milano

La Lombardia è la regione con più transazioni in Italia

Milan Leads Italy’s Luxury Real Estate Market

By Columbus International,13 November 2024

The Lombardy capital outperforms Rome and Porto Cervo in high-end buyer preferences, with particular interest from international investors

In a real estate market showing mixed signals, Milan firmly establishes itself as the undisputed leader in Italy’s luxury sector. According to a recent study by LuxuryEstate.Com, the Lombardy capital attracts 17.3% of national demand for prestigious properties, significantly outpacing Rome (13.3%) and other renowned locations such as Porto Cervo and Forte dei Marmi.

The Luxury Premium

The ultra-luxury segment, characterized by properties valued above €6 million, maintains particular dynamism, especially in the city’s most exclusive areas. The Quadrilatero della Moda, Brera, and the Duomo area continue to attract significant investments, primarily from international buyers.

International Appeal

A key factor in Milan’s success in the luxury real estate market is its attractiveness to foreign investors, drawn not only by prestigious locations but also by favorable tax regulations. This trend has remained solid through 2024, with international buyers leading high-value transactions.

Market Segmentation

While properties in the highest market segment (above €6 million) maintain strong momentum, there is a slight contraction in luxury property transactions in the €1-6 million range, highlighting a market polarization toward ultra-luxury properties.

Nest Seekers Real Estate Expands into Italy with a Focus on Premier Destinations (Source: Vanity Fair Italia)

By Columbus International,3 September 20233 September 2023

With 35 offices across the United States and Europe and a team of 1600 agents, Nest Seekers, renowned for its groundbreaking approach to real estate showcased in reality shows like “Million Dollar Listing New York” and “Selling The Hamptons,” is making its debut in Italy, starting in Milan. The agency’s reach will now extend to some of Italy’s most prestigious destinations, including the Amalfi Coast, Tuscany, Lake Como, and Puglia, as reported by Vanity Fair. Heading the Milan offices are Luca and Sara Traverso, two Genoese siblings with over two decades of experience in the international real estate market. While they initially honed their skills within Italy, they have spent the past 20 years navigating both the Milan and New York markets.

Alongside them is Eddie Shapiro, the President, Founder, and CEO of Nest Seekers, working on a TV series to showcase the Italian real estate market. Luca and Sara have two distinct goals: establishing a strong presence in internationally sought-after tourist destinations and focusing on new real estate developments. They recently opened an agency in Capri in early August, with plans to launch another in Naples in mid-September to cover the Amalfi Coast. Milan, on the other hand, will see a particular emphasis on new real estate projects. Demand for properties in Tuscany and Lake Como, especially from international clients, continues to grow. Furthermore, the team is exploring opportunities in other Italian cities. Among their upcoming projects is the unveiling of “Villa Covoni,” an elegant historic residence situated in Florence.

This strategically located villa is just minutes away from Fiesole and Florence’s historic city center. Nest Seekers’ Italian team also includes Bianca D’Alessio, recognized as the top real estate agent in New York for 2022, specializing in new construction properties. In the past, Nest Seekers has served a VIP clientele that includes names like Chiara Ferragni, Mariah Carey, Serena Williams, Rihanna, and Chris Mullin, demonstrating their commitment to delivering high-quality services and an extraordinary real estate experience. Nest Seekers’ entry into Italy promises to bring innovation and extensive real estate expertise to an international clientele seeking the most exclusive destinations in the country.

Source: Vanity Fair Italia

Real estate market on the rise, +2.5% compared to the beginning of 2023. The most expensive city is Milan

By Columbus International,13 July 202313 July 2023

According to a report published by the biannual Residential Property Market Observatory by Immobiliare.it Insights, the average cost of buying a house in Italy is currently €2,125 per square meter, showing a 2.5% increase compared to the beginning of 2023. During the same period, rental prices have increased by 5.4%. It is interesting to note that Milan, one of Columbus International‘s reference markets, is the most expensive location for both buying and renting properties. Despite a decrease in demand and an increase in supply in the Italian real estate market, housing prices continue to rise in the first half of 2023.

The Residential Property Market Observatory by Immobiliare.it Insights also highlights a decrease in affordability for singles and couples across the country. In major cities, the average cost of buying a house is €3,236 per square meter. However, demand has decreased by 2.9% in the last semester, while the supply of available properties on the market has increased by 8.3%. Regarding rentals, rental prices remain higher in major cities, with an average of over €16 per square meter compared to €10 in smaller cities. However, smaller cities show a higher growth rate (+8.1% in the semester) compared to larger cities (+5.5%). Milan confirms its position as the most expensive city for buying a house, with an average price exceeding €5,250 per square meter, followed by Bolzano, Florence, Bologna, and Rome. Additionally, Milan is also the most expensive city for rentals, with an average of €22 per square meter, followed by Florence and Bologna.