5 Countries where Housing Prices are Declining or Flat

2. Italy

1 Year % Change in Real House Prices: 5.12%

3 Year % Change in Real House Prices: 18.53%

Affordability Index: 88.68

Average Score: 3.9

In 2023, Italy experienced a fluctuation in housing prices across different cities. Currently, the average price of a house in the country is $380,000 for a 2,000-square-foot home. While prices in the Southern areas of Italy have decreased by 5.6% in 2023, they have gone up in Aosta Valley, Trentino, and Liguria. In many cities in Southern Italy, such as Molise, 2,000 square feet of residential property is priced at around $178,000.