a real estate market that developed a great deal in recent years, despite the setback of Covid. From 2015, the year of Expo, to 2021 the number of transactions for residential grew by 48 per cent, that for shops by 60.5 per cent. But the truth boom for offices: plus 180 percent. The trend is also dynamic prices rose by 7 per cent in six years for new accommodationi, 6 per cent for the fairly recent ones and 8 per cent for the old ones to be modernized. The data collected by Fimaa from the metropolitan city, in collaboration with the Confcommercio research office, leave no room for doubt even about the rosy future prospects.
Living in Milan always maintains a significant attraction. The city plays a central role in our society and has proposed alternative models in the pandemic, between smart working and faraway shelters. Lifestyles are changing and in the coming years we will witness the coexistence of hybrid ways of using services based on different age groups – explains Vincenzo Albanese, president of the Federation of business agents mediators (Fimaa), expert in the real estate field -. The neighborhoods are confirmed as strategic for everyone’s quality of life and they are now more than ever a priority criterion in the choice of accommodation to buy. The major regeneration interventions in Milan are already experimenting with new solutions that will very soon become real estate benchmarks not only for the city but for the entire country.
On the market front of rents, hit hard by the pandemic, remarks Immobiliare.it: in the March-August semester the market stopped falling, at least as regards prices currently stable or growing slightly.
Old Town: the dynamics of prices between the first half of 2015 and the first half of 2021 growing in all three types of apartments (+ 3.8% for new ones, + 14.8% for recent ones, + 18.9% for old).
Northern Milan: the prices of new properties increased by 8.6% in the first half of 2021; + 5.1% the prices of recent properties and + 6.3% for old ones.
South Milan: sharp contrast, compared to other areas, for old apartments. The level of prices decreased by -5.9% in the first half of 2021 with a projection of -6.6% in the second half of this year. The prices of recent apartments instead increased by 4.6% in the first half of 2021 and the prices of new ones by 11.4%.
West Milan: old apartments see an increase of 5.3% in the first half of 2021 with a projection of + 5.8% in the second half. Recent apartments grow by + 4.3% and a + 4.6% is expected in the second half of the year. New apartments see prices up by + 6.7% in the first half of 2021 and by + 7.4% as a projection in the second half.
East Milan: the prices of new apartments increase by + 11.2% in the first half of 2021 and by + 9.1% as a projection for the second half. Recent apartments grow by + 5.4%, while the price of old apartments is more stable, recording + 0.4% in the first half of 2021.
If you want to stay updated on news from Milan and Lombardy, subscribe to the Corriere Milano newsletter for free. It arrives every Saturday in your mailbox at 7am. Enough click here.
September 14, 2021 | 14:56
© REPRODUCTION RESERVED