The global economic crisis of 2008 brought an economic downturn in many regions of the world. Italy’s real estate market also witnessed a significant drop during the crisis.
After a number of years of economic hardship, Italy’s economy has finally made a staggering return, and its real estate market is shining among all, making it the right time to invest in its metropolis city Milan.
Milan. As soon as we hear the word, images of fashion icons pop in our mind. As the fashion capital of the world, and rightly so, Milan presents a vivid picture of all things glitz and glamor. If living with the stars and exploring haute couture is what you love – Milan is the place to get your home in.
However, there is a lot more that the city presents.
Let’s have a look at 5 reasons that make investing in Milan a wonderful choice:
Milan has been an international hotspot since forever, attracting financiers and tourists alike. The Italian city is a hot tourist destination, with more than 10 million tourists visiting the city in 2019 alone.
This means that you can invest in any residential or commercial property in Milan and earn all year round through rent payments (that have been steadily rising in the city).
Did you know that it takes only six days to start a business in Milan?
That’s right.
Milan is the economic hub and undisputed fashion hub of Italy. The city’s excellent business environment, coupled with Italy’s favorable taxation policies, has made it quite attractive to international investors in recent times. In fact, it is suspected that Milan will become the economic center of Europe post-Brexit.
Milan is not just rich in fashion, history, and architecture only; it is also home to some of the best life sciences and biotechnology research centers in Europe.
According to statistics, 26% of the Italian companies in the biotechnology industry, with an annual turnover of €3.4 million, are located in Milan.
This is why the city is known as a S.T.E.A.M city i.e. the city of science, technology, engineering, art, and manufacturing.
You name it, Milan has it.
According to different surveys, Milan is ranked as one of the top cities in terms of quality of life. This is primarily because of the business-friendly environment, excellent infrastructure and other public services, and excellent recreational activities.
From an investment point of view, this is great as a good quality of life is likely to attract more people and this means more potential tenants for you.
Milan has attracted a significant amount of financial and human capital from other parts of Italy as well as different countries in recent years.
This growth was also reflected in the city’s real estate market, which became quite dynamic over the last 8 years. Milan is one of the most popular spots for residential property purchase as an investment in Italy.
This means that most property in Milan has great resale value so if you ever decide to sell - chances are that you will make a high profit!
Exhibiting massive investment potential and numerous economic benefits, Milan is the city to invest your money in. Period.
Whether you had plans to invest in Milan earlier, or have just developed them after reading its potentials – reach out to us at Italia Properties for the right information and assistance in purchasing the real estate you need.
Let’s empower you financially.