OMI valuations are used by real estate professionals, investors, public institutions, and private individuals to understand market trends, evaluate investments, determine the sale or rental price of a property, and make informed strategic decisions.
This is why they are so important for anyone operating in the real estate sector or simply wanting to stay informed about property trends in their area. Keep reading this guide to better understand how to use this tool and how to consult the portal.
OMI Valuations – What They Are and What They Are Used For
OMI valuations provide a minimum and maximum range of market and rental values per unit of surface area. They refer to ordinary real estate units classified within a specific building type located in a homogeneous territorial area, known as the OMI zone.
OMI zones are areas with generally homogeneous property values. These zones are further grouped into so-called OMI bands, which usually divide a municipality into central, semi-central, peripheral, suburban, and extra-urban areas.
To provide more accurate results, buildings are also classified according to their state of conservation (excellent, normal, poor), which affects the commercial surface value.
The minimum and maximum values represent the most common properties in the area; valuations do not include properties of exceptional prestige or degradation, or those with characteristics that are unusual for the building type in that specific area.
These data allow monitoring of property value changes over time and across different geographic areas, providing a clear picture of market trends. This is essential for evaluating the profitability of real estate investments, identifying buying or selling opportunities, and setting competitive prices.
Learn more about how OMI valuations can influence the sale of your home.
OMI valuations are also used as a reference for defining public policies in the real estate sector, allowing authorities to gain an accurate overview of the market and adopt appropriate measures to regulate and promote the property market.
It is important to remember, however, that using OMI valuations to estimate the sale value of a property can only provide a general indication, as it does not account for specific characteristics that may increase or decrease the value of a particular property.
Requesting a professional appraisal is the only way to obtain an accurate and reliable estimate that can best showcase your property.
Request a free valuation with a visit from a Hasamia agent today.
How to Consult OMI Valuations
To consult OMI valuations, you can access the official website of the Italian Revenue Agency and enter the section dedicated to the Real Estate Market Observatory, where you will find various tools to explore and analyze valuation data.
If you want to know the average valuation of a property in a specific neighborhood of your city of interest, you can use the textual search option.
This method allows you to filter data by Province, reference semester, Municipality, OMI zone, and property use type (residential, commercial, tertiary, or productive).
This way, you can view a table showing the minimum and maximum market value (€/sqm) based on the property’s state of conservation, and the corresponding minimum and maximum rental value (€/sqm per month). The legend below the table provides details for correctly interpreting the values.
If, instead, you are only interested in data for the most recently published semester, you can also use the map-based search, available through the GEOPOI territorial navigation service. You can search for an address using the search bar or navigate using the on-screen arrows and zoom tools.
Once you have identified the area for which you want to know the valuation, click on the “View OMI Zones” bar at the top and select the corresponding zone. Then choose the property type, and the relevant sheet will be displayed, ready to print or download.
It is essential to always check the publication date of the latest OMI valuations to ensure that you have up-to-date and relevant information. To maximize the usefulness of this data, it is also advisable to consult real estate professionals.
Esempio di ricerca su mappa delle quotazioni OMI.
How OMI Valuations Are Collected
But how is such a complex and extensive database created?
The collection of OMI (Real Estate Market Observatory) valuations is a detailed process that begins with the definition of homogeneous zones. OMI then collects and processes market data, updating, validating, and publishing it on the official website of the Italian Revenue Agency.
This process is essential for determining OMI valuations and varies depending on the market dynamics of each territorial area.
There are two main methodologies for data collection: direct and indirect.
Direct collection uses standardized forms to gather detailed information on property transactions that occurred during the semester, provided that the number of transactions is sufficient to form a representative sample.
This survey is conducted in accordance with the Operational Survey Plan of each provincial office of the Agency, covering approximately 1,400 municipalities where the majority of the national real estate stock and transactions are concentrated.
Indirect collection, on the other hand, relies on comparative and appraisal methodologies typical of real estate valuation, using the expertise of technical valuation offices when the local market does not provide a significant data sample. This method allows missing data to be supplemented and still produces reliable valuations.
The semiannual direct survey is carried out in municipalities with active market dynamics. For each building type, a sufficiently large sample is selected to ensure a significant range of values for the analyzed homogeneous zone.
The direct survey involves both the sales and rental markets, collecting detailed information on each individual property, including identifying data, location, building characteristics, and the surrounding context.
The primary sources for this survey include property deeds and lease contracts. At the end of the survey, the forms and the cartographic archive are validated. This step is crucial to ensure the accuracy and reliability of the OMI valuations published.
Regularly consulting this data allows you to stay up-to-date with market trends.
Contact Hasamia for more information about the real estate market in your area!
