Average price for properties for sale in Rome, Italy 2016-2023, per month
The prices of residential properties in Rome, Italy, have significantly declined since 2016. In October 2023, buying a residential property in Rome cost on average 3,306 euros per square meter, down from 3,489 euros per square meter in December 206 during the market peak. A more detailed look into the city’s real estate market showed that residential dwellings in the most affluent areas of the city can fetch up to more than seven thousand euros per square meter.
Positive signals for the real estate market
In general, lower prices seem to have attracted interest in the real estate market in the city. The number of residential property transactions in Rome has increased steadily since reporting the lowest value in 2013, when about 23.8 thousand transactions were registered.
Not a city for investments
Despite boasting lower prices when compared to Milan, Rome didn’t seem to be able to catch the interest of foreign investors. In 2018, the Italian capital could attract only 19 percent of the total foreign investments in the real estate sector in Italy. Moreover, in a list of the most popular cities in Italy for residential property purchase for investment Rome ranked last behind all major Italian cities.