The Italian real estate sector is growing up, this is what emerges from the 3rd Observatory on the Real Estate Market 2024 by Nomisma, which analysed the real estate performance in the main 13 Italian towns: Bari, Bologna, Cagliari, Catania, Florence, Genoa, Milan, Naples, Padua, Palermo, Rome, Turin and Venice. According to Nomisma, the positive trend depends basically on two factors: on the one hand, the resilience of household incomes, and on the other the restoration of a more favourable credit access conditions.

In 2024, the volume of purchases and sales also increased and real estate appreciated. The year-on-year increase in average prices for the monitored markets is quantifiable at +1.7%, for houses in excellent condition, and +1.5% for those in good condition. Considering average absorption times in the residential market, the report highlights how the trend taken to sell homes was downward over the last ten years, favouring transitions.

Source: Nomisma