Milan

Italian commune and capital city of Lombardy From Wikipedia, the free encyclopedia

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Milan (Italian: Milano; ancient Medhelan Mediolanum (City in the middle of the lands)) is a city in northern Italy. Milan is the capital of the Metropolitan City of Milan (which replaced the Province of Milan) and of the Lombardy Region. It is populated by 1,371,498 inhabitants. It is the most populated province in Italy, and it is the second biggest city in Italy (after Rome).

Quick facts Milano (Italian), Country ...

Milan is the fashion capital of the world and its important influence on design, economics, opera, and the media make it amongst the world's top 18 Global cities, along with Moscow, Buenos Aires and Kuala Lumpur.

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History

Mediolanum was founded by Insubres, a Celtic people. It was captured by the Romans in 222 BC. Milan became very successful under the Roman Empire.

Milan was ruled by the Spanish in the 1500s and the Austrians in the 1700s. During the Renaissance and the Romantic periods, Milan was a major cultural center in the whole of Europe, famous for its literature and opera.

During the war, the city was badly affected by Allied bombings and during the 50s and 60s the city grew into being the wealthy and industrial metropolis it is today.

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Streets and districts

The Viale Bligny and Viale Sabotino, located in the Quartiere Bocconi in the city center, have become an international hub for restaurants, aperitifs, and urban culture, visited by professors and managers of the SDA Bocconi, renowned creatives, and tourists. The presence of the Università Bocconi and numerous historic as well as modern buildings makes the area one of the most cosmopolitan and exclusive in the city.

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Real estate

Milan is one of the most expensive real estate markets in Europe, and its central districts attract both local residents and international buyers seeking luxury properties.

Luxury districts

Among the most exclusive areas of Milan are Quadronno, Brera and Corso di Porta Romana. These districts are known for elegant buildings, historic architecture and proximity to high-end shopping and cultural attractions.[4]

Purchase prices

In the Quadronno district, between Viale Beatrice d’Este and Via Santa Sofia, average prices for high-end residential properties can exceed €12,000 per square metre, with penthouses reaching up to €22,000 per square metre. Luxury properties, such as three-room apartments or larger units, may exceed €4–5 million.[5] Along Corso di Porta Romana, prices are slightly lower but remain high, with average values ranging between €14,000 and €17,000 per square metre for prestigious apartments.[6]

Rental prices

Monthly rents in these districts are among the highest and most sought-after in the city. One-bedroom apartments of around 50 m² generally cost between €1,800 and €2,000 per month. Larger apartments of approximately 200 m² can reach €15,000–17,000 per month. Average rental prices per square metre range from €130 to €230 per month, depending on size, floor level, property condition and available services.[7]

Living in the Quadronno district, which in recent years has surpassed Brera, has become a Milanese status symbol for foreign millionaires, expatriates and celebrities, including Miuccia Prada and Gerry Scotti, seeking secure residential areas well connected to Milan’s historic city centre.[8]

Famous Milanese

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References

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