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Milan: the demand for prime houses with high performances and excellent location is growing

Posted: 5 March 2019

Over 2018’s first nine months, the trading volume in Milan’s market amounted to 17,444 transactions, a 1.1% increase on an annual basis.

The forecast for the year’s last figures is about 24,000 transactions. Milan’s sales market recorded an increase in demand and contracts, with a stationary real estate supply.

Not only the demand for primary residential properties and for primary residential properties replacement is growing, but also the one for investment.

Outside the Historic City Centre, demand favours properties with a good connection the public transports in general and with good neighbourhood services.

Foreign demand is increasing: Chinese citizens seek more central areas, while Brexiters confirm their interest for the Magenta/Brera area or other prime areas of the city.

On the rentals side the strong demand for high-quality properties is not met with a sufficient supply. The most frequent profiles are professionals.