News / Insights

In the second quarter of 2025, home prices in Italy continued to rise, albeit at a slower pace than in previous months. The net balance of positive and negative assessments stood at +5 percentage points, down from last quarter’s peak of +12 but well above 2024 levels. The slowdown is primarily linked to metropolitan areas, while both the average discount on asking prices (7.8%) and the time to sell (5.4 months) remain very low, close to historic lows. Eighty-six percent of agencies completed at least one transaction, confirming the market’s vitality, even though the net balance of sales compared to a year ago worsened to –19 points.

Demand remains solid, though showing signs of slowing, while supply continues to shrink: new listings show a negative balance of about –30 points, more pronounced than in 2024. On the other hand, difficulties in accessing credit are decreasing: only 17% of agents cite them as the reason for terminating listings—the lowest figure since 2019—while the share of purchases financed by mortgages remains stable. The main challenge remains the gap between asking prices and offers received.

The rental market is also showing positive momentum: nearly half of operators report an increase in rents, compared to a modest 7% reporting declines. The average discount has risen to 2.8%, the highest since 2022, and expectations remain geared toward further increases, albeit more modest ones. A growing factor is the weight of short-term rentals: over 55% of agencies highlight their significance, especially in the Northeast and Central regions, with effects of reducing the supply of properties for sale and consequent upward pressure on prices and rents. Overall, expectations for the coming months are more cautious compared to last quarter, but remain better than a year ago.

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