Average price for properties for sale in Florence, Italy 2024, by area

Selling prices for residential real estate in the city of Florence in Italy show significant differences depending on the area. In fact, in October 2024, residential properties in districts like Michelangelo, Porta Romana, Oltrarno (all located on the other side of the river Arno compared to the historical city center) cost roughly 5,700 euros per square meter. By contrast, areas like Firenze Sud and L’Isolotto, both relatively far from the city center, recorded an average selling price of 3,867 and 3,135 euros per square meter, respectively.

 Residential real estate in Florence compared to other major Italian cities 

 The residential real estate market in Florence seems to be doing well. Selling prices for residential properties increased overall in the last few years, exceeding 4,000 euros per square meter in October 2023. In comparison, Florence's prices are between Rome's and Milan's averages. Residential properties in Rome, for instance, registered an average price of 3,300 euros per square meter.

Office space in Italian cities 

Due to more and more people moving to the cities, especially young graduates looking to start a new career, office space is also very in-demand in major cities around the world. Italy is no exception. This trend led to an increase in the price for office spaces in the north of the country. A few examples? An office in Venice can fetch on average 3,800 euros per square meter. Setting up a workspace in Rome and Milan seems to be cheaper. In the two major Italian cities office space cost on average approximately three thousand euros per square meter.