Manya Rathore
Research expert covering India
Real estate in Italy - statistics & facts
The real estate market is commonly divided into residential and commercial (offices, retail space, warehouses industrial properties. In Italy, the residential sector is the largest in the real estate market, accounting for more than 50 percent of total transactions in 2020. With a homeownership rate of over 72 percent, Italy is one of the countries in Western Europe with the highest homeownership rate. In 2020, the country was severely hit by the coronavirus (COVID-19) pandemic, leading to a strict nationwide lockdown. The crisis has also affected the real estate sector, with activity on the housing and commercial real estate market plummeting.
