“The impact of Covid-19 on the mobility of people has led everyone to reassess what surrounds them, in this case the immense heritage of our country. This is why people who previously would have looked abroad for a prestigious home have now decided to stay in Italy, which has led to an increase in demand for luxury homes,” explains Carlo Giordano, Managing Director of Immobiliare .it.

This unique report is the result of immobiliare.it’s collaboration with LuxuryEstate.com and Realitycs, a big data processing and market intelligence company for the real estate sector. The approach adopted is based on statistics, econometrics and urban-geographical analysis through the use of innovative technologies such as Machine Learning and Artificial Intelligence.

The study provides a comprehensive overview of the main drivers of luxury in Italy over the past three years, based on metrics such as demand, supply, time spent on luxury listing portal, monetary value and the total stock area.

From the general look of the data, there are different trends among the country’s major cities, with Milan and Rome leading in terms of total inventory value, followed by Versilia, Florence and Lake Como.