Real Estate Market Report: Rome's Prices Surge, Milan's Increase Slows

Comparing Housing Price Trends in Rome and Milan Using Data from Idealista

The real estate markets in Italy's two major cities are evolving differently. According to the most recent analysis by Idealista, a leading real estate platform in the country, Rome has experienced a significant acceleration in price growth. In the first quarter, housing costs surged by 1.9%, and over the past year, they have risen by 7.8%. On the other hand, Milan's situation is distinct: while prices are still rising, the pace has notably decelerated, with an increase of just 0.2% in the quarter and 4.1% over the year.

Rome's Price Growth Reaches 7.8% in a Year

The initial months of the year have proved fruitful for Rome's real estate sector, showcasing a consistent uptrend in property values. The average price per square meter has risen by 1.9% in the last three months, reaching €3,369.

The year-on-year comparison reveals even more remarkable growth, with a 7.8% increase in housing prices over the past twelve months. Monthly growth stood at 1.3%. These insights are detailed in a recent report from Idealista's research division.

Market Trends Across Rome's Districts

An examination of 27 city districts indicates that prices are predominantly on the rise. Out of the areas analyzed, positive trends were identified in 23 districts.

The most substantial growth was observed in the Aurelio district, where housing prices surged by 4.3%. This was followed by Parioli at 2.4% and the historic city center, registering a 2.1% increase. The Gianicolense–La Pisana and Casal Palocco–Infernetto districts aligned with the city's average, showing a 1.9% growth.

In other neighborhoods, the increments were more moderate, ranging from 1.7% in the EUR–Torrino–Giuliano Dalmata area to 0.1% in Ottavia–Primavalle. The Labaro–Prima Porta district remained relatively stable. Price drops were noted in Prati (-1.8%), Ardeatino–Appio Pignatelli–Cecchignola (-0.9%), and Trigoria–Castel di Leva (-0.2%).

The historical center retains its status as Rome's priciest district, with an average price of €7,737 per square meter. Parioli follows at €6,278 per square meter, and Prati at €6,229.

Elevated prices are also evident in Nomentano Tiburtino districts, where the average price stands at €5,213 per square meter, and Appio Latino at €4,579. Eight more districts surpass the city's average of €3,369 per square meter, with prices varying from €4,178 in Cassia Flaminia to €3,607 in Torrino Giuliano Dalmata.

The remaining districts in the capital fall below the average, with housing prices ranging from €3,338 per square meter in the Portuense-Magliana area to €2,077 in Roma Est-Autostrade, offering the most budget-friendly options for buyers.

Rome Province Insights

The real estate landscape in the province also displays positive momentum. Prices rose by 1.3% in the quarter, with the average price per square meter hitting €2,612. Annually, there was a growth of 6.3%, affirming the market's sustainable advancement.

Among the 64 municipalities scrutinized, 58% witnessed price hikes. Noteworthy performances were seen in Lanuvio (+8.5%), Castel Gandolfo (+7.1%), and Civitavecchia (+4.8%). In other areas, the increments ranged from 3.5% in Sant'Angelo Romano to 0.1% in Albano Laziale.

In certain towns like Capena and Bellegra, prices remained relatively steady. Conversely, 25 localities experienced a decline in housing prices, with notable drops in Trevignano Romano (-4.7%), Segni (-3.9%), and Ariccia (-3.6%).

Frascati leads as the most expensive municipality in the province, with an average price of €2,829 per square meter, followed by Grottaferrata at €2,685 and Fiumicino at €2,649. For the most affordable housing, Agosta offers the lowest price at just 695 euros per square meter.

Milan's Growth Slows to 0.2%

In the initial quarter of 2026, Milan's real estate market maintained its upward trajectory, albeit at a reduced pace. Prices inched up by only 0.2% over three months, reaching €5,192 per square meter.

Despite the quarterly slowdown, annual metrics remain optimistic. Comparing the first quarter of 2025, there was a 4.1% increase in prices. However, a marginal decline of 0.1% was observed by month-end.

Milan's District Observations

Out of the 18 districts surveyed, 14 noted an uptick in housing prices. The most significant surge occurred in the Baggio district, with a 5.5% increase, followed by Corvetto-Rogoredo (+3.1%) and Lorenteggio-Bande Nere (+2.9%).

Price increments exceeding 1% were also seen in Porta Vittoria (+1.4%) and Garibaldi-Porta Venezia (+1%) districts. In other regions, growth was more subdued, ranging from 0.9% in the Greco-Turro zone to 0.1% in the historic center.

Conversely, price reductions were noted in Vigentino-Ripamonti (-1.4%), San Siro-Trenno-Figino (-1.3%), as well as Navigli-Bocconi and Certosa, where housing costs dropped by 1.1%.

The historical center of Milan retains its position as the priciest locale in the city, commanding an average price of 11,139 euros per square meter. Following are the districts of Garibaldi-Porta Venezia (€7,385), Fiera De Angeli (€7,257), Navigli-Bocconi (€6,916), and Porta Vittoria (€6,399).

The remaining districts fall below the city average, ranging from €4,957 per square meter in Città Studi-Lambrate to €3,097 in Vialba-Gallaratese, offering more affordable housing options.

Milan Province Overview

The metropolitan area of Milan continues to exhibit robust growth. In the first quarter of 2026, there was a 1.1% uptick in prices, with the average cost per square meter reaching around €3,751. Annually, there was an 8.3% growth rate.

Majority of municipalities displayed positive trends, with price hikes seen in 72% of the 97 studied localities. Notable performances were recorded in Cerro Maggiore (+7.6%), Melegnano (+6.9%), and Turbigo (+6.4%).

Substantial growth was also seen in San Vittore Olona (+6.3%), Gaggiano (+5.7%), Inveruno (+5.6%), Villa Cortese (+5.5%), Cesano Boscone (+5.4%), Motta Visconti (+5.1%), Lainate (+5.1%), and Casorezzo (+5%).

Conversely, notable price declines were observed in Carpiano (-8.9%), San Giorgio su Legnano (-8.1%), and Magnago (-5.5%).

Assago leads as the most expensive municipality in the province, with an average cost of €3,965 per square meter. Following are Segrate (€3,596) and Cernusco sul Naviglio (€3,385). For the most budget-friendly options, Turbigo offers housing at €1,190 per square meter, followed by Buscate (€1,193) and Robecchetto con Induno (€1,308).