Luxury Real Estate, the 5 cities most requested by super-riches (there is also Milan): the characteristics sought after

Milano Scala the global ranking of Luxury Real Estate capitals. In a year, the Lombard capital has passed From 17th to 5th place of Barnes City Index, The index periodically drawn up by the Real Estate company. The ranking identifies The 50 cities most requested by Ultra High-Net-Worth Individuals, or those who have an invesible assets of at least 30 million dollars.

The reasons: from the flat tax to the city size

What does this phenomenon come from? Why has Milan become, like Dubai and Monaco, one of the privileged destinations of the super-riches?
Much depends on the favorable tax regime for those who transfer their fiscal residence to Italy. In fact, it is A flat tax that allows new residents to pay an annual fixed sum – previously equal to 100 thousand euros, recently climbed to 200 thousand euros – on income produced abroadregardless of their amount.
To the tax advantages are added, then, the characteristics of the city: the dimensions still for human scale, the strategic geographical position that allows both the sea and the mountains, the lively cultural scene, the rich offer of shops and restaurants in a short time.

The most sought after neighborhoods (and homes)

Obviously the question of the super-riches is concentrated on high -end properties. In particular, according to the Barnes Global Property Handbookit is high sizeswhich start from a minimum of 120 square meters, located in historical central neighborhoods (for example quadrilateral, Brera, Corso Magenta) or more recently built, as a new door.
Requests concern above all high floors, with terrace and panoramic view. An added value is made up of Availability of garage/reserved parking space and of services within Buildinglike The 24/7 concierge, the gym or swimming pool.

The prices, you reach 23,000 euros per square meter

As predictable, the increase in buying and selling determined a surge in prices. According to the data of theObservatory of the real estate market of the Revenue Agency, In 2024 the average price in the Prime Segment – which includes luxury properties located in the most exclusive areas of the city – si is certified for € 13,349/sqm euro per square meter, with peaks of € 23,000/sqm for the top of the range residences.
But be careful: the rise in this type of property has been driving the entire real estate market, favoring the overall increase in prices. «Over the past few years we have witnessed an acceleration of prices who involved the entire city territory – confirms Sara Damasceni, founder of Dama Re, a real summer company active in Milan and Malaga – The trend does not seem destined to stop, Also in the face of the winter Olympic games to be held in Milan at the beginning of next year « .