Average price for properties for sale in Florence Italy 2020, 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 September 2020, residential properties in districts like Michelangelo, Porta Romana, Oltrarno (all located on the other side of the river Arno compared to the 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 to four 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 four thousand euros per square meter as of September 2020. In comparison, Florence's prices position themselves in the middle between Rome's and Milan's averages. Residential properties in Rome, for instance, registered an average price of 3.2 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 the Italian city of Florence as of September 2020, by area

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Source

Release date

October 2020

Region

Italy

Survey time period

September 2020

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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