The residential neighbourhood of Fiera, situated in the northwest side of Milan, is a quiet and enjoyable area, which allows to escape from the noise and hustle of city life. Thanks to a good connection with public transportation, the center of the city can be easily reached. The district was named in reference to the countless international shows that took place there for several years. Nowadays, Fiera is undergoing tremendous changes: next to luxury villas and prestigious palaces dating from the last century, and old buildings from the 1950s, numerous modern and opulent complexes as well as sumptuous skyscrapers designed by internationally renowned architects, are being built. Fiera is one of the best districts to live for families and it is sought-after by the French and Japanese communities due to its proximity to French and Japanese schools.
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).