The Italy real estate market size reached USD 10.01 Trillion in 2023. Looking forward, IMARC Group expects the market to reach USD 11.02 Trillion by 2032, exhibiting a growth rate (CAGR) of 1.12% during 2024-2032. Rapid urbanization, government expenditure on infrastructure development, rising interest by foreign investors, smart city projects, and sustainable development projects represents some of the key factors driving the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Size in 2023 | USD 10.01 Trillion |
Market Forecast in 2032 | USD 11.02 Trillion |
Market Growth Rate (2024-2032) | 1.12% |
Urbanization and Infrastructure Development
The real estate market in Italy has been boosted mainly by the expansion of cities and improvement in infrastructure. 18.2% of real estate transactions in the second half of 2022 were made for investment, slightly higher than the 2021 percentage of around 16.5%. Genoa is the Italian city where renting a property yields the highest returns. In the capital of Liguria, the yield is 6.4%, followed by Palermo (6.3%) and Verona (6.2%). Large cities, such as Milan, Rome, and Turin, are facing population growth pressure, which has driven up demand for housing, office, and retail space. Government expenditure on infrastructural development like transportation and improvement of social amenities also makes the urban areas more desirable. Better connectivity and infrastructures not only boost the property value, but also lure businesses and inhabitants. Furthermore, smart city projects and sustainable development projects are changing the face of cities and providing real estate developers with a chance to meet the new demands of the society for urban, innovative, and green homes.
Foreign Investment and Economic Stability
Foreign investment and economic stability are the main factors that influence the development of the Italian real estate sector. In 2021, there was an increasing interest of foreign investors in the Italian real estate market, with a notable rise in transactions in Milan and Rome. These cities have seen significant foreign investments, particularly in commercial and luxury residential properties. Political stability with moderate rates of economic growth and sound fiscal policies creates a suitable atmosphere for property investment. Also, measures that have been taken to streamline the property purchase procedures and increase transparency have opened up the market to foreign investors. These factors, coupled with the attractiveness of Italy as a tourist and business hub, are also fueling the growth of the real estate market.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on property, business, and mode.
Property Insights:
The report has provided a detailed breakup and analysis of the market based on the property. This includes residential, commercial, industrial, and land.
Business Insights:
A detailed breakup and analysis of the market based on the business have also been provided in the report. This includes sales, rental, and lease.
Mode Insights:
The report has provided a detailed breakup and analysis of the market based on the mode. This includes online and offline.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South and Others.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | USD Trillion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Properties Covered | Residential, Commercial, Industrial, Land |
Business Covered | Sales, Rental, Lease |
Modes Covered | Online, Offline |
Regions Covered | Northwest, Northeast, Central, South, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |