It was an honor and a pleasure to be able to participate and contribute to the event organized last Saturday, June 7, in the splendid setting of the Golf Club Villa D'Este in Montorfano, for a truly Noble purpose. A golf tournament was organized, for charity, “La Vita è un Dono” an...
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Omi: residential sales still up in Q1 2025: +11.2%
11.06.2025
The residential market continues to grow in the first quarter of 2025. According to the quarterly note from the Omi Observatory of the Revenue Agency, in the first quarter of 2025, over 172 thousand homes were bought and sold, approximately 17 thousand more than in the same period of 2024. The growth mainly concerns existing homes (+11.9%), while transactions of newly built properties remain almost stable.
The growth in housing volumes is widespread in all geographical areas of the country, with a slight difference between provincial capitals and smaller municipalities, with the former recording an increase of 11.6% and the latter of +11%.
The increase in home purchases is more marked in the areas of the North and the Center, almost +15% in the North East and just over 12% in the North West and the Center. In the South and the Islands, homes bought and sold grew by 6.3% and 6.8% respectively. The surface areas of the exchanged homes show a slightly higher growth than that found for the units bought and sold, +12.4%. The increase involves all size cuts and is more accentuated as the size of the homes increases. The analysis of the monthly trend variations highlights, in particular, a more accentuated growth in sales in the months of January and March, +15.8% and +11.7% on national average.
Purchases backed by mortgages account for 45.8% of the total, approximately 4 percentage points more than in the previous quarter and almost 7 points more than in the same quarter of 2024, supported by a further reduction in the average initial interest rate which, in this first quarter, stands at 3.22%, 9 basis points less than the previous quarter and 76 less compared to the same quarter of 2024. The capital that financed home purchases is equal to approximately 10.3 billion euros, over 3 billion more than the capital that financed mortgages in the first quarter of 2024.
In line with the national trend, house sales in the eight main Italian cities by population show an overall growth of 9%. The increases are widespread in all cities, with Genoa and Turin showing the highest increases, over 12%, followed by Rome with volumes increasing by 10.7%. Trend variations close to 10% are observed in Bologna, +9.3%, and Palermo, +8.8%. More modest, but still above 5%, are the increases in Milan, +7.1%, and Naples, +6.1%. The only city with a negative trend variation is Florence, -6.2%. In Rome, Bologna, Milan and Florence the share of home purchases by PF with a mortgage exceeds 50%. Rome is the city with the highest share of home purchases with the “first home” incentive, over 85%. Milan remains the city with the highest share of purchases of new homes, even though this quarter it fell below 10%.
The growth in housing volumes is widespread in all geographical areas of the country, with a slight difference between provincial capitals and smaller municipalities, with the former recording an increase of 11.6% and the latter of +11%.
The increase in home purchases is more marked in the areas of the North and the Center, almost +15% in the North East and just over 12% in the North West and the Center. In the South and the Islands, homes bought and sold grew by 6.3% and 6.8% respectively. The surface areas of the exchanged homes show a slightly higher growth than that found for the units bought and sold, +12.4%. The increase involves all size cuts and is more accentuated as the size of the homes increases. The analysis of the monthly trend variations highlights, in particular, a more accentuated growth in sales in the months of January and March, +15.8% and +11.7% on national average.
Purchases backed by mortgages account for 45.8% of the total, approximately 4 percentage points more than in the previous quarter and almost 7 points more than in the same quarter of 2024, supported by a further reduction in the average initial interest rate which, in this first quarter, stands at 3.22%, 9 basis points less than the previous quarter and 76 less compared to the same quarter of 2024. The capital that financed home purchases is equal to approximately 10.3 billion euros, over 3 billion more than the capital that financed mortgages in the first quarter of 2024.
In line with the national trend, house sales in the eight main Italian cities by population show an overall growth of 9%. The increases are widespread in all cities, with Genoa and Turin showing the highest increases, over 12%, followed by Rome with volumes increasing by 10.7%. Trend variations close to 10% are observed in Bologna, +9.3%, and Palermo, +8.8%. More modest, but still above 5%, are the increases in Milan, +7.1%, and Naples, +6.1%. The only city with a negative trend variation is Florence, -6.2%. In Rome, Bologna, Milan and Florence the share of home purchases by PF with a mortgage exceeds 50%. Rome is the city with the highest share of home purchases with the “first home” incentive, over 85%. Milan remains the city with the highest share of purchases of new homes, even though this quarter it fell below 10%.
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The rental market has seen a strong acceleration in the first three months of 2025. According to data from the Research Department of idealista, a leading real estate portal for technological development in Italy, the supply of properties for rent has increased by 16% compared to the same period in 2024. The sector is driven above all by the signif...
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