Rentals, what happens in Rome and Milan? The leap of the agreed fee contracts and students (and the decline in Airbnb)

The greatest ease of access to the mortgage It is leading to a decisive recovery of residential transactions. The data of the sale related to the first 2025 quarter made known by the Revenue Agency mark an increase in sales of 11.2% compared to the same period last year, for a total of 172,048 operations. The deeds in seven of the eight major metropolitan areas is growing: Rome (+10.7% and 8,528 transactions), Milan (+7.1% and 5,505 transactions), Turin (+12.2% and 3,583 transactions), Genoa (+13.5% and 2,155 transactions), Bologna (+9.3% and 1,357 transactions), Naples (+6.1% and 1,982 transactions) e Palermo (+8.98% and 1,640 transactions). Decreased only Florencewith -6.2% and 1067 transactions.

Sales and mortgages

There correlation between sales and mortgages It is made evident by other reports of the report: compared to the first quarter of 2024, the ownership passes concluded thanks to a mortgage loan went from 56,577 to 75.070 with an increase of almost 33% and the share of sales with a mortgage rose from 38.6 to 45.8%, given that in Rome it rises to 58.7% and to Milan at 53.5% strictly connected to the purchasing numbers House, passed from 146,627 to 163,840 and, at a percentage altitude of total purchases, from 69.6 to 72.5%. The average rate of financing operations dropped to 3.22% compared to 3.99% of the first quarter 2024 and the sums paid went from 7.2 to 10.4 billion euros.

The new houses instead struggle

The number of sales of new homes is slightly decreased: a -0.6% which was expected and has a tax explanation: the fourth quarter of 2024 had recorded a boom of operations that were actually largely advances of rogites made to be able to take advantage of the Bonus surfer tied to demolition and subsequent reconstruction. In no big city the sales of the new touch the double percentage digits, in the capital they represent 8.1%, in the Lombard capital 9.5%.

Rental contracts: more « agreed » less short (Airbnb)

As for the leases, the eight -year -old free fee contracts stopped at 108 thousand, with a decrease of 2.6% compared to the same period of 2024, mind the agreed fees recorded an increase of 3.6%. In particular, in Rome the free canons record a decrease of 12%, to 2,718 while i agreed They went down to 6,792, with a 5.1%drop. In Milan the free canons dropped to 7,175, with a drop of 1.3%, while the agreeds record a +81.8% by going to 1,869 operations. In both cities, i Transitional contracts or students subject to registration. The impression, especially for Milanis that there is a passage to these contractual forms by small owners dissatisfied by the performance of the short rentals « Airbnb » model (type that the report does not consider, as it is not subject to registration).

The non -residential: shops and commercials start again

Finally, the good performance of the non -residential, growing, underlines, underlines in his comment to the Revenue Agency, of 5% compared to the analogous period of the previous year, should be reported. Well, in particular, the transactions of shops and commercial deposits in the South and in the islands. Light drop (-2.3%), however, for the sale of land despite the positive data recorded in the north of the country.