According to analysis conducted by idealista, Italy's leading real estate portal, there was a 3% increase in the number of homes for sale in the most recent quarter compared to the same period last year. This increase represents a significant acceleration in supply, considering that in Q3 2022 there was an 11% decrease in available properties compared to the year before.
Capitals
Seventy-three (73) Italian capitals register an increase in real estate supply.
Among the cities driving this growth are Benevento (35%), Sondrio (34%) and Campobasso (31%). Other increases ranged from 29% in Vercelli to 1% in Messina, Piacenza, Reggio Emilia and Trapani.
The variation of the offer for houses for sale in Italy
In the main urban markets, significant increases were noted in Bologna (15%), Milan (+14%) and Palermo (11%), while Rome (6%) and Turin (5%) also grew above the average for the period. Smaller rises in the other cities; no changes in Potenza, Genoa, Reggio Calabria and Vicenza.
On the other hand, reductions in real estate supply are observed in 30 chief towns, with the most pronounced decreases in Naples (-31%), Crotone (-25%), La Spezia (-22%) and Lodi (-20%). The remaining 26 cities saw decreases, including Florence (-11%) and Venice (-10%).
Provinces
Analysing the Italian provinces, a clear prevalence of supply increases emerges in 76 of the 106 areas monitored in the comparison with Q3 2022. The highest growth is recorded in Benevento (23%), followed by Bolzano, Trieste and Campobasso (all with 22%). Important increases are also found in Bologna and Palermo (16%) and Milan (9%). Smaller growth in Rome (6%), Turin (3%) and Naples (1%).
The change in the supply of houses for sale in Italy
No change is noted in the provinces of Belluno, Novara, Treviso, Biella and Reggio Emilia. In contrast, the largest reductions in real estate supply involve Lecco (-15%), Lodi, Crotone and Padua (all -13%). The other decreases, less than 10%, affected 21 areas, including -7% in Trento and Verbano-Cusio-Ossola and -1% in Aosta, Vibo Valentia and Livorno. Declines in the provinces of Florence and Venice (-6%) should also be noted.