Italy Real Estate Prices 2023

In 2023, the average home price in Italy is $380,000 for a 2,000-square-foot home, based on a price per square foot of $190. Compared to the Spanish real estate market and Portuguese real estate, buying a home in Italy is more affordable than both.

Italian real estate is among the most desirable in Europe, with many foreigners from different parts of the world buying homes in Italy. Despite the consistent demand, house prices in Italy remain stable, having increased by only 2% compared to the previous year.

Italy house prices by region, in US dollars

The most expensive region to buy a house in Italy is the spectacular Trentino-South Tyrol, in most northern part of Italy, where a 2,000 square foot home costs on average $592,000. That’s a price per square foot of $296. Real estate prices in the region of Trentino-South Tyrol increased by 10% year over year.

Aosta Valley is the second most expensive region to buy a house in Italy. An average 2,000 sqft home goes for $534,000, since the price per square foot is $267. Real estate prices in Aosta Valley remained unchanged  compared to the previous year.

The third most expensive region to buy a house in Italy is Liguria, where an average home costs around $512,000 or $256 per square foot. Liguria’s average home prices have not increased year over year.

Here’s how much a house costs on average in each of the 20 regions of Italy: 

The most affordable region in Italy to buy a house is Molise, a central-southern region of Italy, where you can purchase a 2,000 square foot home for as little as $180,000 on average, or $90 per square foot. Moreover, real estate prices in Molise saw only a modest increase of 2% compared to the same time last year. 

The second cheapest homes in Italy are in Calabria. The average home price in this Southern region is $186,000, or $94 per square foot. Home prices in Calabria are virtually at the same level they were one year prior.

The third most affordable homes for sale in Italy are in Sicily. The cost of an average 2,000 sqft house in Sicily is $212,000, at $106 per square foot. Real estate prices in Sicily, Italy have been stable year over year.

Italy house prices by region, in euro

An average 200 square meter house in Italy costs around €369,400, or €1,847 per square meter. The highest house prices in Italy are in the Trentino-South Tyrol region, where a 200 square meter home costs €560,800. This is based on a cost per square meter of €2,804.

The cheapest house prices in Italy are in the region of Molise, where an average-sized home goes for €172,600. That is on average €863 per square meter.

Italy real estate prices by city

The cost to buy a home in Italy’s major cities varies greatly from north to south. In Milan, the most cosmopolitan city in Italy, a 2,000 square foot home can cost as much as $1 million, more precisely $1,018,000, at a price per square foot of $509, the most expensive of the largest cities in Italy.

Other expensive locations to buy a house in Italy include: Bologna, where the average price is above $700,000, Rome, where houses cost more than $600,000 and in Florence $840,000.

Among the highest increases in prices were registered in Naples, up 10% compared to a year ago, as well as in Trieste, were real estate prices increased by 11% in one year. 

Here’s how much it costs to buy a house in Italy’s top 10 largest cities: 

Rome $ 612,000
Milan $1,018,000
Naples $538,000
Turin $382,000
Palermo $270,000
Genoa $284,000
Bologna $712,000
Florence $840,000
Bari $382,000
Catania $246,000

To check the average price of real estate in Italy’s top 100 largest cities, search the tables below:

 

In Euros, the most expensive city to buy property is Milan, Lombardy, with an average price of €996,800, while the cheapest city is Caltanissetta, Sicily, where a home costs on average €144,800. 

Rome house prices average close to €600,000 for a 200 square meter house. A similar sized house costs €821,400 in Florence, €882,400 in Venice, and €526,800 in Naples. Search cities the table below to find out what a home costs in Italy by city.

 

Methodology:

When using or citing this data, please give credit to My Dolce Casa by linking to this report
Italy home price data source: Idealista.it valid as of October 2023
Original prices published in euros per square meter
Euros converted to U.S. dollars at an exchange rate valid as of the date of this report
Square meters converted to square feet
The average price of a 2,000 square foot home was calculated by multiplying the price per square foot in USD by 2,000
The average price of a 200 square meter home was calculated by multiplying the price per square meter in Euro by 200

The post Italy Real Estate Prices 2023 appeared first on My Dolce Casa.

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