The Bank of Italy has released the Italian Housing Market Survey for the first quarter of 2026, showing that house selling price increases intensified across the country. Discounts on asking prices and average time on market both edged down from the previous quarter and remained at historically low levels. At the same time, housing demand weakened, supply stayed constrained as new sale listings continued to fall, and estate agents reported a larger year-on-year decline in brokered sales. Credit access conditions remained relaxed and continued to have only a modest impact on delistings. Rents kept rising, but at a much slower pace than in previous quarters, with a more marked deceleration in urban areas. Estate agents' expectations point to worsening market conditions, with a sharper deterioration over longer horizons.
Bank of Italy2026-05-22
Bank of Italy survey shows faster house price increases and weaker housing demand in first quarter 2026
The Bank of Italy’s Italian Housing Market Survey for the first quarter of 2026 reports intensified house price increases, smaller discounts on asking prices and shorter selling times. Housing demand weakened while supply remained constrained, brokered sales declined year-on-year, and credit access conditions stayed relaxed with limited impact on delistings. Rents continued to rise but at a slower pace, especially in urban areas, and estate agents expect market conditions to worsen, particularly over longer horizons.