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. 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 revocovery. Nevertheless, in 2020, due to the coronavirus (COVID-19) crisis, transactions saw a decrease. In 2020, all regions in the country recorded a decrease 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 24 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, Tuscany and Liguria have the most expensive properties in Italy. In 2020, all three regions registered an average transaction value slightly over 200 thousand euros.
Number of transactions in the residential real estate market in Italy from 2008 to 2020
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Agenzia delle Entrate. (May 20, 2021). Number of transactions in the residential real estate market in Italy from 2008 to 2020 [Graph]. In Statista. Retrieved January 25, 2022, from https://www.statista.com/statistics/915373/number-of-residential-real-estate-transactions-in-italy/
Agenzia delle Entrate. "Number of transactions in the residential real estate market in Italy from 2008 to 2020." Chart. May 20, 2021. Statista. Accessed January 25, 2022. https://www.statista.com/statistics/915373/number-of-residential-real-estate-transactions-in-italy/
Agenzia delle Entrate. (2021). Number of transactions in the residential real estate market in Italy from 2008 to 2020. Statista. Statista Inc.. Accessed: January 25, 2022. https://www.statista.com/statistics/915373/number-of-residential-real-estate-transactions-in-italy/
Agenzia delle Entrate. "Number of Transactions in The Residential Real Estate Market in Italy from 2008 to 2020." Statista, Statista Inc., 20 May 2021, https://www.statista.com/statistics/915373/number-of-residential-real-estate-transactions-in-italy/
Agenzia delle Entrate, Number of transactions in the residential real estate market in Italy from 2008 to 2020 Statista, https://www.statista.com/statistics/915373/number-of-residential-real-estate-transactions-in-italy/ (last visited January 25, 2022)
