/

Milan: in 2018 H1 increase in rental contracts concerning the most popular areas of the city

Posted: 8 October 2018

Milan is the city with the lowest average residential surface for sale and for rent: 84 sqm in 2017 against 109 sqm of Italy on average for sales; 70 sqm against 86 sqm of Italy on average for rent. The rental market proved to be highly dynamic in 2017.

The new recorded leasing is more than 43.000 units, with a 7% turnover index for a total leased area of more than 3 million sqm. In 2018 H1 there was an increase in rental contracts concerning the most popular areas of the city.

Moreover, foreign demand has increased, mainly involving Brexiters and foreign citizens applying for flat tax framework, in particular French, Chinese and Asian tenants, according to the 2nd Market Report edited by Engel & Völkers, with the collaboration and scientific support of Nomisma.