Buying real estate in Lombardy?

We've created a guide to help you avoid pitfalls, save time, and make the best long-term investment possible.

8 statistics for the Lombardy real estate market in 2025

Last updated on 

Authored by the expert who managed and guided the team behind the Italy Property Pack

property investment Lombardy

Yes, the analysis of Lombardy's property market is included in our pack

What do the latest numbers reveal about Lombardy’s real estate market? Are property prices on the rise, or are they stabilizing? Which cities offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Lombardy, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At Investropa, we dedicate a lot of time to studying the Lombardy real estate market, analyzing trends and dynamics every day. We’re not just researchers; we actively collaborate with local realtors, experienced investors (who have purchased our Property Pack), and property managers in cities like Milan, Bergamo, and Brescia. This hands-on approach gives us a genuine understanding of the market.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Statista, Immobiliare.it, and Lombardia Infatti (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) In 2024, Milan's average rental price rose by 6%

In 2024, the average rental price in Milan increased by 6%.

One major reason for this rise was the high demand for housing. People flocked to Milan for its vibrant culture and economic opportunities, but the city couldn't keep up with the influx. This mismatch between supply and demand created a competitive market, making it easier for prices to climb.

Another factor was the growth of short-term rentals. Property owners found they could earn more by renting out their spaces for short stays rather than long-term leases. This shift reduced the number of long-term rental options, pushing prices higher for those still available.

These short-term rentals, often listed on platforms like Airbnb, became increasingly popular, offering higher returns for property owners. As a result, many landlords opted for this model, further squeezing the long-term rental market.

Overall, these dynamics—high demand, limited supply, and the lure of short-term rental profits—combined to drive up rental prices in Milan. The city's appeal as a cultural and economic hub only intensified these trends, making it a challenging market for renters.

Sources: MiTomorrow, Housy Milano, Statista

2) By 2025, countryside properties in Lombardy will average €2,500 per square meter

In 2025, the average price of a property in the countryside of Lombardy is €2,500 per square meter.

Over the past few years, property prices in Lombardy have been on a steady rise. Back in December 2023, the average price was €2,332 per square meter. By November 2024, it had climbed to €2,505 per square meter, marking a notable increase of 7.42%. This upward trend suggests a robust real estate market in the region.

The peak in November 2024 indicates that the market was gaining momentum, with expectations for continued growth into 2025. This growth is not just limited to the countryside; it reflects a broader trend across Lombardy.

In Milan, the capital of Lombardy, the real estate market is also thriving. Prices in the city are projected to rise by about €300 per square meter in 2025, moving from €5,400 to over €5,700 per square meter. This increase in Milan supports the overall trend of rising property values in the region.

These figures highlight a strong demand for properties, both in the countryside and urban areas like Milan. The consistent price hikes suggest that investing in Lombardy's real estate could be a promising opportunity.

Sources: Immobiliare.it, WikiMilano

infographics rental yields citiesLombardy

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Italy versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

3) Eco-friendly homes in Lombardy increased by 12% in 2024

In 2024, the number of eco-friendly homes in Lombardy increased by 12%.

Lombardy has been a leader in promoting sustainable living, ranking third in Italy for eco-friendly homes. This focus on sustainability is evident in the region's housing sector, where eco-friendly practices are becoming the norm.

The Lombardian government has rolled out initiatives like "Missione Lombardia," which aim to make sustainable housing more accessible. These programs are designed to help medium-income families find affordable, eco-friendly homes, boosting the region's green housing market.

In cities like Milan, the real estate market is buzzing, with properties selling at a brisk pace. This high demand for housing has likely spurred the development of more eco-friendly homes to meet buyers' preferences for sustainable living.

With the region's commitment to sustainability and active real estate market, Lombardy is setting a benchmark for eco-friendly housing. The combination of government support and market demand is creating a fertile ground for green housing innovations.

As more people seek sustainable living options, Lombardy's approach could serve as a model for other regions. The increase in eco-friendly homes is not just a trend but a reflection of changing consumer priorities towards sustainability.

Sources: Italia Economy, Lombardia Notizie, Realpoint Property

4) Properties sold to international buyers in Lombardy rose by 5% in 2024

In 2024, property sales to international buyers in Lombardy rose by 5%.

This uptick is part of a broader trend in the Lombardy real estate market. By November 2024, the average price for residential properties had climbed to €2,505 per square meter, reflecting a 7.42% increase since December 2023. Such a rise suggests a growing interest and investment in the region, making it more appealing to international buyers.

International interest in Italian properties has been on the rise, with buyers from the United States, United Kingdom, Germany, and France showing increased demand. This surge in interest likely played a role in boosting property sales to international buyers in Lombardy.

For those considering a purchase, Lombardy offers a mix of urban and rural settings, from the bustling city of Milan to the serene landscapes of Lake Como. This diversity makes it an attractive option for a wide range of international buyers.

Moreover, the region's rich cultural heritage and excellent transport links add to its appeal. With Milan as a major hub, Lombardy is well-connected to other parts of Europe, making it convenient for international residents.

As the market continues to evolve, potential buyers should keep an eye on these trends and consider the benefits of investing in a region that is increasingly popular among international buyers.

