prices slowed in April (-0.1%), but +1.5% in a year. Discover the values ​​in your city — idealista/news

The latest data from the Research Department of idealista, a leading real estate portal for technological development in Italy, reveal a slowdown in the prices of used homes in April (-0.1%), with an average of 1,848 euros per square meter. The annual price trend remains positive, recording an increase of 1.5% compared to the previous year

Regions

The trend of regional markets shows a contrasting picture, with 10 areas decreasing, 8 increasing and two, Abruzzo and Puglia, remaining stable compared to March. With a jump of 1.4% in April, Trentino-Alto Adige recorded the largest increase of the period. This is followed by 7 other regions with variations ranging from 0.4% in Lombardy to 0.1% in Emilia-Romagna. On the contrary, the greatest declines were seen in Molise (-0.8%), Campania and Lazio (both down 0.7%). Other drops fall within a range from -0.6% in Sicily to -0.1% in Friuli-Venezia Giulia.

Trentino-Alto Adige is confirmed as the region with the highest prices per square meter, reaching 3,144 euros. Followed by Valle d’Aosta (2,693 euros/m²), Liguria (2,507 euros/m²) and Tuscany (2,329 euros/m²), all with prices higher than the national average. Lombardy (2,197 euros/m²), Lazio (2,118 euros/m²) and Emilia-Romagna (1,850 euros/m²) also present values ​​above the Italian average. The remaining regions show prices between 1,820 euros in Veneto and 886 euros in Molise, the cheapest region for purchasing a property in Italy.

Provinces

At the provincial level, we observe a balance between areas in decline (50) and the same number in growth; in the meantime, 6 macro-areas (Syracuse, Arezzo, Florence, Massa-Carrara, Brescia and La Spezia) remain stable.

The greatest increases recorded in April occurred in Vercelli (1.9%), Trento and Isernia (both 1.8%), followed by Macerata (1.4%) and Gorizia (1.3%). On the contrary, the province that recorded the greatest price drops was Benevento (-2.6%), followed by Enna (-1.8%), Rimini and L’Aquila (both -1.7%).

On the price front, Bolzano is confirmed as the most expensive Italian province again this month, with its 4,510 euros per square meter. Followed by Milan (3,434 euros/m²) and Lucca (3,098 euros/m²). Values ​​higher than the Italian average in 27 other Italian provinces ranging between 3,080 euros in Savona and 1,867 euros in Latina. While the least expensive provincial areas for purchasing a property are Biella (628 euros/m²), Caltanissetta (669 euros/m²²) and Isernia (678 euro/m²).

Capitals

In the capitals, there is a slight prevalence of areas with decreasing prices (48), compared to those with increases (46) and 10 which maintain stability compared to the previous month.

The largest increases in the period are concentrated in the cities of Andria (2.9%), Udine (2.7%), Isernia (2.6%), Verbania (2.5%) and Como (2%). The regional capitals that increased their value the most were Florence (0.9%), Bologna (0.5%) and Turin (0.2%). Milan and Rome remain stable, while Palermo (-1%) and Naples (-1.5%) record the greatest drops. The most significant drops were recorded in L’Aquila (-4.4%), Benevento (-3.8%) and Potenza (-3%).

Milan, despite the stabilization in April, confirms its position as the most expensive city to buy a house, with an average price of 4,990 euros per square meter. Followed by Bolzano (4,532 euros/m²) and Venice (4,463 euros/m²). Florence is in fourth place in the ranking with 4,121 euros/m², followed by Bologna (3,470 euros/m²), Rome (3,021 euros/m²) is in eighth place, Naples (2,770 euros/m²) is in tenth place in pricing terms. On the contrary, Caltanissetta (732 euros/m²) is confirmed as the cheapest capital in Italy, followed by Ragusa (735 euros/m²) and Biella (741 euros/m²) in the ranking of city real estate values.

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 (villas 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/