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Average price for properties for sale in Milan Italy 2020

In 2020, Milan boasted some of the most expensive residential real estate properties in the country. A ranking of the priciest districts of the city for residential properties showed that home buyers could expect to pay on average over ten thousand euros per square meter in the district Centro (historical city center). In Milan, renting a dwelling also comes at a cost. The rental price in the same area amounted to more than 26 euros per square meter in February 2020.

Milan, an attractive destination

Milan is one of the most dynamic Italian cities. In recent years, the city was able to create jobs and expand investments in many sectors, attracting capital and talent both from Italy and from foreign countries. This growth was reflected also in the real estate market, which has proved to be the most dynamic in the country in recent years. Transactions in residential real estate in Milan increased steadily since 2012. Moreover, Milan was one of the most popular cities in Italy for residential property purchase as an investment.

More tourists after Expo 2015

Hosting the Expo 2015 was a brave bet for the city. Thanks to public and private investments Milan could carry out much needed projects in terms of infrastructures and regeneration of some central areas of the city. In this sense, Expo 2015 also allowed the city to place itself on the map of the most popular tourist destinations in Europe and left a positive effect on the city’s tourism fluxes. International visitors have increased steadily since it was announced that the city would be the host of the global event and continued to do so also in the years following the Expo.

Average price for residential real estate for sale in selected areas of the Italian city of Milan as of May 2020

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Source

Release date

June 2020

Region

Italy

Survey time period

May 2020

Supplementary notes

This statistic only shows the central areas with highest values.
The source adds the following information: "The data shows the prices of houses, apartments and in general residential properties in Italy. Prices are the average prices of properties published on Immobiliare.it in Italy."

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Statistics on "Residential real estate in Italy"

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