San Siro is an up-and-coming residential district in the northwestern part of Milan. The neighbourhood was named in reference of the famous San Siro stadium. The district is rapidly growing into an elegant residential hub noted for its prestigious schools, metro system and lovely parks. San Siro offers a quiet atmosphere, slightly removed from the chaos of the city where families can enjoy a perfect lifestyle. The district, sought-after by wealthy French expats, is home to exclusive large residential buildings, perfectly manicured with tennis courts and swimming pools.
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).