second-hand prices slightly down in May (-0.5%). Discover the values ​​in your city — idealista/news

The prices of used homes in Italy recorded a slight decline of 0.5% in May, setting the average value of the brick at 1,839 euros/m², according to the latest idealista price index. Based on data processed by the leading portal for technological development in Italy, an increase in real estate values ​​of 1% emerges on an annual basis.

Regions
In the month of May, there are only three regions that show an increase in their real estate prices; these are: Liguria (0.2%), Trentino-Alto-Adige and Friuli-Venezia-Giulia (both up 0.1%). Price stability for the Aosta Valley; while all the remaining 16 Italian regions show declines in their real estate values ​​with variations between -0.2% in Veneto and Sicily and -1.2% in Marche.

The region with the highest prices per meter is Trentino-Alto Adige with its 3,149 euros. It is followed by Valle d’Aosta (2,692 euros/m²), Liguria (2,511 euros/m²) and Tuscany (2,321 euros/m²). Values ​​higher than the Italian average also for Lombardy (2,184 euro/m²), Lazio (2,107 euro/m²) and Emilia-Romagna (1,845 euro/m²). The remaining 13 regions are below average, with prices ranging between 1,817 euros in Veneto and 883 euros in Molise.

Provinces
Out of 106 provinces monitored, the majority (66) recorded declines, with the steepest declines recorded in Fermo (-3.7%), Rovigo (-2.1%) and Macerata (-2%). Prices fell in 63 other provinces with drops of less than 2% and between -1.6% in Agrigento and -0.1% in Isernia. In the month of May there are six provincial areas that have the same prices as last month; these are: Aosta, Catanzaro, Trapani, Mantua, Vibo Valentia and Palermo. However, 34 areas showed provincial increases in May, driven by Lecco (2%), Nuoro (1.5%) and Belluno (1.3%). The other increases affect 31 provinces and range from 1.1% in Pordenone to 0.1% in Caserta.

On the price front, Bolzano, ever closer to 5,000 euros, with its 4,492 euros per square meter, is the most expensive Italian province. It is followed by Milan (3,421 euros/m²), Savona (3,085 euros/m²), Lucca (3,084 euros/m²) and Florence (2,929 euros/m²). Prices higher than the Italian average in 25 other provinces with values ​​ranging from 2,706 euros in Imperia, down to 1,873 euros per square meter in Latina. On the opposite side of the ranking of provincial real estate values, the cheapest markets are Biella (629 euros/m²), Caltanissetta (660 euros/m²²) and Isernia (677 euro/m²).

Capitals
Contrasted trend at city level with 55 provincial capitals recording increases, 50 showing decreases and 4 (Milan, Catania, Foggia and Trani) remaining stable compared to April. Macerata (8.3%), Pordenone (4.7%), Vicenza (4.3%) and Lecco (4.1%) mark the best performances in the month of May. On the contrary, Belluno (-3.9%), Ascoli Piceno (-2.2%) and Vibo Valentia (-2.1%) lead the downward trend.

As regards the main city markets, in addition to the above-mentioned stability of prices in Milan, modest increases can be seen in Florence (0.2%) and Turin (0.1%). Rome (-0.2%), Palermo (-0.3%) and Bologna (-0.5%) showed a slight decline; while the most significant drop, at the level of large city squares, is recorded in Naples (-1.1%). Despite the stop in May, Milan

maintains the record of city with the highest house prices with its 4,987 euros per square meter. Bolzano follows it (4,544 euro/m²), Venice (4,467 euro/m²) and Florence (4,127 euro/m²). In the top ten of the most expensive capitals to buy a property we also find Rome (3,016 euros/m²) and Naples (2,748 euro/m²). On the other hand, the cities with the most affordable housing prices are Caltanissetta (718 euro/m²), Ragusa (725 euro/m²) and Biella (744 euro/m²).

Methodological note

Starting from the report for the second quarter of 2022, we have updated the calculation methodology for determining the price of homes by removing auction announcements from idealista’s historical sample (from January 2012 to today).

This approach allows us to minimize the statistical distortions deriving from the prices of these adverts, which do not reflect the actual request of the owner, but the starting auction price (price lower than its value), and guarantees the maximum accuracy of our report. Since 2021 we have observed a growing presence of auction announcements on the portal, especially in urban areas, hence the choice to intervene to remove the announcements before proceeding with the calculation to minimize sample distortions and ensure that the price series generated are more stable and best represent the offer prices. In 2019 idealista introduced a new calculation methodology aimed at making our analysis of price evolution, especially in small areas, even more robust than in the past. To avoid gaps in our series, the data since 2007 had been recalculated with the new methodology. On the recommendation of the statistical team of idealista/data, a division specialized in the management of large volumes of information and data modeling, we had updated the formula to indicate the average price with greater certainty: in addition to eliminating atypical adverts and those with off-market prices, the median value is calculated instead of the mean value. With this change, in addition to further refining our index making it more responsive to the reality of the market, we standardize our methodology with those applied in other countries to obtain real estate data. Among the real estate types that make up the sample to be analysed, single-family houses (detached houses or chalets) are included, while properties of any type that have remained in our database without obtaining user interactions for a long time are excluded. Additionally, auctions have also been discarded starting this month. The report is always based on the offer prices published by idealista advertisers.

The complete report can be consulted at the following link: https://www.idealista.it/sala-stampa/report-price-immobile