Real estate in Milan, for people who are moving here
KW Properties is the Keller Williams Market Center in Milan. This English section is for people who are moving to the city for work or study and do not yet know how buying and renting work in Italy. Here are the steps, the paperwork, and the official price ranges for each neighbourhood, with the source of every figure.
Who this section is for
It is for people who arrive in Milan with a job, a university place or a transfer, and need a home quickly. Listings on Italian portals are written in Italian, and the rules for a purchase or a lease are not written for someone who has never signed a contract here. This section explains the mechanisms first and the figures second, so that you can read a listing and ask the right questions.
The office is at Corso Buenos Aires 92, Milan. Who we are and how the agency works is on the Italian pages, and the listings we currently offer are at the homes we are offering now.
Before you look at a single flat
Three things come before the first viewing, and each one blocks the next. The first is the codice fiscale, the Italian tax code: a sixteen-character personal number that every person living or paying tax in Italy receives. The Agenzia delle Entrate issues it. Without it you cannot sign a purchase or a lease, open a bank account, or set up an electricity or gas contract, so ask how to obtain it before you travel.
The second is an Italian bank account. Sellers and landlords expect payment by bank transfer, and a deposit paid from abroad is slower and more expensive to move. Banks usually ask for the codice fiscale, an identity document and proof of address. Ask the bank which proof of address it accepts before you open the account, because the answer differs from one bank to another.
The third is a budget that counts the costs beyond the price: the notary, the taxes on a purchase, the agency commission agreed in writing, and the condominium fees. This page does not give those rates. They depend on your situation, and the notary or an accountant should give you the exact figures in writing before you commit.
What a square metre costs, neighbourhood by neighbourhood
The Italian Revenue Agency, through its Real Estate Market Observatory (OMI), publishes for each zone of Milan a range of values per square metre for homes in normal condition. The range is the Agency's figure. The weighted average in the table is our own calculation: it is weighted by the share of each neighbourhood's street numbers that fall in each zone, and it is not an Agency figure.
| Neighbourhood | Weighted average, € per m² (our calculation) | Range across the zones, € per m² | Rent across the zones, € per m² a month |
|---|---|---|---|
| Brera | 9,055 | 6,500 to 12,000 | 21.5 to 35.0 |
| Duomo | 8,845 | 6,700 to 10,900 | 19.0 to 35.0 |
| Isola | 5,448 | 4,100 to 7,100 | 13.5 to 23.5 |
| Porta Romana | 5,303 | 4,000 to 6,500 | 11.5 to 20.9 |
| Città Studi | 4,700 | 3,800 to 5,600 | 12.0 to 15.5 |
| Dergano | 3,632 | 2,800 to 4,600 | 9.2 to 14.5 |
| Bicocca | 3,611 | 2,900 to 4,200 | 11.0 to 15.0 |
Across the whole city the zones range from 1,850 to 12,000 € per m² for purchase, and from 6.5 to 35.0 € per m² a month for rent. The lowest weighted average is 2,275, shared by Quarto Oggiaro, Roserio and Stephenson; the highest is 9,055, in Brera. A range that wide is the reason one neighbourhood name tells you very little: the zone matters more than the district.
Our KW Forecast model also estimates the central value for the first half of 2026. For Brera it is 9,388 € per m², within a range from 9,075 to 9,885. That is a forecast of ours, not a figure published by the Agency, and it moves when the Agency publishes new data.
Words you will see in listings
A bilocale usually means a living room and one bedroom, and a trilocale two bedrooms; the kitchen and the bathroom are not counted in the name, although some listings count a kitchen as a room. Spese condominiali are the fees the building charges its owners and tenants. APE is the energy performance certificate, with its class from A4 to G. Caparra is the deposit that comes with a preliminary contract, and rogito is the deed signed before the notary. Each of these has its own page or section in this guide.
Where to go next
Three pages follow in order. Moving to Milan covers the first weeks: the codice fiscale, the bank account and the budget. Buying property in Italy explains the offer, the preliminary contract and the deed. Renting in Milan explains the two main types of lease, the deposit and the costs that come with a rental.
To ask about a specific property or about your timing, use the contact form at the bottom of the home page. Describe what you are looking for, when you need to move, and your budget, and the form sends it to the agency.
Sources
- Italian Revenue Agency, Real Estate Market Observatory (OMI): quotazioni immobiliari per zona, residential homes in normal condition, second half of 2025. Licence CC BY 4.0. The Agency warns that its quotations cannot replace a precise valuation of a single property. agenziaentrate.gov.it.
- Neighbourhood names and boundaries: Comune di Milano, Unità SIT e Sviluppo del Gemello Digitale Urbano, NIL dataset (ds964), licence CC BY 4.0. comune.milano.it.
- Weighted averages, the table and the forecast: KW Properties, our own calculations on the Agency data. They are not published by the Agenzia delle Entrate.