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Market insights Milan | Rome

Market Report Milan | Rome 2024

The Milan & Rome Market Report 2024, produced by Engel & Völkers in collaboration with Nomisma, provides an in-depth analysis of demand dynamics, price-per-square-meter trends, and future prospects within the prime residential market. The study delivers a comprehensive overview of the most exclusive neighborhoods, highlighting how location, energy efficiency, and property condition drive valuations alongside purchasing and investment decisions.

Market Report Milan | Rome 2024

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Market insight Milan | Rome

Market Overview and Trends

  • Market Trends

    The Italian real estate market is stabilizing at elevated transaction levels. The prime and luxury segment remains resilient, driven by international investors and cash buyers.

  • Pricing and Valuations

    Values remain stable. In Milan, residential prices peak at €24,000/sqm in the Quadrilatero and €21,000/sqm in Brera. In Rome, Historic Center prices range between €3,500 and €10,000/sqm, with strong performance in Prati and Parioli. Prices are projected to grow by an average of 2% annually over the 2024–2026 three-year period.

  • Demand and Lettings

    In Milan, demand for renovated, highly energy-efficient properties is growing, while in Rome, purchases for short-term rentals are rising ahead of Jubilee 2025. Long-term rentals are seeing higher rates due to a supply shortage.