Milan continues its upward trend in the real estate market, firmly securing its position at the top of Italy’s housing price charts, with an average of 5,186 euros per square meter. On a European scale, it ranks third among the most expensive cities for a two-room apartment, trailing only behind Amsterdam and Lisbon. However, there is still hope for those seeking to buy a home below the city’s average and with the potential for future appreciation.
The Immobiliare.it Insights Observatory, featured and reworked by Fanpage.it, has examined neighborhoods that have experienced significant price growth compared to pre-Covid times, while still offering accessible costs compared to Milan’s most coveted areas. These neighborhoods are primarily situated in the North/Northeastern part of the city, often well-connected to the metro network and undergoing a new wave of gentrification. Among the intriguing locations are Cimiano-Crescenzago-Adriano, Viale Certosa-Cascina Merlata, Pasteur-Rovereto, Affori-Bovisa, and Precotto-Turro. In these areas, the average price per square meter remains below the city’s 5,186 euros. Cimiano-Crescenzago stands out as the neighborhood with the highest price growth in the last three years, boasting a 30% increase and a current average price of 3,495 euros per square meter. Following closely are Viale Certosa-Cascina Merlata, experiencing a 29.8% surge and an average cost of 3,798 euros per square meter, and Pasteur-Rovereto, with a remarkable 28.5% growth and an average price of 4,579 euros per square meter. Affori-Bovisa and Precotto-Turro are also on the rise, with respective increases of 26.9% and 25.3%, and average costs per square meter of 3,425 euros and 3,996 euros.
Honorable mentions go to the area served by the brand-new M4 Forlanini metro line, where the average price per square meter stands at “only” 3,191 euros for a house, yet witnessed a notable 24.9% increase recently. Similarly, Udine-Lambrate is a pricier district, with an average of 4,136 euros per square meter, but still experienced a substantial 24.1% growth in recent years. These emerging neighborhoods present intriguing opportunities for homebuyers looking to acquire a property in Milan at a more affordable price while holding the potential for short-term appreciation.