Florence, Italy
Property prices · 2024 · Europe
Property price trend in Florence (2024–2026)
Property comparison — cities in Italy (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Florence |
|---|---|---|---|---|
| Florence | EUR 5,500 | EUR 3,500 | EUR 1,300 | — |
| Milan | EUR 7,200 | EUR 4,500 | EUR 1,500 | +30.9% |
| Rome | EUR 6,000 | EUR 3,800 | EUR 1,400 | +9.1% |
| Bologna | EUR 4,800 | EUR 3,100 | EUR 1,150 | -12.7% |
| Turin | EUR 4,000 | EUR 2,600 | EUR 1,050 | -27.3% |
| Naples | EUR 3,200 | EUR 2,100 | EUR 900 | -41.8% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Florence in 2024?
In Florence, the average price per sqm in the city centre is EUR 5,500, and EUR 3,500 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Florence in 2024?
A 1-bedroom apartment in Florence rents for approximately EUR 1,300 per month in 2024. A 3-bedroom apartment costs around EUR 2,100/month.
Is it better to buy or rent in Florence?
Renting is generally more cost-effective in Florence. The price-to-rent ratio is 21.0x — it would take approximately 21.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.70%.
What are mortgage rates in Italy in 2024?
The average mortgage rate in Italy is approximately 3.70% as of 2024. With a price-to-rent ratio of 21.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Florence?
The average property price per square metre in Florence city centre is EUR 5,500 in 2024. Outside the centre, expect to pay around EUR 3,500/sqm.