A house pays over years, not months.
We do the sum out loud: gross, with the source, then everything that comes off.
The second half of the sentence.
The return on a house has three parts: the rent you collect, the price you sell at, and the tax on both. Here are Italy’s numbers. On every property we redo the sum with a real rent or a comparable listing, and we write the net figure only once we know the cost of the renovation.
- The gross yield of the property, worked out on a real rent or on a comparable listing with its source.
- What comes off: IMU, the flat-rate tax, building charges, maintenance, the empty months. The net figure only once we know the cost of the renovation.
- The rules for selling on: after how many years, with which taxes, and what the town’s regulation says if you are counting on short lets.
With the source and the date.
- House prices, Italy, 2015 to 2025
Euro area +53.5%, Spain +80.6%. In 2019 Italian prices were still below 2015: all the growth is in the last five years.
Source: Eurostat, House price index, annual average, 2015 = 100, 2025+16.2
% - Homes sold in Italy in 2025
+6.4% on 2024, worth about €124 billion. A market where homes do get resold: that is your exit, and it counts as much as the entry.
Source: Agenzia delle Entrate, OMI, Rapporto immobiliare 2026, settore residenziale, 2025766,757 - Total annual rent on new leases, Italy, 2025 vs 2024
Over a million homes let in the year, +1.5%. Rents are rising faster than the number of homes let.
Source: Agenzia delle Entrate, OMI, Rapporto immobiliare 2026, settore residenziale, 2025+5.4
% - Flat-rate tax on rent, for a private landlord
A substitute tax in place of IRPEF and its surcharges; no registration or stamp duty on the lease. 10% on agreed-rent contracts. Short lets follow the rules on the tourism page.
Source: Agenzia delle Entrate, Cedolare secca, 202621
% - Years after which selling a home produces no taxable gain
Within five years the gain is taxable income, with the option of a 26% tax applied by the notary. After that, for a private individual, the sale is not taxed. Ten years if the house had Superbonus works (Agenzia delle Entrate, risoluzione 62/2025). Check your case with a tax adviser.
Source: Agenzia delle Entrate, Risposta n. 157/2026, art. 67 TUIR, 20265
from purchase
Let’s redo the numbers.
One call, by phone or video, in your time zone. We take the numbers on this page and apply them to your case.
- What this means for the area you are looking at, not the national average.
- What you have to spend, and what it buys where you live today.
- What we can verify for you before you travel.
If Italy is not the right answer for you, we say so on that call.
If you would rather write: hello@dosahomes.com
It is an Italian number: from abroad, dial it with +39. No newsletter, no email sequence. One call, the numbers, then you decide.
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Straight answers.
How much does a rented home yield in Italy?
It depends on the property, and a national average is no use to you: it changes with the town, the condition of the house and the type of lease. On every property that makes sense for an investor we write the gross yield, worked out in the open, and we say when the net figure cannot be calculated yet. Where renting does not make sense, we say that too.
Do I pay tax when I sell?
If you sell within five years of buying, the gain is taxable income, and you can ask the notary to apply a 26% substitute tax instead. After five years, for a private individual, there is no tax on the gain. Homes with Superbonus works are the exception: there the period is ten years. This is our reading of the Agenzia delle Entrate pages; your case is for a tax adviser.