The Italian housing market has seen a small slowdown in the third quarter of 2025, with the average price of second-hand homes falling 0.7% to €1,815 per square metre. Compared with last year, prices are down 1.9%, while September alone saw a 1% drop.
According to Vincenzo De Tommaso, Head of Research at idealista:
"Prices are moving differently across Italy. While smaller towns and provinces are seeing slight declines, major cities continue to grow thanks to lower interest rates and first-home incentives. The market is entering a phase of rebalancing, with strong values in main cities but weaker prices in outlying areas."
City highlights
In Italy’s main cities, trends are mixed. Some cities are seeing strong growth, while others remain stable or show modest increases.
- Biggest price rises: L’Aquila (+7.3%), Pordenone (+6.2%), Vicenza (+5.1%)
- Other notable increases: Trieste (+4.7%), Rimini (+4.2%), Como (+3.8%)
- Major cities growth: Bologna (+3%), Turin (+2.2%), Venice (+2%), Palermo & Padua (+1.4%)
- Smallest increases: Naples & Milan (+0.8%), Rome (+0.4%)
- Stable prices: Genoa, Piacenza, Matera
- Biggest drops: Belluno (-4.7%), Rovigo (-4.4%), Andria (-2.6%), Carrara (-2.3%)
Most expensive city: Milan (€5,143/m²), followed by Venice (€4,734/m²), Bolzano (€4,692/m²) and Florence (€4,542/m²).
Most affordable cities: Biella (€768/m²), Ragusa (€718/m²), Caltanissetta (€666/m²).
Province trends
Outside the main cities, provincial areas show more variation, with slightly more areas experiencing price falls than increases. Some provinces, especially in the north, are seeing strong growth.
- Biggest increases: Trieste (+4.3%), Pordenone (+3.5%)
- Biggest declines: Gorizia (-3%), Rovigo (-2.7%)
- Milan province: +0.4% | Rome province: -0.6%
Highest provincial prices: Bolzano (€4,480/m²), Milan (€3,616/m²), Lucca (€3,134/m²), Savona (€3,070/m²).
Lowest provincial prices: Biella (€613/m²), Caltanissetta (€636/m²), Isernia (€698/m²).
Regional trends
At the regional level, most areas have seen small declines, but northern regions continue to show moderate growth. Southern regions remain the most affordable for buyers.
- Largest declines: Lazio (-1.3%), Campania & Sardinia (-1.2%), Valle d’Aosta, Basilicata & Molise (-1.1%)
- Stable: Piedmont, Calabria
- Rising regions: Veneto (+1.8%), Friuli-Venezia Giulia (+1.3%), Emilia-Romagna (+0.4%), Trentino-Alto Adige (+0.2%)
Most expensive regions: Trentino-Alto Adige (€3,158/m²), Valle d’Aosta (€2,480/m²), Liguria (€2,477/m²)
Most affordable regions: Calabria (€911/m²), Molise (€915/m²)
Key takeaway: Prices in Italy are slightly down overall, but major cities and northern regions remain strong, while smaller towns and southern provinces see more moderate trends — offering opportunities for buyers looking for value.
For more on house prices in Italy, keep up to date with the idealista price report.