Dolce Vita yesterday, today and always
Milan is facing a boom in real estate operations. All Italy is developing with its temperate pace and only Milan, as a rebellious teenager, is eager to demonstrate not only to the entire country but to the whole world how successful it is in all spheres: it is at the forefront of culture, it takes the first place in the economy and industry and finally it has a high level of technology development of “smart” cities.
Here comes the result – the demand for real estate is growing extremely fast!
Today Milan is an excellent exponent of modern Italy. Even though the parliament sits in Rome, the true power is concentrated in Milan where there are money and trade.
At present, Milan is the largest financial and economic centre of Europe, and the population of the city is 1.3 million people.
Milan has earned a reputation of a fashionable, compelling, stylish and attractive city with beautifully dressed residents. Citizens have numerous opportunities for entertainment and enjoy spending evenings in restaurants and clubs. However, at home they always enjoy tranquillity and calmness.
The architecture of the city is thought out so well that it gives residents the opportunity to be in a quiet and peaceful environment of their own apartments and villas located both in the city centre and in elegant suburbs. Behind strict buildings there hide quiet green courtyards – this is Milan’s soul.
The geographical location of Milan is truly unique. The city is located at equal distance from both mountains and the sea. Besides, Milan is surrounded by a network of picturesque lakes.
The Italians love skiing and taking at the sea and lakes. Nobody stays at home at the weekends, every family has their favourite places. The variety of leisure options out of town is endless: lakes, mountains, sea – all the beauty of nature is in front of you.
In winter, Milan’s residents spend weekends in the mountains, many have their own chalets in ski resorts where they go every weekend with their families and friends. When it gets a bit warmer, everyone goes to the lakes to enjoy the first rays of the spring sun. From olden times it was prestigious to have one’s own house on the lake, because traditionally the Italian aristocracy and noble people spent their holidays on lakes.
Milan is the most developed city of Italy. All modern development programmes are focused first of all on interests and needs of the city’s dwellers. Milan is among 15 world’s leading cities which successfully use technologies of “smart” cities. Their influence on different aspects of the quality of life is significantly increasing day by day. Milan is permanently growing and developing.
Milan’s underground thoroughly covers the whole city and even goes beyond it. A network of lines and stations is used to save travel time for residents and guests of the city. Another underground line is being currently constructed. It will go through the whole city and connect it to the terminal of the Linate international airport. In total, Milan has 3 airports – Malpensa, Linate and Bergamo. They operate both international and domestic flights, this is why getting to Milan is easy both from abroad and from other regions of Italy.
Italian high-speed trains are extremely convenient and comfortable kind of transport, which saves travellers and businessmen a lot of time. Ultra-modern trains run all over Italy, developing a speed of up to 300 km per hour.
Such a modern organisation of the city’s infrastructure allows citizens to not spend much time getting, for example, to the city centre or to the airport.
People are free to choose means of transportation and are not required to use private cars, since public transport is often much more convenient and comfortable. These facts tell us about a very high level of the quality of life in Milan.
Parks of Milan urge citizens not only to relax and enjoy the beauty of nature, but also reveals the history of the city. The Sempione Park, for example, is a landscape park which is a part of the historical complex of the Sforzesco castle – the residence of Milan’s Dukes, Palazzo del Arte – Palace of Arts, where a variety of art exhibitions are regularly held attracting lovers of art, and the Arch of Peace conceived by Napoleon in 1807 as a triumphant entry into Milan. Milan’s northeast represents a park area with palaces and museums scattered throughout its territory.
It is not only a beautiful, but also historically famous place and the oldest public park in Europe – the park has existed since 1797. The governors of that time – the Habsburgs – founded a garden on the site of a vacant lot.
The architect of the landscape zone was Giuseppe Piemarini, who had built the La Scala Theatre by that time.
There are many small cosy miniparks, promenade parks and flowering botanical gardens in the city. For instance, the amazing Botanical Garden of Brera, adjacent to the Pinacoteca Museum, is located in the heart of Milan, in the historic district of Brera.
The wealth of the artistic and musical heritage of Milan is really impressive. Important citizens for centuries supported artists and different types of art and left the city a patrimony of beautiful buildings and art collections.
Most of the museums of Milan are based on private collections, and some of them are located in buildings that were specially built by collectors to store the works of art.
So, Leonardo da Vinci ended up in Milan thanks to the patronage of the Sforza family, and created many of his famous masterpieces in this city.
The monastery of Holy Mary of Grace (Santa Maria della Grace) stores one of Leonardo da Vinci’s main masterpieces – the fresco “The Last Supper”.
Milan Cathedral is the heart of the city. It was built by the will of the whole city as a “domus”, i.e. a common house, a home for everyone. For the citizens, it still serves as a symbol of the unification of the Christian community, civil society of the city and the entire region of Lombardy. Milan Cathedral is one of Europe’s largest Gothic temples made of white marble.
The La Scala Theatre is the world’s centre of opera, and the Italians consider opera as their national music.
