+14% in one year. Temporary rental boom (+39%) — idealista/news

The recovery of the housing stock in the rental sector continues, growing by 3% in the last quarter and by 14% compared to 12 months ago, when the hemorrhage of houses available for rent reached its lowest point compared to “normal” ones. standards of the pre-covid period.

In the rental market, the transitory offer is growing in particular, with an increase of 8% compared to the previous quarter and of 39% on an inter-annual level. Again according to the research office of idealista, the leading real estate portal for technological development, temporary rental now accounts for 21% of the total rental offer available.

The capital in which the weight of the transitory stock has the greatest impact on supply is Venice with 40%, followed by Massa (37%), then Isernia and Verbania (both at 31%). Only two cities, Sondrio and Teramo, do not have any temporary rentals. In Milan (17%) and Rome (15%) the “weight” of the temporary rent on the total offer is lower than the national average of 21%.

Transitional rental

There are 82 capitals in which the stock of temporary rentals is on the rise, with the largest increases in the period in small markets, where the phenomenon was practically non-existent and the appearance of a handful of adverts was enough to cause very marked variations (,) as in the case of Nuoro (98%), Oristano (93%), Alessandria (92%) and Gorizia (91%).

In 29 other capitals, the percentage increases exceed the national average of 39%, with variations ranging from 89% in Avellino and Enna (,) to 40% in Messina and Taranto. This growth trend is found in practically all the main rental markets, as demonstrated by the data from Bologna (69%), Florence (59%), Milan (58%), Turin (33%), Naples (28%), Venice (18%), and Rome (17%).

On the other hand, drops were recorded in 14 cities, with percentages ranging from the most marked -63% in Verbania and Cuneo to the least significant -10% recorded in Barletta.

Classic location

The positive trend of “classic” leasing, 4+4 contracts, continued weakly in the last quarter (only 1% increase), with an increase of 8% compared to the same period in 2023, involving 72 of the 100 capital cities monitored . Once again, it is the smaller markets that show the greatest fluctuations in the supply of rental accommodation, as highlighted by Belluno (86%), Gorizia (81%), Vibo Valentia and Biella (both up 76%) . Among the large markets, Milan (38%) and Bologna (30%) reverse the negative trend of previous years, while Rome (-30%) and Naples (-23%) continue to record strong drops in supply. The availability of properties for rent is decreasing in 27 Italian cities, with variations ranging from -3% in Vicenza to the most significant drop recorded in Cuneo, which saw a decrease of 62% in the last year.

Analysis methodology

Data collected and analyzed by idealista/data, idealista’s proptech that provides information to professional audiences to facilitate strategic decision making, both in Spain, Italy and Portugal. It uses all the parameters of the idealista database of each country, as well as other public and private data sources to offer valuation, investment, acquisition and market analysis services.

What is transitional rent?

The transitional rental contract, regulated by law 431/1998, is an agreement used for the rental of a property for residential use for a limited period of time and for temporary non-tourist housing needs. This type of rental contract is particularly advantageous for university students and workers who need to spend a short period outside their city of residence for study or work reasons.

The temporary rental contract has a minimum duration of 1 month and a maximum of 18 months. Respecting the deadlines established by law is essential to avoid incurring the nullity of the agreement, which must be registered only if the rental period exceeds 30 days. To draw up this type of rental contract, the model to be used is the one prepared by the Ministry of Transport and Infrastructure.