The rental sector rebounded by 2.3% in May, to 11.3 euros / m², according to the price index compiled by the Idealista Research Department. The large accumulation of stocks, due to the drop in demand that characterized 2020, is being reabsorbed with the gradual resumption of activities and the advancement of the vaccination campaign. And the return of demand is likely to increase as we approach the summer months with a positive stabilizing effect on prices.
With the exception of Molise (-3.5%) and Trentino-Alto Adige, where prices have not changed, all the Italian regions close the month with generalized increases, the largest of which in Friuli-Venezia Giulia (10.2 %) and in the Aosta Valley (9.5%). Followed by Puglia (2.9%), Basilicata (2.8%), Marche (2.5%), Tuscany and Sardinia (both 2.4%) all with increases above the average of the month of May. The increases in the remaining 11 regions range from 2.2 percentage points in Calabria and Lazio to 0.5% in Sicily.
Lombardy (14.9 euros / m²) is confirmed as the most expensive macro-area for rents, followed by Tuscany (12.9 euros / m²) and Lazio (12.8 euros / m²). Values above the national average also for Valle d’Aosta (12.4 euro / m²) and Trentino-Alto Adige (11.7 euro / m²). Molise is the cheapest region with 5.4 euros per square meter in front of Calabria which stops at 5.9 euros per month on average.
Positive trend spread in 75 out of a total of 106 provincial areas monitored, including Macerata (9.8%), Nuoro (9.6%) and Aosta (9.5%) recorded the best performances. Of the 29 provinces affected by the drop in prices, Crotone (-3.2%), Rieti (-3.3%) and Campobasso (-4.6%) are those with the highest level of discount. In terms of price, Grosseto (22 euros / m²) leads the provincial ranking of leases, followed by Rimini (17.7 euros / m²) and Lucca with a monthly rent of 17.4 euros. On the opposite side of the ranking, the cheapest are confirmed Caltanissetta and Enna with 4.6 euros per square meter, ahead of Avellino (4.8 euros / m²) and Benevento (4.9 euros / m2).
At the city level, a total of 57 cities saw rental prices rise, 8 remained stable, and 34 had declining rates last month. The most volatile markets are the smaller and generally cheaper ones. The greatest rebounds are recorded in the municipalities of Barletta (17.1%), Foggia (8.5%) and Massa (7.8%). On the other hand, the markets of Trani (-5.1%), Fermo (-6.4%) and Cesena (-7%) recorded the biggest drops. Zooming in on large markets – over 60% of the housing supply is concentrated in the top 10 Italian centers – there is a clear upward trend led by Rome (1.1%), Milan (0.9%), Florence and Venice ( both 0.8%). Turin (0.2%) marks a weak recovery, Naples and Genoa flat, Palermo (-0.7%) and Bologna (-0.9%) down. The Milanese market is always the most expensive for those who rent, with its € 17.8 per month. It is followed by Florence (14.7 euros / m²), Venice (14 euros / m²) and Bolzano (13.8 euros / m²).