Why is it worth investing in real estate in Milan?
To make a successful real estate investment you have to follow a path step by step making caution all essential elements to achieve a good gain, with the minimum risk, without ever encounter unpleasant surprises.
Today I want to talk to the real estate market Milano and share with you some thoughts on why should invest in this city, and how the current data tell us that do it now It can be even more beneficial.
The real estate industry is rebounding
Come sai, Italy has gone through a very turbulent period for years for the housing market, with prices continuing to fall and scanned down.
Finally, But, we can begin to talk of a turnaround: the recovery in the housing sector is in place and statistics show us that the 2016 was the year of confirmation of ascent began in 2014, continues in 2017.
This positive trend is dictated by some favorable factors:
- the low house prices;
- lower rates on mortgages;
- increase in trade houses.
L’increase of the trades real estate is obviously a consequence of the above factors: i low prices e i lower rates on mortgages invite people to act in this specific historical moment, buying at a cheaper price and turning on a mortgage with a lower interest rate.
They are all favorable trends that tell you why now should invest in property in Italy.
This positive picture Milano is giving significant signs of recovery: National Statistics in fact show the best performance in the North, with a growth around the 25%, and excellent results for Milan, that in the second quarter of 2016 He scored a +29,7% in the residential segment.
Purchasing and rising rents
In 2016 the demand for real estate Milan is significantly increased and you can be seen especially in town center and in the most important areas. Between most dynamic areas There are those close to universities, come Navigli e Porta Romana, high commercial value areas where you can make good investments.
save a example of short-term property investment we did make to our customer's Navigli neighborhood with a gain of 10%.
Between more requests of housing in Milan there is always the two-room, a choice that in our operations has proved profitable, and now even the biggest cuts begin to be quite sought after by buyers.
Also on the market leases offer positive signals, especially if you want to invest by buying the house to put it in income: i rents lease are increasing, especially their own way to the apartments.
favorable price trend
The housing crisis has naturally manifested also in Milan, but in the most important areas prices have not been affected by the collapse that there was instead in the suburbs and in small towns.
In 2016 prices have stabilized and in some areas have even recorded a slight increase, such as at the center in the area Vittorio Emanuele-S.Babila (+0,4%). This data, that characterizes particularly Milan, He has led some experts to estimate a possible restart prices to town in 2017.
Read the report of the Chamber of Commerce on’price trends in Milan
Milan is still a city where prices per square meter of real estate are among the highest in Italy. Furthermore, It is a very large metropolis, you can find areas and neighborhoods that could have different trends between them both prices that for the typology Real estate.
To buy a house in Milan must then ponder very well Your choice if you want to ensure a profitable deal. The choice of area in which to invest it is undoubtedly the crucial first step to start a real estate transaction that will bring the interesting results.
Foreigners invest in Milan
Milan is a very desirable destination for foreign property investors and this year has confirmed the trend: It rose from 12 ° to '8th in European ranking 2016 of the best cities in which invest in property.
According to this survey, in terms of growth investment and volume capital invested Milano even it turns out to second place. Also in Milan continue to invest sovereign wealth funds like those of the State of Qatar, the United Arab Emirates and the Republic of Singapore.
A metropolis always growing
Milan is the Italian city that more than any other has developed rapidly and continues to do so, especially on town plan. These improvements usually result in a raising of the life quality and have positive effects on the housing market with a increase of the demand.
Milano is undoubtedly the economic center Italy and in the after-Brexit is likely to become even in Europe. It's a metropolis alive and productive in economic terms, business and cultural, where a immobile is always a good investment if you have done in the right way.
