The Most In-Demand Suburbs of Milan Revealed
Milan, as one of Italy's most beautiful and fashionable cities, has always attracted attention from both tourists and those looking to settle in this remarkable place. However, recent research shows that the suburbs of Milan have become...
The Most In-Demand Suburbs of Milan Revealed
Milan, as one of Italy's most beautiful and fashionable cities, has always attracted attention from both tourists and those looking to settle in this remarkable place. However, recent research shows that the suburbs of Milan have become increasingly sought after, attracting both investors and those seeking long-term housing in this region. Why is this happening? Let's delve into it.
Market Analysis
Analysts at Casa.it, one of the leading real estate portals in Italy, conducted an analysis of search queries for buying and renting properties in the Milan area for the first 8 months of 2023. By comparing the average price of a three-bedroom apartment in these locations in September 2023, experts came to some astonishing findings.
Impressive Price Differences
According to the research data, the price difference for real estate in the suburbs of Milan compared to the city itself is staggering. The average cost of a three-bedroom apartment in Milan is approximately €503.6 thousand. However, in the suburbs, property prices are on average 58% lower.
The Most Affordable Municipalities
Let's take a look at some of the most affordable municipalities in the province of Milan for purchasing three-bedroom apartments:
1. Calvignasco - €75 thousand
2. San Colombano al Lambro - €84 thousand
3. Buscate - €102 thousand
4. Turbigo - €105 thousand
5. Besate - €109 thousand
6. Castano Primo - €116 thousand
7. Boffalora sopra Ticino - €117 thousand
8. Casarile - €121 thousand
9. Ozzero - €127 thousand
10. Bernate Ticino - €129 thousand
These places offer excellent opportunities for those looking to purchase affordable housing.
Popular Queries
Among the most popular queries in the most sought-after suburbs of Milan, the following price ranges stand out:
1. From €100-200 thousand
2. From €200-300 thousand
3. From €50-100 thousand
This indicates that many buyers are looking for properties in these price segments in the suburbs of Milan.
Rental Housing
As for rental housing, searches were mainly focused on offers with monthly rents:
1. €400-600 per month
2. €600-800 per month
3. €800-1000 per month
This suggests that renters are also finding optimal price and quality offers in the suburbs of Milan.