Used house prices in Italy were down 1.8% in Q3, compared to the second quarter of 2021, falling to an average price of €1,697sqm. Real estate values ​​are down by 2.1% compared to the third quarter of 2020, according to the research department at real estate portal Idealista.

According to Vincenzo De Tommaso at Idealista: “The light at the end of the long pandemic tunnel has boosted demand in the residential sector, but the uncertainty it generates weighs on the trend in prices which have reached the lowest level in Italy in the last 10 years. A situation that makes the purchase very attractive: advantageous mortgages, state bonuses and purchase incentives for young people are, together with falling prices, the accelerators of the recovery.”

Teramo (-11.1%) suffered the greatest quarterly decline ahead of Rieti (-6.8%), Cosenza (-6.6%), Pistoia (-6.1%) and Naples (-5.9%). The greatest increases were recorded in Latina, where prices rose by 11.9%, Trieste (7.2%), then Pavia and Campobasso (both up by 6.3%).