How much tax is paid on residential rentals?

Italy has progressive tax rates. If you lease residential real estate on a regular basis you need to declare your total annual rental income every year. If this amount does not exceed € 15,000 per year, it is taxed at 23% plus 2% of the annual rent. If the annual rental income is greater than € 75,000, it is taxed at 43% plus 2% of the total annual rent. However, paying less tax is possible: for example, when registering a rental contract with the cedolare secca option, the tax rate is fixed at 21% of the annual rent. And on a comodato d'uso contract, no tax is paid because this type of agreement implies a temporary provision of housing for free.

What is the apartment purchase payment process?

According to Italian law, non-residents must open a local bank account and transfer the full property purchase amount to it. In addition, 10% of the deposit must be paid by bank cheque. When the notarial act is issued, the bank will issue a cheque with the remaining amount to the seller.

What documents are required to buy an apartment in Milan?

Passport; Marriage certificate or premarital agreement; Tax identification code – codice fiscale (on request from an Italian consulate in the applicant's home country or the local tax authorities).

Which regions of Italy offer the cheapest apartment prices?

It’s possible to buy a one-bedroom apartment for about € 60,000 in the city of Pizzo (Calabria) and from € 105,000 in the region of Abruzzo.

How much does it cost to maintain an apartment in Milan?

Residential property maintenance costs comprise three parts: tax, utilities, and insurance. Italy introduced a unique communal property tax called imposta unica comunale (IUC) on January 01, 2014. It is calculated on three taxes: Municipal property tax (imposta municipale unica, IMU). It is levied at 0.76% but not on the real estate used as primary residence; Waste tax (TARI) – about € 100; Municipal tax for road maintenance, street lighting, and so on. On average, the tax on an 85 m² apartment is about € 850 per year. As for utility payments, they depend on the property. Anywhere between € 200-5,000 per annum for an apartment, depending on its size, while a villa with a swimming pool will be somewhere between € 1,200-6,000 per annum. The insurance fee depends on a property’s value and usually ranges from € 300-2,000 per annum (usually 1–2% of the property value)

Can Italian citizenship be obtained through buying an apartment?

Property owners do not automatically become Italian citizens. It is necessary to live in the country for at least 10 years before becoming eligible for citizenship.

Which regions of Italy are the most promising for investing in real estate?

The most advantageous regions in terms of property investment are Lombardy, Piedmont and Liguria thanks to the well-developed infrastructure, which fuels price growth.

What is the process for the transaction closure?

To start, you need to open an Italian bank account and obtain a tax identification code. After that, a deposit is paid to reserve the property. The sum of the deposit is 1% of the purchase amount. Next, a sales agreement is signed. If the transaction closure is particularly time-consuming, a preliminary agreement with a deposit of as much as 10–30% can be signed. The final sales agreement is processed at a notary office. The agreement is also officially registered with Italy’s Real Estate Registration Department. The payment can be made in two ways: by a cheque or via a direct transfer of funds from the buyer’s bank account. After this is sorted, the new owner will receive the keys, sales agreement, and property register extract.

Do foreigners pay the same property taxes as Italians?

Yes, in Italy the taxes for residents and non-residents are the same. If buying a new-build you will have to pay: VAT — 4% of the property value; Fixed registration tax — € 200; Fixed mortgage tax — € 200; Fixed cadastral tax — € 200; For an existing property you will have to pay: Fixed registration tax — 9% of the property value (€ 1,000 at least); Fixed mortgage tax — € 50; Fixed registration tax — € 50. Owners pay a communal tax of up to 10.6%. Income tax for individuals is between 23–43%.

Are there any extra costs related to the purchase of apartment in Milan?

Yes, in addition to the expenses mentioned above there are a number of additional costs. For example, the payment of notary fees at 2–4% of the property's assessed value. This includes: Cadastral tax and a mortgage instalment – € 50 or € 200 depending on the buyer's residence permit availability; State duty – € 230; property tax – € 24.71; State register inscription fee – € 90; Notary fee – about 1–2.5% (for properties priced between € 300,000-1M the fee is € 5,000-7,000).

Can non-residents obtain a residential mortgage loan in Milan?

Yes, but it is difficult to do so. Non-residents must have lived in Italy for at least two years and in some cases for five years. The income must be euro or dollar -denominated.

What is the process for property title registration in Milan?

Property title registration involves several stages. Firstly, the parties sign the sales agreement at a notary office. The notary then forwards the information to state agencies: tax authority, cadastre chamber office, and registration chamber. The lead time for documents ranges from a few days to three months, depending on the region where the transaction is closed. Only when all of the registration processes are completed does the buyer receive their original documents.

