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Analysis of the real estate market in large Italian cities in 2024

Introduction to the urban real estate market

In the context of large Italian cities, the real estate market presents itself as a sector in continuous evolution, influenced by various economic and social factors. According to the latest report by the Tecnocasa Group Research Office, the distribution of real estate purchases shows some stability, with a predominance in the lowest price range, up to 119 thousand euros, which represents 25.1% of requests.

This figure is significant, as it reflects current economic conditions and buyer preferences.

Distribution of the availability of expenditure

Analyzing the data, it emerges that large cities such as Rome, Milan, Bari, Bologna, Florence, Genoa, Palermo, Turin and Verona have a balanced distribution of requests in the first three price ranges. However, the situation changes drastically in provincial capitals, where more than 40% of buyers are concentrated in the economic segment. In Genoa, for example, the percentage of requests in the lower bracket reaches 61.9%, followed by Palermo with 52.4%. This phenomenon suggests a growing demand for affordable real estate, especially in cities with a higher cost of living.

The trends in the upper price ranges

In contexts such as Milan and Rome, the spending range between 250 and 349 thousand euros accounts for 24.9% of requests, highlighting an interest in medium-high value properties. In addition, Milan saw an increase of 0.3% in requests for properties over 629 thousand euros, signaling a liveliness in the high-end segment. This trend is particularly interesting, as it indicates a recovery in the luxury real estate market, despite general economic difficulties. The two cities are also at the top when it comes to properties above 630 thousand euros, with Milan at 8.5% and Rome at 4%, clearly separating Naples, which stops
at 2.8%.

Analysis of smaller provinces and cities

In smaller regional capitals, 43.8% of potential buyers declare an availability of expenditure of less than 119 thousand euros, a figure down from 45.6% in January 2024. Cities like Perugia and Campobasso show the highest percentages in this group, at 72.6% and 73.7% respectively. The higher price ranges, on the other hand, show a significant decrease in requests, with only 6.6% of buyers concentrating between 250 thousand and 349 thousand euros. This trend highlights limited economic availability in most Italian provinces, suggesting that demand for affordable properties will remain constant in the near
future.

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