If we exclude the historical center, which is more than twice the value of the rest of the property, the average cost of sale in Milan was €5,268 per square meter in 2021. €4,122 is the price fot the secondary real estate market in good condition; €3,086 - the secondary real estate market in need under repair.
The consortium Cooperative Lavoratori (CCL) has presented the data on prices for the purchase and rental of housing in Milan at a seminar.
Buying a home. According to FIMAA, if we exclude the cost in the historical center, which is more than twice the value of the rest of the property, the average effective cost of sale in Milan was €5,268 per square meter in 2021 in the new real estate market. A square meter in the seconday real estate market was €4,122, and €3,086 in the secondary real estate market without renovation.
Thus, a person with a net income of €1,500 per month (about 25% of the people working in Milan) can afford a 20-year mortgage with a monthly contribution of 30% of income (which is considered internationally a fair and acceptable percentage) to buy:
18 sq.m of real estate in Milan (excluding the historical center) in the new housing market;
24 sq.m in the secondary housing market in good condition;
31 sq.m. in the secondary housing market for renovation.
Rental housing. As for rent, according to Real Estate Market Observatory, the rent per square meter experienced a strong increase from 2015 to 2021, while an increase in the cost of +25-30% was recorded in new contracts. In fact, the average rent was about €965 per month (€815 for the temporary housing market) for a 70 sq.m. dwelling in 2021.
But if we look at the "official" offer offered by real estate portals, we will understand that the cost per square meter is much higher – €240 per year, on average about €1,400 per month for housing with an area of 70 square meters.
What you can buy in Milan right now:
2 150 000 €
Villa in Milan, Italy
380 sq.m55
This luxury villa for sale, located in Lombardy, near Milan, has a total internal surface of 380 sq m, equally distributed on two levels. A luxuriant and well-kept green space of 3.200 sq m surrounds the property that consists of a main villa and an annex. Built in the 70s, the interiors of the estate are well distributed and cared for in every...
Lionard Luxury Real Estate
Price on request
Villa in Milan, Italy
1500 sq.m55
Just a few kilometres from Milan city centre, this prestigious building is for sale. Composed by eleven refined rooms, this livish palace is currently used as a tourist accommodation facility and boasts large rooms characterized by magnificent and well-preserved finishings, decorations and period frescoes, together with high ceilings and...
Lionard Luxury Real Estate
Price on request
Apartment in Milan, Italy
280 sq.m54
In one of the most high-end areas of Central Milan, there is this luxurious two-storey penthouse for sale. This prestigious 280-sqm property is at a stone's throw from the city's main sights, on the 7th and 8th floors of a high-end 1960s building, and also includes two fantastic panoramic terraces. Among the great features of this property there...
Lionard Luxury Real Estate
Price on request
Farm in Milan, Italy
3500 sq.m47
This stunning estate surrounded by nature is for sale on the outskirts of Milan. This luxurious residence, which currently houses a tourist accommodation facility and a horse farm, boasts vast grounds that extend for ten hectares, two of which feature a perfectly kept lawn with a splendid courtyard and the remaining part is intended for the care...
Lionard Luxury Real Estate
Price on request
Villa in Milan, Italy
300 sq.m33
In the province of Milan, close to Malpensa's international airport, there is this luxurious modern villa with a park and pool for sale. Renovated in 2011, this villa is in a modern architectural style, featuring elegant interiors and fit with the latest technologies, The villa is surrounded by a 2,600-sqm private garden featuring a well-tended...
Lionard Luxury Real Estate
Price on request
Villa in Milan, Italy
2500 sq.m109
In Paderno Dugnano, just 25 minutes from Milan, there is this elegant historical villa surrounded by a 2.5-hectare private park with a pool and tennis court for sale. This splendid estate is an important Baroque complex built in 1693, standing around a central rectangular courtyard. Big architraved porticoes, supported by granite columns, are...
Lionard Luxury Real Estate
Price on request
Villa in Milan, Italy
1080 sq.m811
This prestigious property for sale is the 15th-century wing of Villa Frisiani Mereghetti, surrounded by the leafy landscape of Milan's countryside, in a strategic position to reach Malpensa's international airport. The villa itself was built in 1652 by one of the most important Lombard architects at the time. The part of the villa for sale has...
Lionard Luxury Real Estate
310 000 €
Apartment in Milan, Italy
45 sq.m211
We offer a brand new apartment in Milan. In a building in the old Milanese style, with one bedroom, on the second floor, without elevator. Fully furnished, furnished with furniture and household appliances. The apartment is located near the center.
It consists of: a spacious living room with protruding balconies, a separate kitchen-dining...
