Authored by the expert who managed and guided the team behind the Italy Property Pack
Yes, the analysis of Milan's property market is included in our pack
Curious about the real estate market in Milan and wondering what the future holds for apartment prices in 2025?
Whether you're planning to invest, relocate, or simply keeping an eye on market trends, understanding the average prices can be crucial.
In this article, we'll explore the factors influencing these prices and provide insights into what you might expect in the coming years.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Italy Property Pack
Estimated Average Apartment Prices in Milan by 2025
The following table provides an estimation of average apartment prices in Milan for the year 2025, broken down by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and market analysis, and are subject to change due to economic factors and real estate market dynamics.
| Area | Average Price per sqm (€) | Average Price per sft (€) |
|---|---|---|
| City Center (Centro Storico) | 10,000 - 12,000 | 930 - 1,115 |
| Brera | 9,500 - 11,500 | 882 - 1,068 |
| Navigli | 7,500 - 9,000 | 697 - 836 |
| Porta Romana | 8,000 - 9,500 | 743 - 882 |
| Isola | 7,000 - 8,500 | 650 - 790 |
| Porta Nuova | 9,000 - 11,000 | 836 - 1,022 |
| San Siro | 5,500 - 7,000 | 511 - 650 |
| Bicocca | 4,500 - 6,000 | 418 - 557 |
| Lambrate | 5,000 - 6,500 | 464 - 604 |
| Porta Venezia | 8,500 - 10,000 | 790 - 930 |
| Corso Buenos Aires | 7,000 - 8,500 | 650 - 790 |
| Fiera Milano City | 6,500 - 8,000 | 604 - 743 |
Get fresh and reliable information about the market in Italy
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What You Need to Know Before Buying an Apartment in Milan in 2025
What is the average price per square meter for apartments in Milan in 2025?
The average price per square meter for apartments in Milan in 2025 is estimated to be around €6,500.
This figure can vary significantly depending on the neighborhood, with central areas like Brera and Navigli being more expensive.
Prices in the outskirts or less popular areas might be lower, offering more affordable options for buyers.
How have apartment prices in Milan changed over the past five years?
Over the past five years, apartment prices in Milan have increased by approximately 15%.
This growth is attributed to the city's economic development and increasing demand for urban living spaces.
However, the rate of increase has varied, with some years experiencing more significant growth than others.
Want to explore this further?
What are the most expensive neighborhoods in Milan for buying an apartment?
Brera, Porta Nuova, and CityLife are among the most expensive neighborhoods in Milan for purchasing an apartment.
These areas are known for their luxury amenities, modern architecture, and proximity to cultural and business centers.
Prices in these neighborhoods can exceed €10,000 per square meter, reflecting their high demand and exclusivity.
Are there any government incentives for buying property in Milan in 2025?
In 2025, the Italian government offers tax deductions for first-time homebuyers, which can significantly reduce the overall cost of purchasing a property.
Additionally, there are incentives for energy-efficient renovations, encouraging buyers to invest in sustainable living spaces.
These incentives aim to stimulate the real estate market and promote environmentally friendly housing solutions.
Want to explore this further?
=> What are the legal requirements for buying property in Milan?
What is the rental yield for apartments in Milan?
The rental yield for apartments in Milan averages around 3% to 4% annually.
This yield can vary based on the location, size, and condition of the property, with central areas typically offering higher returns.
Investors should consider both the rental yield and potential for property value appreciation when purchasing an apartment.
Buying real estate in Italy can be risky
An increasing number of foreign investors are showing interest in Italy. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Want to explore this further?
How does the cost of living in Milan compare to other major Italian cities?
Milan is generally more expensive than other major Italian cities like Rome and Florence, particularly in terms of housing and dining.
The cost of living in Milan is driven by its status as a financial and fashion hub, attracting both domestic and international residents.
However, the city offers a high quality of life, with excellent public services, cultural attractions, and employment opportunities.
Want to explore this further?
What financing options are available for purchasing an apartment in Milan?
Buyers in Milan can access various financing options, including traditional mortgages from Italian banks and international lenders.
Interest rates in 2025 are expected to remain relatively low, making borrowing more affordable for potential homeowners.
It's advisable to compare different mortgage products and consult with a financial advisor to find the best option for your needs.
Want to explore this further?
What are the transaction costs associated with buying an apartment in Milan?
Transaction costs for buying an apartment in Milan typically range from 7% to 10% of the property's purchase price.
These costs include notary fees, registration taxes, and real estate agent commissions.
Buyers should budget for these additional expenses to avoid any financial surprises during the purchasing process.
How does the property market in Milan compare to other European cities?
The property market in Milan is competitive, with prices comparable to other major European cities like Paris and Berlin.
Milan's market is characterized by a strong demand for both residential and commercial properties, driven by its economic significance.
Investors are attracted to Milan for its potential for capital appreciation and stable rental income.
What are the legal requirements for foreign buyers purchasing property in Milan?
Foreign buyers can purchase property in Milan without restrictions, but they must comply with Italian legal and tax regulations.
It's essential to hire a local lawyer to navigate the legal process and ensure all documentation is in order.
Understanding the tax implications and residency requirements is crucial for foreign buyers considering a property investment in Milan.
What are the future trends expected in the Milan real estate market?
The Milan real estate market is expected to continue growing, with increasing demand for sustainable and smart homes.
Developers are focusing on eco-friendly projects and integrating technology to meet the needs of modern buyers.
Urban regeneration projects and infrastructure improvements are likely to enhance the city's appeal and drive property values up.
How does the quality of life in Milan influence property prices?
The high quality of life in Milan, characterized by excellent healthcare, education, and cultural offerings, positively influences property prices.
Buyers are willing to pay a premium for properties in areas with good public transport, green spaces, and vibrant communities.
This demand for quality living environments contributes to the overall stability and growth of the Milan real estate market.