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Italy · report

Past price cycles in Italy

Prices of existing homes have fallen by 3% or more once since 2010. That fall began in Q2 2011.

Deepest fall
−24.9%
Recovery from the low
Not yet

Prices in Italy, indexed

ISTAT's price index of existing homes, both set to 100 in Q1 2010.

  • Italy
  • 100 = Q1 2010
Show the numbers
PeriodItaly
Q2 202693.5
Q1 202692.2
Q4 202591.0
Q3 202590.4
Q2 202590.2
Q1 202588.1
Q4 202486.7
Q3 202486.7
Q2 202486.3
Q1 202483.9
Q4 202383.7
Q3 202384.4
Q2 202384.8
Q1 202383.3
Q4 202283.5
Q3 202284.1
Q2 202284.3
Q1 202283.1
Q4 202181.7
Q3 202181.7
Q2 202181.1
Q1 202179.6
Q4 202078.7
Q3 202078.5
Q2 202081.2
Q1 202078.6
Q4 201977.6
Q3 201978.0
Q2 201978.4
Q1 201977.2
Q4 201877.6
Q3 201877.9
Q2 201878.7
Q1 201878.2
Q4 201778.2
Q3 201779.0
Q2 201779.3
Q1 201779.0
Q4 201679.4
Q3 201680.2
Q2 201680.1
Q1 201679.5
Q4 201579.4
Q3 201580.0
Q2 201579.9
Q1 201579.6
Q4 201481.4
Q3 201483.0
Q2 201484.3
Q1 201485.3
Q4 201386.4
Q3 201387.8
Q2 201389.5
Q1 201389.8
Q4 201293.1
Q3 201296.0
Q2 201298.3
Q1 201299.7
Q4 2011100.7
Q3 2011102.0
Q2 2011102.8
Q1 2011100.4
Q4 2010101.1
Q3 2010101.9
Q2 2010101.3
Q1 2010100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
Q2 2011Q1 2019−24.9%93Not yet

Italy against the EU since 2015

Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.

  • Italy
  • EU
  • 2015 = 100
Show the numbers
PeriodItalyEU
Q2 2026121.0168.6
Q1 2026119.1166.5
Q4 2025118.0164.6
Q3 2025117.0163.5
Q2 2025116.4161.0
Q1 2025113.3158.5
Q4 2024113.5156.2
Q3 2024112.8155.1
Q2 2024112.0152.7
Q1 2024108.5149.8
Q4 2023108.7148.9
Q3 2023108.7149.1
Q2 2023108.8148.2
Q1 2023106.8147.6
Q4 2022106.8148.7
Q3 2022106.9150.9
Q2 2022108.1149.6
Q1 2022105.7146.2
Q4 2021104.0143.2
Q3 2021103.9140.2
Q2 2021102.8136.0
Q1 2021101.1132.1
Q4 2020100.0129.8
Q3 202099.8128.1
Q2 2020102.4126.3
Q1 202099.4124.4
Q4 201998.5122.7
Q3 201998.8121.5
Q2 201999.1119.8
Q1 201997.7117.6
Q4 201898.3116.8
Q3 201898.4115.9
Q2 201899.2114.2
Q1 201898.6112.3
Q4 201798.8111.2
Q3 201799.2110.4
Q2 201799.6108.8
Q1 201799.1106.9
Q4 2016100.0106.1
Q3 2016100.7105.4
Q2 2016100.5103.8
Q1 201699.8102.0
Q4 201599.8101.1
Q3 2015100.7100.8
Q2 201599.899.8
Q1 201599.798.3

ISTAT's price index of existing homes goes back to 2010 for Italy and for Turin, Milan and Rome, by quarter. Elsewhere the OMI's yearly valuations go back to 2016, so falls are dated by year and short dips inside a year do not show. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Italy

Affordability

At the average OMI valuation, a 90 m² home costs €134,190. With 10% down and a 30-year mortgage, the payment is €546 a month. Italy sets no cap on the payment; lenders must assess each borrower's creditworthiness.

Payment, two incomes
10%
Payment, one income
21%

New homes

1.6% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
53,036
Per 1,000 residents
0.9

People and new homes

In 2025 the population fell by 636 while 51,908 new homes were granted a permit.

Homes permitted, 2025
51,908
Population change, 2025
−636

Empty homes

26.8% of the 35,597,857 homes counted in the 2023 census had nobody resident in them.

Empty, 2023 census
26.8%
Empty homes
9,555,902

Renovation

In 2025, 6% of the homes authorised were extensions of existing residential buildings.

Homes in existing buildings, 2025
6%

Public housing works

Public bodies signed €255.1M of housing works here in 2025, and €3.1B since 2017.

Signed in 2025
€255.1M
Per resident, 2025
€4