Property Prices Comparison Between Italy and Spain

For major cities in those countries you get more relevant data by specifying cities.

City in Italy:
City in Spain:

Index	Italy	Spain
Price to Income Ratio:	10.23	7.60
Mortgage as Percentage of Income:	79.62%	52.75%
Loan Affordability Index:	1.26	1.90
Price to Rent Ratio - City Centre:	24.24	17.01
Price to Rent Ratio - Outside of Centre:	20.48	14.35
Gross Rental Yield (City Centre):	4.12%	5.88%
Gross Rental Yield (Outside of Centre):	4.88%	6.97%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Italy Edit	Spain Edit	Difference
Apartment (1 bedroom) in City Centre	759.99 €	935.86 €	+23.1 %
Apartment (1 bedroom) Outside of Centre	568.77 €	698.00 €	+22.7 %
Apartment (3 bedrooms) in City Centre	1,358.06 €	1,509.65 €	+11.2 %
Apartment (3 bedrooms) Outside of Centre	955.48 €	1,051.92 €	+10.1 %
Buy Apartment Price	Italy Edit	Spain Edit
Price per Square Feet to Buy Apartment in City Centre	372.26 €	307.68 €	-17.3 %
Price per Square Feet to Buy Apartment Outside of Centre	229.01 €	188.11 €	-17.9 %
Salaries And Financing	Italy Edit	Spain Edit
Average Monthly Net Salary (After Tax)	1,581.94 €	1,756.01 €	+11.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.80	3.47	-27.6 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	1110	924

Country data (source The World Bank, 2024)	Italy	Spain
GDP Per Capita (PPP) ($) :	44,300.00	40,200.00
GDP Growth Rate:	3.72	5.77
Population Growth Rate:	-0.11	0.12

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Other comparisons Italy vs Spain:

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