Naples
Danilo D'Agostino on Unsplash

The real estate market in Naples is showing a strong increase, with pre-owned house prices rising by 2.6% in the first quarter of 2024, bringing the average price to 2,823 euros per square metre. This increase corresponds to a year-on-year rise of 11.5%, highlighting the vibrancy of the residential sector in the Neapolitan city. Let's take a closer look at the data. 

House price trends in Naples

Price trends in Naples varied considerably among the 10 areas monitored by idealista: while five registered an increase, four others saw a decrease. Among the areas with the most significant increases in the quarter were Pianura-Soccavo-Camaldoli (2.5%), Centro Storico (1.5%) and Poggioreale-Vicaria (1.3%). Capodimonte-Materdei-San Carlo all'Arena and Ponticelli-San Giovanni a Teduccio also showed an increase of 0.2%. In contrast, the Secondigliano-Capodichino and Chiaiano-Zona Ospedaliera-Scampia districts recorded decreases of -4.6% and -2.8% respectively. After the winter months, the districts of Vomero-Arenella (-0.8%) and Posillipo-Chiaia-San Ferdinando (-0.3%) also recorded a setback.

Posillipo-Chiaia-San Ferdinando is also confirmed as the city's most expensive district, with an average price of 4,705 euros. This is followed by the districts of Vomero-Arenella (4,048 euro/m2), Fuorigrotta-Bagnoli (2,730 euros/m2) and Centro Storico (2,509 euros/m2). The other six neighbourhoods analysed by idealista have prices ranging from 2,324 euros/square metre in Capodimonte-Materdei-San Carlo all'Arena to 1,379 euros/square metre in Ponticelli-San Giovanni a Teduccio, the cheapest area for buying a house at the foot of Vesuvius.

According to Vincenzo De Tommaso, Head of Idealista's Studies Office in Italy: "The property market in Naples is reaching record levels, driven by the growing demand for homes and the shortage of available properties. The centralisation towards the city centre, especially in the most sought-after neighbourhoods, is becoming increasingly evident. It is important to be aware of market dynamics and owners' expectations in order to navigate this rapidly changing real estate environment'.

The cheapest and most expensive areas in Naples

Capri remains the most expensive municipality in the province of Naples, with an average price of €9,543 per square metre, followed by Anacapri (€7,027/m2), Massa Lubrense (€4,173/m2), Ischia (€3,695/m2) and Vico Equense (€3,419/m2).

On the opposite side of the ranking of property values in the province of Naples, Roccarainola (899 euro/m2) and Cicciano (962 euro/m2), both with prices below one thousand euro per square metre, are the most convenient municipalities for purchasing a property.

The complete price report on the province of Naples can be consulted here.

Rising house prices in Italy despite market slowdown

The price of pre-owned homes in Italy closed the winter months with an increase of 0.6 per cent, with the value per square metre standing at 1,850 euros. On an annual level, real estate values grew by 2 per cent.

There has been an upward trend in 16 out of 20 regions in Italy, and A predominantly positive trend also in the provincial markets, with 68 out of 107 areas closing the quarter in positive territory. There has been almost similar behaviour for the provincial capitals, as 67 out of 106 centres monitored recorded an increase in sellers' expectations.

Milan maintained a price close to the 5,000 euros per square metre threshold thanks to the stability recorded in the last quarter. However, on an annual basis, there was a 1.6 per cent year-on-year price increase. House values in Milan continue to remain at their peak after the steady increases of recent years.

In Rome, owners' expectations registered a slight marginal increase of 0.1%, bringing the price per square metre to 3,021 euros. Compared to the same period last year, house prices in the capital remain practically stable, with a change of -0.1%. However, the current price is 29% lower than the peak reached in the capital in May 2012.

In the panorama of large markets, Naples stands out with the largest increase in the quarter, recording a 2.6% rise that brings the price per square metre to 2,823 euros. Compared to the previous year, an increase of 11.5% is observed, although it is still 9.7% lower than the peak reached in May 2012.

The general price trend saw 67 capitals in a positive trend, with Belluno and Vercelli standing out at the top of the quarterly increases, with 8.4% and 5.4% respectively, followed by Trieste and Aosta (both 4.6%). At the other end of the scale, the largest downward indices in the winter months were in Cuneo (-7.8%), Oristano (-5.7%) and Macerata (-5.1%).

Looking at the performance of Italy's main property markets, widespread increases can be observed, such as the notable 4.2% increase in Padua, together with the increases recorded in Florence (1.5%), Genoa (1.4%) and Palermo (1.2%). In addition, more modest increases were found in Catania (0.9%), Cagliari (0.8%), Turin (0.7%), Bari (0.5%) and Venice (0.2%). The only negative sign of the quarter is recorded in Bologna, with a decrease of 0.8%.

Milan (4,988 euro/m2) remains at the top of the price ranking ahead of Bolzano (4,477 euro/m2), Venice (4,466 euro/m2) and Florence (4,006 euro/m2). In the ranking of the most expensive cities, Bologna (3,452 euro/m2) is in fifth place, ahead of Rome (3,021 euro/m2); Naples (2,823 euro/m2) is ninth in the ranking of house prices per square metre. As of this quarter, Caltanissetta (732 euro/m2) becomes the cheapest city in Italy to buy a house, followed by Biella (750 euro/m2) and Ragusa (750 euro/m2).

Find property for sale in Italy with idealista