Trends in the Italian real estate market
According to the report Italy Residential Biannual Snapshot May 2021 (JLL), buyers are actively investing in residential real estate in the north of Italy, especially in Milan but also in Rome. Over the past two years, the volume of financial transactions for the purchase of real estate as a private residence in Italy, both by domestic and international buyers, has reached 210 million euros.
Milan: leader in activity and growth in the residential real estate market
Taking the lead in buying activity, 13,000 sales transactions were registered in Milan during 2021 up by 31%.
In the center of Milan, a square meter of residential real estate can reach 8,900 euros while the average value for the metropolis is about 4,000 euros per square meter.
Projects for renovation and requalification of certain areas of the fashion capital have become a catalyst for the growth of the residential real estate market. Buyers paid special attention to projects for development and improvement in areas such as San Siro, Porta Romana, Santa Giulia, Parco Adriano e Roncaglia, Villoresi, Trivulzio.
Rome: homebuyer activity continues unabated
Traditionally, real estate in the central quarters of the Italian capital is in greatest demand. The cost per square meter of luxury real estate reaches the level of 7,000 euros. 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 network of offices for the convenience of our clients. We’re strengthening our presence in Milan and the Lombardy region as well as our offerings of prestigious properties in the lakes regions.
We are pleased to offer exclusive penthouses and apartments in the central districts of Milan and luxury villas on the lakes Garda and Como.