Once a more off-the-radar destination, Sicily has surged to the forefront of global consciousness once again, thanks to several high-profile television series and films. An area of rich history, reflected in Greek, Roman, and Byzantine sites as well as a haven for nature with Mount Etna towering over the landscape.

This global attention has the potential to further boost the property market in a region which is currently one of the least expensive in Italy. Prices per square metre across Sicily remain down on values seen in 2019 by -0.9%; however, they have grown by 0.9% over the course of 2023.

The market is also seeing stable demand and an expanding supply, which is helping to slightly mitigate the levels of undersupply seen in recent years across the market. Transaction volumes are down -14.4% over 2023, but they remain 15.3% higher than volumes seen in 2019. Increasing amounts of supply in the market should help support transaction numbers in the coming years. Buyers across Sicily are mainly Italian, but the market has seen significantly increased levels of interest from a growing minority of buyers from France, the UK, Switzerland, the United States and Scandinavia, looking to take advantage of the lifestyle to be found on the island. 

Rental prices have increased at a steady pace in recent years, growing 9.7% on 2019 and 11.7% over 2023. As is the case with many markets globally, visitors to Sicily will look to try out the market by renting property before they choose to buy in their desired location. Increasing demand for rental property across the region, especially due to its rising international prominence and comparatively less expensive prime rental stock, will likely continue to support rental price growth.