Apartments for sale in Milan, Italy, 23 offers to buy a flat in Milan

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Spacious apartment with balconies in a historic building with an elevator, Milan, Italy for 1,200,000 €

Furnished

Spacious apartment with balconies in a historic building with an elevator, Milan, Italy

1,200,000 €

Total area 180 m²3 bedrooms3 bathrooms

Exclusive apartment in the center of Milan, Italy for 6,500,000 €

With balcony/terrace

Exclusive apartment in the center of Milan, Italy

6,500,000 €

Total area 572 m²4 bedrooms6 bathrooms

Residence permit

New apartments with sea views in Nice, Cote d'Azur, France

410,000 €

2 bedrooms 1 bathroom

Spacious apartment in a historic building with a garden, Milan, Italy for 1,300,000 €

Garden view

Spacious apartment in a historic building with a garden, Milan, Italy

1,300,000 €

Total area 120 m²2 bedrooms2 bathrooms

Spacious penthouse with terraces, Milan, Italy for 3,900,000 €

Spacious penthouse with terraces, Milan, Italy

3,900,000 €

Total area 522 m²4 bedrooms5 bathrooms

Spacious apartment with a garage in a historic building, Milan, Italy for 5,800,000 €

Spacious apartment with a garage in a historic building, Milan, Italy

5,800,000 €

Total area 475 m²4 bedrooms4 bathrooms

Spacious renovated apartment with a balcony, Milan, Italy for 1,500,000 €

With balcony/terrace

Spacious renovated apartment with a balcony, Milan, Italy

1,500,000 €

Total area 200 m²3 bedrooms3 bathrooms

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Luxury three-level penthouse with a roof-top terrace in the center of Milan, Italy for 5,500,000 €

With balcony/terrace

Luxury three-level penthouse with a roof-top terrace in the center of Milan, Italy

5,500,000 €

Total area 522 m²

With balcony/terrace

Apartment – Milan, Lombardy, Italy

Price on request

Total area 700 m²5 bedrooms3 bathrooms

Spacious apartment in the center of Milan, Italy for 1,900,000 €

With balcony/terrace

Spacious apartment in the center of Milan, Italy

1,900,000 €

Total area 240 m²3 bedrooms3 bathrooms

Apartment – Milan, Lombardy, Italy for 10,000,000 €

With balcony/terrace

Apartment – Milan, Lombardy, Italy

10,000,000 €

Total area 623 m²5 bedrooms6 bathrooms

Apartment – Milan, Lombardy, Italy for 670,000 €

With balcony/terrace

Apartment – Milan, Lombardy, Italy

670,000 €

Total area 160 m²3 bedrooms3 bathrooms

Penthouse with a panoramic view in Milan for 3,990,000 €

With balcony/terrace

Penthouse with a panoramic view in Milan

3,990,000 €

Total area 320 m²

New home – Milan, Lombardy, Italy for 943,000 €

New home – Milan, Lombardy, Italy

943,000 €

Total area 93 m²2 bedrooms2 bathrooms

A luxurious two-storey penthouse-apartament in the heart of Milan, close to Porta Venezia, is for sale for 8,500,000 €

A luxurious two-storey penthouse-apartament in the heart of Milan, close to Porta Venezia, is for sale

8,500,000 €

Total area 785 m²5 bedrooms5 bathrooms

Exclusive renovated apartment in the city center, Milan, Italy. Price on request

Exclusive renovated apartment in the city center, Milan, Italy

Price on request

Total area 146 m²3 bedrooms2 bathrooms

Penthouse – Milan, Lombardy, Italy

Price on request

Total area 630 m²9 bedrooms

Penthouse – Milan, Lombardy, Italy for 1,350,000 €

Penthouse – Milan, Lombardy, Italy

1,350,000 €

Total area 159 m²3 bedrooms

Apartment – Milan, Lombardy, Italy for 900,000 €

With balcony/terrace

Apartment – Milan, Lombardy, Italy

900,000 €

Total area 135 m²4 bedrooms

New duplex apartment in Milan, Lombardy, Italy for 414,000 €

Furnished

New duplex apartment in Milan, Lombardy, Italy

414,000 €

Total area 100 m²2 bedrooms2 bathrooms

Duplex apartment in San Siro area, Milan, Lombardy, Italy for 1,350,000 €

With balcony/terrace

Duplex apartment in San Siro area, Milan, Lombardy, Italy

1,350,000 €

Total area 220 m²

Modern furnished apartment in the heart of Milan, Italy for 1,800,000 €

Modern furnished apartment in the heart of Milan, Italy

1,800,000 €

Total area 150 m²2 bedrooms2 bathrooms

Apartment – Milan, Lombardy, Italy for 510,000 €

With balcony/terrace

Apartment – Milan, Lombardy, Italy

510,000 €

Total area 70 m²3 bedrooms

Fantastic loft in a historic building, Brera quarter, Milan, Italy for 1,800,000 €

