Between 2022 and 2023, house rental prices increased by an average of 6.1% but it was above all rental prices in the 14 metropolitan cities that were the driving force with an average +10.2%. The city that recorded the most significant increase was Milan with +19.2%, followed by Trieste with +16.4% and Naples with +15.8%. In Rome, house rental prices increased by 7.9% in the two-year period. Florence is the only large city to record a decline (-1.5%). This was reported by Cresme, which processed the Omi-Revenue Agency half-yearly data. In the second half of 2023, housing rental prices in Italy grew by 3.8% compared to the same period in 2022, while in the first half of the year the trend increase was +2.9%.
Cresme reports a transition from negative rates of change between 2015 and 2019 to moderate increases alternating with slight declines between 2019 and 2021, up to the more decisive increases in 2022 and 2023.
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