The Bank of Italy published the Italian Housing Market Survey for the third quarter of 2025, pointing to firmer assessments of house selling prices across most of the country and continued rapid turnover. The discount on asking prices decreased, time on market remained at historical lows, and the share of real estate agents completing at least one sale stayed high for a summer quarter. Demand showed signs of recovery as the negative balance between expectations of an increase and a decrease in potential buyers narrowed, while supply continued to fall with new sale listings declining further. Reported difficulties in securing mortgage loans were very low and, against largely favourable credit conditions, both the share of purchases financed by mortgages and the loan-to-value ratio reached their highest levels since mid-2022. The survey also noted significant upward pressure on rents linked to short-term lets, while the overall outlook for the fourth quarter remained favourable.
Bank of Italy 2025-11-20
Bank of Italy housing market survey finds stronger price momentum and higher mortgage financing in 2025 Q3
The Bank of Italy's Italian Housing Market Survey for Q3 2025 indicates firmer house selling prices and rapid turnover, with reduced discounts on asking prices and historically low time on market. Demand is recovering, supply is declining, and mortgage financing conditions are favorable, with high loan-to-value ratios. Upward pressure on rents due to short-term lets is noted, and the outlook for Q4 remains positive.