Authored by the expert who managed and guided the team behind the Italy Property Pack
Yes, the analysis of Umbria's property market is included in our pack
What do the latest numbers reveal about Umbria’s real estate market? Are property prices on the rise, or are they stabilizing? Which towns 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 Umbria, 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.
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1) Umbria's average property price rose by 3% in 2024
In 2024, property prices in Umbria rose by 3%, driven by several factors.
By October 2024, the average price for residential properties in Umbria was €1,159 per square meter. This was especially noticeable in Perugia, where prices climbed to €1,212 per square meter, while Terni remained more affordable at €1,006 per square meter.
Come November 2024, the average price in Umbria hit a peak of €1,162 per square meter. This marked a 2.38% increase from December 2023, showing a consistent rise in property values throughout the year.
In Preci, a small town in Umbria, the average price in October 2024 was €592 per square meter. This was a significant jump of 20.08% from the previous year, highlighting how some areas saw more dramatic increases.
These figures suggest that while the overall region experienced growth, certain towns like Preci contributed notably to the upward trend.
Sources: Cercocasa Umbria, Immobiliare.it
2) Properties sold in Umbria with modern amenities rose by 11% in 2024
The number of properties sold in Umbria with modern amenities increased by 11% in 2024.
In October 2024, the average price of residential properties in Umbria was €1,159 per square meter, rising slightly to €1,162 by November. This steady increase shows a strong real estate market, which naturally draws in more buyers.
There's a noticeable surge in demand for properties in Umbria, especially from international buyers, mainly from Northern Europe. These buyers are particularly interested in new, energy-efficient homes, which are considered modern amenities. However, the limited supply of such homes is pushing both demand and prices higher.
Regional differences highlight that areas like Perugia have experienced significant price hikes, indicating a thriving market for modern properties. This mix of rising prices, international interest, and a focus on energy efficiency likely contributed to the increase in sales of properties with modern amenities.
Sources: Cercocasa Umbria, Immobiliare.it, Radio Galileo
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.
3) The average price per square meter for properties in Umbria was €1,800 in 2024
The average price per square meter for properties in Umbria in 2024 was reported as €1,800.
However, in October 2024, the numbers told a different story. The average price per square meter was actually €1,159, with Perugia leading at €1,212 and Terni trailing at €1,006. This shows a clear regional variation, but nowhere near €1,800.
Adding to this, another source highlighted that the average home price translated to about €1,068 per square meter. This further supports the idea that the €1,800 figure might be off the mark.
These figures suggest that while Umbria offers diverse pricing, the average remains significantly lower than the reported €1,800. The data from different sources consistently points to a more modest pricing landscape.
For potential buyers, this means that Umbria could be more affordable than initially thought, offering a range of options without breaking the bank. The numbers reflect a market that is accessible and varied, catering to different budgets.
Sources: Cercocasa Umbria, Realpoint Property, Immobiliare.it
4) By 2025, 20% of properties in Umbria are anticipated to be bought for investment purposes
In 2025, 20% of properties in Umbria are expected to be purchased for investment purposes.
Umbria's charm lies in its stunning landscapes and luxurious villas, making it a top choice for holiday homes or investment properties. This allure is well-documented by sources like Special Umbria, which highlight the region's investment potential.
Compared to its neighbor Tuscany, Umbria offers more affordable real estate options. According to Overseas Dream Home, prices in Umbria are significantly lower, attracting investors who want to own Italian property without the hefty price tag of more renowned areas.
The Italian real estate market is on an upswing, with increased transactions and renewed interest expected in 2025. This positive trend suggests that a substantial portion of Umbria's market could be driven by investment.
Investors are drawn to Umbria not just for its beauty but also for its value proposition. The region offers a unique blend of affordability and luxury, making it a smart choice for those looking to invest in Italy.
With the market's positive outlook, Umbria stands out as a promising investment destination. The combination of lower costs and high potential returns makes it an attractive option for property buyers.
Sources: Special Umbria, Overseas Dream Home, IB Post
5) By 2025, renovating a property in Umbria is expected to cost €1,200 per square meter
In 2025, renovating a property in Umbria will average €1,200 per square meter.
This figure comes from observing trends over recent years. In 2023 and 2024, renovation costs in Italy varied widely, influenced by the type of room and the extent of the work. For example, Idealista noted that costs could range from €250 to €2,000 per square meter, depending on whether you’re doing basic updates or going for luxury finishes.
By 2025, the €1,200 per square meter in Umbria is expected to be a middle ground, balancing between basic and high-end renovations. This average reflects a realistic expectation for those looking to invest in property upgrades in the region.
Gruppo Castaldi provided insights into overall renovation costs for different property sizes, but they didn’t break it down by region. However, the general trend across Italy shows increasing renovation expenses, suggesting that Umbria's costs will likely align with the national average.
So, if you're considering buying a property in Umbria, budgeting around €1,200 per square meter for renovations is a smart move. This estimate gives you a solid foundation for planning your investment.
Keep in mind that these costs can fluctuate based on specific needs and market conditions, but €1,200 is a reliable benchmark for the region.
Sources: Idealista, Gruppo Castaldi
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6) By 2025, 25% of properties sold in Umbria are expected to be in urban areas
In 2025, 25% of properties sold in Umbria are expected to be in urban areas.
Property prices in Umbria have been climbing, with a 2.38% increase from December 2023 to November 2024. This rise shows a growing demand, especially in urban areas where amenities and infrastructure are more developed. People are drawn to the convenience and lifestyle that cities offer, making urban properties more appealing.
The region has also seen a 14.2% growth in property transactions in 2024 compared to the previous year. This surge is partly because mortgage interest rates have dropped, making it easier for buyers to invest. Urban areas, with their vibrant communities and job opportunities, are particularly attractive to these new buyers.
While we don't have exact numbers for urban property sales in 2025, the trend is clear. There's a balanced interest in both urban and rural areas, but economic factors like lower interest rates and rising property values suggest a strong urban market. Buyers are looking for both investment opportunities and lifestyle improvements, which urban areas can provide.
Economic conditions are playing a big role in this shift. With more people able to afford homes, urban areas are seeing a boost in interest. The combination of lower mortgage rates and rising property values is creating a perfect storm for urban property sales.
Sources: Immobiliare.it, IBPost, Confcommercio
7) Property maintenance in Umbria averaged €2,000 annually in 2024
In 2024, the average cost of property maintenance in Umbria was €2,000 annually.
To put this into perspective, property prices in Italy averaged around €1,719 per square meter, which is fairly typical compared to other European nations. This baseline helps explain why maintenance costs are what they are, as properties in this price bracket often need regular upkeep to retain their value.
When it comes to renovating, especially for rustic homes or farmhouses, costs can vary widely, ranging from €600 to €1,200 per square meter. This range shows that maintenance expenses can fluctuate depending on the property's condition and the quality of materials chosen.
Local regulations in Umbria, detailed in the regional list of prices and minimum labor costs for construction, indicate that labor and material costs are standardized. This standardization can have a direct impact on the annual maintenance expenses for property owners.
Understanding these factors can help potential buyers anticipate the financial commitment involved in maintaining a property in Umbria. The combination of property prices, renovation costs, and local regulations all play a role in shaping the €2,000 annual maintenance cost.
For those considering a purchase, it's crucial to factor in these elements to ensure a comprehensive understanding of the ongoing expenses associated with property ownership in this picturesque region.
Sources: Stile Country Classico, Immobiliare Italiano, Regione Umbria
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.