News / Insights

The 2025 Notarial Statistics Report, which compiled data from practicing notaries throughout Italy, highlights a clear recovery in the Italian real estate market, driven primarily by the return of credit as the main driver of sales. Residential transactions increased by 6.6% compared to 2024, consolidating the recovery that had already begun the previous year, while total real estate sales—including residential, non-residential, and land—grew by 5.2%, reaching over 1.45 million transactions. The market is driven primarily by transactions between private individuals, which account for nearly 90% of purchases of primary and secondary homes, against a decline in sales by businesses. The market also continues to be supported by tax incentives for primary residences, utilized in over 437,000 transactions (+7.5%), with a significant presence of younger buyers: the 18–35 age group accounts for over a quarter of all buyers and more than a third of incentive applications.

The growth in sales is accompanied by an increase in property values and a shift in demand toward higher price brackets. The total value of real estate transactions exceeded €145 billion, up 4.3% compared to 2024. In the segment of first homes purchased by private individuals, the median value rose to €125,000, while the share of homes priced below €100,000 is gradually decreasing and that of the €200,000 to €300,000 range is increasing. However, the market for properties under €200,000 remains central, accounting for over three-quarters of purchases between private individuals. There is also a significant gap between properties purchased by private individuals and those by businesses, reflecting the qualitative and energy-efficiency differences in the properties offered. In the luxury segment, sales of properties priced above one million euros continue to grow, particularly in transactions between private individuals. The land market is also expanding, with an increase in both agricultural and building land, although the latter continues to account for a very small share of the total.

Noteworthy is the strong recovery of the mortgage market, which definitively ends the slowdown caused by rising interest rates in the previous two years. In 2025, mortgage loans disbursed grew by 18.8%, exceeding 404,000 transactions, while the total capital financed increased by 30.4%, reaching approximately 75.6 billion euros. The average mortgage amount also grew, reaching approximately €195,000, a sign of both rising real estate prices and a shift toward borrowers with greater financial capacity. Mortgage loans account for nearly all transactions, while refinancing remains marginal. From a regional perspective, the North continues to account for the majority of loans disbursed, with Lombardy leading in terms of mortgage volume. Young people also play a central role in the credit sector: those under 35 account for over 40% of mortgage borrowers, confirming that support for home ownership among younger age groups remains one of the key drivers of the Italian real estate market.