Milan is the most expensive provincial capital in Italy in terms of housing. It takes almost 5,000 euros per square meter (4,965 to be precise) to buy a house. We are obviously talking about an average, but it is the highest average in the country. This was revealed by the latest report by Idealista, according to which 2022 marked the end of low mortgage rates and a slowdown in demand, due to various factors including growing inflation. According to the research office, in 2023 (due to economic uncertainty) several people will postpone buying a house and prices should ‘cool down’.
After Milan, the ‘podium’ of the capitals sees Bolzano and Venice, with 4,412 and 4,375 euros per square metre. Followed by Florence, Bologna and Rome, all above 3,000 euros. The cheapest provincial capitals are Biella (687 euro/m2), Caltanissetta and Ragusa. In 2022, the increase in house prices in Italy marked +1.2%, with a value. average of 1,843 euros per square metre. Among the provincial capitals, the greatest increase was recorded in Monza (+13.6%), Bolzano and Treviso. The most consistent drop, on the contrary, in Isernia (-9.7%).
At the provincial level, the growth of prices in Milan is rather sustained (+7.6%), and the Milanese metropolitan city is this time in second place (3,340 euro/sqm) after Bolzano (4,354 euro/sqm). Savona and Lucca follow, above all because of the rivieras, while Biella is still the cheapest province in Italy. Finally, at the regional level, the most expensive area is once again Trentino-Alto Adige; followed by Valle d’Aosta, Liguria, Tuscany, Lazio and Lombardy (the latter with 2,113 euros per square metre)..