The Bank of Italy published its first-quarter 2025 survey on Italy’s housing market, reporting a further strengthening in house price growth against a backdrop of shrinking housing supply and still-dynamic demand. The average discount from initial asking prices and the time needed to sell fell to their lowest levels since the survey series began. The survey, conducted from 4 April to 7 May 2025 on a sample of 1,486 real estate agents, found the average discount at 7 percent and the average selling time at five months. Agents reporting a decline in new mandates to sell continued to outnumber those reporting an increase, while housing demand was described as still significantly improved compared with the corresponding quarters of 2023–2024. Almost 60 percent of agents reported a lack of purchase offers due to prices being judged too high, and the gap between asking and offered prices was the most common reason for terminating a sales mandate; agents also linked short-term rentals to reduced for-sale supply and upward pressure on both sale and rental prices. Compared with the same quarter a year earlier, agents’ expectations for the current quarter were slightly more favourable for both their local market and the national market, and expectations of price increases in the second quarter continued to outweigh expectations of declines.
Bank of Italy 2025-05-23
Bank of Italy housing market survey shows faster price growth in Q1 2025 as supply tightens and discounts fall to 7 percent
The Bank of Italy's Q1 2025 housing market survey indicates continued house price growth amid reduced supply and strong demand. The average discount from asking prices fell to 7%, and selling times dropped to five months, the lowest since the survey began. Despite high prices deterring offers, agents remain optimistic about market conditions and anticipate further price increases in Q2.