Rates in some capitals start at just €4.3 per “square” per month.
New data from Idealista for October shows almost stable rental prices in October (-0.1%) compared to the previous month – €11.4 per square meter. Residential rental prices rose by 5% over the year, returning to positive results in all the dynamic markets most affected by the pandemic, such as Milan, Bologna and Florence.
Capitals
More than half of the capitals surveyed – 47 of 91 – are showing positive changes.
From September to October, rates declined most in Massa (-10.2%), Prato (-6.8%) and Vibo Valentia (-6.2%). And the most notable increases were in Ragusa (12%), Cagliari (10.7%) and Agrigento (10.4%).
Among the major capitals in the monthly increase in rates leads Florence (2.9%), followed by Venice (2.6%) and Milan (2.3%).
Milan remains the most expensive city for tenants with an average rent of €19 per square meter per month. Next come Florence (€15), Venice (€14.5), Bologna (€14) and Rome (€13.3). The cheapest capitals for renting accommodation – Vibo Valentia (€4.3) and Caltanissetta (€4.4).
By the way, experts have recently told how the prices of housing in major Italian cities have changed.
Provinces
The provinces of Massa Carrara (-28.6%), Latina (-18.7%), Grosseto (-15.3%), Oristano (-13.6%) and Rimini (13.4%) saw the largest monthly drop in rents.
Prices rose the most in Ragusa (5.5%), Caltanissetta (5.5%) and Isernia (5%).
Grosseto (€ 20.6 per square meter per month) is the most expensive province for rent. It is followed by Ravenna (€19.3) and Milan (€18.2). On the opposite side are Caltanissetta (€4.8) and Isernia (€5).
Regions
Between September and October, rents fell the most in Basilicata (-5.9%), Calabria (-3.6%) and Marche (-2.8%).
Friuli-Venezia Giulia (6.2%), Umbria (2.8%), Valle d’Aosta (1.9%) and Lombardy (1.6%) are leaders in price increases.
Among the regions of the most expensive rent of housing – in Lombardy (€ 15.7 per square meter per month). Next comes Valle d’Aosta (€13), Tuscany (€12.7), Lazio (€12.4) and Trentino-Alto Adige (€11.5). The cheapest place to rent in Molise – only €5.5 per square meter per month.
