Average price for properties for sale in Florence, Italy by area 2019, by area

Selling prices for residential real estate in the city of Florence in Italy show significant differences depending on the area. In fact, as of October 2019, residential properties in districts like Michelangelo, Porta Romana, Oltrarno, (all located on the other side of the river Arno compared to historical city center) could fetch over five thousand euros per square meter. By contrast, areas like Firenze Sud and L’Isolotto, both relatively far from the city center, recorded an average selling price of approximately three thousand euros per square meter.

 Residential real estate in Florence compared to other major Italian cities 

    The residential real estate market in Florence seems to be doing well. Selling prices for residential properties increased overall in the last few years, reaching an average of 3.8 thousand euros per square meter as of October 2019. In comparison, cities like Rome and Milan can be cheaper on average. Residential properties in Rome, for instance, registered an average price of three thousand euros per square meter in the same month.  

 Office space in Italian cities 

    Due to more and more people moving to the cities, especially young graduates looking to start a new career, office space is also very in-demand in major cities around the world. Italy is no exception. This trend lead to an increase in price for office spaces in the north of the country. A few examples? An office in Venice can fetch on average 3.8 thousand euros per square meter. Setting up a workspace in Rome and Milan seems to be cheaper. In the two major Italian cities office space cost on average approximately three thousand euros per square meter.

Average price for residential real estate for sale in Florence, Italy as of October 2019, by area

Price in euros per square meter
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Source

Release date

November 2019

Region

Italy

Survey time period

October 2019

Supplementary notes

The source adds the following information: "The data shows the prices of houses, apartments and in general residential properties in Italy. Prices are the average prices of properties published on Immobiliare.it in Italy."

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Statistics on "Residential property market in Italy"

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