Market report · September 2026Rising
RomeItaly

Rome residential real estate market report for September 2026. Nationally, house prices in Italy were moving higher, up 5.2% from a year earlier in Q1 2026 (+1.0% quarter on quarter). Annual growth is accelerating compared with the previous quarter. The European Central Bank’s policy rate stood at 2.25% in August 2026, up from 2.00% a year earlier.

September 2026 at a Glance

House prices · Italy
+5.2% YoY
+1.0% QoQ · Q1 2026
Momentum
Accelerating
+5.2% now vs +4.0% a quarter earlier
Policy rate
2.25%
Rising over 12 months · August 2026
New mortgage rate
3.49%
3.19% a year earlier · July 2026

House Prices and Trends

No free, official monthly price series is published for Rome specifically, so this section uses the national index for Italy as the reference; local asking-price movements typically follow the national direction with a lag of one to two quarters.

The national house price index for Italy rose 5.2% year on year in Q1 2026 and was +1.0% against the previous quarter, according to Eurostat, House price index (prc_hpi_q). A year earlier the annual rate was +4.4%, so growth has picked up over twelve months. The quarter-on-quarter reading confirms the acceleration rather than a base effect.

Quarter Prices YoY Prices QoQ
Q4 2024 +4.5% +0.6%
Q1 2025 +4.4% -0.2%
Q2 2025 +3.9% +2.8%
Q3 2025 +3.7% +0.5%
Q4 2025 +4.0% +0.9%
Q1 2026 +5.2% +1.0%

House price index, % change year on yearQ2 2024+2.9%Q3 2024+3.7%Q4 2024+4.5%Q1 2025+4.4%Q2 2025+3.9%Q3 2025+3.7%Q4 2025+4.0%Q1 2026+5.2%

Financing and Interest Rates

The European Central Bank’s policy rate was 2.25% in August 2026 (BIS, Central bank policy rates). Rates are 0.25 points higher than a year ago, which raises the cost of borrowing and tends to cool price growth with a lag of two to four quarters. The average rate on new mortgages to households in Italy was 3.49% in July 2026 (ECB, Bank interest rates — loans to households for house purchase (MIR)), compared with 3.19% a year earlier.

Rome in the News

Reading the Trend

Rising

Steady, mid-single-digit price growth points to a healthy but not overheated market in Rome. Well-priced property is moving; overpriced stock is not.

What to watch next month

  • The next quarterly release of the house price index for Italy (Q1 2026 is the latest) — whether annual growth keeps accelerating.
  • Upcoming decisions by the European Central Bank — any move from 2.25% feeds through to mortgage pricing within weeks.

What This Means for Buyers, Sellers and Investors

Buyers

The market is moving but not running away; there is time for due diligence, and properties that have sat unsold for months are where discounts appear.

Sellers

Well-presented property at a realistic price attracts multiple viewings; unrealistic asking prices are being ignored.

Investors

Rising financing costs narrow the gap between yield and mortgage rate; model returns at today's rate plus one point.

Sources

Methodology: all figures are taken directly from the free public statistical sources linked above, for the periods stated; official statistics are published with a lag, so the latest available release is used. Commentary is generated from those figures by rule and reviewed before publication. Nothing here is financial advice.

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