Milan is the city that, first of all in Italy, began to emerge from the real estate crisis: sales, in fact, have been recovering since 2013 and prices have been rising since the first half of 2017. In the second half of 2018, compared to the first semester of the same year, the Milan real estate values increased by 4.4%, while the change over the whole year recorded an increase of 8.4%.
Even the sales are recovering as evidenced by the latest figures released by the Revenue Agency. In 2018, 24,521 were up 3.4% compared to 2017.
Sales times are decreasing and the city is among the fastest in Italy: it takes around 100 days to sell a home. The Milanese city therefore continues to attract first-time buyers and investors and, among the big cities, it is the only one that sees the two-room apartment prevail among the most popular types with 44.8%.
The increase or stability of prices is generalized to the whole territory and, in this half-year, there are no negative signs in front of the prices of any neighborhood, confirming a lively market as evidenced by the increasing purchase requests.
In the second half of 2018, the semi-central and peripheral areas of the city performed well, where prices had now reached minimum levels. This explains the increase in requests and the consequent increase in property values, in particular then, in the realities where urban redevelopment interventions have been made in recent years. In fact, among the macro-areas that performed best and above the city average there are Bovisa-Sempione (+ 5.6%), Lodi Corsica (+ 5.3%) and Fiera-San Siro (+ 5.0%).
What to expect for the future
Milan among all the big cities is the one that seems to have taken a trend away from that of the other cities. A trend that will continue also in the coming months and in fact for 2019 we still expect prices to rise between +4 and +6%.
1st april 2019
Monitor Immobiliare.it
by G.I 1.4.19