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Residential transactions expected to return to pre-pandemic values in Milan

24 August, Il Sole 24 Ore

The Milan residential market is expected to recoup what had lost during the pandemic very soon. Meanwhile, the Revenue Agency reported 4,936 transactions, the lowest result in the last five quarters. Fimaa forecasted decreasing transactions set between 20% and 25% compared to 2019. It will likely take three or two years to return to the same values as 2019, while investment purchases in Milan sank by 20%. Nomisma reported a slight decrease in prices (-0.4% over six months) and a sharper reduction for rents (-0.9%).

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi