Real estate prices in Milan - the most popular districts
22 April 2015
In Milan current real estate prices depends on the district and are from 2.700 to 6.900 euros. In prestigious areas like Brera, Vercelli, in Montenapoleone, Monzani, Saint Andrea and Via della Spiga, especially in medieval buildings, apartment price 3-4 million euros is not surprising because of location and ancient architecture. However there are a lot of options for those who are not ready to pay too much for Italian property in Milan.
The bohemian Brera district is a good choice for wealthy investors. It is a unique building area with more than 1,000 years of history, "holy" place for "creative" class, where it is permitted to go only on foot, and only locals have right to drive a car here. The district is famous for its nightlife; there are many fashionable bars and restaurants next to galleries and museums here. Prices offer for apartments from 50 to 100 sq. m starts with 7,900 euros, and price for apartments within 200 sq. m starts from 9,100 euros.
Fashion Square District
Expensive and prestigious Fashion Square District is Brera’s main competitor as this area contains the boutiques and showrooms of the best designers of the world: Prada, Armani, Versace, Christian Dior, Trussardi, Dolce & Gabbana and others. Only really prestigious and expensive brands that meet international standards of quality can afford to buy commercial and retail property in the district. However investors are aware that once you spend 8,600 euros for a flat in Montenapoleone or Via Spiga streets, your costs will certainly pay off, as demand for luxury real estate is steadily growing in spite of everything.
Citta Studi and Sempione Districts
It is also possible to find good options for those who just want to buy a cheap property in the EU and in one of the most developed cities in Europe. For example, in Milan university district Citta Studi or near Sempione prices for apartments fluctuate from 3,400 to 4,700 euros and considered to be reasonable. This is despite the fact that, for example, Sempione district is located near Milan downtown, in a quiet place near the main park of the city.
Porta Nuova is an ultra-modern business district of Milan, with its offices, parks, boutiques, cafes, restaurants, pedestrian zones, etc. Here you will also find the Italian highest 231-meter skyscraper Torre Cesar Pelli with luxurious high-tech apartments, which, despite high price from 9,000 to 11,000 euros are being bought quickly. A bit more affordable apartments with unique forested terraces in eco-friendly Bosco Verticale towers of 110 and 76 meters high are included in the top 5 best skyscrapers in the world in 2014.
So if you have a desire you can find affordable property in Milan according to your tastes and preferences.