Trends in the Italian real estate market
According to the report Italy Residential biannual snapshot May 2021 (JLL), buyers are actively investing in residential properties in northern Italy, particularly in Milan but also in Rome. In the last two years, the volume of financial transactions for the purchase of private residences in Italy, both by domestic and international buyers, has reached EUR 210 million.
Milan: leader for growth in the residential property market
Milan leads in buying activity: 13,000 sales transactions were recorded in 2021, a growth of 31%.
In the centre of Milan, a square metre of residential property can fetch up to EUR 8,900, while the average value for the metropolis is around EUR 4,000 per square metre.
Renovation and redevelopment projects in certain areas of the fashion capital have become a catalyst for growth in the residential property market. Buyers paid particular attention to development and improvement projects in areas such as San Siro, Porta Romana, Santa Giulia, Parco Adriano and Roncaglia, Villoresi and Trivulzio.
Rome: the increase in demand from buyers continues unabated
Traditionally, properties in the central districts of the Italian capital are the most sought-after. The cost per square metre of a prestigious property reaches the level of EUR 7,000. In the first quarter of 2021, the number of transactions increased by 42%.
IB International Real Estate opens a new office in Milan
Our Agency is expanding its office network for the convenience of our customers. We are strengthening our presence in Milan and the Lombardy region, as well as our offer of prestigious properties in lake areas.
We are pleased to offer exclusive penthouses and flats in the central districts of Milan and luxury villas on Lake Garda and Lake Como.
