-to spots for modern living. Projects like "Palazzo Bernini" and "Enneventotto" are catching eyes with their contemporary amenities and sleek finishes. These developments are not just buildings; they're lifestyle upgrades.
People are now looking for homes that offer energy efficiency and modern infrastructure. This shift is backed by urban planning that focuses on sustainability and a revamped metro system, making these areas more accessible and attractive. It's all about living smarter and greener.
Meanwhile, the Crocetta district, with its old-world charm, is finding it hard to keep up. Even though property prices in Crocetta saw a slight bump in 2024, it’s not enough to lure buyers who crave modern amenities. Younger folks are moving to places that offer contemporary living spaces and better infrastructure.
Real estate agents are noticing this trend, as buyers are steering away from older districts like Crocetta. The demand is shifting towards areas that promise a modern lifestyle, leaving Crocetta in the dust.
Sources: Immobiliare.it, Auraree.com
7) More foreign investors will be interested in Turin's tech-focused districts
Interest from foreign investors in the tech-driven districts of Turin is likely to grow due to several compelling factors. First, the rising property prices in these areas indicate a strong demand and a thriving real estate market. In November 2024, the average price for properties in Turin's tech districts increased by 6.03% compared to December 2023, reflecting the area's growing appeal.
Additionally, the increased number of tech startups and companies setting up offices in Turin highlights the city's evolution as a key player in the tech sector. This growth is supported by government incentives aimed at attracting foreign direct investments, such as the "InvestItalia" agency, which promotes Italy as an attractive destination for foreign investors.
Moreover, improved infrastructure and connectivity, with Telecom Italia's rollout of ultra-broadband services, enhances Turin's attractiveness as a tech hub. The expansion of coworking spaces and innovation hubs further supports the ecosystem, making it easier for tech startups and foreign investors to thrive in the city.
Sources: Immobiliare.it, Pearl Lemon Properties, Connect Europe
8) Interest in eco-friendly properties in Turin will grow among foreign buyers
Foreign buyers are increasingly drawn to eco-friendly properties in Turin.
Across Europe, including Turin, there's a noticeable shift towards sustainable housing. This isn't just a trend; it's driven by regulatory pressures and ESG priorities. In recent years, especially in 2023 and 2024, this demand has been on the rise.
International buyers are more conscious of climate change, which is why they're leaning towards eco-friendly properties. This shift in awareness is pushing interest in sustainable buildings and infrastructure. The Italian government is also on board, offering incentives to promote green building practices, which could further boost demand in Turin.
Turin is seeing a rise in eco-friendly property developers, signaling a growing market for sustainable housing. These developers are not just building; they're actively promoting properties that align with global trends towards sustainable urban living. Plus, with more green financing options available, investing in eco-friendly properties is becoming easier for buyers.
Sources: Deepki, Lightbox, Pearl Lemon Properties
We made this infographic to show you how property prices in Italy compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) More foreign buyers will focus on renovating historic properties in Turin
Foreign buyers are showing a keen interest in Italian real estate, thanks to government incentives and a focus on eco-friendly living.
With property prices soaring in Milan and Rome, many are turning their attention to Turin as a more affordable option. The lack of new developments and urban planning issues in these cities make Turin's historic properties even more appealing.
The Italian government is sweetening the deal with incentives like the "superbonus 110%" and "Ecobonus" schemes, offering significant tax breaks for energy-efficient renovations. These perks are particularly enticing for foreign buyers looking to make eco-friendly upgrades.
Turin is not just about affordability; it's also a cultural gem. Its rich heritage and stunning architecture are drawing in tourists and investors alike, eager to preserve and renovate its historic buildings.
Media buzz is painting Turin as a real estate hotspot, highlighting its charm and potential for renovation. This spotlight is likely to attract more foreign investors interested in restoring its historic properties.
Globally, there's a growing movement towards architectural preservation, and Turin is no exception. Investors are increasingly looking to restore historic properties as part of their strategy, driven by a desire to preserve cultural heritage.
Source: Unlocking Real Estate Value
10) Property demand in San Salvario will rise because of its lively culture and closeness to the city center
In recent years, San Salvario has become a hotspot for property demand, largely due to its vibrant cultural scene and strategic location near the city center. The neighborhood has seen a notable rise in property prices, with the average price per square meter reaching its peak in November 2024. This increase is a clear indicator of growing interest and investment in the area.
The cultural vibrancy of San Salvario is another major draw. The neighborhood hosts significant cultural events like the MITO SettembreMusica festival and the Salone Internazionale del Gusto, which attract diverse audiences and highlight the area's cultural significance. These events, along with the regular opening of new restaurants, cafes, and bars, contribute to the lively atmosphere that appeals to many potential residents.
Moreover, San Salvario's proximity to the city center and excellent public transportation connections make it an attractive option for those who want easy access to city amenities while enjoying a unique cultural experience. This accessibility, combined with media coverage that often highlights the neighborhood's cultural attractions, further boosts its popularity.
Sources: Immobiliare.it, ESCP Blog, Pearl Lemon Properties, Culture Action Europe
11) Suburban rental yields will drop a little as more people choose city living
City living is becoming increasingly popular, especially in places like Turin.
In Turin, there's a buzz around urban life, with more people choosing to live in the city. This shift is largely due to improved city infrastructure and services, like the NTT project, which makes urban areas more appealing. The project aims to cut public transport wait times to just 8 minutes, making city life more convenient.
Young people are flocking to city centers for better job opportunities and vibrant cultural experiences. Turin is no exception, offering a lively urban environment that attracts this demographic. The city's efforts to enhance public transport are a big draw, making it easier for residents to enjoy everything the city has to offer.
