How much does a house in Florence cost?
Florence is the capital of Tuscany and has a population of nearly 400,000. Its largest metropolitan area covers part of the coastal plain west of the hill.
World-renowned for its artistic, historical and cultural beauty, this important Tuscan city is an excellent option for those looking for an attractive real estate investment as well as for those who wish to purchase a home for themselves and their family.
If you are considering buying property in Florence, you are most likely wondering how much a house in Florence will cost in 2023 .
Read on to learn more-we will give you all the information you need to make an informed real estate choice!
Buying a home in Florence in 2023
Considering Florence’s long history, which dates back to the first century B.C., it is not surprising that this city looks like a giant open-air museum. Although the old Florentine infrastructure somewhat limited the expansion of the city’s tram network, local authorities ensured that this was not a problem by creating an extensive bus network capable of connecting all of Florence.
In any case, it must be said that in this city the use of cars or public transportation is almost optional, as almost everything is within walking distance. Despite not being a large metropolis, Florence is always extremely vibrant: it is as rich in cultural and artistic offerings as it is in international gastronomic options and numerous gardens and green parks in which to relax and spend quality time.
Not to mention, of course, all the wonderful world-class museums that populate it and the top-notch services that make it an extremely livable and functional city.
What is the price of houses in Florence
Residential property sale prices in the city of Florence in Italy show significant differences depending on the area. As of October 2022, in fact, residential properties in neighborhoods such as Michelangelo, Porta Romana e Oltrarno – where the areas of San Niccolò, Santo Spirito and San Frediano are located – could reach about 5,000 euros per square meter, but higher prices are also touched depending on the features (such as terraces or parking lots) of the house or the view.
Prices are also found in areas such as Michelangelo, Bobolino, Poggio Imperiale and Pian Dei Giullari, again depending on the view and characteristics of the property. These areas are very desirable for those who want to live in Florence with children. If you are looking for where to live with children in Florence, read this article.
In the Historic Center, the costs per square meter could exceed 5,000 and go as high as 8, 9 or 10 thousand in areas such as Piazza Signoria, Piazza della Repubblica, Via Tornabuoni, Via Calzaiuoli or Piazza Duomo .
In contrast, peripheral areas in high demand by buyers such as Florence South, The Cure, Champ de Mars, Beccaria, Oberdan Square, Savonarola Square, all of which are relatively “far” from the city center-although in a city like Florence the center remains reachable in less than a dozen minutes-they recorded an average selling price of about 3,000-4,000 euros per square meter.
Even in the Station area, average prices are around 3, 000-3,500 with some exceptions that can reach 4/4,500sqm.
Residential real estate in Florence compared to other major Italian cities
The residential real estate market in Florence seems to be doing well. Residential real estate sales prices have increased overall in recent years, reaching an average of four thousand euros per square meter as of September 2022. In comparison, Florence’s prices are in the middle between the average for Rome and Milan. Residential properties in Rome, for example, recorded an average price of 3,300 euros per square meter in the same month.
Offices in Florence and other Italian cities
With more and more people moving to cities, especially young college graduates looking to start a new career, office space is in high demand, especially in major cities around the world-Italy is no exception, and so neither is Florence.
This trend has led to an increase in the price of office space, in all regions. Any examples? An office in Venice can fetch an average of 3,800 euros per square meter. Creating workspace in Rome and Milan seems to be cheaper, as office space in these two major Italian cities costs on average about three thousand euros per square meter.
In Florence, the average for a commercial property is around 2,500-3,000 euros per square meter, thus falling well within the range set by other metropolises.
How to buy a house in Florence
Now that you have found out how much a house in Florence costs, if you wish to buy one, the first step is to rely on a qualified and competent real estate agency that can guide you in defining your needs and finding the property that best suits your needs.
Idee & Immobili, a real estate agency that has been active for more than 20 years in the Tuscan territory, is also thoroughly familiar with the Florence area. Visit our portal to discover the properties and get in touch with us now to schedule an appointment!
