The Cost of a 100 sqm House in Italy: An Analysis of Property Prices

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How Much Does a 100 sqm House Cost in Italy?

Purchasing a well-maintained home in Italy varies significantly from city to city.
Prices range from around €190,000 in Palermo to as high as €550,000 in Milan, not counting central areas where average prices per square meter soared to €10,775 as of June 2024.

According to an analysis by Abitare Co., a company specializing in real estate brokerage and services, Italy shows one of the lowest price increases (+8.8%) compared to other European countries, just above Finland (+5.5%).
Despite the challenges, the falling ECB interest rates could bring renewed hopes for homebuyers relying on mortgages, thereby stimulating property demand.

Price Comparison of Houses

To put things into perspective, buying a house in Palermo costs about €190,000, while in Milan, one requires an average of €550,000.
This translates to an average of €1,900 per sqm in Palermo versus €5,500 per sqm in Milan.

Abitare Co.’s study across eight major Italian cities reveals that Milan is the priciest location with an impressive 49% price increase over the past decade (including inflation), far exceeding the national average of +8.3%.
Rome follows closely with a price of €4,400 per sqm, although it has seen a negative trend, experiencing a 13% price drop in the same period.
Currently, home prices are 29% lower than the peak observed in May 2012.

Price Analysis from Milan to Palermo

If one were to have the full amount for a property purchase, they could buy two homes of the same size in either Genoa or Palermo thanks to lower average prices of €2,200 and €1,900 per sqm, respectively, leaving extra cash for renovations or other investments.

Here are the average prices for a used 100 sqm house in good condition across eight major Italian cities:

• Milano: €550,000 (€5,500/mq)
• Roma: €440,000 (€4,400/mq)
• Firenze: €330,000 (€3,300/mq)
• Bologna: €295,000 (€2,950/mq)
• Torino: €250,000 (€2,500/mq)
• Napoli: €245,000 (€2,450/mq)
• Genova: €220,000 (€2,200/mq)
• Palermo: €190,000 (€1,900/mq)

Source: Abitare Co.
studies based on Eurostat data

How Much Does a 100 sqm House Cost Abroad?

While property prices in cities like Milan and Rome may seem excessive, purchasing a 100 sqm house abroad can be even pricier.
An examination of nominal average price trends in the last decade across 27 EU countries reveals an average increase of 66.6%, with sharp rises in countries like Hungary (+168%), Lithuania (+114.2%), Czech Republic (+111.7%), and Portugal (+105.7%) where prices more than doubled.

Here’s a snapshot of 100 sqm house prices abroad:

• Luxembourg: €1,130,000 (€11,300/mq)
• Paris: €1,010,000 (€10,100/mq)
• Amsterdam: €760,000 (€7,600/mq)
• Stockholm: €720,000 (€7,200/mq)
• Vienna: €690,000 (€6,900/mq)
• Copenhagen: €650,000 (€6,500/mq)
• Helsinki: €595,000 (€5,950/mq)
• Berlin: €530,000 (€5,300/mq)
• Madrid: €450,000 (€4,500/mq)

In the ranking of house prices among capital cities in the 27 EU countries, Milan and Rome sit at 8th and 13th places, respectively.
The most affordable cities listed include Tallinn (€150,000), Sofia (€170,000), and Bucharest (€180,000).

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