Thousands of foreigners and nationals are moving to the northern Italian city, lured by generous tax breaks and the Mediterranean.
The market for luxury flats in Milan is booming as bankers, fund managers and private equity investors are flocking to Italy’s financial capital.
“Since Lehman, European real estate market went for a run, while Italy just walked. But it did it steadily,” said Mario Breglia of real estate research firm Scenari Immobiliari.
CityLife, a mixed-use luxury district on the northeast outskirts of the city featuring swanky buildings by starchitects Daniel Libeskind, Zaha Hadid and Arata Isozaki, is a striking showpiece of the new Milan.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Further uncertainty': Refugee advocates say government's TPV decision still leaves thousands in limboRefugee advocates are seeking clarity on the fate of 12,000 asylum seekers, despite a 'monumental' decision for temporary protection visa holders.
Read more »
Catholic Church sex abuse panel points to thousands of victimsSenior Portuguese church officials had previously claimed that only a handful of cases had occurred.
Read more »
'Shortages everywhere': NT heads overseas to in a bid to fill thousands of job vacanciesIndustry groups and the NT government are travelling as far as the UK and India in an effort to ease crippling worker shortages in hospitality, mining and construction.
Read more »
Thousands of Ukrainian children put through Russian ‘re-education’ camps, US report findsNew report details network of dozens of Russian camps aimed at giving children pro-Moscow views, with some children detained indefinitely
Read more »
$500,000 of illegal tobacco and vapes seized in raids after reports they were allegedly sold to childrenTwo people have been arrested after more than 100kg of illicit tobacco and thousands of illegal vapes were allegedly seized from businesses in North Queensland.
Read more »
Firefighter missing as Cyclone Gabrielle thrashes New ZealandThousands of New Zealanders are still without power while at least 2,500 people are understood to be displaced as Cyclone Gabrielle continues to wreak havoc on the country’s North Island.
Read more »