"Milan has become a magnet for international buyers, drawn to the city by favorable tax incentives, a dynamic design scene, and character-laden apartments."
"The city's luxury market is the fastest-growing in the world, fueled by Italy's 2017 non-dom tax scheme, allowing new residents to pay a flat €200,000 annual tax."
"The wave of interest and investment in the city can be traced back to the 2015 Expo and the lead-up to the 2026 Olympics, revitalizing urban areas."
"A range of tax relief schemes exist, including programs for freelancers and small-business owners to attract younger, international entrepreneurs to the aging country."
Milan's real estate market is experiencing significant growth, particularly in the luxury sector, driven by favorable tax incentives and a vibrant design scene. The city's appeal is heightened by the 2017 non-dom tax scheme, which allows new residents to pay a flat annual tax on foreign income. This has attracted high-net-worth individuals from global cities. Additionally, the city's transformation since the 2015 Expo and the upcoming 2026 Olympics has revitalized urban areas, making Milan a desirable location for both international buyers and younger entrepreneurs.
Read at Architectural Digest
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