House prices in Italy rose by 4% in the second quarter of 2026 compared to the same period last year, a slowdown from the 5.1% annual growth seen in the first quarter, according to national statistics. The variation in house price growth was evident across major cities, highlighting differing market dynamics within the country.
Turin led the way with the most significant increase among Italy’s major urban centers, reporting an 8.5% rise in house prices year-on-year. This figure represents a notable acceleration from the 3.8% growth experienced in the first quarter, indicating a robust demand in the Turin housing market.
Rome also saw a considerable rise in house prices, with a 6.4% increase over the year, up from a 5.5% growth rate in the prior quarter. The capital’s real estate market continues to show strong performance, reflecting sustained interest and investment.
In contrast, Milan experienced a marked deceleration in house price growth. Prices in the city increased by only 2.4% year-on-year, a sharp decline from the 7.1% growth recorded in the first quarter. This slowdown suggests a potential easing in demand or market adjustments following a period of rapid increases.