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 do the latest numbers reveal about Turin’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Turin, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
1) By 2025, property maintenance in Turin will average €1,200 annually
In 2025, property maintenance in Turin costs an average of €1,200 annually.
Turin's lower cost of living compared to cities like Rome and Milan plays a big role in this. Median rent prices in Turin are 38.5% lower than in Rome, hinting that other expenses, including maintenance, are also more affordable.
While Italy's general maintenance costs for a 100-square-meter property range from €10,000 to €11,000 annually, this figure includes mortgage payments and utility bills. Excluding these, Turin's specific maintenance costs are likely much lower due to its affordable living standards.
Even without direct evidence, it's reasonable to believe that Turin's maintenance costs are on the lower end when considering Italy's broader property maintenance trends.
Sources: Housing Anywhere, Business Online
2) In 2024, 13% of properties sold in Turin were in the city center
In 2024, 13% of properties sold in Turin were located in the city center.
Turin's real estate market has been quite stable, with a slight uptick in property prices. In November 2024, the median price for homes in the city center was €3,808 per square meter, which is much higher than areas like Aurora, Barriera di Milano, and Rebaudengo, where it was €1,218 per square meter. This big price gap shows that the city center is in high demand, making it a hot spot for buyers.
Even though there was a small drop in the total number of property sales in Turin recently, with 14,880 property transactions in 2023, the market stayed strong. Over 19,000 properties were sold in the province of Turin, indicating a continued interest in real estate. The city center, with its higher prices, likely drew a good chunk of these sales.
Looking ahead, predictions for 2024 pointed to a stable market with a chance of rising property prices, especially if mortgage interest rates went down. This stability and potential for price growth would have made the city center an attractive option for buyers looking to invest in a valuable area.
Sources: Fiaip, 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) By 2025, a bathroom renovation in Turin will average €5,000
In 2025, the average cost of a bathroom renovation in Turin is €5,000.
This figure is drawn from data over the past couple of years, where in 2024, the cost for a standard bathroom renovation ranged from €4,000 to €6,000. This range indicates that €5,000 is a sensible midpoint for a typical renovation project.
Costs can fluctuate based on the materials and complexity involved. For example, choosing high-end materials or intricate designs can push the price up, sometimes reaching €10,000 or more.
For those sticking to a standard renovation without lavish choices, €5,000 remains a practical estimate. This average covers essential updates like plumbing, fixtures, and finishes, which are common in most bathroom makeovers.
It's important to note that these costs reflect typical renovations, not luxury upgrades. The €5,000 estimate is based on the need to update basic elements like plumbing and fixtures, which are standard in most projects.
So, if you're planning a bathroom renovation in Turin, expect to budget around €5,000 for a standard project, unless you're aiming for something more extravagant.
Source: Unosguardosutorino.it
4) By 2025, a kitchen renovation in Turin will average €10,000
In 2025, the average cost of a kitchen renovation in Turin is €10,000.
This price fits well within the typical range for kitchen makeovers in the city, which usually falls between €7,000 and €12,000. The final cost can vary based on how complex the project is and the quality of materials you choose. For instance, if you're opting for a straightforward update, you might spend between €4,000 and €6,000. But if you're going for a more elaborate design with high-end finishes, the price can easily hit or exceed €10,000.
In Turin, this €10,000 average is a solid benchmark for a mid-range kitchen renovation. It reflects the local market and what most homeowners are likely to spend. While prices can differ in other regions, like the United States where kitchen remodels often cost more, Turin's average is shaped by its own market dynamics and typical renovation projects.
So, if you're planning to update your kitchen in Turin, using €10,000 as a guide is a practical starting point. It gives you a realistic idea of what to expect, whether you're doing a basic refresh or something more upscale. This figure is not just a number; it represents the balance between quality and cost that many homeowners in Turin aim for.
Sources: Unosguardosutorino, Angi
5) By 2025, properties sold in Turin will average 3 bedrooms
In 2023, property prices in Turin saw a general increase, with areas like Parella-Aeronautica experiencing a notable 5% rise.
This surge was largely due to urban renewal projects in the city center and Piazza San Carlo, which have attracted more buyers to these vibrant areas. The charm of these locations, combined with modern amenities, makes them highly desirable.
Looking ahead to 2025, the market is expected to continue its upward trend, with a predicted 2.5% increase in property prices. This growth is supported by a stable economy and a growing interest from both investors and families looking to settle in Turin.
Currently, the average price per square meter in Turin is about €2,000. However, in the historical city center, prices can reach up to €3,500 per square meter, while more affordable options are available in the outer areas at around €1,300.
These price differences significantly impact the types of properties being sold, particularly influencing the average number of bedrooms in homes. In 2025, the average number of bedrooms in properties sold in Turin is expected to be 3.
Such variations in property types and prices reflect the diverse needs and preferences of buyers, from those seeking luxury in the city center to those looking for more space in the suburbs.
Sources: TorinoToday, TorinoCronaca, N26
Get to know the market before you buy a property in Turin
Better information leads to better decisions. Get all the data you need before investing a large amount of money. Download our guide.
6) Property prices in Turin rose by at least 3% in 2024 compared to the previous year
In 2024, property prices in Turin increased by at least 3% compared to the previous year.
Back in 2023, the Fiaip Torino Report noted a 2.7% rise in property prices, setting the stage for further growth. This trend continued into 2024, with the ASPESI Torino Report revealing that by May, the average sale price for residential real estate in Turin had reached 2,000 euros per square meter.
While the ASPESI report didn't specify the exact percentage increase, the numbers clearly show a significant upward trend. By October 2024, Statista data highlighted that in the inner-city center of Turin, the average sale price was about 3,800 euros per square meter, which is considerably higher than the city's average.
This difference in pricing between the city center and other areas suggests a continued rise in property values across Turin. The inner-city's higher prices reflect its desirability and the ongoing demand for properties in prime locations.
These reports collectively indicate that Turin's real estate market is experiencing a robust growth phase. The increase in property prices is not just a temporary spike but part of a larger trend that has been building over the past few years.
For potential buyers, this means that investing in Turin's property market could be a wise decision, as the value of properties is likely to continue rising. The data from 2024 supports the idea that Turin is becoming an increasingly attractive location for real estate investment.
Sources: ASPESI Torino Report 2024, Statista Data, Fiaip Torino Report 2023
7) By 2025, Turin's average property tax rate will be 1.2% of the property's value
In 2025, the average property tax rate in Turin is 1.2% of the property's value.
This rate is part of Italy's property tax system, known as IMU, or Imposta Municipale Propria. The IMU is calculated based on the property's cadastre value, which is an official valuation used for tax purposes. This means that the tax you pay is not directly on the market value but on this specific valuation.
In 2023 and 2024, the IMU rate for non-residential properties in Italy generally ranged between 0.86% and 1.06% of the cadastre value. However, some municipalities had the flexibility to set higher rates. This flexibility is likely why Turin's rate is at 1.2% in 2025, as local authorities can adjust rates based on their financial needs.
To get a clear picture of why Turin's rate is set at 1.2%, you would need to check the local tax regulations or any announcements from the Comune of Turin for 2025. These sources would provide the most accurate and up-to-date information on any changes or specific factors influencing the rate.
Understanding these local nuances is crucial if you're considering buying property in Turin. The property tax rate can significantly impact your overall costs, so it's essential to be informed about how these rates are determined and any potential changes.
For more detailed insights, you might want to explore resources that discuss the broader context of property taxes in Italy, as they can offer a deeper understanding of how Turin's rates fit into the national framework.
Sources: Italy House Hunting, Inpoi Blog
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.