Italy: Moderate rental yields from 3% to 6%
Residential Valuation Specialist | February 18, 2022
Last Updated: Feb. 18, 2022 | ||||||||
ROME - Monti | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | |||||
TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | |||||
40 sq. m. | 220,240 | 920 | 5.01% | 5,506 | 23.0 | |||
80 sq. m. | 401,600 | 1,826 | 5.46% | 5,020 | 23 | |||
120 sq. m. | 673,320 | 2,021 | 3.60% | 5,611 | 16.8 | |||
ROME - Trastevere | ||||||||
40 sq. m. | 264,760 | 973 | 4.41% | 6,619 | 24.3 | |||
80 sq. m. | 486,800 | 1,346 | 3.32% | 6,085 | 17 | |||
120 sq. m. | 652,800 | 2,375 | 4.37% | 5,440 | 19.8 | |||
ROME - Testaccio | ||||||||
40 sq. m. | 208,840 | 814 | 4.67% | 5,221 | 20.3 | |||
80 sq. m. | 329,360 | 1,418 | 5.17% | 4,117 | 18 | |||
ROME - Parioli | ||||||||
40 sq. m. | 216,200 | 738 | 4.09% | 5,405 | 18.4 | |||
80 sq. m. | 364,080 | 1,240 | 4.09% | 4,551 | 16 | |||
120 sq. m. | 578,640 | 1,876 | 3.89% | 4,822 | 15.6 | |||
ROME - Pigneto | ||||||||
40 sq. m. | 114,920 | 549 | 5.73% | 2,873 | 13.7 | |||
80 sq. m. | 199,120 | 865 | 5.21% | 2,489 | 11 | |||
ROME - Prati-Borgo | ||||||||
40 sq. m. | 252,280 | 1,162 | 5.53% | 6,307 | 29.0 | |||
80 sq. m. | 446,560 | 1,463 | 3.93% | 5,582 | 18 | |||
120 sq. m. | 688,440 | 2,251 | 3.92% | 5,737 | 18.8 | |||
ROME - Ostiense | ||||||||
40 sq. m. | 164,480 | 738 | 5.38% | 4,112 | 18.5 | |||
80 sq. m. | 283,520 | 1,162 | 4.92% | 3,544 | 15 | |||
120 sq. m. | 420,720 | 2,800 | 7.99% | 3,506 | 23.3 | |||
ROME - Tiburtino- San Lorenzo | ||||||||
40 sq. m. | 156,440 | 712 | 5.46% | 3,911 | 17.8 | |||
80 sq. m. | 282,080 | 948 | 4.03% | 3,526 | 12 | |||
ROME - Centro | ||||||||
40 sq. m. | 242,960 | 1,036 | 5.11% | 6,074 | 25.9 | |||
80 sq. m. | 426,720 | 1,786 | 5.02% | 5,334 | 22 | |||
120 sq. m. | 646,680 | 2,454 | 4.55% | 5,389 | 20.5 | |||
ROME - Aventino | ||||||||
40 sq. m. | 206,360 | 911 | 5.30% | 5,159 | 22.8 | |||
80 sq. m. | 534,800 | 1,205 | 2.70% | 6,685 | 15 | |||
120 sq. m. | 765,360 | 2,906 | 4.56% | 6,378 | 24.2 | |||
ROME - Monteverde Vecchio (Suburb) | ||||||||
40 sq. m. | 180,320 | 706 | 4.70% | 4,508 | 17.7 | |||
80 sq. m. | 303,520 | 1,166 | 4.61% | 3,794 | 15 | |||
120 sq. m. | 491,880 | 1,470 | 3.59% | 4,099 | 12.3 | |||
ROME - Balduina (Suburb) | ||||||||
40 sq. m. | 152,560 | 583 | 4.59% | 3,814 | 14.6 | |||
80 sq. m. | 283,120 | 1,052 | 4.46% | 3,539 | 13 | |||
120 sq. m. | 447,240 | 1,588 | 4.26% | 3,727 | 13.2 | |||
MILAN - Duomo-Castello | ||||||||
40 sq. m. | 392,840 | 1,707 | 5.21% | 9,821 | 42.7 | |||
80 sq. m. | 778,160 | 2,598 | 4.01% | 9,727 | 32 | |||
120 sq. m. | 1,183,200 | 2,953 | 3.00% | 9,860 | 24.6 | |||
MILAN - Brera-Montenapoleone | ||||||||
40 sq. m. | 551,800 | 1,455 | 3.16% | 13,795 | 36.4 | |||
80 sq. m. | 900,240 | 2,616 | 3.49% | 11,253 | 33 | |||
120 sq. m. | 1,436,760 | 3,769 | 3.15% | 11,973 | 31.4 | |||
MILAN - Navigli-Porta Genova | ||||||||
40 sq. m. | 235,240 | 920 | 4.69% | 5,881 | 23.0 | |||
80 sq. m. | 446,880 | 1,478 | 3.97% | 5,586 | 18 | |||
120 sq. m. | 679,680 | 2,611 | 4.61% | 5,664 | 21.8 | |||
MILAN - Centro Storico | ||||||||
40 sq. m. | 388,920 | 1,451 | 4.48% | 9,723 | 36.3 | |||
80 sq. m. | 754,320 | 2,518 | 4.01% | 9,429 | 31 | |||
120 sq. m. | 1,081,800 | 3,618 | 4.01% | 9,015 | 30.2 | |||
MILAN - Città Studi - Lambrate | ||||||||
40 sq. m. | 138,600 | 753 | 6.52% | 3,465 | 18.8 | |||
