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
Where are the best places to invest in Milan right now? Is the city center still the top pick, or are neighborhoods like Navigli, Porta Nuova, and Isola gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Milan and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Lambrate is gaining interest as it evolves from an industrial zone to a lively residential area with rising property prices
Lambrate is buzzing with new life as it shifts from an industrial zone to a lively residential hotspot.
Thanks to major urban regeneration projects, like the one by Hines, 400 new homes, a public park, and a cultural hub are on the way. These developments are not just about buildings; they're about connecting neighborhoods and bringing a vibrant energy to Lambrate, making it a great place to call home.
Real estate agents are calling Lambrate an up-and-coming area, and it's easy to see why. It's close to the design district and Politecnico di Milano, which is a big draw for young professionals and families. The new residential units are designed with a variety of people in mind, showing a real shift in who’s moving into the area.
The Scalo Lambrate Regeneration Plan is a big part of Milan’s strategy to turn old railway areas into green, sustainable neighborhoods. This plan includes social housing, green spaces, and public areas, which are all contributing to the rise in property prices. Just a few years ago, prices were around €4,000 per square meter, but now they’ve jumped to €4,500 in 2023.
Lambrate's transformation is not just about new buildings; it's about creating a community. The area is becoming a hub for creativity and innovation, attracting a diverse crowd who want to be part of this exciting change.
With all these changes, Lambrate is quickly becoming one of the most sought-after neighborhoods in Milan. If you're thinking about buying property here, now might be the perfect time to get in on the action.
Sources: Immobiliare.it, Hines, C40 Reinventing Cities
2) Lorenteggio is gaining attention with urban redevelopment projects enhancing its appeal and boosting property values
Lorenteggio is buzzing with change thanks to urban redevelopment projects that kicked off in 2023.
Backed by over 100 million euros from the Lombardy Region, the Municipality of Milan, and ALER Milan, these projects are reshaping the neighborhood. This hefty investment is not just a number; it's the driving force behind Lorenteggio's fresh appeal.
Property values are a clear sign of this transformation. In the Vercelli-Lorenteggio macro-area, residential property prices jumped by 1.6%, especially in Lorenteggio-Frattini and Tolstoj. This uptick shows that more people are eyeing the area, thanks to the ongoing redevelopment.
Infrastructure upgrades are also making a splash. Think of the energy-efficient school in via Narcisi and the new library in via Odazio. Plus, the roads and pavements got a facelift, making the area not just livable but downright attractive for homebuyers and investors.
Even as other areas see a dip, Lorenteggio's housing demand is climbing. This surge is a testament to the neighborhood's revitalization, breathing new life into the local economy and community.
Sources: Comune di Milano, Columbus International
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) Navigli is popular for its picturesque canals and vibrant nightlife, driving strong rental demand and property appreciation
Navigli is a top choice in Milan for its picturesque canals and lively nightlife.
In 2023, property prices in Navigli were around €6,521 per square meter, and by 2024, they slightly adjusted to €6,449. This shows a stable and appreciating market, especially when compared to other parts of Milan where prices are lower.
The area is a hotspot for renters due to its central location and amenities. From 2023 to 2024, rental prices went up by 3.96%, highlighting its popularity among both long-term and short-term renters. Young professionals and students love it here, thanks to the vibrant cultural scene and proximity to major universities.
Tourism in Milan is on the rise, and Navigli's charm is a big draw for tourists, boosting short-term rental demand. Platforms like Airbnb have seen more listings here, and real estate agencies often point to Navigli as a top investment area with strong rental yields.
With its unique blend of culture, nightlife, and strategic location, Navigli continues to be a favorite for both investors and renters. The neighborhood's appeal is further enhanced by its proximity to key attractions and its ability to offer a lively yet authentic Milanese experience.
Investors are particularly interested in Navigli due to its consistent property appreciation and the potential for high returns. The area's dynamic atmosphere and picturesque setting make it a standout choice in Milan's real estate market.
Sources: Immobiliare.it, iad Overseas, Movingto.io
4) Porta Romana is booming with rising property values due to its city center proximity and new infrastructure projects
Porta Romana in Milan is seeing a big jump in property values for several compelling reasons.
One major factor is its proximity to Milan's bustling city center, making it a prime spot for both residents and investors who crave convenience and easy access to amenities. Living close to the heart of the city means everything you need is just a stone's throw away.
Exciting changes are on the horizon with upcoming infrastructure projects that promise to transform the area. The Parco Romana project, for example, is a massive urban regeneration plan that will introduce a large green space, new residential and office buildings, and social housing. This development is set to boost the neighborhood's appeal and enhance the quality of life for its residents.
Adding to the buzz, the Olympic Village for the 2026 Winter Games is being built in Scalo di Porta Romana. This project is not just about the games; it will later be turned into student housing, creating a lively community that spans generations. Such developments are part of a larger urban strategy that includes better public transportation links, making the area even more accessible and attractive.
These changes are drawing significant attention and investment, turning Porta Romana into a hotspot for property buyers. The combination of new infrastructure, improved transport, and the upcoming Olympic Village is creating a perfect storm for rising property values.
For those considering a property purchase, Porta Romana offers a unique blend of urban convenience and future growth potential, making it a smart choice for both living and investing.
Sources: Immobiliare.it, Comune di Milano, Idealista.it
5) Crescenzago is gaining interest for its competitive prices and appreciation potential with new developments emerging
Crescenzago is catching the eye of property buyers thanks to its attractive pricing and growth potential.
In recent years, the Cimiano-Crescenzago area has seen a remarkable 30% jump in property prices, outpacing many other Milan neighborhoods. This surge highlights the area's rapid development and appeal.
