Florence
2 homes
Florence
A working Renaissance city rather than a museum: the historic centre is small, protected and effectively fixed in supply, so the specific building matters more than the address.
Life here
- Historic centre living
- Art and artisan workshops
- Markets and food
- Tuscany at the door
Ownership rationale
Nothing new can be built inside the centre, so value rests on the fabric of the individual building and the quality of its restoration. Short-let rules are tightening — an existing, transferable registration is a real advantage.
Getting here
High-speed rail to Rome in around 90 minutes and Milan in under two hours; Florence and Bologna airports for European flights.
The market, honestly
Published data where it exists — sources belowPrice per square metre
€5,934 / m² average in the historic centre
Immobiliare.it records the Centro zone of Florence at an average asking price of €5,934/m², in a range of €4,814–7,670/m². Restored apartments with original features and light sit at the top of that band; ground-floor and dark courtyard flats at the bottom.
Last three years
Broadly flat to modestly up in the centre
Central Florence has been a stable rather than a fast market: the premium sits in restored, move-in-ready stock, while unrenovated apartments and upper-floor walk-ups without a lift have not kept pace.
Rental return
3 – 4.5% gross (our estimate)
Not a published figure. Short-let rules in the historic centre have tightened, so we underwrite Florence on medium-term and academic-year lets rather than nightly rates.
Holding and resale
€2,500 – €6,000 a year (our estimate)
Typical annual running costs including taxes, utilities and basic maintenance. Steady year-round; good centre stock rarely sits long.
Who this suits
- Buyers who want a city base used across the year, not only in summer
- Owners comfortable with an apartment and condominium life
Price levels and recent movement come from the published sources listed below, read in 2026. Rental returns, running costs and liquidity are our own working estimates and are labelled as such. None of this is a valuation — any specific home we bring you is underwritten on its own numbers.
Thinking about Florence?
A free 30-minute call with a specialist — about where, what, and whether it makes sense.
Speak with a specialistLooking for something similar?