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Average price for residential properties for sale in Italy 2020, by region

The highest average price for property in Italy as of August 2020 was registered in the region of Liguria (2,471 euros per square meter), followed by Trentino South-Tyrol (2,466 euros per square meter), and Aosta Valley (2,458 euros per square meter). These three regions ranked as the most expensive in the country also because of their strategic position, natural beauty and peculiarity. These characteristics makes them economically successful and, from a touristic point of view, appeal to a wealthy public.

Lombardy: the most active market in the sector

The region of Lombardy (which includes Milan) might not be as exclusive as the regions mentioned above, but its real estate market is the most active in Italy. In 2019, Lombardy registered over 130 thousand transactions in the residential real estate segment, increasing 5.9 percent compared to the previous year. Moreover, the total value of these transactions amounted to almost 24 billion euros.

Milan, an attractive destination for investments

Thanks to its role as a capital of business and finance as well as an innovation hub, Milan was able to attract human capital and investments, both domestic and foreign. The ability to grow and innovate was also reflected in the city’s real estate market, the most dynamic in the country. The number of transactions in residential real estate in Milan increased steadily since 2012 and so did prices: some areas of the city are among the most expensive in the country to buy a property.

Average price for residential properties for sale in Italy as of August 2020, by region

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Source

Release date

September 2020

Region

Italy

Survey time period

August 2020

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Statistics on "Real estate in Italy"

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