House prices in Italy rose by 4% year-on-year in the second quarter of 2026, marking a slowdown from the 5.1% growth seen in the first quarter, according to national statistics. This overall moderation in the housing market was mirrored across several major cities, although some areas experienced varying trends.
Turin emerged as a standout, with property prices soaring 8.5% compared to the same period last year. This marked a significant acceleration from the 3.8% increase recorded in the first quarter, highlighting a robust demand in the region.
Rome also saw a notable upward trend, with housing prices climbing 6.4% annually, up from a 5.5% rise in the previous quarter. The capital’s real estate market continues to attract attention, maintaining steady growth amid broader national fluctuations.
In contrast, Milan experienced a marked deceleration. The city’s house prices increased by just 2.4% year-on-year, a sharp decline from the 7.1% surge in the first quarter. This slowdown in Milan suggests a cooling in one of Italy’s most dynamic real estate markets.