Italy is Europe's calm market: official prices up 5.2% in a year — a fraction of Portugal's or Spain's pace — with a nearly five-fold spread between Milan and the cheapest region, Sicily. Here's the market in numbers, from the statistics office down to the towns expats actually ask about.
Figures verified 8 July 2026Two official sources: ISTAT publishes the transaction-based house price index (IPAB), and the tax agency's OMI observatory counts every sale in the country and publishes zone-level value ranges.
| Indicator | Value | Period |
|---|---|---|
| ISTAT House Price Index (IPAB) | +5.2% year-on-year (provisional); +1.0% q/q. New dwellings +6.7%, existing +4.8% | Q1 2026 |
| Residential transactions (OMI) | ~767,000 homes sold in 2025, +6.4% vs 2024; total market value over €124 billion (+8.8%) | Full-year 2025 |
| Mortgage-backed purchases (OMI) | 333,759 (+18.3%), with €47.2 billion lent (+25%) — cheaper credit is driving the recovery | Full-year 2025 |
| Transactions, latest quarter (OMI) | +4.4% y/y | Q1 2026 |
| Growth by macro-area (OMI, transactions) | North-West +8%, Centre +7%, Islands +6.8%, North-East +6.4%, South +2.5% | Full-year 2025 |
Note for chart-readers: ISTAT rebased the IPAB to 2025=100 from Q1 2026, so index levels in older articles don't compare. And ISTAT publishes an index, not €/m² — the official €/m² source is OMI's zone tables, which require a manual per-address lookup. Every €/m² figure below is therefore portal asking data, labelled as such.
All rows are ASKING prices from Immobiliare.it — advertised prices, which run above what homes finally sell for. Reference months vary by page; each row states its own.
| Area | Asking €/m² | ≈ USD/m²* | Basis | Period |
|---|---|---|---|---|
| Italy (national) | €2,188 (+4.2% y/y) | $2,560 | ASKING | Apr 2026 |
| Milan (city) | €5,675 | $6,640 | ASKING | Jun 2026 |
| Florence (city) | €4,735 | $5,540 | ASKING | Jun 2026 |
| Rome (city) | €3,827 | $4,478 | ASKING | Jun 2026 |
| Como (city) | €3,259 (+11.5% y/y — a two-year high) | $3,813 | ASKING | Mar 2026 |
| Liguria (region) | €2,772 | $3,243 | ASKING | Jun 2026 |
| Tuscany (region) | €2,664 | $3,117 | ASKING | Jun 2026 |
| Ostuni (Puglia) | €2,600 | $3,042 | ASKING | Apr 2026 |
| Le Marche (region) | €1,619 | $1,894 | ASKING | Jun 2026 |
| Palermo (city) | €1,565 | $1,831 | ASKING | Jun 2026 |
| Puglia (region) | €1,439 | $1,684 | ASKING | Jun 2026 |
| Abruzzo (region) | €1,412 | $1,652 | ASKING | Jun 2026 |
| Sicily (region) | €1,172 | $1,371 | ASKING | Jun 2026 |
*Converted at €1 = $1.17 (8 July 2026), rounded to the nearest dollar.
Some favourite expat towns don't publish a clean citywide average, only zone figures — so we quote the zones: in Siracusa, the Ortigia historic island runs €2,419/m² (May 2026); in Sanremo, the Centro zone runs €3,861/m² (May 2026) with inland zones near €2,000. Bellagio on Lake Como is up 14.5% y/y (Jun 2026) but had just 62 sale listings live — a market that thin makes any average unreliable.
Asking prices are one thing; what you actually pay — transfer tax, notary and legal fees, surveys — is another. Ask us anything, or get matched with an estate agent and property lawyer we've independently vetted for Italy. Free, no obligation.