Florence Market Update

The real estate market in Florence, Italy, is showing positive trends with significant price growth:

Rising Prices - Florence consistently has some of the highest apartment prices in Italy. In 2023, the sales price of residential real estate in Florence was well above the national average, reflecting its status as a highly desirable market​.

Increased Demand - Investment interest remains strong, with 23% of all real estate transactions in 2023 attributed to investors, underscoring Florence’s appeal as a safe and lucrative investment destination​.

Supply Constraints - The supply of available properties for sale in Florence has decreased, with listings dropping by 24% over the past year, contributing to the competitive market conditions​.

Growth Expected - The Italian residential market is poised for growth through 2024 and beyond, with projections extending to 2028. As of September 2024, the average price for residential properties reached €4,283 per square meter, a 3.11% increase compared to September 2023​.