Property Prices Comparison Between Spain and Italy

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

City in Spain:
City in Italy:

Index	Spain	Italy
Price to Income Ratio:	7.49	10.24
Mortgage as Percentage of Income:	51.98%	79.69%
Loan Affordability Index:	1.92	1.25
Price to Rent Ratio - City Centre:	16.80	24.18
Price to Rent Ratio - Outside of Centre:	14.20	20.50
Gross Rental Yield (City Centre):	5.95%	4.14%
Gross Rental Yield (Outside of Centre):	7.04%	4.88%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Spain Edit	Italy Edit	Difference
Apartment (1 bedroom) in City Centre	936.57 €	760.81 €	-18.8 %
Apartment (1 bedroom) Outside of Centre	700.92 €	569.49 €	-18.8 %
Apartment (3 bedrooms) in City Centre	1,511.51 €	1,363.93 €	-9.8 %
Apartment (3 bedrooms) Outside of Centre	1,053.33 €	957.30 €	-9.1 %
Buy Apartment Price	Spain Edit	Italy Edit
Price per Square Feet to Buy Apartment in City Centre	304.01 €	372.26 €	+22.4 %
Price per Square Feet to Buy Apartment Outside of Centre	186.74 €	229.61 €	+23.0 %
Salaries And Financing	Spain Edit	Italy Edit
Average Monthly Net Salary (After Tax)	1,763.03 €	1,582.10 €	-10.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.47	4.80	+38.3 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	934	1114

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

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