Istat: housing prices +4% in the second quarter of 2026, stable volumes

In the second quarter of 2026, house prices grew by 4% on an annual basis, slightly decelerating compared to the previous quarter (+5.1%). This is what Istat finds.

Among the cities, Turin is experiencing strong acceleration, where the increase on an annual basis is 8.5% (after 3.8% in the previous quarter). Followed by Rome, with a trend increase of 6.4% (from 5.5% in the first quarter) and Milan, which recorded growth of +2.4% (a sharp slowdown from +7.1% in the previous quarter).

"The trend growth in house prices is more marked in the Center (+5.1%) and in the North-East (+4.2%) and more contained, although remaining at positive values, in the other areas. These trends occur in a context of substantial stability in sales volumes, after approximately two years of expansion of the residential market", we read in the comment.

More specifically, the price index of homes (IPAB), purchased by families for housing or investment purposes, increased by 1.7% compared to the previous quarter and by 4% compared to the same period in 2025.

In particular, in the second quarter, both the prices of new homes (+5%) and those of existing homes (+3.7%) increased on a trend basis. The dynamics of both components, however, show a slowdown compared to the previous quarter (from +6.7% and +4.6% respectively).

Even on a cyclical basis, the increase in IPAB (+1.7%) is affected by the growth in prices of both new homes (+2.7%) and existing ones (+1.5%). The average change for 2026 in the IPAB index acquired in the second quarter of the year is equal to +3.8% (+3.8% for new homes and +3.6% for existing ones).