In the first months of 2023, the real estate market in Tuscany, as in all of Italy, is showing a positive trend, although there are some differences among the various regions of the country. According to the latest data published by Immobiliare.co.uk, the average house price in Italy rose 2.8 percent compared to the same period last year.
In particular, demand for houses in Italy is growing, especially in large cities and major urban centers . More populous cities such as Milan, Rome, and Turin are experiencing increased demand for real estate, with price growth of 3.5 percent, 2.9 percent, and 2.1 percent, respectively.
Some southern Italian cities, such as Naples and Bari, are also experiencing growth in real estate prices, a sign that the market is recovering after several years of stagnation.
The luxury real estate market is showing good resilience, with prices up 2.7 percent year-on-year. The market for second homes is also experiencing a positive trend, with 2.5 percent growth over the same period in 2022.
However, there are some regions of the country where house prices are growing more moderately, such as in Calabria and Sicily, where growth was 1.6 percent and 1.8 percent, respectively. This could be due to lower demand for real estate in these areas.
Interestingly, despite the positive trend, the housing market has not yet returned to pre-pandemic levels. In fact, the average house price in Italy is still 4.2 percent lower than the values recorded in 2019.
However, the market is showing a recovery in these early months of 2023, with house prices rising in several regions of the country. The positive trend looks set to continue in the coming months, especially in large cities and major urban centers.
The real estate market in Tuscany in the first months of 2023
Tuscany is one of the most beautiful and fascinating regions in Italy, in high demand by those looking for a home in a quiet and green area but also close to major urban centers. In the first months of 2023, the Tuscan real estate market is showing, in parallel with the Italian market in general, a positive trend.
In fact, according to data published by Immobiliare.it, the average price of homes in Tuscany rose 2.5 percent compared to the same period last year. Demand for houses in this region is growing especially in some provinces: house prices in Florence increased by 3.1 percent, in Pisa by 2.8 percent and in Lucca by 2.4 percent.
The province of Grosseto is also showing a good recovery in the housing market, with price growth of 2.6 percent over the same period in 2022. The provinces of Siena and Arezzo, on the other hand, have less significant price increases of1.8 percent and1.6 percent, respectively.
As for the time it takes to sell real estate, the time in Tuscany is still quite high, with an average of 10 months for a house to be sold. However, this figure is entirely in line with the national average and may be due to buyers being more careful in carefully considering the purchase of property, especially in times of economic uncertainty.
In addition, the market for second homes in Tuscany is experiencing 2.2 percent growth compared to the same period in 2022. Country homes, luxury villas and apartments near the sea are among the most sought-after property types, a sign that Tuscany continues to be a popular destination for those looking for a vacation home.