Italy: number of transactions in the residential real estate market 2008-2018

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 thousand in 2013). After that year, the number of transactions in the residential real estate market started to grow and reached 566 thousand in 2018. 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 recovered in the following years, when it registered a positive trend. In 2018, all regions in the country, except for Basilicata in the South and Liguria in the North-West, 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 23 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 Lazio, Liguria and Tuscany have the most expensive properties in Italy. In 2018, all three regions registered an average transaction value of 210 thousand euros.