Introduction to the Italian real estate market
The Italian real estate market is going through a phase of evolution, with sales times that vary significantly from city to city. According to the latest report from Tecnocasa’s research office, the average sales time in large Italian cities stands at 105 days, a figure that remains unchanged compared to the previous year. However, the differences between the various locations are obvious and deserve a thorough analysis
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Sales times in big cities
The cities of Bologna and Milan are confirmed to be the fastest in selling properties, with respective times of 68 and 81 days. These figures, although they represent an increase compared to last year, indicate a certain dynamism of the market. In Bologna, sales times increased by 12 days, while in Milan the increase was 13 days. This trend suggests that, despite the speed, sellers must be ready for a slightly longer sales process than in the past.
Analysis of provincial capitals
In the provincial capitals, the situation is different. Here, sellers must consider an average sales time of 131 days, up from 129 days in the previous year. This increase is indicative of greater caution on the part of buyers, which is reflected in a more selective demand. Cities like Genoa and Palermo show longer sales times, 138 and 128 days respectively, highlighting the challenges that sellers face in these areas
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The hinterland market
Another interesting aspect is represented by the sales times in the hinterland of large cities. Here, the average times increased to 146 days, compared to 139 days last year. This suggests that, while major cities may attract buyers more quickly, outlying areas are experiencing a slowdown. However, the Florence hinterland showed an improvement, with sales times reduced to 116 days, thanks to the growing demand
for vacation homes.
Conclusions and future prospects
In summary, the Italian real estate market in 2024 presents a variety of dynamics that influence sales times. While large cities such as Bologna and Milan continue to show some speed, provincial capitals and the hinterland are facing greater challenges. Buyers have become more cautious and selective, which could lead to a stabilization of sales times in the coming months. Staying up to date on market trends will be essential for those who want to sell or buy a property in Italy.