News / From the associates

The BNP Paribas Real Estate report on Rome’s residential market in 2024 paints a picture of a city balancing its historic urban identity with the need for renewal. Rome remains a major national hub in terms of transaction volume, though it shows signs of slowing down compared to previous years, due to the uncertain economic climate and difficulties in accessing credit. A slight decline in population and a reduction in average household size point to fragmented housing demand, further influenced by the growing foreign population. The variety of income brackets results in a broad residential supply that caters to the needs of different target groups. The new-construction segment remains central, with a particular focus on integrating existing buildings with sustainable technological solutions.

The sales market experienced a general contraction in 2023, though with signs of stabilization in 2024. Smaller units showed greater resilience, while large apartments experienced significant declines. The distribution of residential developments shows a greater concentration in the Eastern Quadrant, but the city’s outlying and southern areas are also at the forefront of new initiatives, thanks to the greater availability of land and more affordable prices. The Jubilee has spurred real estate investment, particularly in urban regeneration, which also involves less central areas. Urban redevelopment is not only a response to housing needs but also an opportunity to attract capital and improve territorial balance.

A focus on sustainability and energy efficiency is becoming a strategic driver for new developments, although there is still room for improvement. Amenities are beginning to become more widespread, particularly in high-end projects, and represent a differentiating factor increasingly valued by the market. Outdoor spaces and parking spots are considered essential assets for residential comfort, while also supporting property values. Most developments have a sale price below €5,000/m², but there is still room for high-end projects above that threshold, located primarily in the most central areas and the northern quadrant. Finally, public programs linked to PNRR funds aim to strengthen the capital’s international role through interventions on monuments, digitization, and the widespread enhancement of urban and suburban areas.