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Florence real estate market — prices, rental yield and trend

  • Average price: $5,380 / m²
  • Gross rental yield: 5.42%
  • 12-month price change (USD): -2.15%
  • Net rental yield: 4.28%
  • Transaction cost: 14%
  • Price basis: local-market average

Residential property in Florence averages $5,380 per square metre. In dollar terms the market has barely moved over the last twelve months (-2.1%). That makes it the 31st most expensive of the 131 markets in the set.

What a buyer pays in Florence

The $5,380 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 14% of the price here. On a 100 m² apartment at the average price that is roughly $75,320 on top of the $538,000 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Against the Italy national average of $2,354, Florence carries a 128.5% premium — the gap between this market and the country as a whole. Among the other Italy markets we track, Rome at $4,270 is 26% cheaper, and Milan at $6,343 is 15.2% dearer.

What it earns

A square metre lets for about $24.3 a month. Against a purchase price of $5,380 per square metre that is 5.4% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 72nd of 151 markets by gross yield. Rental income is taxed at 21%, which takes the yield down to 4.3% net. The 1.1-point difference between the gross and net figure is the part most listing sites leave out.

How the tax works. Flat 21% under the cedolare secca (Legislative Decree 23/2011 art. 3), a substitute tax on the full rent that replaces IRPEF, the regional and municipal surcharges, registration duty and stamp duty. The law sets no residence condition, so non-residents can opt in, and it beats the ordinary IRPEF outcome (about 22–23%) at every typical rent level. The 2026 changes affect short-term lets only. Source: fiscoetasse.com.

Where the price sits against its own history

Prices are +18.7% over five years and +45.3% over ten in local terms.

Florence house price index, 2016–2026 (2016 = 100)

YearIndex
2016100
2017100.6
2018106.5
2019114.2
2020115.6
2021114.5
2022115.9
2023119
2024124
2025133.9
2026138.5

Rebased to 100 in 2016, the index stands at 138.5 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.

Who can buy in Florence

Freehold; reciprocity required for non-EU buyers. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Florence is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Florence be compared with a country average or another city.

Sources: idealista.it sale · idealista.it · api.frankfurter.dev (2026-10-15). Snapshot: 2026-10-15.

Latest Florence market analysis

Related markets: Lucca (Versilia) · Verona (Lake Garda) · Rome · Como · Brescia (Lake Garda) · Venezia (province)

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