The city of Milan boasts some of the highest prices in the residential real estate sector in the country, with monthly rents in the inner-city center priced at almost 25 euros per square meter as of August 2021. Similar average prices were also recorded in the areas of Garibaldi, Moscova and Porta Nuova with an average value of over 20 euros per square meter. In comparison, the average rental price for residential real estate in the region of Lombardy, where Milan is located, was roughly 15 euros as of late 2020.
Renting in Italy
Despite being much lower than in Milan, the average rental price for residential real estate in the region of Lombardy was among the most expensive in the country. Renting a house in the southern region of Calabria, the cheapest in the country, cost on average almost three times less per square meter than in Lombardy. On average, renting a house, flat, or residential property in Italy cost approximately 11.1 euros per square meter as of December 2020.
House purchase in Italy
The residential real estate market in Italy has struggled since the financial crisis of 2008. In recent years, however, low prices and low interest rates on mortgage loans have helped keep the sector afloat. In fact, the number of transactions has increased steadily since 2013, including purchases for investment, especially in cities.
Average rental price of residential properties in selected areas of the Italian city of Milan as of August 2021
(in euros per square meter)
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."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Immobiliare.it. (September 8, 2021). Average rental price of residential properties in selected areas of the Italian city of Milan as of August 2021 (in euros per square meter) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/907547/average-price-of-properties-for-rent-in-milan-by-area-italy/
Immobiliare.it. "Average rental price of residential properties in selected areas of the Italian city of Milan as of August 2021 (in euros per square meter)." Chart. September 8, 2021. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/907547/average-price-of-properties-for-rent-in-milan-by-area-italy/
Immobiliare.it. (2021). Average rental price of residential properties in selected areas of the Italian city of Milan as of August 2021 (in euros per square meter). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/907547/average-price-of-properties-for-rent-in-milan-by-area-italy/
Immobiliare.it. "Average Rental Price of Residential Properties in Selected Areas of The Italian City of Milan as of August 2021 (in Euros per Square Meter)." Statista, Statista Inc., 8 Sep 2021, https://www.statista.com/statistics/907547/average-price-of-properties-for-rent-in-milan-by-area-italy/
Immobiliare.it, Average rental price of residential properties in selected areas of the Italian city of Milan as of August 2021 (in euros per square meter) Statista, https://www.statista.com/statistics/907547/average-price-of-properties-for-rent-in-milan-by-area-italy/ (last visited May 22, 2022)