Milan province Property Prices, Rents & Rental Yields

About Milan province

Milan province blends Italy’s most influential urban core with a broad ring of residential areas, transport links, and business districts. For apartment investors, it offers a market shaped by the city’s economic pull while still extending into quieter suburban and commuter locations across the wider province.

July 2026 opens with the clearest signal in the apartment market: rents have eased even as capital values continue to edge higher. The average sale price is €298,000, unchanged month on month but up 4.6% year on year, while the average m2 price has reached €3,490, rising 0.6% over the month and 6.4% over the year. That combination suggests price growth is still present, but it is not being matched by rental momentum.

The rental side points in the opposite direction. Average apartment rents now stand at €1,300, down 1.1% from the previous month and 7.1% lower than a year ago. Against that backdrop, the reported yield of 6.47% looks respectable, but it also sits within a market where income and pricing are moving apart. For investors, July’s tension is straightforward: apartment values in Milan province are still advancing, yet rents are softer, leaving tighter economics than the price trend alone might imply.