Garibaldi is a residential district centrally situated North to the historical center of Milan. Home to several cultural and historical points of interests, Garibaldi is the new business district and another high-end place to stay in Milan. It became a major Milanese success story district and the place to live in Milan for many businessmen. The upscale district is characterized by world class skyscrapers, pedestrian areas, Milanese designer boutiques as well as exclusive restaurants and fashionable bars.
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).