Housing market growth in Italy is slowing. They are still growing trading – which increases by double digits each other – But prices become stable. However, the call fromrentso much so that the canons cannot rest: Growth +3.5%. based on trends. This is what emerged from the 3rd Observatory of the Real Estate Market 2025 which was formed by Nomismawhich analyzes real estate performance at national level and in 13 major Italian markets: Bari, Bologna, Cagliari, Catania, Florence, Genoa, Milan, Naples, Padua, Palermo, Rome, Turin and Venice.
Trading
According to Nomisma, low inflation, the recovery of family purchasing power, and still low mortgage interest rates are benefiting the economy.additional capital provided by the bank to support the purchase of a home and its continuation sales growth. The preliminary balance of home sales in 2025 provides for a forecast increase +5.5% which confirms the market recovery phase starting in the last quarter of 2024.
This is what drives the home buying sector sale with the help of a mortgage which, as Nomisma notes, is growing +25.5% in terms of trends in the first half of 2025. On the contrary, that is supported by liquidityshows substantial stability.
THAT price number of houses throughout the year recorded a moderate but constant growth. Based on Nomisma Observatory monitoring, in the last semester there was house price growth of +0.6%, more limited compared to +1.3% in the first semester. This increase was caused by the return of negotiations between supply and demand, which limited the correction of the decline in demand, while sellers’ expectations stabilized.
«The picture that emerged in the second half of the year – which we read in the report – shows a markets are still important, but with signs of greater caution compared to the rebound observed in the first months of the year. Throughout the year, nominal house prices showed stability, with an average increase of +1.5%, confirming a positive but decelerating trend compared to the 2022-2023 two-year period”.
Location
In the second half of this year, Nomisma detected a shift in the share of potential demandpurchase going to rent (49% and 51 percent respectively). According to the agents interviewed, the growth in rental demand of 4 percentage points last year was mainly due to the fact that renting is a temporary solution waiting for more favorable market conditions for purchases and, secondly, the ability to respond better to changes affecting the world of work and lifestyle, as well as allowing liquidity to be used in other forms of investment.