Those who are planning to move to Milan will have an excellent chance to give their children European higher education. More and more well-off Russians choose international schools for their children, thus giving them a sense of confidence in the future and an ability to feel comfortable everywhere in the world thanks to the knowledge of several languages.
International schools motivate children, help them know themselves better and understand what they love to do most of all, so that making it easier in the future to choose a university and profession.
Milan is an economic and cultural centre of Italy. There are the best universities, international companies, the most famous design studios and central offices of fashion brands in Milan.
The oldest universities and colleges of Milan, such as Bocconi, UCSC and Polytechnic University of Milan offer undergraduate, graduate and MBA programmes in Business Administration, Economics, Law, Finance, Engineering, Marketing, Communications and others.
In Milan, where there is no shortage of fashion and design universities, you can get a high-quality education in all fashion and design fields: Fashion Design and Modelling, Management and Entrepreneurship, Brand Management in the fashion and design industry, Production, Procurement, Sales, Marketing, Interior Design, Architecture, and Industrial design. The most prestigious universities of Milan in these fields are Istituto Marangoni, Domus Academy, Naba and Polimoda.
Education at Milan’s universities is possible in the English and Italian languages. As a rule, professional training includes a huge number of practical lessons, learning of real situations, project implementation and complete immersion in the field of study. The studying process takes place, so to say, “now and here”, in real time, based on events and trends currently occurring in the relevant field of training. All this makes studying in Milan a promising investment into one’s professional future.
Everyone knows the Italian formula “Dolce Vita” – the art of a beautiful life, the art of living in the moment and enjoying it. For those who are considering moving to this city, life in modern Milan means not only Dolce Vita, but also comfort and high quality of life, excellent climate, cleanliness and excellent location in the centre of Europe, safety and the opportunity to give children a European education.
Super modern housing development in Milan.
The city has several new neighbourhoods designed by world-famous architects. A new residential complex between the Garibaldi station and Isola, Varesine and Porta Nuova blocks is a new project of the development of the last empty territories close to the centre of Milan.
This complex can boast of ultra-modern skyscrapers for business and luxurious life.
An international team of architects worked on a complex that includes the Gae Aulenti square with a skyscraper, which is the headquarters of the UniCredit Bank (Italy’s second tallest building), a cultural centre with museums, a park, luxury residential buildings with prestigious apartments, shopping and entertainment facilities. On the first floors of these elite houses there are boutiques of the most fashionable brands. Different parts of the complex are connected by green areas, squares, bridges and bike tracks.
The Gae Aulenti square was designed by the Argentinian architect Cesar Pelli and was named after the famous Italian female architect and designer Gae Aulenti who was the author of several well-known projects of museums reconstruction.
The main symbol of this modern complex is the Bosco Verticale houses (Vertical Forest), on the facades of which there are trees, various bushes, green spaces and a huge number of flowers and herbs. Designed by the Italian architect Stefano Boeri, the son of the famous designer Chigny Boeri, these buildings were recognised as the most beautiful skyscrapers in the world and received the International Highrise Award. Real trees grow on a terrace of each apartment, so that each resident has his own mini park in the apartment, which creates the complete illusion of being surrounded by nature.
Real Estate purchase in Milan as investment
Statistics on the purchase of real estate in Milan in recent years shows a steady growth. Among all the cities of Italy, Milan’s real estate provides the highest return on investment and is affected in crisis periods the least of all. Real estate in Milan is a real and high-quality alternative to such “classic” destinations as London or Paris, and has a much more affordable average price per square meter, which is €4,000. The average real estate price level in the centre of Milan is between €8,000 and €12,000 per square meter. However, there are some streets, neighbourhoods and objects where the price can reach from €18,000 to €20,000.
The investment attractiveness of the city is growing actively: from 2013 to 2018, the number of transactions increased from 18.2% up to 39.6% compared to other Italian cities. Housing prices are expected to increase both in the medium and long term. In the next 5 years, analysts estimate the average growth in property prices in Milan by about 14%. Therefore, the real estate purchase with the aim to earn is becoming an increasingly popular business for foreigners.
The largest number of apartments purchases in Milan was recorded in the city centre, which has always been attractive for business. This is due to the well-developed tourism, the presence of important companies and universities in the centre of Milan, boutiques and showrooms of the world fashion brands, exchanges and financial corporations, as well as the organisation of many events of international importance. Milan is Italy’s most industrial city and therefore young Italian people, businessmen and potential entrepreneurs are eager to go there, thus filling the real estate rental market, which is also an attractive factor for investors.
The greatest demand for investment housing in Milan traditionally grows during the fashion weeks that take place twice a year, attracting a large number of businessmen, models, journalists who come to Milan to work, as well as lovers of fashion, fashion shows and events of that kind.
Over the recent years, especially after the World Exhibition EXPO 2015, Milan has become a host of many cultural events, art exhibitions, international congresses, and professional symposia.
Italy is known all over the world thanks to thousands of design companies producing furniture and home decoration.
Every year in April, designers and businessmen from all over the world head to the city to visit the astonishing furniture exhibition – Salone del Mobile – and sign contracts with Italian interior manufacturers.