Investing in property: Milan beats Rome
12 June, Il Sole 24 Ore
According to Facile.it and Mutui.it, Rome and Milan are the most sought-after Italian cities when it comes to investing in property, representing 26% of the total mortgage applications.
In 2018, Milan surpassed Rome with 14% of the applications, while these decreased in Rome from 14.6% to 12.1%. This is mainly due to the important requalification projects involving Milan, plus the considerable presence of non-resident investors (33%).
Rome remains the most expensive city, with loaned amounts averaging 148,331 euro to buy a house costing on average 235,514 euro. On the other hand, the average loaned amounts in Milan are equal to 143,157 for properties costing around 219,063 euro.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi