Index
Milan is one of the Italian cities with the liveliest and most dynamic real estate market. Since the 2015 EXPO, the Lombardy capital has experienced continuous and unstoppable growth: today, compared to 2015, buying a house costs around 40% more.
Accomplices to this price growth have been the international charm of the city, made up of fashion, culture, finance and technology, but also the prestigious universities and the job market particularly fertile and full of opportunities. The dynamism of the city Lombardy attracts new residents every year from all over Italy and the world, and this in turn contributes to the growth of house purchase and rental prices.
House prices in Milan area by area
The price of a home in 2023 is on average 5,199 euros per square meter, compared to an Italian average of 1,962. Similarly, rents have also risen significantly, even leading students and young workers to stage protests in the streets: in fact, a house to rent in Milan costs around 21.38 euros per square meter, almost double the Italian average (11.94 euros).
Naturally, these prices vary according to the area and the services it offers, primarily public transport, universities, offices and leisure attractions. The centre of Milan is certainly in first place for the concentration of services, from public transport to restaurants and clubs of all kinds, while the outskirts remain the most affordable area, even though prices are rising here too.
Let's see which are the most affordable neighbourhoods. renowned properties in the center and suburbs with their respective purchase prices.
Historic Center
The Duomo, the Galleria, the Sforza Castle, fashion and elegance. The historic center of Milan is a succession of refined and prestigious wonders. The price per square meter of homes in central Milan reflects this exclusivity with average prices above 10,000 euros, the highest in the city.
Garibaldi – Moscova – Porta Nuova
The neighborhood around Porta Nuova has become very prestigious in recent years as Milan's business center. Some of the most famous recent architectural works are located here, such as the Bosco Verticale or the Unicredit Tower. These characteristics mean that residences in Porta Nuova Milan have prices per square meter that are higher than the city average, costing around 9,300 euros.
Viale Monza – Centrale – Repubblica
Northeast of the Duomo lies the area that runs from Piazza della Repubblica to the Central Station and then extends along Viale Monza. We are still right in the center, with an apartment price per square meter in Milan that is around 6,500 euros. Going up Viale Monza, however, prices drop to around 4,400 - 4,900 euros, in neighborhoods perfectly connected by the red metro line.
Lambrate - Città Studi - Piola
We move eastward to the quadrant that includes Città Studi, Piola, and Lambrate. A constantly regenerating area, rich in cultural and artistic life and therefore highly sought-after. While Città Studi has now reached higher values, with an average of around 5,300 euros, Lambrate attracts both for its post-industrial charm and low prices, around 4,200 euros per square meter.
Porta Vittoria – Corsica – Forlanini & Mecenate
Let's stay in the eastern part of the map and move south. If you look at house prices in Milan, areas like Porta Vittoria along Viale Corsica, Forlanini, and Mecenate — undergoing strong development with the new metro — are certainly interesting as an investment, with prices hovering just above 4,000 euros per square meter.
Porta Romana & Ticinese & Corvetto & Ripamonti
The Milanese area that extends south from the center includes the neighborhoods Porta Romana and Ticinese, close to the city's symbolic places. such as the Prada Foundation and the Bar Luce, and others under renovation such as Corvetto and Ripamonti, less central but well connected by metro and tram.
The cost per square meter ranges from 4,200 euros in Ripamonti to over 7,000 in Porta Romana.
Porta Genova – Navigli – Barona
Would you like to buy a house near the Navigli and Porta Genova? They are two beautiful areas of Milan, but with their high prices per square meter - between 5,500 and 6,500 euros - they could be out of your budget. A good compromise is Barona, a green suburb, just 5 km from the Sforza Castle and with square meter valuations of around 3,800 euros.
Gallaratese – S. Siro – Forze Armate – De Angeli
Between Piazzale Brescia and Via Gallarate lies a quiet area, well connected to the center and full of greenery, especially between San Siro and Trenno. A very interesting area to buy a house in Milan, with an average price per square meter of 3,900 euros.
Sempione – Certosa – Roserio
The northwest quadrant of the Lombardy capital has undergone strong redevelopment in recent times with the development of new neighborhoods beyond Parco Sempione. From Tre Torri to Roserio, a new residential area is growing where it is still possible to find interesting real estate offers, especially around Viale Certosa.
Affori – Bicocca – Bovisa
Not far from the historic center and well connected by bus, tram and metro, the northern part of Milan which includes Affori, Bicocca and Bovisa attracts especially young couples for the offer of trendy clubs and restaurants and for the valuations lower than the center between 3,000 and 3,600 euros.
House prices on the outskirts of Milan
Moving outside the urban limits of Milan is the best solution to find interesting real estate offers. The Lombard capital covers a rather small area for such a metropolis, and has a network of public services that allows you to reach the center in less than half an hour from practically every corner of the city.
North-West Suburbs
In this area we find Baggio, Quinto Romano, Muggiano, Olmi and Bisceglie, ideal solutions for living at a different pace from the frenzy of the metropolis. With values that hover around 2,400-2,500 euros per square meter, this area is well below the average house prices in Milan.
Northeast Suburbs
To the northeast, we find the Precotto, Turro, and Greco neighborhoods, suitable for those looking for a quiet residential area with prices around 3,800 euros per square meter. If you move a little further away From the center in that direction you arrive at Sesto San Giovanni, a town of 80,000 inhabitants 20 minutes by subway from the Duomo.
Southwest Suburbs
Southwest of Milan, Corsico has a timeless atmosphere thanks to the Naviglio that crosses it and the large green spaces a few kilometers away. Here, average prices per square meter are around 3,000 euros.
South-East Suburbs
Santa Giulia, newly built, technologically advanced and eco-friendly, is one of the most interesting neighborhoods in Milan to buy a house.
With our overview of prices per square meter in the areas of Milan, we hope we've helped you get an idea of the Milanese real estate market. To find the best home for your needs, we await you on our platform with dozens of listings selected for you.
