15 Reasons to Invest in Milan

1. Often referred to as the country’s “economic engine,” Milan is the city with the highest GDP per capita in Italy, and it also lies within the region with the highest GDP in Italy. In 2019, the GDP for Lombardy reached over 400 billion euro. 

2. Milan produces 61% of the Italian turnover for design and the fashion industry. One of four global fashion capitals, the luxury retail market accounts for €150m of additional spend.

3. Westfield Milano, set to open in 2022, will become the largest shopping mall in Europe, boasting 300 stores, 50 luxury and international brands, 80 restaurants, and 10,000 parking spaces over 155,000 square meters. Milan also is host to Europe’s 2nd biggest mall, Centro di Arese.

4. Milan is a financial hub and the location of Italy’s Stock Market exchange, Borsa Italiana.

5. The 2015 World Expo gave huge international exposure to Milan, making the city a top tourist destination like never before. It is now the second most visited city in Italy after Rome and just before Venice and Florence. 

6. Milan, together with Cortina, will host the 2026 Winter Olympics and according to a study released by Rome’s Università La Sapienza, “the Games are expected to boost national gross domestic product by 81 million Euro to 93 million Euro from 2020 to 2028, generating an aggregate wealth of 2.3 billion Euro in that period.”

7. Post winter games, Scalo Porta Romana’s Olympic Village, located near Fondazione Prada, will become residential housing. 

8. No seasonality. While many touristic areas in Italy see an influx of visitors during peak periods of the year like summer or winter, Milan’s year-round events and attractions keep it stable and with a constant influx of traffic.

9. The design capital boasts approximately 70 trade shows throughout the year, 2 top earners being Salone del Mobile and Fashion Week. Typically, the weeklong exhibition by Salone del Mobile is attended by more than 370,000 professional visitors on average. 

10. With 8 universities in Milan, the city has the largest student community in Italy, many of which are among the best in the EU.

11. In 2023, Milan’s new metro line, M4 which runs east to south-west will open, facilitating travel to and from the Linate Airport. With the construction of a new metro line, Milan typically sees a 45% market appreciation for real estate sales and a similar increase for rentals.

12. Milan boasts several urban redevelopment projects that prove billions worth of Euro of investments have poured into the city. These include: Milano CityLife, Porta Nuova, and Portello, while Scalo Porta Romana and a new stadium are still in the works— the latter being an ambitious 1.2 billion Euro project to build “the most beautiful soccer stadium in the world” which will host both AC Milan and Inter’s home games replacing San Siro.

13. The Bosco Verticale, part of the Porta Nuova project, was awarded the Best Tall Building Worldwide in 2015.

14. In 2018 and 2019, Milan was voted the best city in Italy with the highest quality of life index.

15. Project Symbiosis a futuristic district right behind Fondazione Prada, will give work to 15,000 people, who in turn will need accommodation. Eni, Italy’s largest oil company and fashion brand Moncler will transfer there.

If you’re interested in investing in Italy, whether it’s for a large scale project or an income producing property, get in touch with us at info@spadaforarealty.com to find the best, most attractive options for you!