Luxury real estate Milan: investing in luxury homes in Italy's most international city
Anyone looking for prestigious properties Milan he has a clear concept that luxury is sometimes a necessity.
The search for prestigious apartments in Milan knows no crisis.
Representative residences, whether they are houses, apartments or offices, are considered by experts in the luxury estate sector to be a safe investment.
But let's first try to understand together when we are dealing with a prestigious property.
Definition of luxury properties
To be defined as a luxury home, it must meet very specific criteria, set by the Decree Ministerial of 2 August 1969 n. 1072. The following are considered luxury properties:
- Homes intended for villas, private parks
- Single family homes
- Houses with a volume exceeding 2.000 mXNUMX
- Single-family homes with swimming pool or tennis court
- Master accommodation
- Real estate unit with a surface area greater than 240 mXNUMX
- Residential buildings
Surfaces, terraces and balconies, service stairs, heights and finishes help define a luxury property.
With the sentence of 18 September 2013, n. 21287 and the subsequent Ordinance no. 23507 of 4 November 2014, the Court of Cassation further defined the notion of luxury home.
The need for clarity originated from the numerous controversies regarding the first home benefits in matters of registration tax and mortgage taxes.
In fact, prestigious properties are excluded.
Real estate units for residential use, which fall within the following cadastral categories, are excluded from any concession:
A / 1 (stately type homes),
A / 8 (dwellings in villas),
A / 9 (castles, palaces of eminent artistic or historical value).
Luxury real estate Milan: where to buy
Having made this point clear, those looking for a prestigious property in Milan will have to refer to a so-called niche real estate market, relying on serious and competent professionals who also know how to suggest the most sought-after neighborhoods in which to make the investment.
- CityLife
The draft CityLife it began in 2007, with the aim of creating a new highly impacting urban face, thanks to three large skyscrapers.
The desire to develop a new green area thanks to the presence of a large park, the third largest in Milan after Parco Sempione and the Public Gardens, also went hand in hand.
The area includes the space of the old Trade Fair and the redevelopment project involved some of the most famous architects in the world, Daniel Libeskind and Arata Isozaki, to name a few.
Citylife, served by the Lilla metro, is also the largest pedestrian area in Milan: leisure corners, walks amidst greenery and architecture, amidst colors and avant-garde materials.
The new residential buildings in this area with an international flavor are futuristic and combine to classify the entire new area as the most designer in the city, by far the most coveted and chic neighborhood for the present and for the future.
It is precisely in CityLife that the couple Fedez and Ferragni has purchased a super-penthouse in the Libeskind Residences, a property of almost 300 square meters with an exclusive view of the Buenos Aires of Milan.
- Island / Porta Nuova
Located outside the ancient Porta Garibaldi, today the Isola is one of the most beautiful districts of Milan and precisely from an urban-architectural point of view it reveals some of the most notable examples of Milanese rationalism.
In the district are located Piazza Gae Aulenti with the modern Unicredit Tower and the famous Bosco Verticale, a series of buildings with terraces covered with more than 900 tree species.
The Isola neighborhood, also called the New York in miniature, it was also chosen to live there by many celebrities and soccer players: Ivan Perisic, Felipe Melo and the rapper Lorenzo Carvalho live here, as well as Gaia Trussardi.
The adjacent Porta Nuova area represents a way of life with an international flavor without losing the link with Milanese traditions and identity.
A multifaceted residential district, with urban villas, courtyard buildings, townhomes and tall buildings: here the player Icardi has also recently purchased an amazing penthouse worth 5 million euros.
- Brera
Located in the historic center of Milan, it is the flagship of the city.
It is the bohemian neighborhood, lived by artists and lovers of beauty in the broadest sense. It is also home to the Palazzo di Brera, the Pinacoteca, the Botanical Garden, the Astronomical Museum and the Academy of Fine Arts.
- The fashion quadrilateral
It is bordered by four prestigious streets: via Montenapoleone, via Manzoni, via della Spiga and Corso Venezia. It is the district of elegant streets and luxury boutiques.
But "not only fashion" one might say, because the area is also interesting from a cultural point of view. It is in fact home to museums such as the Bagatti Valsecchi and Palazzo Morando, home to the museum dedicated to costume, fashion and image.
- Tortona
Located after the old iron bridge of the Porta Genova station, in the former working-class district close to the railway, it is a symbol of design and fashion.
It is therefore one of the main "Fashion districts" of the city.
The Museum of Cultures is also home to the MUDEC, and is an area full of exhibition halls, photography studios and art laboratories.
- The canals
This is the Darsena area, the port of Milan adjacent to Piazza XXIV Maggio, and the streets that line the Naviglio Grande and Naviglio Pavese.
This area is now considered one of the most "in" places to live. The district is home to craft shops, markets and art galleries and in the immediate vicinity there is the famous Church of Sant'Ambrogio.
In the evening, the Navigli are a real show when the lights of the most chic clubs in the city light it up for celebration.
Those who choose to invest in a prestigious property in Milan are not buying a dream but the certainty of an investment destined to increase its value.
The luxury market in Milan knows no crisis and confirms the positive trends.
High-end properties, especially in economically thriving cities like Milan, remain an essential investment for those who want to diversify their investments.
It will be a great deal to buy a luxury home in Milan, because it is the only truly international city in Italy.
Making a profit when you don't intend to make it a permanent place of business is an intelligent and economically relevant choice.
A segment of short-term rentals considers high-end or very high-level apartments, selecting prestigious homes to make them available for short-term rentals.
Apartments and villas in Milan, which stand out for their location, quality and design, are increasingly in demand by tourists from all over the world,
Putting a luxury apartment on income is a smart choice and allows you to cover at least part of the management costs of prestigious residences.
Just think that a loft in the Cordusio area can cost up to 1000 euros a day and the apartments in the Bosco Verticale are already the subject of great demand from a more spending and demanding tourism.
The owners of prestigious properties in Milan, who opt to allocate their historic and prestigious homes to short-term rentals, can count on the exclusive management of their properties by serious and specialized companies such as CleanBnB who will relieve them of any task and will take care of allocating them to a selected clientele.
