Number of transactions in residential real estate market in Italy 2008-2021

The number of transactions in the residential real estate market in Italy decreased in the period from 2008 to 2013, when it reached the lowest figure on record (389,000). After that year, the number of transactions in the residential real estate market started to grow and reached almost 604 thousand in 2019, before falling to 542,500 in 2020. In 2021, a significant increase to 748,523 transactions was observed. When looking at regional figures, Lombardy accounted for almost one in four transactions in the residential real estate sector.

Residential real estate in Italy

After struggling and reaching an all-time low in the years 2012 and 2013, the residential real estate market in Italy appears to have been on the path to recovery. Nevertheless, in 2020, due to the coronavirus (COVID-19) crisis, transactions decreased and by 2021,had mainly recovered. In 2021, all regions in the country recorded an increase in terms of transactions value in the sector. When looking at absolute numbers, Lombardy performed the best: the transactions’ value in the residential real estate sector in the region amounted to approximately 28.9 billion euros.

Lazio, Liguria, and Tuscany: the most expensive regions

Lombardy might be leading in terms of total transactions value, but it is not the region with the most valuable residential properties. In fact, calculations about the average price of transactions in the sector reveal that Tuscany, Lazio and Aosta Valley have the most expensive properties in Italy. In 2021, all three regions registered an average transaction value of slightly over 200 thousand euros.