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All Market News: Spanish Real Estate Intelligence

Milan is the European leader for real estate, developments also outside the city centre

Milan is the European leader for real estate, developments also outside the city centre
10 April, Il Sole 24 Ore According to Scenari Immobiliari, the real estate investments in the pipeline for Milan amount to 13.1 billion euro. This outlook has a positive impact also in the residential market, where property prices are on the rise even in the suburban areas. The trend for the next ten years will be investing outside the city centre. Requalification projects will concern a 12.5 million Sq m surface, mainly focusing on residential (2.7 million Sq m), services (1.3 million Sq m), commercial (1.3 million Sq m), and public facilities (650 thousand Sq m). Source: Il Sole 24 Ore Translator: Cristina Ambrosi  
 
Abitare.Co: absorption between 70% and 90% for new houses in Milan

Abitare.Co: absorption between 70% and 90% for new houses in Milan
03 April, Il Sole 24 Ore The demand for houses in Milan increased by 9.7% in the first quarter of 2019 compared to the same period of the previous year, while property prices grew by 9.8% (10,150 euro/Sq m), reporting an absorption rate close to 90%. The western part of the city is the fastest-growing area, thanks to the requalification of Porta Nuova, Porta Volta and CityLife. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
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