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Real Estate in Milan, Italy | Expat Exchange
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Milan, Italy

Real Estate in Milan, Italy

By Betsy Burlingame

Last updated on Jun 07, 2023

Summary: The average cost of a nice 2 bedroom home in Milan, Italy is around €400,000, while a nice 3 bedroom home can cost around €500,000. These properties typically include modern amenities such as air conditioning, central heating, and high-end appliances. Some may also include a balcony or terrace. Foreigners are allowed to purchase property in Milan, but there are certain restrictions. For example, foreigners must obtain a permit from the Italian government before they can purchase a property. When searching for a home to buy in Milan, an expat should consider their budget, desired location, and amenities. It is also important to research the local market and consult with a real estate agent. The most desirable neighborhoods in Milan include Brera, Navigli, and Porta Romana. These areas are known for their vibrant culture, excellent restaurants, and easy access to public transportation.

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How do I find a place to live in Milan?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a suitable place to live in Milan can be a daunting task, but the following tips should help you in your search: -Research online for rental listings in Milan: there are plenty of websites and online databases with a large selection of listings in various neighbourhoods. Short-term rentals might also be available. -Visit the neighbourhood you are interested in living in: this is a great way to get an idea of the local amenities, services and activities on offer, as well as to get a better sense of the atmosphere of the area. -Visit a few properties: it is important to make sure the home meets your requirements before you sign a contract. -Check the lease agreement carefully: check the term of the contract and make sure you understand all the conditions. -Be prepared to act quickly: the demand for rental properties in Milan is high and a good property won’t be available for long," explained one person living in Milan, Italy.

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What is a typical expat home or apartment like in Milan?

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Milan, Italy

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