Milan Apartment Prices Jump 3.8% as Central Districts Lead Growth

Milan residential prices advanced 3.8 percent in the three months to June compared with the same stretch in 2025, according to transaction data compiled by local agencies.

The increase arrives as the fashion sector continues to anchor buyer demand and as interest rates have held steady since early spring. Developers and private sellers alike have adjusted asking prices upward in core zones while keeping volume steady at roughly 2,400 units sold across the city in the quarter.

Brera and Porta Nuova lead the gains

Properties along Via Brera and the adjacent streets near the Pinacoteca recorded average asking prices of 7,200 euros per square metre, up 5.1 percent from twelve months earlier. In Porta Nuova, new-build units near the Unicredit Tower traded at 6,800 euros per square metre, reflecting a 4.4 percent lift over the prior year. Both areas drew repeated interest from fashion-house executives relocating from other European capitals.

Further out, the Navigli district posted a 2.9 percent year-on-year rise, with canal-side apartments averaging 5,400 euros per square metre. The Isola neighbourhood, still benefiting from the ongoing redevelopment around the former railway yards, saw prices reach 4,900 euros per square metre, a 3.2 percent advance on the same quarter last year.

Market data and buyer patterns

City-wide averages settled at 5,100 euros per square metre in the second quarter, compared with 4,910 euros a year earlier. The strongest segment remained three-bedroom apartments between 90 and 120 square metres, which accounted for 38 percent of all sales recorded between April and June. Mortgage approvals for these units rose 11 percent month-on-month in May, according to figures from the Milan Chamber of Commerce.

Buyers who intend to enter the market before the autumn season should review listings in Brera and Porta Nuova first, then compare values in Isola before committing. Checking recent comparable sales on Via Solferino or near Piazza Gae Aulenti will give the clearest picture of current pricing levels.

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.