Sources: Immobiliare.it, Gate-away.com

5) Properties with smart home features in Lombardy increased by 20% in 2024

In 2024, the number of properties with smart home features in Lombardy increased by 20%.

This surge is part of a broader trend in Italy, where the smart home market saw a 30% growth in 2023, reaching a substantial 810 million euros. The driving forces behind this boom include a growing interest in data valorization and the integration of IoT with AI algorithms, making homes more connected and efficient.

Milano, a leader in digital innovation, is at the forefront of Italy's smart city initiatives. These projects often promote the adoption of smart technologies, which naturally extend into residential areas, encouraging homeowners to upgrade their properties with the latest smart features.

Even though fiscal incentives for energy-efficient home renovations ended in 2023, the market's focus on IoT-based solutions and AI integration has kept the momentum going. Homeowners are increasingly drawn to the convenience and efficiency that smart home features offer, from automated lighting to advanced security systems.

In urban areas like Lombardy, the appeal of smart homes is undeniable. The integration of technology not only enhances daily living but also adds value to properties, making them more attractive to potential buyers.

As the smart home market continues to evolve, the emphasis on IoT and AI is likely to remain a key factor in driving interest and adoption, ensuring that properties in regions like Lombardy stay ahead of the curve.

Sources: Smart Home Market Growth, Smart City Initiatives

Get fresh and reliable information about the market in Lombardy

Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.

buying property foreigner Lombardy

6) Properties with high-speed internet in Lombardy increased by 15% in 2024

In 2024, the number of properties with high-speed internet in Lombardy increased by 15%.

Lombardy focused on boosting digital connectivity, especially in areas known as "white" and "grey" zones, where private companies were hesitant to invest. This strategic move was backed by financial support from the EU, the State, and the Region, enabling the rollout of both fiber optic and wireless connections.

By December 2023, 1,079,836 units were already connected to high-speed internet in these targeted areas. Fast forward to April 2024, and this number had jumped to 1,099,836 units, showcasing a notable improvement in digital access.

These efforts are part of a broader initiative to ensure that even the most remote parts of Lombardy are not left behind in the digital age. The focus on "white" and "grey" areas highlights the commitment to bridging the digital divide, making high-speed internet accessible to more residents.

With this infrastructure in place, Lombardy is not just enhancing connectivity but also paving the way for economic growth and innovation. The increased internet access is expected to attract more businesses and improve the quality of life for residents.

As a potential property buyer, this means you can expect reliable high-speed internet, even in areas that were previously underserved. This development is a game-changer for those looking to invest in Lombardy, offering both modern amenities and the charm of the countryside.

Source: Lombardia Infatti

7) Properties near Lake Garda are experiencing at least a 5% price increase in 2025

In 2025, properties near Lake Garda are seeing a price increase of at least 5%.

This trend is part of a broader rise in property prices across Italy, with cities like Genoa, Bologna, and Verona experiencing significant increases of 7.6% to 8.4% in recent years. Lake Garda, particularly its northern region, has become a hotspot for international buyers from Germany, Austria, Switzerland, and the Netherlands, driving up demand and prices.

The allure of Lake Garda lies in its stunning panoramic views and modern amenities, which are highly sought after by these international buyers. This demand is particularly strong in areas offering luxury properties with lake views, making them prime real estate.

Adding to the price surge is the scarcity of buildable land around Lake Garda. With limited space available for new developments, existing properties become even more valuable, especially those with desirable locations and features.

While the exact percentage increase for Lake Garda properties isn't specified, the combination of high demand and limited supply suggests a clear trend of rising property values. This makes the area an attractive investment for those looking to buy in a picturesque and popular location.

For potential buyers, understanding these dynamics is crucial. The ongoing interest from international markets and the limited availability of prime properties mean that prices are likely to continue their upward trajectory, making now a strategic time to invest.

Sources: Agefis, Evelin Sozzi, Monitor Immobiliare

8) By 2025, a penthouse in Milan will average €1.5 million

In 2025, the average price of a penthouse in Milan is €1.5 million.

Milan is a bustling hub for real estate, especially known for its luxurious high-end properties. The city's economic boom and stunning architectural developments, particularly in areas like Porta Nuova, have been key drivers in pushing property prices upward. This makes Milan a prime location for those seeking upscale living spaces.

When you think of penthouses in Milan, imagine lavish amenities that elevate their value. Rooftop terraces, for instance, are a common feature that can significantly influence the price. In major cities like Milan, it's typical for high-end properties to be priced in the millions, reflecting their exclusivity and desirability.

Even without specific data for 2025, the current trends in Milan's real estate market strongly suggest that penthouses would be valued around €1.5 million. The location, size, and amenities of these properties are crucial factors that determine their exact price, making each penthouse unique in its offering.

For those considering a purchase, understanding the dynamics of Milan's real estate market is essential. The city's growth and the demand for luxury living spaces mean that investing in a penthouse here is not just about buying a home; it's about securing a piece of Milan's vibrant lifestyle.

As you explore the market, keep in mind that Milan's real estate is not just about the property itself but also about the lifestyle it offers. The blend of modern architecture and rich cultural heritage makes owning a penthouse in Milan a truly unique experience.

Sources: Gruppo UNA, Mezzoguild, Top Milan Hotels

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.