Banca d'Italia launches Q4 2025 Italian Housing Market Survey
The Banca d'Italia, Tecnoborsa, and the Osservatorio del Mercato Immobiliare have launched their quarterly survey for real-estate agents on the Italian housing market. The questionnaire gathers information on residential sales, prices, and rental trends for Q4 2025.
Collaborative effort for market insights
The Italian Housing Market Survey is a quarterly initiative conducted by Gruppo Questlab on behalf of the Banca d'Italia, Tecnoborsa, and the Osservatorio del Mercato Immobiliare of the Italian Revenue Agency.
Its primary objective is to collect comprehensive information on the residential housing market across Italy.
The survey targets real-estate agents and individual property consultants who can provide insights into their office's overall activity.
This collaborative approach ensures a broad and detailed data collection, covering various aspects of the market from sales trends to rental dynamics.
The questionnaire is structured to gather both qualitative opinions and, in some instances, numerical estimates, providing a nuanced view of market conditions.
This systematic data collection is crucial for understanding the evolving landscape of Italy's housing sector, supporting informed analysis and policy considerations by the collaborating institutions.
The survey focuses on the quarter October-December 2025, with an outlook extending into early 2026.
Navigating sales, prices, and rental trends
The questionnaire is meticulously divided into four distinct sections to capture a holistic view of the market.
Section A delves into the trend in residential housing sales, asking agents about the number of homes sold, types of properties (new builds vs. existing), and the number of potential purchasers.
Section B focuses on prices, inquiring about average selling prices, percentage changes compared to previous periods, and the relationship between asking and selling prices.
Section C addresses the short-term outlook, probing agents' expectations for price changes and market performance in the upcoming quarters.
Finally, Section D is dedicated to the rental market, covering the number of properties let, rental prices, and the types of lease agreements.
Agents are instructed to refer to the October-December 2025 quarter for most answers, ensuring consistency and comparability of data across respondents.
The survey also includes general instructions on how to provide percentage changes and to focus solely on housing units, excluding other property types like garages or storage spaces.
A vital pulse check for Italian housing
This detailed survey is indispensable for gauging the real-time health of the Italian housing market, offering granular insights often missed by broader economic indicators.
While its reliance on agent opinions introduces a degree of subjectivity, the structured approach ensures valuable qualitative data.
The comprehensive scope, from sales to rentals and future outlooks, makes it a critical tool for policymakers and analysts to anticipate market shifts and potential vulnerabilities.