One major draw is the lower average price per square meter, which was €3,597 in November 2024. This is quite a bargain compared to Milan's city average of €5,420, making Crescenzago a smart choice for those looking for affordable homes in a vibrant city.
The neighborhood is buzzing with new residential and commercial projects, a sign of ongoing gentrification. These developments are paving the way for future property value appreciation, making it a promising investment.
Adding to its allure, the new M4 Forlanini metro line has improved connectivity, making Crescenzago even more appealing to buyers and investors. This enhanced access is a game-changer for the area.
With competitive prices and new developments, Crescenzago is becoming a sought-after spot for those eyeing property in Milan.
Sources: Immobiliare.it, Columbus International
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6) Greco is attracting attention for its affordable homes and strategic location near major transport links, promising future growth
Greco is catching the eye for its affordable housing options in Milan.
In recent years, Milan has focused on creating affordable housing, with around 4,000 homes built by private operators. These homes have rents ranging from 450 to 800 euros per month, making them accessible to many. The city's masterplan also ensures that at least 20% of new residential buildings are dedicated to affordable housing, providing more rental options.
Greco's appeal is also due to its strategic location near major transport links. Being close to highways and train stations makes it a great choice for those who want easy access to the city. Plus, ongoing government projects to improve Milan's connectivity are likely to boost property values in areas like Greco, making it an attractive investment.
Experts and real estate reports show a growing demand in areas like Greco, hinting that property values are set to rise. This makes Greco a promising spot for both homebuyers and investors. The mix of affordability, location, and potential appreciation makes it a smart choice for those eyeing Milan's real estate market.
Sources: OECD Cogito, eSales International
7) Nolo is gaining popularity among young buyers and renters for its artistic vibe and affordable property prices
Nolo, or North of Loreto, is a hot spot for young buyers and renters in Milan.
One reason for this buzz is the rise in property transactions in Nolo, even as other parts of Milan see a dip. This trend hints that Nolo is becoming a magnet for those looking to buy or rent homes. The neighborhood's charm is undeniable, with its unique blend of affordability and culture.
What really sets Nolo apart is its vibrant artistic community. The area is dotted with art galleries and cultural events that attract young creatives. Renowned art spaces like MASSIMODECARLO and Fondazione Prada have put Nolo on the map as a cultural hub. This artistic vibe is a major draw for young people seeking a lively and inspiring place to call home.
Another big plus for Nolo is its relatively low property costs compared to other parts of Milan. The average price per square meter is significantly lower than in more central areas, making it an affordable option for young buyers and renters. This affordability, combined with the area's artistic appeal, makes Nolo an attractive choice for those seeking a balance between cost and culture.
Young people are flocking to Nolo not just for its affordability but also for its dynamic and creative atmosphere. The neighborhood's artistic scene is thriving, offering a plethora of opportunities for cultural engagement and community involvement. This makes Nolo a perfect fit for those who want to be part of a vibrant and evolving community.
In short, Nolo's combination of affordable living and cultural richness is hard to beat. It's no wonder that young buyers and renters are increasingly drawn to this lively neighborhood, eager to be part of its artistic and affordable lifestyle.
Sources: BOA Unimib, Artsy, Immobiliare.it, Idealista
8) Porta Nuova is a prime investment spot with sleek skyscrapers and business district appeal driving high property prices
Porta Nuova is Milan's prime investment area thanks to its sleek skyscrapers and bustling business district.
In recent years, property prices in Porta Nuova have surged, with rents climbing over 30% since pre-COVID times. This area is outpacing other parts of Milan, making it a real estate hot spot.
The demand for office space here is off the charts, with 100% occupancy in the district. This is fueled by the influx of over 5,000 professionals and the presence of big-name multinational corporations and financial institutions.
Rental transactions have jumped by 20% over the last decade, cementing Porta Nuova's status as a business hub. Companies are flocking here, drawn by the vibrant business environment.
Investments in infrastructure and public transport have made Porta Nuova even more attractive. It's part of a major urban regeneration project, boosting connectivity and mobility with revamped public and pedestrian areas.
Porta Nuova is also committed to sustainability, with 75% of its energy sourced from renewables. This eco-friendly approach aligns with global goals and draws in tenants who care about the environment.
We have made this infographic to give you a quick and clear snapshot of the property market in Italy. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Tortona is gaining attention as a creative hub with its design district, attracting investors seeking unique properties with growth potential
Tortona is quickly becoming a hotspot for creative minds and investors alike.
With its rising property values, Tortona is catching the eye of those looking for unique investments. This surge in prices is a clear sign of the neighborhood's growing popularity, drawing in both local and international buyers eager to tap into its creative vibe.
The area is buzzing with design studios and creative businesses, including big names like Mudec and Armani/Silos. These places have not only boosted Tortona's cultural scene but have also been key players in its transformation, making it a sought-after spot for those in the creative industry.
Events like Milan Design Week are a big deal here, with the 2023 edition pulling in 90,000 visitors. This crowd included a lot of international students, showing just how global Tortona's appeal has become. It's a place where design and creativity take center stage, attracting people from all over the world.
Investors are particularly interested in Tortona because of its potential for growth. The neighborhood's unique properties and creative atmosphere make it a prime location for those looking to invest in something different and promising.
With its vibrant design district, Tortona is not just a place to live but a community where creativity thrives. It's this dynamic environment that continues to draw in investors and creative professionals, making it a key player in the real estate market.
Sources: Dorchester Collection, Clarion Partners, Fuorisalone
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.