Italian house prices saw a 4% year-on-year increase in the second quarter of 2026, marking a deceleration from the 5.1% growth observed in the first quarter, according to national statistics. This slowdown in the housing market reflects varying trends across major cities.
Turin led the rise in property values among Italy’s major urban centers, with house prices jumping 8.5% compared to the same period last year. This increase significantly outpaced the city’s 3.8% growth in the first quarter, highlighting a robust demand in the local real estate market.
Rome also experienced a notable uptick, with housing prices increasing by 6.4% annually, up from a 5.5% rise in the previous quarter. This acceleration signifies a sustained interest in the capital’s residential properties.
In contrast, Milan’s housing market exhibited a pronounced slowdown. House prices in the city rose by just 2.4% year-on-year, a stark decrease from the 7.1% growth recorded in the first quarter. This shift suggests a cooling trend in Milan’s real estate sector, which had previously been experiencing rapid growth.