Italian house prices rose by 4% year-on-year in the second quarter of 2026, marking a deceleration from the 5.1% growth observed in the first quarter, according to national statistics. This slowdown reflects varying trends across major Italian cities.
Turin experienced the most significant increase among Italy’s major urban areas, with property prices surging by 8.5% compared to the same period last year. This growth was notably higher than the 3.8% increase recorded in the first quarter, indicating a robust demand in the city.
Rome also showed strong performance with a 6.4% annual rise in house prices, up from a 5.5% increase in the previous quarter. The capital’s housing market continues to attract buyers, contributing to its growing price trajectory.
Conversely, Milan saw a marked slowdown in its housing market. Prices in Italy’s financial hub rose by a modest 2.4% year-on-year, a significant drop from the 7.1% growth seen in the first quarter. This decline suggests a cooling in Milan’s previously rapid price gains.