Home: buoyant housing market, 9.1% growth in the first nine months of 2025

In the first nine months of 2025, the residential property market in Italy appears lively with continued signs of dynamism. From January to September 2025, 548,287 sales were recorded in Italy, an increase of 9.1% compared to the same period last year. The tax authorities are also smiling: they have collected just under 200 million more than in the nine months of 2024 from taxes on property purchases and sales such as registration, stamp duty and mortgage and cadastral taxes.

The capital cities with the most active residential market, according to an analysis by Abitare Co, a real estate brokerage and services company, are no fewer than 83 cities. These are provincial capitals that have closed in the positive in the first months of 2025. Among the most lively were Frosinone (+45.1%), Sondrio (+34.6%) and Belluno (+34.4%), followed by Grosseto (+29.3%), Catanzaro (+26.5%), Campobasso (+25.7%), Siena (+25.6%), Imperia (+22.8%), Pavia (+21.4%) and Massa (+21.3%). Bricks do not seem to attract the attention of Italians too much in at least 13 provincial capitals where the sign remains negative when compared to 2024. The most significant declines were recorded in Enna (-12.9%), Isernia (-10.2%), Aosta (-10.1%) and Crotone (-6.7%).

An analysis of the eight metropolitan cities also shows an overall positive picture: all of them register a "plus" sign, with the exception of Florence which, in the first 9 months of 2025, shows a -2.2% drop in purchases and sales. The most active metropolitan city is Turin (+10%), followed by Palermo (+9.1%) and Milan (+8.4%). The market is also growing in the capital: 26,694 sales were recorded, an increase of 6.8%. Genoa (+6.2%), Bologna (+4.4%) and Naples (+3.6%) followed.

At the regional level, Umbria stands out among the most lively areas, with +15.5% (8,110 sales) in the first nine months of 2025. Also on the podium are Tuscany with +14.1% (37,111 sales) and Friuli-Venezia Giulia with +14% (7,828 sales). There was also double-digit growth for Lazio (+12.7%), Emilia-Romagna (+12.6%), Marche (+11.5%), Calabria (+11.4), Piedmont and Veneto, both with +11.3%, Liguria (+10.4%) and Lombardy (+10.1%).