We are pleased to present our report on the real estate market of the main Italian cities for the first semester of 2024.
In the first quarter of 2024, the Italian residential market confirmed the expected decline in transactions (-7.2%), with double-digit negative results for some major cities, including Milan (-13.2%) and Turin (-10.2%). Rome, on the other hand, settled at -6.9%.
The sector remains resilient, mainly due to the growing demand for luxury properties, driven by both foreign and domestic buyers. Renovated properties with high energy efficiency are particularly sought after, especially in central and well-connected areas.
Prices remain stable despite the decrease in transactions.
For the rest of the year, a slight recovery is expected, also supported by the anticipated reduction in mortgage interest rates.
Click here to learn more about market trends and future forecasts by reading the full analysis.