Kering purchased the property in via Montenapoleone 8 from Blackstone Property Partners Europe for 1.3 billion, a record price for a single transaction in Italy.
The property consists of 5 mixed-use floors above ground for a total gross surface area of approximately 11,800 m2, including 5000 m2 of retail spaces which make the propert...
Luxury real estate market in Milan: what developments for 2024?
04.03.2024
IThe luxury real estate market in Milan, after the strong expansion of 2022, is stabilising. During 2023, in fact, it suffered a slight decline, -6.2%, compared to last year and a total of 455 transactions, according to research conducted by real estate.it.
This is due to various factors, which also determine the increase in prices, such as the smaller quantity of houses available, the fact that the properties with the best characteristics - high floor, condominium services, presence of terraces and gardens - have already been purchased and the choice of some owners to rent them instead of selling them.
Penthouses and penthouses with terraces in period buildings of great charm have always remained the most requested typologies. At the same time, in recent years, with the boom in new buildings in the city, the demand for properties that offer a series of amenities that increase their attractiveness and value has increased. Furthermore, the ever-increasing sensitivity towards environmental issues has meant that highly energy efficient properties are increasingly in demand.
But what are the most popular areas or neighborhoods at the moment?
Customers are often looking for homes near green areas; therefore, the question is aimed at the areas around the main city parks such as Porta Venezia, Castello/Foro Bonaparte, Brera, City Life.
Among the challenges that the Milanese real estate market holds, there is certainly that of satisfying an increasingly demanding demand, both in search of the ideal property and in the services offered. The TargetHouse® team is the perfect ally to accompany you throughout the entire journey: from the initial research to the negotiation and sale phase, up to the renovation, if necessary. Whether you are a private individual or a company, our goal is to guarantee you access to the best real estate opportunities in Milan and support you until the negotiation is concluded.
This is due to various factors, which also determine the increase in prices, such as the smaller quantity of houses available, the fact that the properties with the best characteristics - high floor, condominium services, presence of terraces and gardens - have already been purchased and the choice of some owners to rent them instead of selling them.
Penthouses and penthouses with terraces in period buildings of great charm have always remained the most requested typologies. At the same time, in recent years, with the boom in new buildings in the city, the demand for properties that offer a series of amenities that increase their attractiveness and value has increased. Furthermore, the ever-increasing sensitivity towards environmental issues has meant that highly energy efficient properties are increasingly in demand.
But what are the most popular areas or neighborhoods at the moment?
Customers are often looking for homes near green areas; therefore, the question is aimed at the areas around the main city parks such as Porta Venezia, Castello/Foro Bonaparte, Brera, City Life.
Among the challenges that the Milanese real estate market holds, there is certainly that of satisfying an increasingly demanding demand, both in search of the ideal property and in the services offered. The TargetHouse® team is the perfect ally to accompany you throughout the entire journey: from the initial research to the negotiation and sale phase, up to the renovation, if necessary. Whether you are a private individual or a company, our goal is to guarantee you access to the best real estate opportunities in Milan and support you until the negotiation is concluded.
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Luxury knows no crisis. In a slowing real estate market, the luxury brick segment continued to run in the second half of 2023, achieving new records in terms of prices. This is what emerged from the latest report from a well-known real estate group with the scientific support of Nomisma according to which both in Milan and Rome the demand for luxur...
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