Alisa Estejt
Price on request
Apartment in Milan, Italy
439 sq.m45
This extraordinary property for sale in Milan's prestigious Porta Venezia area is on the sixth floor, measures 439 sqm and offers 30 sqm of terraces with panoramic views. The building offers a concierge service and two lifts. This exclusive apartment has two separate entrances, both with armored doors. The main entrance leads to the living area,...
Lionard Luxury Real Estate
Price on request
House in Milan, Italy
1200 sq.m710
A luxurious loft in a modern design is for sale in a prestigious area of Milan's city centre, along the Naviglio Grande. This exclusive Milanese estate has just been renovated in a sophisticated contemporary style, with elegant, high-quality furnishings and the most advanced domestic systems. Developed on three levels, for an internal surface of...
Lionard Luxury Real Estate
1 950 000 €
Apartment in Milan, Italy
174 sq.m33
In Milan's renowned CityLife district, there is an exclusive property for sale that combines the elegance of modern design with high-level living comforts. This luxurious 174-sqm apartment with a 45-sqm panoramic terrace, located on the eighth floor of a prestigious building, offers a unique view of the area's park and the city's skyline....
Lionard Luxury Real Estate
Price on request
Apartment in Milan, Italy
450 sq.m32
In the prestigious heart of Milan, a few steps from the iconic Cathedral, this exclusive 450-sqm flat with a 10-sqm balcony is for sale on the third floor of an elegant building. Currently used as an office, this property can easily be converted into a luxury home. This flat is in one of the city's most historically and culturally rich areas,...
Lionard Luxury Real Estate
2 100 000 €
Apartment in Milan, Italy
263 sq.m53
In the renowned district of San Siro, in Milan, an apartment of 263 square meters is located for sale, located on the eighth floor of a modern building, with about 60 square meters of panoramic terraces and a boundless view of the city and the Alps. The high position and the triple exposure ensure privacy, brightness and a breathtaking panoramic...
Lionard Luxury Real Estate
Price on request
Apartment in Milan, Italy
400 sq.m57
In the area of San Siro in Milan, a luxurious penthouse with an area of 400 the complex Residenza auriga. This two-level house with a concierge service and video surveillance is updated using advanced technologies, including house equipment and solar panels. Features include an exotic terrace with an area of 220 sq.m, with a heated pool,...
Lionard Luxury Real Estate
7 100 000 €
House in Milan, Italy
1000 sq.m1266
Prestigious villa under construction with a spectacular swimming pool in the most exclusive area of San Siro.
The property spans multiple levels, totaling 1000 square meters, and includes a large garden.
On the ground floor, there is a bright living room of 200 square meters with large windows that offer a view of the garden and the pool....
Mercury Group
2 250 000 €
House in Milan, Italy
780 sq.m1698
The residence is a luxurious farmhouse built in the 17th century and was once owned by the Borromeo family of aristocratic bankers. The property has recently undergone an extensive renovation carefully preserving its original structure and character while integrating state-of-the-art modern comforts and high quality materials and finishes.
The...
Mercury Group
1 600 000 €
Apartment in Milan, Italy
110 sq.m21
In Milan's vibrant San Babila district, this charming 110-sqm flat on the sixth floor of a modern building is for sale. Its prime location offers easy access to historical monuments and luxury boutiques. Residents can explore the city's wonders and quickly reach renowned destinations like Lake Como and Lake Garda. Milan, known for its fashion...
Lionard Luxury Real Estate
2 300 000 €
Apartment in Milan, Italy
180 sq.m22
Located in Milan's bustling city center, this newly constructed luxury flat offers a modern design and sustainable living. Spanning 180 sqm with an additional 125 sqm of outdoor space, including a balcony and a terrace, it provides an elegant venue for open-air gatherings with privacy and panoramic city views. Situated between Corso Buenos Aires...
Lionard Luxury Real Estate
1 550 000 €
Apartment in Milan, Italy
310 sq.m64
This apartment for sale is part of an elegant building in a prestigious residential area in Milan. This estate is on the first floor of a modern building, has two floors connected by a staircase and measures 310 m2 overall, besides 100 m2 of terraces. This apartment can also be divided into two independent units. On the ground floor of this...
Lionard Luxury Real Estate
Price on request
Apartment in Milan, Italy
350 sq.m55
Situated in Milan's vibrant core, this property offers five exclusive three-room apartments on the second floor of an elegant building, totaling 350 sqm. Renovated and furnished to perfection, these apartments provide a haven of elegance near iconic landmarks like the Indro Montanelli Gardens, Via Montenapoleone, and Piazza Gae Aulenti. Milan,...
