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The number of housing units authorized for construction in Italy has remained relatively stable between 2014 and 2025. However, Italy's residential construction sector experienced a significant decline in the decade after 2005. In the second quarter of that year, over * homes were authorized by permits. In contrast, by the third quarter of 2025, only * housing units were authorized. This decline was also reflected in the useful floor area of authorized housing projects, which fell from over ** million square meters in 2005 to less than five million square meters in 2024.

Italy had the third largest construction industry

In 2023, Italy was among the top three European countries in terms of construction turnover, after Germany and France. At *** percent, the contribution of the construction industry to Italy's GDP in 2024 was lower than that of other European countries like Poland, Sweden, and the United Kingdom. However, it still made up a higher share of its economy than in Germany and France, placing it close to the average for Europe.

Construction costs in Italy decrease

Italy was one of the few countries in Europe that saw the cost of building new residential buildings fall in 2024, reaching a rate of percent. Meanwhile, the housing construction costs in the EU grew on average by *** percent. That has followed several years of high construction costs in Italy, having reached rates of *** percent in 2022.