Milan’s property sector continues its remarkable ascent in 2025. The latest Milano-Roma Market Report from Engel & Völkers Italia, developed in partnership with Nomisma, confirms that the Lombard capital remains one of Europe’s most coveted destinations for premium real estate. The momentum stems primarily from strategic infrastructure investments – particularly the new M4 metro line – and the approaching 2026 Winter Olympics, which continue to instill confidence throughout the market.
Unveiled at The Dome Milano by CEO Muhannad Al Salhi, the report reveals a 6.8% surge in property transactions compared to the first half of 2024, while prices maintain their elevated plateau. Newly constructed or fully renovated residences command between €7,000 and €12,300 per square meter, underscoring Milan’s position as a robust and dynamic marketplace.
The New Buyers: Italy’s Global Professionals Return Home
One compelling insight from the report concerns the evolving buyer profile. Milan increasingly attracts expatriate Italians – professionals returning from London or New York who are drawn by the city’s solid market fundamentals, contemporary infrastructure, and rising quality of life. Complementing this trend, domestic families, students, and professionals continue their strong investment presence, recognizing Milan as a city that seamlessly blends stability, culture, and career opportunities.
Luxury’s Geographic Heartbeat: From Brera to the Fashion Quadrilateral
Milan’s luxury real estate landscape is both defined and expanding. The Historic Center remains the epicenter of exclusive properties, with values reaching €27,000 per square meter in the Fashion Quadrilateral, while the increasingly sought-after Brera neighborhood commands approximately €22,000, prized for its sophistication and livability.
The property renaissance extends well beyond these traditional bastions. Neighborhoods along the M4 corridor are experiencing sustained appreciation. The Eastern Zone, encompassing Repubblica and Porta Venezia, registers prices between €4,500 and €9,700 per square meter, blending renovated period architecture with cutting-edge residential design.
The Western Zone maintains stability around €10,000 in areas such as Chinatown and Corso Vercelli, while CityLife – emblem of contemporary Milan – ranges from €8,000 to €15,000 depending on the tower and amenities. Northern districts like Maggiolina and Centrale reach €13,400 to €20,000 per square meter, while the Southern Zone displays greater variation: from €6,250 in Medaglie d’Oro-Lodi to €11,350 in Porta Romana and Crocetta, two increasingly desirable areas benefiting from proximity to Bocconi University and emerging sustainable mobility hubs.
Rome Rises, but Milan Retains Its Crown
Rome presents an equally vibrant yet distinctly different market narrative. The capital witnessed a 7% increase in transactions, with newly built or renovated properties priced between €3,500 and €5,000 per square meter – exceeding €10,000 in the Historic Center. Demand is fueled by families and international investors, reflecting sustained global interest in Italian real estate. Nevertheless, Milan continues to represent the nation’s most stable and innovative model, anchored by infrastructure development, sustainability initiatives, and superior urban quality.
Forward Outlook: Resilience Amid Global Uncertainty
Despite geopolitical tensions, demographic challenges, and the anticipated impact of new tariffs implemented under Donald Trump beginning in 2026, Italy’s property market demonstrates remarkable fortitude. Engel & Völkers experts project that Milan will maintain its positive trajectory in coming months, supported by improved credit accessibility and undiminished high-end demand. Italy – and particularly its economic capital—reaffirms its status as a premier destination for luxury property investment, a safe haven that in 2025 gleams once again as a veritable urban gold rush.
