If there is one sector that knows no crisis, it is the luxury sector, and luxury residences in Milan are a shining example. In 2021, at the height of the pandemic, luxury homes in the Lombard capital saw a 2.1 per cent growth in prices, according to the Vincenzo Monti Prestige agency.
The Milanese residential property market, according to the estimates of the "Vincenzo Monti Prestige Prime Residential 2021", is expected to close 2021 with a growth of more than 27,000 total sales between used and new homes, equal to +26.7% on 2020 and +4.5% on 2019.
Luxury properties in the centre of Milan in 2022
"Prime" properties in the Historic Centre of Milan marked an increase in exchanges of 28.1% compared to the previous year and +2.9% compared to 2019, with a total of 524 transactions (estimate made on data provided by the OMI of the Italian Revenue Agency).
The turnover of the Milanese luxury market, on the other hand, recorded a volume of exchanges at the end of 2021 of approximately €867 million (+30.8% compared to 2020). The average price for luxury homes calculated on the transactions carried out was €10,950 per square metre, referring to newly built or fully refurbished products. Compared to 2020, there has therefore been an increase in average values of 2.1 percentage points. Compared to last year, the supply of homes for sale has increased slightly (+1.6%) and represents just over ten per cent of the total for the entire city. Selling times have been reduced compared to last year and also compared to 2019, when they were over 4 months. Today, transactions are concluded on average after around one hundred days of negotiations.
The forecasts for 2022 are all positive, with trade and turnover increasing, against a new slight increase in prices, not exceeding the expected rate of inflation.
The most popular luxury homes in Milan
The Milanese are looking for a luxury home in a high-rise location, with three or four bedrooms and a study, possibly in an iconic building designed by an archistar. After the break of 2020, the demand for "vertical Milan" is resurfacing strongly: the Velasca Tower, the Gronchi Skyscrapers in Via Vincenzo Monti - L.go V Alpini, the Tower designed by Vico Magistretti in Via Revere, the Towers in P.za Piemonte, or, more recently, the Hadid buildings in CityLife or the Bosco Verticale and the Solaria Tower in Porta Nuova.
Moreover, these buildings are able to generate returns that are at least two or three percentage points higher than other properties in the same area and are therefore the most sought-after by private investors.
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The buying process for luxury properties in Italy
Italy is renowned for its captivating landscapes, rich cultural heritage, and luxurious lifestyle. If you’re considering purchasing a luxury property in this stunning country, the process may seem daunting, but with the right knowledge and guidance, it can be a smooth and exciting journey. In this article, we will walk you through the essential steps of the buying process for luxury properties in Italy, from understanding the market to finalising the deal.
Castello Thomson: a rare opportunity to own a historic Lake Como castle for €9,995,000
Situated in the prestigious Carate Urio, Castello Thomson is a one-of-a-kind property that perfectly blends history with luxury. Originally built atop a 9th-century tower, this extraordinary estate has been transformed into a magnificent residence by the renowned Venetian architect Tobia Scarpa. For those seeking the ultimate in exclusivity, the property on the market for €9,995,000 and listed on idealista offers an unparalleled opportunity to own a historic castle overlooking the stunning Lak
Big spenders from abroad favour villas in Italy (especially on Lake Como or in Tuscany)
In some of Italy’s most exclusive areas, the majority of demand for luxury villas or apartments (with average prices exceeding one and a half million euros) comes from foreign buyers. This is revealed by a report from idealista/data, which also highlights that the top 10 most sought-after locations among wealthy buyers worldwide for single-family homes consist solely of towns in Tuscany or on Lake Como.
Luxury in Italy: "Foreign investors continue to see Italy as a safe and prestigious destination"
On the other side of the property market—closely linked to credit and its uncertainties—the luxury real estate sector continues to thrive, showing no signs of slowing down even this year. But why? What drives the dynamics of such a complex segment?
The most sought-after ski resorts in Italy for luxury real estate
The charm of the mountains and luxury ski resorts continues to attract the attention of international investors. According to the Ski Report 2025 by Berkshire Hathaway HomeServices, the stunning landscapes of Northern Italy are once again in the spotlight, having seen a significant rise in the value of luxury real estate in mountain resorts and lakeside areas, driven by steadily growing demand.
Exclusive modern villa with Lake Garda views in Torri del Benaco
Nestled in the scenic hills of Torri del Benaco, this extraordinary modern villa offers an unparalleled blend of luxury, comfort, and breathtaking views of Lake Garda. Priced at €3,000,000, this property stands out as a true masterpiece for those seeking refined living in one of Italy’s most enchanting regions.