As more individuals choose to rent as a housing option, demand has increased by 220%, but supply has remained consistent and fails to meet the ongoing and growing need. Rents are steadily rising, rental demand is increasing (+220%), and supply, which has been relatively consistent, is no longer sufficient to meet rising demand. SoloAffitti, the first Italian organization of consultancy, management, and protection of real estate income, captured this image after collecting data on over 3,600 leasing contracts. According to the most recent released research, rentals climbed by 16.1% in 2023 compared to the previous year, with the average rental price standing at €718 per month. Palermo (+38%) leads the increase, followed by Catanzaro (+25%), Milan (+11%), Cagliari (+9%), and Florence (+7%). Trento, Genoa, and Ancona, on the other hand, reported a negative sign. Even for university students, who account for more than a quarter of the sample analyzed, the situation does not appear to be improving: the average cost of a single room has remained unchanged since 2022, despite the fact that cities such as Milan and Florence have seen average prices rise by 80 and 50 euros, respectively. There is also a modest increase in double rooms, which cost an additional 20 euros, while triple rooms cost an additional 50 euros on average. According to the SoloAffitti dossier, the average rent in Milan in 2023 is 1,331 euros, while it is 669 euros in Palermo, 547 euros in Catanzaro, 661 euros in Cagliari, and 835 euros in Florence. Rome's monthly rent of €885 has increased by merely 1%. This is because in the capital, the territorial agreement on agreed rents, which has been in place for some time, has had the virtuous effect of lowering rents.
|