Considered as the "Milanese Montmartre", the trendy district of Brera is the artistic area of Milan with lovely narrow streets, paved pedestrian zones and a dynamic nightlife. Brera is renowned for its majestic historical monuments and its charming atmosphere, which allows to easily disconnect from the urban bustle. Brera will seduce any visitor thanks to its authenticity and its cultural life as artists still exhibit their work and hand-made pieces. In the neighbourhood's center, stands the "Accademia di Belle Arti", built in the 17th century, which is the famous Milanese Fine Arts school. Around gravitate renowned museums, elegant boutiques and upscale restaurants.
The real-estate sector in Milan is very dynamic and has a constant growth. With an average of 6,700 euros per square meter, Milan is almost twice less expensive than Paris and Rome. This phenomenon could be explained because of the 2007 crisis, which considerably impacted the city. However, foreign investments increase over the years in Milan since then and the following years may confirm this tendency.
The main investors who choose Italy as the country to purchase a property equally come from the United Kingdom and Italy. The majority of the other investors come from Russia and the rest of Europe.
It is possible to buy a property in Italy if you respect the various administrative formalities. It is highly recommended to contact a professional of the real-estate sector. The signature of the sales contrat must be held before a notary. The latest will deal with the writing of the contract, the transaction registration as well as the payment of various taxes (such as the local property, the capital gains, the wealth and inheritance taxes).