High interest in real estate is leading to the city's expansion and rising prices
Up to 21,000 euros per square meter in the center
The recently published “Market Report for Residential Property in Milan second half year 2021” by Engel & Völkers, highlights an extraordinarily strong recovery of the real estate market since summer 2020. With the revival of the economy since the pandemic, aided by substantial funds from the National Recovery and Resilience Plan, the interest in buying real estate properties has increased and has also led to an improvement in housing conditions: from renovations to new developments. “In Milan, a gradual but significant recovery of the rental market is expected in all areas of the city, while sales and prices are forecasted to grow further, stimulated by strong demand,” explains Marco Sorbara, Sales Manager of Engel & Völkers Milan.