Property Prices in Florence, Italy

Index Info
Price to Income Ratio: 14.37
Mortgage as Percentage of Income: 85.54%
Loan Affordability Index: 1.17
Price to Rent Ratio - City Centre: 27.25
Price to Rent Ratio - Outside of Centre: 24.00
Gross Rental Yield (City Centre): 3.67%
Gross Rental Yield (Outside of Centre): 4.17%
Rent Per Month
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Apartment (1 bedroom) in City Centre 797.69 € 700.00-1,000.00
Apartment (1 bedroom) Outside of Centre 619.20 € 550.00-750.00
Apartment (3 bedrooms) in City Centre 1,586.11 € 1,200.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,097.22 € 900.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 461.30 € 371.61-557.41
Price per Square Feet to Buy Apartment Outside of Centre 299.05 € 232.26-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,424.33 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.79 1.00-2.00

These data are based on 211 entries in the past 18 months from 39 different contributors.
Last update: January 2021

Sources and References
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1 Comments so far
Judy on Mar 06, 2018:
I would love to visit Cortona, Italy and possibly rent an apartment to live there permanently. I need to know what a 2 bedroom apartment in that area would cost in comparison to what I pay in the USA ($1,022.00/month). It would be nice to know beforehand if a big move like that would be good for me.