The Italian real estate market collapses, -10% in 2023


By John

Sharp decline in 2023 for the Italian real estate market. The residential sector closed the year with almost 710 thousand homes sold, with an overall reduction of almost 10% compared to 2022.

This is what emerges from the Real Estate Market Observatory of the Revenue Agency which underlines that the housing market in Italy showed negative trend rates in all quarters of 2023, but in the fourth, with just over 200 thousand homes sold , the decline stopped at 3.3% (against the drastic reduction of over 10% in the third quarter).