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In the real estate market in Milan, it takes an average of 13.2 years of salary to buy a house. Prices over 5 thousand euros per square meter

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Reports from the research department of the Tecnocasa group and Immobiliare.it Insights. Rome requires 9.2 annual salaries, Florence 9.1. The least expensive cities are Palermo and Genoa: 3.6 and 3.3 years are enough, respectively.

Those who live in big cities should be able to save on average six to nine years salary in order to buy a house. Comparison of figures is a report of the Research Department of the Group. Teknokasawhich analyzed data for the first half of 2022. The most expensive city Milanwhere the purchase of real estate requires 13.2 annual salaries. Already in 2019, in the Lombard capital, it took eleven years of salary to buy real estate, and in recent years this trend has taken hold. The Lombard capital remains at the top of the ranking of the most expensive cities. To Rome on the other hand, it takes 9.2 years of salary, Florence 9.1. The cheapest cities Palermo And Genoawith 3.6 and 3.3, respectively.

Second Immobiliare.it, a business unit of Immobiliare.it specialized in market analysis, the price per square meter of homes for sale reached an average of 2,074 euros in December, up 2% nationally compared to 2021. The city in which sales prices rose the most was Trieste, with an increase of almost 9% to around 2,000 euros per square meter. Cagliari also rose +6.4% year on year and Trento +5.8%. Milan remains the most expensive city with a price per square meter, which exceeds 5100 euros in the last quarter, +4.9% compared to 2021. Rome stalls at +1.5% and Naples is relatively stable (+0.7%). However, solid growth for Bologna (+4.5%). In terms of rentals, a significant increase in prices was also confirmed on a national scale (+4.8%) year-on-year.

Going back, according to Tecnocasa, the years when buying a house required the most annuities were 2006 and 2007, when the rate of price increases peaked. At the time, the most expensive city with the most years of work required to pay for a house was Rome with annual payments of 14.8, followed by Milan at 14 and Florence at 12.5. Since 2008, together with real estate crisishome purchase annuities decreased over time until 2017, when property values ​​began to recover. In 2019, Milan climbed to the top of the rankings, becoming the most expensive city where an 11-year salary is required to buy a house. Genoa is conspicuous, reaching the minimum number of years to buy a house (3.3) in 2020 due to the continued strong loss of value over time. In 2007, 7.7 rents were required in Genoa.

Source: II Fatto Quotidiano

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