According to the Italian Housing Market Survey of a sample of 1,486 real estate agents conducted between 4 April and 7 May 2025, housing price growth strengthened further in the first quarter of 2025, amid declining housing supply and still strong demand. The average discount on asking prices and the time on market dropped to their lowest levels since the survey began (7 per cent and 5 months, respectively).
The share of agents who recorded a decrease in new sale listings remained substantially higher than the share reporting an increase. Developments in housing demand continued to improve significantly compared with the corresponding quarters of 2023-24. The share of agents who reported a lack of purchase offers due to prices considered too high has reached nearly 60 per cent, and the gap between asking and offered prices is the main reason for cancelling sale listings. According to agents, the short-term rental market is likely playing a role in reducing the supply of housing for sale, with upward pressures on both selling prices and rents.
Agents' expectations for the current quarter were slightly more favourable year on year for both their own market and the overall national market. Expectations that the increase in prices will continue into the second quarter still outweigh those pointing to a decrease.
