Although house prices in Italy fell by 0.2% in Q1 2025 compared to previous quarter, they increased by 4.4% compared with the same quarter in 2024, according to Istat.

The annual increase was predominantly due to the rise in prices of existing dwellings, which increased by 4.9% (up from 3.4% the previous quarter) and due to the prices of new dwellings which increased by 1.5%, reflecting a sharp decline compared to the 9.2% in the fourth quarter of 2024.

The slight decrease of house price on a quarterly basis was only due to the prices of new dwellings, that fell by 8.7% while those of existing dwellings rose by 1.7%.

Sales volumes also saw an annual rise of 11.2% in the first quarter of 2025, up from 7.6% in the previous quarter. Sales of new dwellings amounted to 17.6% (17.36% in 2024) against 82.4% of existing ones (82.64% the previous year).