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Sigest: housing shortage in Milan in four years

11 November, Euromilano

Sigest reports that the offer for residential properties in Milan has been gradually reducing and that the new developments might not be enough to meet the steady demand.

According to the study, a solution might be starting building in the semi-central areas of the city, offering the same quality properties that proved to be very appreciated in the city centre. This would lead to a virtuous cycle that will improve the housing conditions also in the outer neighbourhoods.

Milan is the main Italian residential market and one of the most interesting markets in Europe. In order to cope with the upcoming changes, it will be crucial for Milan to become a “polycentric city”.

Source: Euromilano

Translator:  Cristina Ambrosi

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