Milazzo Property Prices, Rents & Rental Yields

About Milazzo

Milazzo sits on the Tyrrhenian coast of Messina province with a working port, sea-facing neighborhoods, and a position that connects Sicily’s northeastern shoreline to the Aeolian Islands. Its setting gives apartments a practical coastal appeal while keeping the city closely tied to everyday local use.

August 2026 shows the clearest signal in sale values: apartments are getting more expensive, but rental movement is softer. The average sale price stands at €168,000, after rising 1.8% month over month and 20.0% year over year. On a square-meter basis, the average is €1,530, also up 8.8% on the month and 20.0% over the year, which confirms that the repricing is not isolated to a single headline figure.

That leaves investors with a narrower yield cushion. The current gross yield is 4.77%, while the average rent is €650. Rents are still higher than a year ago, up 8.3%, but they slipped 7.1% from the previous month. In other words, August brings a clear tension: capital values are advancing strongly, yet monthly rental income has not kept pace. For apartment-focused buyers, Milazzo is therefore looking more like a market where price growth is doing the heavy lifting than one where income has recently strengthened.