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At the end of 2024, Italian families' net wealth, defined as the total of non-financial assets and financial assets net of liabilities, was €11,732 billion, with a per capita value of €199,000. Compared to 2023, net wealth climbed by 2.8% at current prices, reaching its greatest level since 2005; nevertheless, when assessed at constant prices, it remains more than 5% lower than in 2021 due to substantial inflation in 2022. In comparison to 2023, net wealth maintained a consistent ratio to gross disposable income (8.2), which was among the lowest values in the 2005-2024 period. This is according to wealth estimates produced by Istat and the Bank of Italy. Non-financial assets (€6,761 billion) grew 1.9% at current prices (+€124 billion), led by housing, which jumped to €5,662 billion. After three years of steady growth, the value of housing in 2024 was slightly lower than the record attained in 2011 (€5,701 billion) and had recovered from a drop of more than 7 percentage points between 2012 and 2018. The value of non-residential real estate climbed by 1.2%, following the pattern of the previous three years. Financial assets (€6,013 billion) rose by €206 billion (+3.6%), with rises in mutual fund shares (+92 billion), debt securities (+60 billion), and insurance reserves (+45 billion).
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