Only 7% of purchases in Milan exceed 145 sqm: the analysis of data on large floor areas
Official data, Italian Revenue Agency
In the property landscape of the municipality of Milan, homes with a large floor area are a well-defined niche of the residential market. According to the official surveys of the Italian Revenue Agency on the Normalised Number of Transactions (NTN), in 2025 purchases of homes in the over 145 sqm size band stood at 1,757.93 sales.
This volume corresponds exactly to 6.98% of the entire city market (25,172.96 total transactions), confirming that large floor areas remain a minority type compared with small and medium sizes.
The three-year evolution (2023–2025)
Looking at the recent history, the segment of homes above 145 sqm in Milan showed substantial resilience, while being affected by the general credit dynamics and the high value per square metre typical of the Lombardy capital:
| 2023 | 1,675.43 NTN (6.74% of the city total) |
| 2024 | 1,632.03 NTN (6.80% of the city total, -2.59% on 2023) |
| 2025 | 1,757.93 NTN (6.98% of the city total, with an increase of +7.71% on 2024 and +4.92% on 2023) |
Source: official data, Italian Revenue Agency
In 2025 a recovery of more than 125 sales in twelve months was recorded for this band, in line with the general revival of the Milan market.
Comparison of floor area bands in Milan (Year 2025)
The complete picture of the 25,172.96 sales concluded in the municipality of Milan in 2025 shows the clear polarisation of choices on medium-small spaces:
| Floor area band | Sales 2025 (NTN) | Share of city total |
|---|---|---|
| 50 - 85 sqm (Large one-bedroom / Compact two-bedroom flats) | 10,638.00 | 42.26% |
| Up to 50 sqm (Studios and small one-bedroom flats) | 5,715.99 | 22.71% |
| 85 - 115 sqm (Large two-bedroom flats) | 5,054.66 | 20.08% |
| 115 - 145 sqm (Three-bedroom flats) | 2,006.38 | 7.97% |
| Over 145 sqm (Large floor areas) | 1,757.93 | 6.98% |
Source: official data, Italian Revenue Agency
Adding the last two bands shows that all homes above 115 sqm together cover only 14.95% of Milan transactions (3,764.31 NTN).
Milan city vs Hinterland and Region
The geographic comparison underlines how the concentration of large floor areas shifts progressively outside the city, where the share of small villas, detached houses and larger family spaces is significantly higher:
- Milan City: Homes over 145 sqm represent 6.98% of sales (1,757.93 NTN).
- Milan Hinterland: In the municipalities of the province, homes over 145 sqm rise to 10.05% of sales (4,563.66 NTN).
- Regional Average (Lombardy): At regional level, the over 145 sqm band reaches 14.71% of the total (23,858.38 NTN), led by the provincial markets of Brescia (21.05%), Mantua (32.88%) and Cremona (25.79%).
Observations on the data for readers
For those looking for a home
The data show that homes over 145 sqm in Milan make up a small portion of the total supply. For those wanting floor areas larger than three rooms while staying close to the city, the 115–145 sqm band offers a slightly larger number of homes (2,006.38 NTN in 2025), while the Hinterland offers more than double the sales volumes for large floor areas.
For those selling
Owners of a property above 145 sqm within the municipal boundaries of Milan deal with a select pool of buyers. With 1,757 sales a year, the market for this size remains stable and recovering (+7.71% in 2025).
For sector analysts
The 6.98% share reflects the urban and economic structure of Milan, where the high unit value per square metre directs most demand towards the segments between 50 and 85 sqm.
Frequently Asked Questions (FAQ)
How many homes above 145 sqm were sold in Milan in 2025?
In 2025 1,757.93 normalised sales (NTN) of homes with a floor area above 145 sqm were recorded in the municipality of Milan.
What is the percentage share of large floor areas in the Milan total?
Homes over 145 sqm represent 6.98% of total sales in the city of Milan.
How does this figure compare with the Milan Hinterland?
In the Milan Hinterland homes above 145 sqm represent 10.05% of transactions (4,563.66 NTN), showing a greater presence of large floor areas outside the urban centre.
Informative article based on the official data of the Real Estate Market Observatory (OMI) - Italian Revenue Agency for the years 2023, 2024 and 2025.