Turin: property market on the rise – sales and turnover exceed the average for the last ten years

In Turin, the property market has returned to levels above the average for the last decade, both in terms of sales and sector turnover. The Piedmontese capital now appears to be undergoing a period of gradual revival, realising a potential that may have remained untapped for a long time. In 2025, house sales rose by almost 7 per cent to 16,151 properties, with an absorption rate of over 90 per cent.

The regional analysis – compiled for *Il Sole 24 Ore* by the Abitare Co. Research Centre – paints a picture of a city undergoing transformation, driven by numerous urban regeneration projects, demand increasingly linked to students and young families, and prices that remain competitive. The figures confirm the dynamism of the market: compared with 2008, prices in the city centre are now 11 per cent higher, with an average of 5,500 euros per square metre in the centre, whilst the semi-central area and the suburbs stand at 3,550 and 2,100 euros per square metre respectively. Rents are also rising, reaching €250 per square metre per annum in the city centre, compared with €150 in the semi-central area and €71 in the suburbs.

However, these figures must be viewed in the context of demographic change. According to Cresme data, between 2019 and 2024 Turin lost 4,714 residents (-943 per year) and, over the next ten years, the population is set to fall by a further 12,209 people. Demand for housing, however, does not depend solely on the total number of residents, but also on the structure of households. Over the last five years, the city has recorded an increase of 13,590 households (+2,718 per year) and, over the next 10 years, this figure is expected to rise by 21,304. This represents growing and qualitatively different pressure on demand, with a shift towards larger, less subdivided homes.

It is these figures that Lorenzo Bellicini, CEO of Cresme, will use tomorrow to open the first Turin Architecture Festival, organised by the Foundation for Architecture and the Turin Order of Architects, scheduled to run until 9 July at the former Fish Market in Porta Palazzo, which will explore solutions for the future of housing and urban space. ‘We need to go back and understand how we have reached this new housing crisis,’ explains Bellicini, ‘not just by asking ourselves how many homes we need, but above all what sort of homes and what models of provision can meet a demand that is changing.’

Looking to the future, the New Master Plan is set to be the main catalyst for change by 2026. Adopted by the City Council last March, it introduces elements that represent a significant break with the past and a move towards simplification. For Paolo Mazzoleni, the Councillor for Urban Planning, it is “a technical framework but also a political act in the truest sense of the word”, built around three key words: innovation, welfare and ecosystem. ‘Whilst the previous Plan successfully guided the post-industrial transition,’ he adds, ‘today the city needs a new framework to tackle different challenges: demographic, economic, environmental and social.’