House, almost half of those who bought in 2024 are less than 34 years old: at Milan average price at 413,900 euros, in Rome 261,300

The sale of houses in 2024 generated a business volume of over 114 billion euros. The estimate is contained in the report on the residential real estate market drawn up by the Revenue Agency and ABI. This estimate is reached by adding the effect of the modest increase in sales (just under 720 thousand, with an annual increase of 1.3%) and more sustained growth in prices, calculated in 3.2%. The number of sale is still far from the 2006 historical maximumwhen the values ​​were higher than the current ones of 15% while the prices are still below 8 points than in 2011 and it must be considered that the data is at nominal values ​​and to limit the damage is the good performance of the new.

76 million square meters sold

Houses have been sold for a total of over 76 million square meters, increased by 1.2% compared to 2023, with An average surface per living unit purchased of 106 square metersin line with the data recorded in 2023 Milan only 80.9 meters. Compared to the total of the Italian residential heritage, the sales concern on average two homes per 100.

158 thousand euros the average turnover

The average turnover for sold accommodation is 158 thousand euros, with strong differences between geographical areas: it passes from 185,800 euros in Central Italy to just over 111 thousand of the islands. The gap between the overall turnover and the average turnover of Milan and Rome widens: in the Lombard capital the turnover is estimated at 9.9 billion euros, 800 million more than in the capital. The average price paid for accommodation in the shadow of the Madonnina stood at 413,900 euroscompared to the 261,300 in Rome, which is also exceeded in the ranking of the average cost from Florence, with 281,900 euros. Transactions in the municipalities of the hinterland of the major metropolitan areas have gone better than those of the capital municipalities, in particular in Milan the municipalities of the province record over 42 thousand buying and selling, against the 24 thousand in the capital. In Rome city the rogites were 35 thousand against the little more than 19 thousand in the province, but in the city the transactions increased by 2,%, in the hinterland by 4.7%.

The boom of young people

A figure released for the first time (if the memory does not deceive us) is that relating to the age groups of buyers and sellers. 47.4% of transactions saw young people buy young people of no more than 34 years, while the thickest range of vendors is between 60 and 80 years old, which alone has carried out over 44% of the sales. The most frequent age group resorted to the mortgage is that between 31 and 40 years (38.3%), with the ascent of age obviously the share of those who pay in cash grows.

The transfers of the bare ownership fall

And speaking of ultra sixty -year -old vendors, we point out that every year « investigations » arrive punctually according to which the economic difficulties (which for heaven’s sake, of course there are) are leading the elderly to sell the bare ownership of the home and equally punctually these scoops prove to be a hoax. Revenue data say that In 2024 the transfers of bare ownership decreased by 3.3% at national levelwhile the data relating to the big cities is -3.5%. Moreover in most cases, As we wrote herethese are not actual sales but for operations aimed at optimizing the tax levy on properties. At national level, the transfers of bare property represent 3.8% of transactions. In Rome the share is 4.4%, in Milan of 4.1%.

Mortgages

Coming to the mutual chapter, the small recovery of transactions in 2024 is all due to the increase in the share of homes bought with the support of a loan. The percentage rose to 41.7%, 1.6 points more than the previous yearAnd. However, we are still ten points below the average of the five-year period 2018-2022, the one to be clear in which the Euribor was at a negative rate and the Eurirs touched zero. The sum average paid at national level was 134,800 euros, with an increase of 4,400 euros than 2023 The average rate stood at 3.6%, for an average duration of 25.3 years and installment from 677 euros per month. Today, however, the situation is better because the latest ABI data, relating to the stipules of April 2025, indicate that the rate, albeit slightly recovery, is at 3.29%, probably given to improve during the year,

Leases

As for the leases, the report, which considering only the recorded contracts does not censor the rents of less than 30 days, indicates that the transactions made in our country were 1,010,611, with a drop of 0.6%. There were 412,886 free fee contracts lasting 4+4 years, down 3.3%, the agreed 3+2 241,877, growing by 0.1%; The transitors up to 18 months 289,422, an increase of 2% and finally the facilitates for students 66,426, with a 3% increase, but compared to the potential out of the location potential demand, this is a number that makes one think of a large slice of avoidance.

Rome and Milan

As regards large cities and limiting the comparison to the Roman market with the Milanese market and the two long -lasting types, it can be noted that in the capital in 2024 11,271 4+4 contracts were recorded with a free fee at an average cost of 157.4 euros per square meter per year, in Milan the free rents were 29,671, with an average fee of 208.9 euros. For agreed 3+2 instead in the capital there were 26,337 transactions at an average cost of 138.8, in Milan the number drops to 4,471, with a fee of 160.9 euros. The agreed in general convenient if its cost is no more than 15% lower than the free fee, otherwise the tax advantage is frustrated and the numbers of the two cities our local with plastic evidence: in Rome the concordat has canons of about 13% lower than those of the free and is chosen in 70% of cases by those looking for a stable lease; In Milan the gap between free and agreed touches 30% and the agreed is chosen only in 13% of cases