The Bank of Italy released the Italian Housing Market Survey for the first quarter of 2025, reporting that housing price growth strengthened further as housing supply declined and demand remained robust. The average discount on asking prices fell to 7 per cent and the average time on market dropped to five months, both the lowest levels recorded since the survey began. Based on responses from 1,486 real estate agents surveyed between 4 April and 7 May 2025, the share of agents reporting a decrease in new sale listings remained substantially higher than the share reporting an increase. Demand indicators continued to improve compared with the corresponding quarters of 2023–24, while nearly 60 per cent of agents cited prices considered too high as a reason for a lack of purchase offers; the gap between asking and offered prices was identified as the main reason for cancelling sale listings. Agents also pointed to the short-term rental market as likely contributing to reduced supply of homes for sale, with upward pressures on both selling prices and rents. Expectations for the current quarter were slightly more favourable year on year for both agents’ own markets and the national market, and expectations for further price increases in the second quarter continued to outweigh those anticipating a decrease.

Original source View in tracker