Housing prices in Rio

Property prices trend in Rio

The following charts show price trends over time for all types of residential property in Rio, both for sale and for rent.

In October 2024 the average price asked for residential properties for sale was € 1,581 per square meter, with an increase of 2.80% compared to March 2024 (1,538 €/m²). Over the past 2 years, the average price in Rio municipality reached its peak in July 2024, with a value of € 1,585 per square meter. The month with the lowest asking price was December 2022: for a property for sale, the average price asked was € 1,446 per square meter.

In October 2024 the average price asked for residential rental properties was € 7.00 per month per square meter, with an increase of 0.72% compared to March 2024 (€ 6.95 monthly per square meter). Over the past 2 years, the average price in Rio municipality reached its peak in July 2024, with a value of € 7.13 per square meter. The month with the lowest asking price was December 2022: for a rental property, the average price asked was € 6.30 per month per square meter.

Prices per square meter of the zones in Rio

During October 2024, the asking price for properties for sale in Rio was highest in the Center area, with € 1,661 per square meter. The lowest price, instead, was in the Drepano area, with an average of € 1,225 per square meter.
During the same month, the asking price for rental properties in Rio was highest in the Aktaio area, with € 7.71 per month per square meter. The lowest price, instead, was in the Argira area, with an average of € 0.97 per month per square meter.