As Italy’s real estate market experiences shifts, house prices in the country saw a 4% increase year-on-year in the second quarter of 2026. This marks a deceleration from the 5.1% growth observed in the first quarter, according to national statistics. The overall trend reflects a cooling of the market, with varying dynamics across major cities.
Turin emerged as the standout among Italy’s major urban centers, witnessing house prices soar by 8.5% compared to the same period last year. This growth marks a significant leap from the 3.8% increase recorded in the first quarter, highlighting Turin’s expanding appeal in the housing sector.
Rome also contributed to the upward trajectory, with house prices climbing 6.4% year-on-year. This figure represents an acceleration from the 5.5% increase seen in the previous quarter, indicating a steady demand for property in the capital city.
Conversely, Milan experienced a notable slowdown in its housing market. Prices rose by just 2.4% annually in the second quarter, a sharp decline from the robust 7.1% growth reported in the first three months of the year. The slowdown suggests a shift in market conditions or buyer interest within Italy’s financial hub.