80 sq. m. | 318,240 | 1,421 | 5.36% | 3,978 | 18 | |||
120 sq. m. | 408,120 | 2,000 | 5.88% | 3,401 | 16.7 | |||
MILAN - Garibaldi-Porta Venezia | ||||||||
40 sq. m. | 267,920 | 1,083 | 4.85% | 6,698 | 27.1 | |||
80 sq. m. | 522,560 | 1,976 | 4.54% | 6,532 | 25 | |||
120 sq. m. | 820,680 | 2,952 | 4.32% | 6,839 | 24.6 | |||
VENICE - San Marco | ||||||||
40 sq. m. | 235,720 | 707 | 3.60% | 5,893 | 17.7 | |||
80 sq. m. | 458,960 | 1,316 | 3.44% | 5,737 | 16 | |||
120 sq. m. | 787,440 | 2,156 | 3.29% | 6,562 | 18.0 | |||
VENICE - San Polo | ||||||||
40 sq. m. | 202,760 | 780 | 4.61% | 5,069 | 19.5 | |||
80 sq. m. | 382,800 | 1,214 | 3.81% | 4,785 | 15 | |||
120 sq. m. | 563,400 | 1,312 | 2.79% | 4,695 | 10.9 | |||
VENICE - Dorsoduro | ||||||||
40 sq. m. | 199,800 | 752 | 4.52% | 4,995 | 18.8 | |||
80 sq. m. | 433,840 | 1,686 | 4.66% | 5,423 | 21 | |||
VENICE - Cannaregio | ||||||||
40 sq. m. | 196,840 | 642 | 3.91% | 4,921 | 16.0 | |||
80 sq. m. | 377,520 | 1,210 | 3.84% | 4,719 | 15 | |||
120 sq. m. | 528,480 | 1,381 | 3.14% | 4,404 | 11.5 | |||
VENICE - Santa Croce | ||||||||
40 sq. m. | 199,160 | 627 | 3.78% | 4,979 | 15.7 | |||
80 sq. m. | 369,040 | 1,080 | 3.51% | 4,613 | 14 | |||
120 sq. m. | 544,200 | 1,595 | 3.52% | 4,535 | 13.3 | |||
FLORENCE - Duomo - San Marco | ||||||||
40 sq. m. | 204,800 | 723 | 4.24% | 5,120 | 18.1 | |||
80 sq. m. | 373,520 | 1,367 | 4.39% | 4,669 | 17 | |||
120 sq. m. | 593,160 | 2,320 | 4.69% | 4,943 | 19.3 | |||
FLORENCE - Oltrarno - San Frediano - Santo Spirito | ||||||||
40 sq. m. | 209,440 | 802 | 4.60% | 5,236 | 20.1 | |||
80 sq. m. | 375,360 | 1,690 | 5.40% | 4,692 | 21 | |||
120 sq. m. | 543,120 | 2,492 | 5.51% | 4,526 | 20.8 | |||
FLORENCE - Via Bolognese (Suburb) | ||||||||
50 sq.m. | 149,360 | 686 | 5.51% | 3,734 | 17.2 | |||
120 sq.m. | 233,040 | 794 | 4.09% | 2,913 | 10 | |||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: idealista Definitions: Data FAQ See also: Update Schedule |
Gross rental yields i.e., the rental return on a property if fully rented out, before all expenses, are low to moderate in Rome, Milan, Venice, and Florence. Gross rental yields for apartments in Italy are between 3% to 6%.
The purchase price of apartments in Rome is around EUR 3,000 per square metre (sq. m.) to EUR 6,000 per square metre (sq. m.) and these prices are now more obtainable than in Venice. Venice now has a price range between EUR 4000 to EUR 6,500. Florence is now about as costly as Rome.
Milan is a more expensive city to buy an apartment than any other Italian city, with apartment prices in Milan ranging from EUR 3,000 to EUR 13,000 per square metre (sq. m.). Despite Milan´s high purchase prices, it generates good yields. Ostiense (7.9%), Pigneto (5.7%), Prati (5.5%), and San Lorenzo (5.4%) are the best yielding areas in Milan.
Round trip transaction costs are moderate to high in Italy. See our Property transaction costs analysis for Italy.
Italy - More data and information
- How expensive are houses in Italy, compared to the rest of Europe?
- Property prices in Italy. Graph of house price trends in Italy
- How much rent can be earned from Italian property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Italian property?
- Where to by property in Italy
Comments
Sherif | November 21, 2017
Very useful, informative and professional reports. Thank you
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