Property prices in Turin's city center have seen a 5.48% increase since December 2023, reflecting the strong demand for urban living spaces. This surge in interest is partly due to media highlighting the perks of city life, like easy access to cultural events and public services.
As more people move to the city, suburban areas might lose some of their appeal to renters. This could lead to a slight dip in suburban rental yields, as the demand shifts towards urban properties.
With the focus on city living, Turin is becoming a hotspot for those seeking a dynamic lifestyle. The combination of improved infrastructure, job prospects, and cultural offerings makes it an attractive option for many.
Sources: Cushman & Wakefield, Immobiliare.it, Sustainable Bus
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12) Demand for home office spaces in Turin will grow due to remote work trends
In recent years, particularly in 2023 and 2024, there has been a noticeable increase in remote job postings in Turin. This trend suggests a growing demand for remote workers in the area, with numerous positions available for roles such as Data Governance And Process Data Modeler and Senior Site Reliability Engineer.
Surveys have shown that a significant number of workers in Turin prefer remote work arrangements. In fact, 65% of workers want to work remotely all the time, while 32% favor a hybrid schedule. This shift in work preferences is a strong indicator of the need for dedicated home office spaces.
The real estate market in Turin has responded to these changes by showing a growing interest in properties with dedicated office spaces. This is further supported by the increased sales of home office furniture and equipment, reflecting the broader trend of home office market growth in Italy.
Local architectural trends in Turin are also evolving to emphasize home office designs, recognizing the importance of having dedicated office areas within residential properties. This shift is mirrored in the testimonials from real estate agents who report that buyers are increasingly seeking homes with functional and comfortable working environments.
Sources: B2B Reviews, English Jobs, Statista
13) More young professionals seeking affordable housing will boost demand for co-living spaces
In recent years, Turin has experienced a significant rise in property prices, making traditional housing options less affordable for many young professionals. Despite an increase in the average annual salary, the high cost of living and housing prices have made co-living an attractive alternative.
Additionally, Turin has become a hub for job opportunities in various sectors, drawing in a large number of young professionals. This influx of individuals seeking employment has naturally led to a higher demand for affordable housing solutions, such as co-living spaces.
Moreover, surveys have shown a clear preference among millennials and Gen Z for flexible and affordable living arrangements. This trend is further supported by the projected growth of the co-living market in Italy, which is expected to expand significantly in the coming years.
Successful co-living developments in other European cities have demonstrated the benefits of these spaces, including affordability and community building. These examples provide a model for Turin, highlighting the potential advantages of co-living arrangements.
Sources: Allerenitalie, Pew Trusts, Grand View Research
14) Property values in Vanchiglia will rise as more artists and creatives move in
Vanchiglia has become a hotspot for artists and creatives, largely due to its numerous art galleries, studios, and workshops. These creative spaces are a clear sign that the area is attracting more artistic talent, which naturally draws in even more creatives looking for a vibrant community.
The area is also buzzing with cultural events and festivals, especially around Piazza Santa Giulia. These events not only bring in locals and tourists but also create a lively atmosphere that supports and encourages artistic expression. This kind of environment is very appealing to artists and creatives who thrive in culturally rich settings.
Moreover, the demand for co-working spaces tailored to artists in Vanchiglia is on the rise. This demand highlights the growing community of creatives who need collaborative spaces to work and innovate. As more artists move in, the area becomes even more attractive, leading to increased property sales and rental prices.
Media coverage and social media trends further amplify Vanchiglia's reputation as a creative hub. This positive attention draws more artists and creatives to the area, contributing to its cultural richness and, consequently, to the rise in property values.
Sources: Evendo
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Italy. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) Demand for rentals near universities in Turin will rise as the student population grows
The student population in Turin is on the rise, and this is great news for property investors.
The University of Turin is making waves by boosting its international appeal. With initiatives like double degree programs and numerous international agreements, more students are choosing Turin for their studies. This means a growing number of students will need places to live.
To sweeten the deal, the university is expanding its course offerings. They're adding Italian language classes for international students in English-taught programs, which is a big draw. Plus, the Buddy project pairs international students with local buddies, making it easier for them to settle in. This proactive approach is attracting more international students to the city.
But here's the catch: Turin's student housing is in short supply. As of 2024, there are only 74,000 student beds, with just 21,000 more expected by 2026. This shortage means high occupancy rates and a strong demand for more housing options.
Developers are catching on and investing in modern, purpose-built accommodations. They're responding to the growing student population and the limited supply of housing. This is a golden opportunity for property investors looking to tap into the student rental market.
With the student population set to grow, the demand for rental properties near universities is only going to increase. This makes Turin a promising spot for those looking to invest in real estate.
Sources: University of Turin, Unlocking Real Estate Value
16) Property values in Mirafiori Sud will drop as industrial sites remain prevalent
The Mirafiori Sud area in Turin is facing a potential drop in property values due to its industrial landscape.
People are less interested in living near factories, especially since remote work has become more popular after the pandemic. This shift means fewer folks are looking to buy homes in industrial zones like Mirafiori Sud.
Turin's history shows that areas dependent on one industry, such as the automotive sector, can struggle during economic slumps. Mirafiori Sud's connection to Fiat might make it vulnerable, affecting property prices negatively.
Surveys reveal that homebuyers prefer quieter neighborhoods without the hustle and bustle of industry. Concerns about pollution and noise make industrial areas less attractive, pushing potential buyers away from places like Mirafiori Sud.
The local government's focus on industrial growth over residential development could worsen the situation. More factories and fewer homes might lead to a further dip in property values.
Real estate reports indicate that property prices in industrial zones are not growing as fast as in other areas. This trend could spell trouble for Mirafiori Sud, hinting at a possible decline in its real estate market.
Sources: Pearl Lemon Properties, University of Turin
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.