After a year of Covid-19 it seems like real estate prices in Italy have not undergone significant changes. The trends of December 2019 have been confirmed. Prices are increasing in the most touristic and hence most expensive regions of Italy.
In December 2019 the real estate market showed evidence that the bottom price had been reached in Sardinia, Liguria and Tuscany. In 2020 the trend was confirmed and after many years of price decreases the Tyrrhenian Sea regions are now showing relevant price increases: Sardinia +8,28%, Tuscany +3,99%, Campania +3,05% and Liguria +0,88%. Also Lazio, Emilia-Romagna, Lombardy and Veneto, the regions which most suffered from Covid-19 in 2020, show price increases.
In December 2019 the real estate market showed evidence that the bottom price had been reached in Sardinia, Liguria and Tuscany. In 2020 the trend was confirmed and after many years of price decreases the Tyrrhenian Sea regions are now showing relevant price increases: Sardinia +8,28%, Tuscany +3,99%, Campania +3,05% and Liguria +0,88%. Also Lazio, Emilia-Romagna, Lombardy and Veneto, the regions which most suffered from Covid-19 in 2020, show price increases.
In all other Italian regions prices continued to go down. The biggest price decreases were in Sicily -5,49%, Abruzzo -3,88% and Piedmont -3,64%. (source: www.immobiliare.it)
Covid-19 surged the demand for countryside property from Italian buyers and the demand from abroad seems to be growing rather steadily. For the time being the transactions of foreign buyers are slowed down by recurring and ongoing travel restrictions. Once the travel restrictions will be lifted, it is expected that the market activity which was temporarily queued and put on hold will accelerate. It is likely that a boost of transactions and demand will further fuel the Italian real estate market in 2021.
