Rents in the rental market increased by 3.5% in the past year, reaching an average of 11.4 euros per square meter per month. These are the findings of the most recent research completed by IDEALISTA, Italy's premier real estate platform for technology growth. According to the study, both the quarterly variation for the last three months of the year (-5%) and the monthly variation for the month of December (-0.5%) are negative. "In 2022, the disparity between supply and demand in the residential rental industry has worsened," says Vincenzo De Tommaso, director of IDEALISTA’s Research Office. "Prices have skyrocketed due to a lack of accessible housing stock and inflation, with double-digit rises in several key areas like as Milan, Bologna, Florence, Genoa, and Turin". According to De Tommaso, "severe pricing pressures" come from fewer dwellings and more clients. A tendency that, if confirmed, "may freeze rental prices in certain locations in 2023, a year that promises to be challenging for renting, partly attributable to the increasingly high mortgage rates that drive many young people to pause with the purchase of a home choosing for rent".
|