News / Insights

In 2025, Italy’s housing stock exceeded 79 million units, according to an analysis by OMI-Agenzia delle Entrate. Approximately 68.5 million properties generate cadastral income, up 0.6% from 2024. The ownership breakdown confirms the significant share held by households: about 90% of the housing stock is registered to individuals.

However, the breakdown by cadastral income paints a different picture. Non-individual entities own 10.8% of the units but account for nearly 40% of the total cadastral income, amounting to over 15.3 billion euros. This disparity highlights the greater presence of corporations and institutions in asset classes linked to economic activity—from commercial real estate to office spaces—where the unit value of assets is higher than in ordinary residential real estate.

Residential properties represent the main component of Italy’s real estate assets, with over 35.7 million units—approximately 89,500 more than in 2024. Most of the stock is concentrated in categories A/2 (residential housing) and A/3 (affordable housing). The average cadastral income for a residential unit is 494 euros, but this figure rises significantly for high-end properties, such as stately homes, villas, and historic residences, where ownership by entities other than individuals is also more prevalent. Overall, the assessed value attributed to residential properties registered in the names of companies and institutions amounts to just under 1.2 billion euros.

The size of the properties also reflects this breakdown of the housing stock: the average floor area of homes is 118 square meters, corresponding to 5.5 rooms, with higher values for the higher-end categories. Offices, classified in category A/10, number approximately 642,000 units, with an average floor area of 138 square meters, rising to 178 square meters for properties owned by non-individuals. The total rental income from offices amounts to approximately 1.5 billion euros, with over 60% held by entities other than individuals, confirming the greater presence of companies and institutions in asset classes intended for commercial use.

The commercial sector, corresponding to Group C, comprises over 29 million real estate units. The stock consists primarily of garages and parking spaces, cellars, and warehouses, as well as retail stores. The total cadastral income exceeds 6.2 billion euros, with more than half of this amount attributable to retail stores, which thus represent the economically most significant component of the group.

Special-purpose properties in Group D, on the other hand, account for a much smaller share in terms of numbers—just over 1.7 million units and 2.5% of the surveyed stock—but they account for nearly 29% of the national cadastral income, totaling over 11 billion euros. Within this group, buildings used for industrial and commercial activities are the main categories and together account for more than half of the group’s total assessed value. These assets are largely held by non-individual entities, confirming the central role of corporations and institutions in the nation’s productive real estate portfolio.

Finally, Group F comprises over 3.8 million units with no cadastral income, an increase of 0.6% compared to 2024. The largest component consists of urban areas, which make up about half of the group, followed by units under construction.