Milan is one of the most sought-after cities for those looking to buy high-value, prestigious properties. The city’s luxury neighbourhoods not only offer exclusive homes but also an exceptional lifestyle, with top-tier services and a vibrant atmosphere. Here are the most exclusive areas in Milan to consider when buying a home.
The history of Milan
With roots dating back to ancient Rome, Milan has always played a central role in both Italian and European history. Founded by the Celts and conquered by the Romans in 222 BC, the city became a key political and cultural hub during the Roman Empire. In the following centuries, Milan continued to evolve, emerging as a stronghold of the Renaissance under the rule of the Sforza family.
By the 19th century, the city had established itself as a thriving centre of industry and commerce, thanks to its strategic location and spirit of innovation. Today, the Lombard capital is firmly set on the path to modernity. Its historic palaces stand in perfect harmony with cutting-edge architecture, reflecting the dynamic transformation of this ever-evolving metropolis.
Milan’s most famous luxury neighbourhoods
Milan is not only the capital of fashion and design but also home to some of the most exclusive neighbourhoods in Italy, each reflecting the city's sophisticated charm.
One of the most iconic areas is undoubtedly Brera, the city’s historic artists’ quarter. With its cobbled streets, art galleries, and luxury boutiques, Brera offers a bohemian atmosphere infused with elegance and refinement.
Not far away lies the Quadrilatero della Moda, the heart of Milan’s luxury shopping scene. Famous for its high-end boutiques on Via Monte Napoleone and beyond, this district is synonymous with elegance and style. Properties here are among the most expensive in the city, reflecting the high demand for such a prestigious location.
Finally, Porta Nuova represents modernity and innovation. This recently redeveloped area is home to futuristic skyscrapers, including the renowned Bosco Verticale, as well as meticulously designed luxury apartments. It is a vibrant district attracting professionals and families looking for a dynamic and contemporary lifestyle.
Cost of Living in Milan
Before moving to Milan, it’s essential to assess the cost of living and property prices. As one of the most expensive cities in Italy, costs can vary significantly depending on the neighbourhood and the type of property you choose.
One key factor to consider is the average income. According to a study by Corriere della Sera based on data from the Ministry of Economy and Finance, the average gross salary in 2021 was €37,204 per capita. The highest incomes are concentrated in the city centre.
In Brera, the Quadrilatero della Moda, Moscova, and the Castello Sforzesco area, the average annual income stood at €94,553. This is followed by CityLife, where the reported average income was €75,556. Completing the top three are Sant’Ambrogio and Corso Magenta, with incomes slightly exceeding €70,000 per year.
The most expensive homes in Milan for sale on idealista
Milan offers a wealth of luxury properties, from apartments and villas to independent homes. Often exquisitely furnished by top industry professionals, these residences are located in the city's most prestigious areas. Here are some of the most expensive homes currently for sale on idealista in Milan:
- Villa on Via Pinerolo – Located in the San Siro district, this property comprises two adjacent villas with a garden and swimming pool, covering a total of 850 square metres. It also features parking spaces, terraces, and balconies. Asking price: €13,500,000.
- Duplex apartment on Via Amerigo Vespucci – found in Torre Aria, this prestigious 325m2 duplex in Porta Nuova features custom interiors, a panoramic terrace, and breathtaking 180° city views, ideal for entertaining and enjoying Milan’s skyline. Asking price: €8,000,000
- Penthouse in Piazza San Babila – This 430-square-metre penthouse in one of Milan’s most famous locations includes a terrace, greenhouse, and two private garages. Asking price: €7,500,000.
Which celebrities live in Milan?
With its cosmopolitan charm and vibrant cultural scene, Milan attracts celebrities from around the world. Beyond being a financial and fashion hub, the city is home to many famous personalities.
In the music industry, Elodie resides in San Vittore, while Manuel Agnelli and J-Ax live in the Navigli district. Paola Iezzi has settled in Sempione, and rapper Fedez is also a Milan resident.
While Milan is home to numerous Italian celebrities, it also attracts international figures. Notably, English footballer Kyle Walker recently joined AC Milan on loan from Manchester City.
The price per square metre for sales and rentals in Milan
Property prices per square metre for sales and rentals vary significantly from one neighbourhood to another, depending on the unique characteristics and prestige of each area. As of January 2025, the average rental price for homes in Milan was €23.6/m². When it comes to sales, the average price for properties on the market was €5,037/m². The neighbourhoods that exceed this value are:
| Neighbourhood | Price per m2 (€) |
|---|---|
| Historic Centre | 10,203 |
| Garibaldi-Porta Venezia | 7,173 |
| Fiera-De Angeli | 7,011 |
| Navigli-Bocconi | 6,974 |
| Porta Vittoria | 6,294 |
Branded Residences: from Miami to Milan, global growth and Italy’s rising appeal
The branded residences market – luxury homes created in partnership with global brands, largely from the hospitality sector – is experiencing unprecedented growth. According to the Global Branded Residence Survey 2025, the number of projects has surged from 169 in 2011 to 611 today, with forecasts predicting over 1,000 active schemes by 2030. In terms of housing units, the increase is even more remarkable: from just over 27,000 in 2011 to a projected 162,000 by 2030.
The Edition Lake Como: a new chapter for the iconic former Hotel Britannia
After an ambitious three-year regeneration project, the transformation of the former Hotel Britannia — a historic landmark overlooking the shimmering waters of Lake Como — is now complete. What was once a traditional three-star property has been reborn as The Edition Lake Como, a sophisticated five-star destination that perfectly blends contemporary design with timeless Italian elegance.
A rare opportunity to own Caroline Bonaparte’s 18th-century Lucca estate
Nestled amidst the rolling hills of Lucca, in a landscape of rare and breathtaking beauty, stands one of Tuscany’s most remarkable historic estates: an 18th-century villa that once belonged to Caroline Bonaparte, sister of Napoleon and Queen of Naples. Perfectly restored and set on approximately 6 hectares of land, this extraordinary property is now available for €20,000,000, combining historical grandeur with modern luxury.
Italy's 10 most expensive neighbourhoods revealed
Buying a home can often mean much more than simply choosing a place to live. In Italy, certain addresses have become true symbols of prestige and sophistication. Often referred to as trophy assets, these residences belong to a niche segment of the market where value is defined not just by square footage, but by status, heritage, and exclusivity.
Rare 17th-century villa for sale in the heart of Tuscany
Nestled in the rolling hills just a few kilometres from Lucca, this majestic noble residence dating back to the 1600s offers an exceptional opportunity to own a piece of Tuscan history. Surrounded by 65 hectares of land and framed by sweeping views that reach the towers of Lucca, the property embodies the perfect blend of heritage, privacy and understated luxury.
From fashion to fortune: Italy's flat tax lures international buyers to Milan
Milan is rapidly becoming one of Europe’s hottest destinations for wealthy investors and international buyers. Once known primarily as Italy’s fashion and financial capital, the city is now attracting a new wave of millionaires and entrepreneurs thanks to a favourable tax regime, quality of life, and booming real estate opportunities.
The pinnacle of Italian real estate: Italy’s ten most expensive properties
From historic castles to stunning Tuscan villas, Italy continues to captivate with its extraordinary real estate. idealista, Italy’s leading property portal renowned for technological innovation, has unveiled the ten most luxurious and expensive homes currently available on the market.