Fantastic loft in a historic building, Brera quarter, Milan, Italy

1,800,000 €

Total area 150 m²

Similar properties in Milan and surrounding areas

Penthouse – Lake Como, Lombardy, Italy

830,000 €

Sea view

Total area 120 m²2 bedrooms2 bathrooms

Spacious apartment overlooking Lake Garda, Gardone Riviera, Italy

540,000 €

Garden view

Apartment – Cernobbio, Lombardy, Italy

395,000 €

Furnished

Total area 135 m²3 bedrooms2 bathrooms

Elite apartment with a terrace and a garden in a stylish residence, near the city center, Desenzano del Garda, Lake Garda, Italy

835,000 €

Furnished

3 bedrooms2 bathrooms

Luxury apartment with a garden in a historic villa in Salo, lake Garda, Italy

2,600,000 €

Garden view

Land area: 10,000 m²5 bedrooms5 bathrooms

Lake view apartment with a terrace and a garage, Toscolano Maderno, Italy

520,000 €

With balcony/terrace

2 bedrooms1 bathroom

Apartment – Ossuccio, Lombardy, Italy

420,000 €

Sea view

Total area 120 m²3 bedrooms3 bathrooms

Light apartment in the center of the famous town of Desenzano on the shore of the picturesque lake Garda, Italy

1,550,000 €

With balcony/terrace

3 bedrooms3 bathrooms

Apartment – Argegno, Lake Como, Lombardy, Italy

490,000 €

Sea view

Total area 188 m²4 bedrooms2 bathrooms

Luxury apartment with a mezzanine in a historic estate with a large park and swimming pool, Soiano del Lago, Italy

1,200,000 €

Furnished

Total area 240 m²3 bedrooms4 bathrooms

Luxury historic apartment with a spa area and a large terrace on the promenade of Salo, Italy

5,000,000 €

With balcony/terrace

Total area 600 m²3 bedrooms3 bathrooms

Apartment – Lake Como, Lombardy, Italy

750,000 €

With balcony/terrace

Total area 150 m²Land area: 250 m²3 bedrooms2 bathrooms

Apartment – Menaggio, Lombardy, Italy

1,400,000 €

Sea view

Total area 200 m²Land area: 800 m²3 bedrooms2 bathrooms

Luxurious apartment in a residential complex with a pool and a garden close to the golf-club, Polpenazze del Garda, Brescia, Lombardy, Italy

750,000 €

Furnished

Total area 135 m²2 bedrooms2 bathrooms

Apartment – Blevio, Lombardy, Italy

710,000 €

Sea view

Total area 120 m²2 bedrooms1 bathroom

Luxury apartment with views of the Garda lake in a new residential complex with a swimming pool, Padenghe sul Garda, Lombardy, Italy

1,000,000 €

Garden view

Total area 293 m²2 bedrooms2 bathrooms

Elite penthouse with a view to the lake, Gardone Riviera, lake Garda, Italy

790,000 €

Total area 200 m²4 bedrooms2 bathrooms

Penthouse – Lombardy, Italy

395,000 €

Total area 250 m²2 bedrooms2 bathrooms

Loft – Varese, Lombardy, Italy

400,000 €

Total area 220 m²2 bedrooms3 bathrooms

Apartment – Ossuccio, Lombardy, Italy

355,000 €

Furnished

Total area 69 m²2 bedrooms1 bathroom

Apartment in the center of the city, Como, Italy

2,200,000 €

Furnished

Total area 220 m²3 bedrooms2 bathrooms

Apartment – Argegno, Lake Como, Lombardy, Italy

750,000 €

Sea view

Total area 120 m²3 bedrooms3 bathrooms

Apartment – Ossuccio, Lombardy, Italy

355,000 €

Sea view

Total area 69 m²2 bedrooms1 bathroom

Apartment – Griante, Lombardy, Italy

360,000 €

Furnished

Total area 95 m²Land area: 200 m²2 bedrooms2 bathrooms

Apartment – Mezzegra, Lombardy, Italy

350,000 €

Furnished

Total area 90 m²2 bedrooms2 bathrooms

1-25 of 139 listings, page 1 of 6

Apartments for sale in Milan

Turkish passport for buyers of apartments from $250,000

Similar properties in Milan and surrounding areas

FAQ about Milan

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