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The Italian mortgage market has grown substantially since 2010, with the value of mortgages outstanding reaching around billion euros in the first quarter of 2026. In the period between 2020 and 2022, growth was stronger, fueled by low-interest rates. As the lending environment tightened, the market plateaued. 

Mortgage interest rates in Italy

The mortgage interest rates in Italy decreased significantly, falling to record lows, before rising dramatically in 2022. The period of decline in mortgage interest rates probably helped revive the residential real estate market in the country, which suffered after the financial crisis of 2008. In fact, the number of transactions in the sector has increased steadily since 2013.

A regional overview

In some areas of the country, the residential real estate market appears to be more dynamic than in others. In fact, in 2024, the North-West of Italy accounted for more than one third of all transactions in the sector. When looking closely at the single regions, Lombardy was the most active, with more than ** transactions registered. The second most prolific market was found in the region of Lazio, which recorded approximately *Ìý³Ù°ù²¹²Ô²õ²¹³¦³Ù¾±´Ç²Ô²õ.