In Milan, the price increases seen in recent years fell in the first quarter of 2020. According to open sources, prices recorded between the first quarter of 2019 and the same period of 2020 showed a change of 7% and -12% compared to the first three months of 2020 and 2021.
The period of the pandemic is negatively affecting the cost of housing in the capital of Campania. But interest in the city of Milan remains high from international investors, especially in more peripheral or central areas, where prices have also skyrocketed.
As for the dynamics, there are no significant changes compared to the first quarter of 2020: in 29% of districts, growth increased, in 36% it decreased, and in 22% the required size remained unchanged.
However, there has been a slight increase in interest in smaller living space, possibly due to new housing needs arising from the pandemic (choosing an apartment to live in alone versus sharing).
In terms of relative demand (an indicator that summarizes the increase in demand in relation to supply in each Italian geographic area, there is a lot of interest in the peripheral areas in Milan, perhaps justified by the search for large areas at affordable prices.
The 5 areas most in demand for renting a home are in fact: Lodovico il Moro, Lambrate, Gorla, Quarto Oggiaro-Euromilano, Rogoredo Santa Giulia.
On the contrary, among the least requested areas there are some central areas: Vittorio Emanuele Augusto, Ariosto Magenta, Brera Montenapoleone, Mercalli Quadronno, Vetra Missori.