Houses prices in Italy have dropped by 2.9% in one year

According to data from the research office of the real estate portal, idealista, the decrease in house prices Italy continues. The prices only increase in Tuscany (+1,2%) while the largest drop was recorded in Sardinia (-14,8%).

Tuscany (2,234 euros/m2) is the only Italian region with an exception. In the rest of the country, the regional data shows a drop in house prices with regards to data twelve months ago. As well as the data already highlighted about Sardinia (1,522 euros/m2), the decrease of -8.9% in the Aosta Valley and and -7% in Lazio are also highlighted.

However, despite the substantial drop in prices, the Aosta Valley is at the same time the Italian region where the highest average prices are recorded: 2.396 euros/m2. Following on are Liguria (2,513 euros/m2 and -4.2%), Trentino Alto-Adige (2,349 euros/m2 and -1.9%) and Lazio (2,117 euros/m2 and -7%), where the market is driven by Rome (2,293 euros/m2).

Lombardy (1,706 euros/m2 and -1.1%), also has a similar situation, with Milan being the most expensive city in Italy (2,352 euros/m2 and +5.4%), followed by Sondrio (1,765 euros/m2), Como (1,752 euros/m2) and Brescia (1,705 euros/m2). Mantua (1,037 euros/m2), Pavia (1,072 euros m/2) and Cremona (1,073 euros/m2) appear in the other extreme of the ranking.

Tuscany is also the region in which its capital records the highest prices: 2,816 euros m/2 in Florence. But the cities of Lucca (2,514), Grosseto (2,416), Massa-Carrara (2,201), Livorno (2,160) and Siena (2,022) also surpass 2000 euros/m2.

In Liguria (2,513 euros m/2 and -4.2% on average) a different situation is seen: the capital Genova is the least expensive city (2,088 euro/m2, while Savona is the most expensive (3,154 euros/m2). Followed by Imperia (2,645 euros/m2) and La Spezia (2,246 euros/m2).

In the rest of the north of Italy, in the region of Veneto (1,444 euros/m2), Venice it the most expensive city (2,111 euros/m2). In Piedmont (1,262 euros/m2), Verbano-Cusio-Ossoloa (1,749 euros/m2) surpasses Turin (1,407 euros/m2). In Emilia-Romana, the most expensive cities to buy a property are Rimini (2,285 euros/m2) and Bologna (2,009 euros/m2), both with an increase of +1.3% and 0.9% respectively.

Between the regions in the Centre, as well as the already mentioned Tuscany and Lacio, there were also annual drops in las Marcas (-5.6%) and Umbira (-4.7%). In the first case, the most expensive houses are in Pesaro Urbino (1,727 euros/m2) and -3.6%). In the second case, there is a substantial balance between the two provinces: Perugia (1,143 euros/m2) and Terni (1,013 euros m/2).

Towards the south, in Abruzzo the mot expensive city is Pescara (1,307 euros/m2). In Molise the highest prices were recorded, although moderate compared to the rest of Italy, with 980 euros/m2 in Campobasso and 796 euros/m2 in Isernia. Something similar can also be said of Calabria (914 euros/m2 regional average), where however, the most expensive city was Vibo Valentia with 1,170 euros/m2.

In Campania (average of 1,618 euros/m2), the most expensive city is Naples (2,007 euros/m2). In Basilicata (1,229 euros/m2), 1,382 euros/m2 is needed to buy a house in Matera. In Apulia (1,178 euros/m2 on average), the most expensive city is the capital Bari (1,455 euros/m2).

With regards to the islands, the most expensive city in Sardinia is Cagliari (1,715 euros/m2), followed by Sassari (1,508 euros/m2). In Sicily (1,087 euros/m2 and -5.3%), Palermo (1,218 euros/m2) precedes Catania (1,195 euros/m2).