The Italian real estate market witnessed a slowdown in house price growth during the second quarter of 2026. National statistics revealed a 4% increase in house prices compared to the same period last year, a deceleration from the 5.1% annual growth observed in the first quarter. This shift reflects a cooling trend across the country, although variations were noted among major cities.
Turin emerged as an outlier in this broader context, recording the highest increase among Italy’s major urban areas. House prices in Turin surged by 8.5% year-on-year, a significant jump from the 3.8% growth in the previous quarter. This robust performance highlights Turin’s dynamic market conditions amid the overall national slowdown.
In contrast, Rome experienced a steadier acceleration. The capital city saw a 6.4% rise in house prices over the past year, up from 5.5% in the first quarter. Rome’s real estate sector continues to attract interest, likely driven by its status as a cultural and economic hub.
Milan, however, faced a marked deceleration in price growth. The city recorded a modest 2.4% increase in house prices year-on-year, a sharp drop from the 7.1% rise in the first quarter. This change suggests that local market dynamics in Milan may be shifting, possibly influenced by external economic factors or a natural market correction.
These variations in house price growth across Italy’s major cities underscore the complex nature of the country’s real estate market. While the national trend points to a slowdown, individual cities like Turin and Rome continue to reflect strong local demand and unique market drivers.