Milan Property Values Jump 3.2% Year-Over-Year to €5,160/sqm

Milan residential prices posted a 3.2 percent increase in the second quarter of 2026 against the equivalent period last year, according to fresh figures compiled by local agencies.

The modest lift arrives as international tensions keep some foreign capital on the sidelines while domestic buyers, many tied to the fashion and design sectors, continue to absorb stock in established pockets of the city. Transactions registered through the first half of the year totalled 11,400 units, down 4 percent from the same months in 2025, yet values held firm because supply remained tight in the districts buyers favour most.

Brera and Porta Nuova lead the gains

In Brera, apartments along Via Fiori Chiari and Via Brera itself traded at an average 7,800 euros per square metre, up 4.1 percent year on year. Across Porta Nuova, new and recently completed schemes around Piazza Gae Aulenti and Corso Como recorded a 3.8 percent rise, with two-bedroom units changing hands between 6,900 and 8,200 euros per square metre. Further north, the Navigli district saw values on Via Vigevano and Ripa di Porta Ticinese advance 2.9 percent, supported by steady interest from young professionals who work in the nearby design studios.

Isola and Nolo continue their climb

Isola and Nolo posted the strongest quarterly movement, with average prices reaching 5,450 euros per square metre, 3.5 percent higher than twelve months earlier. The Milan Chamber of Commerce recorded 620 sales in these two neighbourhoods during the second quarter, the highest volume outside the historic centre. Fashion-industry tenants leasing showrooms along Via Melchiorre Gioia have contributed to the upward pressure on nearby residential stock.

City-wide, the 5,160-euro average compares with 5,000 euros recorded in the same three months of 2025. Luxury segments above 8,000 euros per square metre accounted for 18 percent of deals, a share that has grown steadily since the start of the year. Mortgage rates offered by the main Milan branches of Intesa Sanpaolo and UniCredit averaged 3.15 percent in June, unchanged from March but still below the 3.45 percent level seen in July 2025.

Agents advise buyers to complete viewings before the August holiday lull and to compare recent comparable sales on Via Solferino and Via Palermo, where listings have begun to thin. Those planning to sell should prepare documentation now, as listings that hit the market in September typically achieve asking prices within six weeks when priced against the second-quarter benchmarks.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.