Italian Housing Market Survey. Short-term Outlook - 2025 Q3

20 November 2025

The Italian Housing Market Survey has been released for the third quarter of 2025.

In the third quarter of 2025, assessments of house selling prices strengthened across most of the country, with more pronounced growth in urban areas in the North-East. The discount on asking prices decreased and the average time on market remained at historical lows. The share of real estate agents that sold at least one property remained at levels that are high for the summer quarter.

Demand shows signs of recovery: the negative balance between expectations of an increase and of a decrease in the number of potential buyers narrowed. On the other hand, real estate supply continues to decline, with new sale listings falling further.

Difficulties in securing mortgage loans are reported to be at very low levels. In an environment of largely favourable credit conditions, the share of house purchases financed by mortgage loans and the loan-to-value ratio have reached their highest levels since mid-2022. There are significant upward pressures on rents, which are being affected by short-term lets. The real estate market outlook for the fourth quarter of the year remains favourable overall.