Shared rentals, growing supply (+14%) and prices (+6%)
It is the solution preferred by young people and those with weaker incomes. But the average rent has reached 475 euros per month and in Milan it is as high as 675. According to Idealista, renting out rooms has become much more profitable for landlords than renting out an entire flat.
3' min read
3' min read
With the covid parenthesis over - but inflation taking over - the appeal of flat sharing is back, in an attempt to split expenses and save on rent. However, the increase in supply (+14% in the last year alone) but also in demand continue to push rents up, which have risen by 6%, bringing the average to €475 per month. The latest Idealista report certifies this.
The average price of 475 euro per month is much lower than what one pays for a room in Milan, where it averages 675 euro. Among the most expensive capital cities is Bologna with an average request of 595 euros per month, followed by Venice (560 euros), Florence and Monza (both 525 euros), then Brescia and Rome with 520 and 500 euros respectively. With prices below the national average, we find Turin (450 euro) and Naples (380 euro). At the bottom of the ranking, Reggio Calabria is the cheapest city to rent a room, with an average price of 180 euros, followed by Potenza and Benevento with 200 euros per month.
"In recent years, the cost of renting flats has become increasingly expensive, prompting many to consider home sharing. This is a choice adopted above all by the most vulnerable social classes and young people, because it allows them to reduce the economic effort,' explains Vincenzo De Tommaso, spokesperson for idealista. 'In some dynamic cities like Milan, the prices of shared rooms are reaching the limit of sustainability. In Milan, for example, the costs of shared rooms are approaching those of studio apartments, making these solutions less attractive than an independent rental'.
According to De Tommaso, 'renting out rooms has become much more profitable for landlords than renting out an entire flat. As a result, many have seized the opportunity, leading to a marked increase in the supply of rooms in shared flats compared to the same period last year'.
Milan and Rome dominate. But the provincial capitals are growing
.Milan and Rome together account for 50% of the national supply of rooms in shared flats, with Milan at 35% and Rome at 15%. Other important markets are Bologna (4.4%), Turin (3.8%), Padua (3.1%), Modena (2.5%), Florence (2.2%) and Naples (2%). Altogether, these centres catalyse two thirds of the supply of shared rooms at national level.
The report reveals that two thirds of the provincial capitals recorded an increase in the supply of available rooms compared to the previous year. Among markets with at least 50 listings, Reggio Emilia led the growth with a 102% increase, followed by Forlì, where supply doubled (100%). These markets, traditionally characterised by low supply, show high percentage changes even with small changes in the number of available rooms.
