Living or investing in central Milan has always been a byword for prestige, elegance and financial stability. Among the most coveted and fascinating areas of the city, the district taking in Parco Sempione, the Arco della Pace and Corso Magenta undoubtedly stands out. This splendid urban area combines the vast green lung of the city's most celebrated park with the cultural vitality of its historic monuments and the residential exclusivity of Corso Magenta, one of the most upmarket and history-rich streets in all of Milan. Outstanding metro connections (lines M1, M2 and the nearby M5), the historic tram routes and an unrivalled offering of high-fashion shops, historic cafés and excellent schools make this district an absolute point of reference for families, professionals and international investors.
To understand how this exclusive market is really performing, we analyse the official data published by the Italian Revenue Agency in the OMI database (Property Market Observatory) for the second half of 2025. These values are the official barometer of the Milanese property market for the Central band of the city.
Buying: prices per square metre
The sales market in the Parco Sempione - Arco della Pace - Corso Magenta area stands confirmed as extremely solid, with values reflecting the very high quality of the building stock and the scarcity of supply relative to demand. Below are the official values per square metre, broken down by property type and state of repair:
| Type | Sale €/sqm |
|---|---|
| Upmarket dwellingsExcellent condition | 10,300 – 14,000 |
| Upmarket dwellingsNormal condition | 8,000 – 10,200 |
| Civil dwellingsExcellent condition | 7,900 – 11,500 |
| Civil dwellingsNormal condition | 6,100 – 8,200 |
| GaragesNormal condition | 2,700 – 4,100 |
The data shows a significant spread between "normal" and "excellent" condition (renovated or recently built), a sign that buyers in this area are willing to pay a substantial premium for homes ready to live in and finished with prestige materials. The garage market also stands at high values, testifying to the chronic shortage of parking in one of the most protected historic areas of the city.
Renting: monthly rents
The rental market in this central area is particularly dynamic, fuelled by managers, professionals and academics prepared to spend significant sums for a prestige home or one extremely convenient for the historic centre.
The following table summarises the minimum and maximum monthly rents expressed in euros per square metre a month (€/sqm/month):
| Type | Rent €/sqm month |
|---|---|
| Upmarket dwellingsExcellent condition | 27.1 – 37 |
| Upmarket dwellingsNormal condition | 19 – 27 |
| Civil dwellingsExcellent condition | 26.5 – 35 |
| Civil dwellingsNormal condition | 17.6 – 26.4 |
| GaragesNormal condition | 11 – 19 |
Practical Examples of Monthly Rent Calculation
To make these figures more concrete for private individuals and owners looking to let their property, here are two practical examples based on average rates per sqm:
60 sqm apartment in excellent condition (civil dwellings). Minimum monthly rent: 60 sqm × €26.5/sqm = €1,590; maximum monthly rent: 60 sqm × €35.0/sqm = €2,100. What this means: a carefully renovated and furnished one-bedroom flat in this area has a market value realistically ranging between €1,590 and €2,100 a month (service charges excluded).
80 sqm apartment in normal condition (civil dwellings). Minimum monthly rent: 80 sqm × €17.6/sqm = €1,408; maximum monthly rent: 80 sqm × €26.4/sqm = €2,112. What this means: a two-bedroom flat not recently renovated but in good order sits in a rental band of between roughly €1,400 and over €2,100 a month.
Why invest in this area?
Looking at the trend and stability of the official OMI values, buying a property in the Parco Sempione - Arco della Pace - Corso Magenta area is one of the safest investment choices on the Milanese scene, for three key reasons:
Unassailable asset value: areas adjoining the great historic parks and monumental districts have historically been shielded from negative market swings. The structural scarcity of new building land keeps the value per square metre consistently high and tending to appreciate over time.
First-rate rental returns: with rents that can reach €35/sqm/month for civil dwellings in excellent condition and a full €37/sqm/month for upmarket ones, this area guarantees a steady, secure cash flow, with vacancy rates close to zero thanks to constant demand from high-income professionals and expatriates.
Flexibility of use: the extreme tourist appeal of the Arco della Pace and the proximity of institutional and artistic hubs allow owners to choose easily between traditional long-term residential lettings, short-term corporate contracts for managers or luxury holiday lets, further maximising the overall return on the asset.