The number of properties for sale in Italy falls by 2.8%

• The stock of houses for sale in Italy fell by 2.8% in 2021. Discover the data by city.

In an overview of Italian real estate in 2021 and 2022, data shows that the supply of homes for sale fell by 2.8% during the first quarter of 2022, i.e. the number of properties for sale in Italy decreased by this amount. This is compared to the same period last year, according to a study published idealista. In Rome, supply fell by 10.7% over the last twelve months, while in Milan it grew by 2.1%.

The number of properties for sale in Italian cities
Most of the Italian provincial capitals (72 out of 104 monitored) have fewer homes for sale than a year ago, with a peak of 29% in L'Aquila, which precedes 13 other markets that recorded a contraction in stock of over 20%. Another 26 towns with double-digit decreases were included in the range from -19.3% in Modena to 10.1% in Lodi; in the lower range, 32 towns recorded decreases ranging from 9.8% in Siracusa to 0.3% in Campobasso.

The major markets where the number of properties for sale has decreased the most in the last 12 months were Rome (-10.7%), Turin (-8.8%) and Palermo (-7.7%); smaller decreases were recorded in Naples (-4.7%) and Florence (-3.1%); in contrast, Venice (13.1%), Genoa (9.8%), Bari (5.2%) and Milan (2.1%) saw their stock increase compared to the same period last year.

In addition to these cities, the number of properties for sale rose in 28 other towns, half of which recorded double-digit jumps - the largest in Macerata (28%) and Alessandria (27.3%). The rest of cities saw single-digit growth in housing supply, from the aforementioned Genoa, to markets that saw marginal increases such as Vibo Valentia (0.6%), Como (0.4%) and Teramo (0.3%). Errors in the sample meant that Rovigo and Vercelli could not be statistically analysed.

The number of properties for sale in Italian provinces
At the provincial level, the reduction in stock affected 61 of the 105 macro-areas surveyed (58% of the markets), i.e. it was less extensive than in the city markets. The largest decreases were recorded in Trieste (-27.4%), followed by Isernia (-23%), Bologna (-20.7%) and Bolzano (-20.4%). Double-digit falls for 18 other provinces ranged from -18.3% in Livorno to -10.1% in Lecco. In the province of Naples the drop was 7%, in Rome 4.6%, while in Milan the housing offer is up 3.3%.

Cosenza (25.5%), Alessandria (24.7%), Crotone and Reggio Calabria (both at 20.6%) and Vibo Valentia (20.1%) are the cities where the housing supply in Italy has grown the most in the last year. Another 6 macro-areas show double-digit increases, from 19.9% in Cremona to 10.8% in Catanzaro. Another 33 markets are enclosed between 9.5% in Como and 0.1% in Venice.

Source: idealista