Luxury houses, from Cortina to Portofino (passing through Milan): where 20 thousand euros per square meter are exceeded

In the North, the valuable real estate market in the North (50%) is towed by the purchase of the first, while in the center (45%) and in the South (42%) the demand for second houses grows. In northern Italy the fulcrum of this market remains Milan, where prices exceed 22,000 euros per square meter in areas such as Brera and the quadrilateral For renovated homes to the new and the average prices in the center is around 15,000 euros per square meter. In Porta Romana and Porta Venezia, the prices oscillate between 8,000 and 12,000 euros per square meter. This is what emerges from the first « Market Report Italia 2025 » of Engel & Völkers Italia, made with Nomisma.

The valuable real estate market resists

« The valuable real estate market in Italy continues to show a remarkable resilience and attractiveness, both for national and international buyers, » he says Muhannad at Salhi, CEO of Engel & Völkers Italia. «The value market is confirmed to be a niche market, with its own dynamics – he adds Elena Molignoni, Head of Real Estate of Nomisma -.The scarce dependence on credit and the growing interest on the part of foreign buyers have contributed to protecting this segment from the economic effects that penalized the Italian real estate market during 2024 « .

Houses by the sea and in the mountains

The highest price range also confirms locations in Liguria, such as Portofino and Santa Margherita Ligure, with prices exceeding 19 thousand euros/m2 and reach peaks of 25,000 euros/sqm for properties with sea front. As a seaside resort, the South and the islands exert a particular charm on foreign buyers. In Campania, in Capri, the properties overlooking the Faraglioni reach 13,000-14,000 euros/sqm. On the coast
Amalfi, Ravello and Positano have prices between 6,000 and 10,000 euros/m2, while Sorrento reaches up to 8,000 euros/m2. In Puglia, Salento, with Lecce, Nardò and Otranto, attracts foreign demand thanks to its characteristics
unique architectural, with prices that oscillate between 1,000 and 5,000 euros/m2.
In Sicily, Mondello in Palermo is coveted with prices up to 4,000 euros/sqm. In Catania, the areas of the cliff, promenade and Tivoli have prices between 2,800 and 3,800 euros/m2. In Taormina, however, the prices exceed 5,200 euros/m2, while in Cefalù they vary between 3,000 and 4,500 euros/m2. Panarea, in the Aeolian Islands, has average prices over 7,000 euros/sqm. In Sardinia, Porto Cervo and Porto Rotondo confirmed the most coveted places, with prices between 26,000 and 32,000 euro/sqm. While in the surroundings of Olbia the most valuable properties also reach 15.00 euros.

For those who prefer the mountain Cortina d’Ampezzo maintains high prices with prices ranging between 18,000 and 24,000 euros/sqm. In Madonna di Campiglio the prices oscillate between 10,000 euros/m2 and 18,000 euros/m2 in the most exclusive areas. The mountain resorts of the Aosta Valley follow, such as Courmayeur and Cervinia with average prices that range between 8,000 and 14,000 euros/m2, with peaks of up to 16,000 euros/m2.

The most coveted lakes

On Lake Maggiore and Lake Orta, the properties lake access oscillate between 8,000 euros/m2 and 10,000 depending on the renovation level. On Lake Como, prices for renovated homes vary from 4,000 to 10,000 euros/m2, depending on the position. Lake Iseo records prices ranging between 2,400 and 4,400 euros/m2. While for a valuable house on Lake Garda you can spend up to 6,300 euros/m2.

The prices of the cities

Among the cities Venice records values ​​between 7,000 and 12,000 euros/m2 for properties in the historic center, Bologna is stable in a range between 4,500 and 5,500 euros/m2. While in Rome, in the historic center and in the neighboring areas, including Prati, Parioli and Pinciano, the average prices for renovated houses reach 7,500 euros/m2, with peaks exceed 10,000. In the historic center of Florence, the prices of renovated properties range from 4,200 to 5,500 euros/m2, but with luxury properties that reach 10,000 euros/m2. Outside the center, the Lungarno Vespucci is a very coveted area due to the proximity to the center and the panoramic view of the river, highlights the study, with prices between 3,500 and 4,200 euros/sqm. In Naples, the areas of Chiaia, Posillipo and Vomero have the highest real estate values, with average prices of 7,500, 7,000 and 6,500 euros/sqm respectively. In the historic center, on the other hand, the prices of valuable properties range between 4,000 and 5,000 euros/m2. While in Bari, the neighborhoods of Murat and Umbertino are among the most sought after, with prices between 3,800 and 4,200 euros/m2 for renovated residences.