Living in Italy
Jakub Żerdzicki on Unsplash

According to the RE/MAX European Housing Trend Report 2024, the lack of balconies and gardens, combined with rising energy costs, is fuelling housing dissatisfaction in Italy and across Europe. In line with the European average, 24% of Italians want to move home. Among them, 17% plan to relocate within a year, while 28% are considering moving abroad to improve their financial situation.

Factor shaping the European property market

The RE/MAX report provides an in-depth analysis of the changes shaping the European property market, highlighting the impact of financial pressures, evolving preferences, and a growing focus on sustainability. The study is based on responses from 20,000 people across 21 European countries, including the United Kingdom, France, Germany, Austria, Bulgaria, Croatia, Finland, Greece, Ireland, Malta, the Netherlands, Poland, Portugal, Spain, Switzerland, Turkey, and Italy. The findings reveal a property market in transformation, driven by global challenges and the rising cost of living, which are prompting many families to reconsider their housing needs.

Outdoor spaces and energy efficiency are top priorities

Italians looking for a new home place great importance on outdoor spaces: 52% consider balconies, terraces, or gardens essential, a figure higher than the European average of 44%. Factors such as internal layout (9%) and proximity to the workplace (16%) are less significant, indicating a greater focus on well-being and quality of life.

Energy efficiency is another key aspect: 44% of Italians want a home equipped with energy-saving solutions. Additionally, 26% seek proximity to green spaces, 24% consider access to services such as schools and shops essential, while 23% prioritise a good public transport network.

The impact of housing costs

Across Europe, housing expenses are among the most significant items in household budgets, with an average of 38% of monthly income allocated to mortgages, rent, and utility bills. In Italy, 39% of respondents report an increase in housing costs over the past year, while 58% consider the financial sustainability of their home a top priority.

Although the rise in housing costs in Italy is lower than the European average (-15%), a significant number of Italians are contemplating a move abroad to improve their financial situation.

Outlook for the property market in Italy in 2025

"The forecasts from the RE/MAX Italia Research Centre indicate a dynamic 2025, with falling interest rates and a more stable job market," says Dario Castiglia, CEO & Founder of RE/MAX Italia. "Greater clarity in the global political landscape and easier access to credit are already helping to boost consumer confidence."

The desire for homeownership remains strong: 72% of Italians own at least one property, and 26% have more than one. This goal, shared across Europe, continues to represent not only a personal milestone but also a valuable investment opportunity for the future.