Milan's real estate market: Abbiategrasso and Chiesa Rossa are the neighborhoods with the highest sales, while prices per square meter are rising the most in Viale Certosa and Cascina Merlata.

Press release
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• • The price of a two-room apartment in the city center is €390,000
  • In the center, the price per square meter of newly renovated properties is €7,109
  • Casavo has been making life easier for 5 years of those who sell and buy a house in Milan: the economic value of transactions in the city has exceeded 421 million euros
  Milan, 30 May 2023 – The Milan real estate market is always proving to be in turmoil and receptive from the point of view of innovation applied to Real Estate, it is no coincidence that it is precisely from the Lombard capital that , the digital platform that matches the needs of those who sell a house with the desires of those who buy, began its journey of digital revolution in the real estate sector exactly five years ago. Neighborhoods: the top three for sales and greatest price growth Casavo's expertise in Milan and the use of technology allow the company to develop accurate evaluations and recognize trends and peculiarities of the different neighborhoods: according to the data processing carried out by Casavo, the neighborhoods with the greatest growth in terms of number of The most popular sales are Abbiategrasso and Chiesa Rossa (+5%), followed by Corvetto and Rogoredo (+4.3%) and the Porta Venezia and Indipendenza districts (+4%) on the last step of the podium. The ranking changes if we take into consideration the greater growth in terms of price per square meter: in this case, the Viale Certosa and Cascina Merlata districts are in first place (+62%), followed by Corvetto and Rogoredo (+51%) and Precotto and Turro (48%). “The growth in demand in the peripheral areas is the result of the redevelopment of the urban fabric which is linked to the simultaneous difficulty of purchasing in the central areas, due to ever-increasing values per square meter and mortgage interest rates” comments Massimiliano Graziosi, City Manager Milan of Casavo “Milan is under the spotlight as regards prices and we are aware that it is a challenge to always offer units housing in excellent condition. At Casavo, we have always worked with our partners to offer turnkey solutions ready to move into and in line with today's housing needs, especially those of our younger customers. Prices: for a two-room apartment, the price doubles from the outskirts to the city center According to Casavo data history, in the Lombardy capital, the price of a two-room apartment on the outskirts is €190,000 and rises to €310,000 in the semi-center and €390,000 in the city center. If a three-room apartment in the center is preferred to a two-room apartment, the buyer will have to consider spending €277,500 more to have an extra room. The transaction certainly becomes more convenient if the same choice is considered for a three-room apartment in the suburbs, where the increase reaches "only" €95,000 to have more space. Renovated houses: in the center the value increases by 18% In addition to location, services and square meters quadri, the value of a property is closely linked to its level of renovation, and the data proves it. In the city center, the value of a renovated property increases by 18% compared to an unrenovated one, and the percentage rises to 26% if properties located on the outskirts are considered. Thanks to daily work in collaboration with local renovation companies, Casavo has been able to renovate 43,580 square meters in five years, a significant added value for the city in terms of urban redevelopment. Casavo's milestones in five years in Milan Casavo has developed a next-generation digital platform that allows it to match the needs of those selling a home with the desires of those buying a home. All anyone who wants to sell a home has to do is go to the Casavo website or download the app and complete a few steps, starting with the property valuation and ending with choosing a buyer. The seller can choose directly from the app whether to sell to one of the buyers selected by the Casavo algorithm (thus maximizing the sale price), or directly to Casavo (thus obtaining 100% liquidity in a few days). For buyers, the Casavo platform offers a wide range of verified listings, both from Casavo homes and those brokered by partner agencies. Casavo makes home buyers' lives easier with a series of complementary services, including Casavo Mortgages, which handles all the necessary documentation and liaises daily with the chosen banking institution up to the notary deed. In just five years, Casavo has completed 1,300 transactions in Milan, for a total value exceeding 421 million euros. The activity that Casavo carries out in the Milan area involves the 286 real estate agencies with which the company collaborates continuously through an inclusive model, generating an economic value of 15 million euros. Added to these are the 29.3 million euros of economic value generated for the 31 local renovation partner companies. 5 curiosities about Casavo in Milan
  1. First acquisition: a five-room apartment on Via Ponchielli, in the Buenos Aires district
  2. First apartment sold: a two-room apartment on Via del Castagno, Corvetto district
  3. Fastest sale: 28 days from the publication of the advertisement to the notarial deed for a three-room apartment of 68 square meters in Piazza Napoli
  4. Record transaction: 3 million euros for a property on Via delle Asole, Duomo area
  5. District with the highest number of Casavo customers: Città Studi Susa
  Methodological note: the prices indicated in the press release refer to the median. The data refers to Revenue Agency transactions for which a match was found with a listing present on a listing platform. The extraction considers transactions in the two periods June 2019 - May 2020 and June 2021 - May 2022. The distinctions between Center, Semi-Center, and Periphery refer to the classification of the Real Estate Market Observatory developed by the Revenue Agency.