Casa: in Milan, prices aren't falling and suburbs are losing clear boundaries.

With increasing public attention to environmental and energy efficiency issues, also driven by the recent European Green Home Directive, which requires energy class E to be achieved by January 1, 2030, new real estate is becoming increasingly attractive to those looking for a home of their own. This was discussed at a seminar organized by ASPESI Milano in collaboration with Gruppo Intesa Sanpaolo and Immobiliare.it, the leading real estate portal in Italy.

Nowadays, Milan continues to attract more and more attention: the demand for real estate is not decreasing and faces a growing shortage of supply. This leads to a constant rise in real estate prices throughout the city and makes the notion of the periphery lose its' 'clear certainty due to rising housing costs. This trend of rising prices, coupled with rising mortgage costs, is making it increasingly less affordable to purchase real estate within the city. Even neighborhoods that were once considered "bargain" areas for home buying have become affordable "for the few": for example, the Barona neighborhood, where compared to 2019 affordability - in the sense that the share of the real estate market affordable according to median community income - for a single person has decreased by 12 percent and for a couple by more than 50 percent.

In this already complex situation, a recent study by Immobiliare.it showed that today's buyers favor energy-efficient real estate. Whereas previously the key word when choosing a new home was 'location,'' 'then now "new construction" is also being added. But what is the case of new construction in the city of Milan?