The luxury segment operates on a different wavelength from the traditional real estate market in Italy, with trends that often defy general norms. Moreover, each city has its own unique dynamics, influenced by local events such as Milan's Expo 2015 or Rome's Jubilee this year.

Over the past year, the price of pre-owned homes in Italy has increased by 2.2%, reaching an average value of €1,880 per square metre. In addition to the markets in major Italian cities, prices are also prohibitive in the most exclusive tourist destinations.

Every Italian province has at least one property for sale on idealista valued at over one million euros, but the distribution across the country is far from uniform. In fact, over 30% of properties priced between one and three million euros are concentrated in Tuscany. The top three in the ranking are Lucca (9.5%), Milan (8.2%), and Florence (7.8%). Rome is slightly further behind (6.9%).