A careful analysis conducted by Bloomberg Economics, obtained by calculating the average of the z-scores for the first quarter of 2022, identifies the countries most exposed to the bursting of the bubble. For Italy, the results are positive: the latter is in fact positioned at the bottom of the list, with a 3.4% increase in prices. Analyzing the Italian real estate market, experts highlight that before the pandemic, in 2019, prices were on the rise. It was precisely the health emergency that caused a freeze on prices, which resumed their rise in 2021.