Milan, Italy
Property prices · 2025 · Europe · Price +4% vs 2024
Property price trend in Milan (2024–2026)
Property comparison — cities in Italy (2025)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Milan |
|---|---|---|---|---|
| Milan | EUR 7,488 | EUR 4,680 | EUR 1,560 | — |
| Rome | EUR 6,240 | EUR 3,952 | EUR 1,456 | -16.7% |
| Florence | EUR 5,720 | EUR 3,640 | EUR 1,352 | -23.6% |
| Bologna | EUR 4,992 | EUR 3,224 | EUR 1,196 | -33.3% |
| Turin | EUR 4,160 | EUR 2,704 | EUR 1,092 | -44.4% |
| Naples | EUR 3,328 | EUR 2,184 | EUR 936 | -55.6% |
Other Europe cities (2025)
Frequently asked questions
How much does property cost in Milan in 2025?
In Milan, the average price per sqm in the city centre is EUR 7,488, and EUR 4,680 outside the centre (2025 data). Prices have risen 7% since 2024.
How much is rent in Milan in 2025?
A 1-bedroom apartment in Milan rents for approximately EUR 1,560 per month in 2025. A 3-bedroom apartment costs around EUR 2,496/month.
Is it better to buy or rent in Milan?
Renting is generally more cost-effective in Milan. The price-to-rent ratio is 21.0x — it would take approximately 21.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.70%.
What are mortgage rates in Italy in 2025?
The average mortgage rate in Italy is approximately 3.70% as of 2025. With a price-to-rent ratio of 21.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Milan changed?
Property prices in Milan have changed +4% vs 2024. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Milan?
The average property price per square metre in Milan city centre is EUR 7,488 in 2025. Outside the centre, expect to pay around EUR 4,680/sqm.