Real estate market in Milan, the increases of 2022: prices rise in NoLo, they fall in Palestro

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What will the Milan real estate market look like in 2022, which is about to take off? Immobiliare.it has carried out an analysis on the 11 main Italian cities to predict the evolution of prices per square meter in the new year. While some large centers see their prices fall, others will continue to experience an upward phase: in particular, Milan will experience further growth of 4.2% by the end of 2022. It is Immobiliare Insights, specialized in analysis and market studies, for having developed an algorithm with a low margin of error which makes it possible to have price projections for the next twelve months. In absolute terms, Milan will remain the most expensive city in Italy, with a price per square meter that will reach 5,107 euros.

“As we immediately predicted during the outbreak of the pandemic, costs have been maintained and the new centrality of the house has given the market a big boost – explains Carlo Giordano, CEO of Immobiliare.it – Projections confirm this trend which will continue throughout the year 2022, except in the event of unforeseeable events that could impact the economy and the consequences of which cannot be known in advance ”.

But which are the most expensive neighborhoods in Milan? The NoLo area (acronym for North of Loreto), which has experienced intense gentrification in recent years, will be one of those that will experience a greater price increase in 2022: the areas of Turro, Cimiano and Pasteur which make it in In fact, some will experience an increase in the price per square meter of 8.4%, 7.7% and 7.6% respectively. The southern area of ​​Milan is also doing very well, with Corvetto gaining 8.9 percentage points and Abbiategrasso-Chiesa Rossa seeing the value of prizes increase by 7.6%. Viale Certosa is also attractive for possible investments, at + 7.9%. Most of the districts of the Lombard capital will experience growth in 2022. The only ones with a minus sign will be the Palestro district which will end the year at -2.9% and the Maggiolina district, which will lose 2.4 percentage points.

Here is the forecast district by district, with current values, forecast and delta:

  • Corvetto, Rogoredo – 3,475 € – 3,783 € – 8.9%
  • Part-baked, Turro – € 3.591 – € 3.894 – 8.4%
  • Viale Certosa, Cascina Merlata – 3.448 € – 3.720 € – 7.9%
  • Cimiano, Crescenzago, Adriano – € 3.062 – € 3.299 – 7.7%
  • Abbiategrasso, Red Church – € 3,795 – € 4,084 – 7.6%
  • Pastor, Rovereto – € 4,085 – € 4,394 – 7.6%
  • Bicocca, Niguarda – € 3.264 – € 3.510 – 7.5%
  • Udine, Lambrate – € 3,731 – € 3,974 – 6.5%
  • Porta Vittoria, Lodi – € 4,422 – € 4,693 – 6.1%
  • Naples, Soderini – € 4,818 – € 5,094 – 5.7%
  • San Siro, Trenno – 3.427 – € 3.588 € – 4.7%
  • Central, Republic – € 5,942 – € 6,212 4.5%
  • Solari, Washington – € 6,311 – € 6,595 – 4.5%
  • Bisceglie, Baggio, Olmi – € 2,476 – € 2,583 – 4.3%
  • Porta Venezia, Independence € 6,653 € 6,912 3.9%
  • Arco della Pace, Arena, Pagano – € 7,934 – € 8,232 – 3.8%
  • Affori, Bovisa – € 3,072 – € 3,186 – 3.7%
  • Fiera, Sempione, City Life, Portello – € 6,030 – € 6,249 – 3.6%
  • Ponte Lambro, Santa Giulia – 2.646 – € 2.741 € – 3.6%
  • Porta Romana, Cadore, Montenero – € 6,233 – € 6,455 – 3.6%
  • Navigli – 5,788 € – 5,976 € – 3.2%
  • Famagusta, Barona – € 3,690 – € 3,807 – 3.2%
  • Black stripes, deceptions – € 4,066 – € 4,177 – 2.7%
  • Center – € 9,395 – € 9,617 – 2.4%
  • Forlanini – € 2,734 – € 2,789 – 2.0%
  • Ripamonti, Vigentino – € 3,960 – € 4,035 – 1.9%
  • Città Studi, Susa – € 4,881 – € 4,967 – 1.8%
  • Genoa, Ticino – € 7,356 – € 7,469 – 1.5%
  • Cenisio, Sarpi, Isola – € 5,744 – € 5,828 – 1.5%
  • Garibaldi, Moscova, Porta Nuova – € 8,464 – € 8,532 – 0.8%
  • Maggiolina, Istria – € 4.382 – € 4.276 – -2.4%
  • Quadronno, Palestro, Guastalla – € 7,642 – € 7,422 – -2.9%

“Being able to forecast the evolution of brick costs in the medium term is now essential both for those who work in the sector and for those who plan to invest in housing. Thanks to the use of technology and Big Data at our disposal, we have succeeded for the first time in publishing our projections for the new year, an important milestone resulting from months of work and testing, ”concludes Giordano.

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