Property Prices Italy 2024 – Regional Overview
Aktualisiert: 2026-06-17
Property Prices in Italy at a Glance
Italy offers one of the most varied real estate markets in Europe – from expensive northern cities and prestigious coastal areas to affordable rural regions in the south. Prices can differ by a factor of ten between regions.
What Does a Square Metre Cost in Italy?
Approximate figures for existing residential properties (living area) by region:
| Region | Median €/m² (2024) |
|---|---|
| Milan (city centre) | approx. 4,500–7,000 €/m² |
| Rome (city centre) | approx. 3,500–5,500 €/m² |
| Florence (city centre) | approx. 3,200–5,000 €/m² |
| Naples | approx. 1,800–3,200 €/m² |
| Calabria / Basilicata | approx. 400–900 €/m² |
These are approximate values based on aggregated market data. Actual prices vary considerably by district, condition and floor level.
Data Source: Agenzia delle Entrate (OMI)
Italy has a transparent property price database: the Osservatorio del Mercato Immobiliare (OMI), managed by the national tax authority. OMI publishes semi-annual reports with average prices at municipality level.
Groundcheck uses this OMI data as the basis for Italian land and property values – aggregated at NUTS-3 level for regional comparisons.
Understanding Regional Differences
North vs. South: The gap between northern and southern Italy is one of the largest in Europe. Milan and Rome are priced at western European levels; Calabria and Molise remain among the most affordable regions in the EU.
Tourist hotspots: The Amalfi Coast, Cinque Terre, South Tyrol and Sardinia's Costa Smeralda attract strong international demand – prices there can significantly exceed the regional average.
Depopulation in the south: Several municipalities in Sicily and Calabria have offered properties at symbolic prices (€1) to attract new residents. This signals structural low demand – values rarely reflect a functioning market.
How to Find the Value for a Specific Address
On Groundcheck you can enter any address in Italy. A data quality badge shows you directly: for Italy this is a regional market estimate based on OMI statistics.
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