The household consumption of housing in Italy as a percentage of Net Disposable Income is forecasted to grow steadily from 2024 to 2028. Specifically, the values are projected to increase from 21.41% in 2024 to 22.41% in 2028. Year-on-year percentage variations demonstrate a consistent rise of approximately 1.17% annually. Compared to 2023's figure of 21.17%, the trend indicates a cumulative growth rate (CAGR) of about 1.15% over the five-year period.
Future trends to watch for:
- Potential changes in government housing policies that could impact disposable incomes and thereby affect housing consumption.
- Inflation rates and their effect on real estate prices and mortgage rates.
- Demographic shifts, especially aging population and migration patterns, influencing housing demand.
- Technological advancements in housing, such as smart homes, which may alter consumption patterns.