Milan continues to be the most demanded city in Italy. Property prices in this northern Italian city have risen by 7.6%. In the Brera-Napoleone area the difference recorded is even up to 25.6%. This was revealed by data from the real estate website idealista.
Rome occupies the second position in the ranking of the most expensive cities in Italy. Property prices have lowered by -3% in the city; however, the area Popolo-Navona-Quirinale registered an increase by 3.2%. But let's take a detailed look at the situation of the average property prices per square metre in all major Italian cities.
In general terms, the residential market in Italy is also driving the luxury segment in Milan. The homes with the highest price per square meter are in fact located right in the capital of Lombardy. In the Brera-Montenapoleone area, according to data from idealista, prices reach up to 11,148 euros/m2. Rome and Venice rank second and third.
| City | Quarter | Average price | Annual variation |
| Milan | Brera-Montenapoleone | 11,148 euros | +25.6% |
| Rome | Popolo-Navona-Quirinale | 7,985 euros | +3.2% |
| Venice | San Marco | 6,328 euros | +6.5% |
| Naples | Posillipo | 5,347 euros | +0.9% |
| Florence | Santa Croce | 5,214 euros | +14.8% |
| Bologna | Galvani | 4,288 euros | +4.3% |
| Turin | Centro storico | 3,519 euros | +6.2% |
| Genoa | Quinto-Nervi | 3,172 euros | -4.7% |
| Bari | San Girolamo | 2,108 euros | +0.8% |
| Palermo | Libertà | 1,867 euros | -2.6% |
Rome ranks second with an average price of 7,985 euros/m2 if you want to buy a property in the area of Navona-Popo-Quirinale, in the heart of the historic centre. In Piazza Venezia, in San Marco, you need an average of 6,328 euros/m2 to buy a home.
Similar prices are registered in Posillipo in Naples (6,328 euros/m2) and Santa Croce in Florence (5,214 euros/m2). Among the main Italian cities, the cheapest prices in the top areas can be found in Palermo, where the Libertà district with 1,867 euros/m2 is the most expensive area in the Sicilian capital. The situation in Bari, in San Girolamo, is similar; here you will have to pay just over 2,000 euros/m2 for a property.
Regarding the evolution of the property prices in Italy, the price increases in Brera-Montenapoleone in Milan (+25.6%) and Santa Croce in Florence (+14.8%) stand out. There is also a positive result for San Marco in Venice (+6.5%) and for the historic centre of Turin (+6.2%).
A price decline, on the other hand, is observed in two of the cities that were analysed: Property prices in Genoa, with Quinto-Nervi as the most expensive area of the Ligurian capital with an average of 3,172 euros/m2, fell by 4.7%. The prices in Palermo witnessed a -2.6% decrease.
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