The formidable cold that once gripped the real estate market, freezing it in its tracks, appears to be a thing of the past in Monza. A comprehensive six-month study conducted by La Lombarda, Immobili & Aziende, paints a picture of a resurgent market with notable trends. The average selling prices of homes have experienced a remarkable recovery, bouncing back by 15% from 2007 to 2020. Despite the challenges faced in 2013, where sales dipped below 1000 units, the period from 2020 to 2023 signals a reboot for the sector, projecting an impressive 11.8% increase in prices, with a 4.3% growth expected between 2022 and 2023.
Mauro Danielli, the President of the Board of Directors at La Lombarda, projects a modest 0.8% growth in housing prices for 2024. However, Danielli underscores the overall uncertainty in the market, attributing it to two crucial factors: the fluctuation in interest rates and the earning capacity of families. Nationally, approximately 70% of property purchases are facilitated through mortgages. Danielli highlights the unique challenge in Monza as a shortage of supply, stating, “What is offered gets sold.”
Monza has witnessed a growing appetite for housing over the last decade. In 2014, 1113 properties were sold out of 3600 listed for sale. The absorption rate, or the percentage of homes sold compared to those on the market, has consistently risen since then. By 2018, the absorption rate reached 54%, with 1721 units sold out of 3021. In 2019, this percentage further increased to 68%. The turbulent year of 2020, marked by the COVID-19 pandemic, saw a dip to 60%, with 1751 homes sold out of 2902.
The years 2022 and 2023 present a scenario of limited inventory, with 2164 units sold out of 2500 in the former and 1929 out of 2349 in the latter. Concurrently, rental rates in Monza have experienced an upward trajectory, ranging from 700 to 1100 euros per month for one or two-bedroom apartments, showing a growth of 7.8% from 2022 to 2023. For a three-bedroom apartment, costs range from 900 to 1500 euros, indicating a 6.0% increase.
Simultaneously, Monza is becoming increasingly popular among foreign buyers who are willing to write substantial checks for a piece of the property. Danielli notes that while this clientele is currently limited, it is expected to grow as Monza becomes more attractive.
In conclusion, the real estate market in Monza has overcome past challenges and is poised for growth, driven by both domestic and international factors. The city’s resilience and evolving appeal make it an intriguing market to monitor in the years to come
Getting from Milan to Monza
Milan and Monza are two charming Italian cities, located in close proximity to each other, offering visitors a wealth of cultural and historical attractions. Exploring the famous Monza racing circuit is an exciting journey worth undertaking. In this article, we will guide you on how to easily and conveniently travel from Milan to Monza, including transfer options.
Public Transport
The simplest way to reach Monza from Milan is by train. Regular trains depart from Milano Centrale, the central railway station in Milan, to Monza. The train journey takes only 15-20 minutes, and you’ll find yourself in the heart of Monza.
Additionally, you can opt for buses that connect Milan and Monza. Bus routes are usually more flexible in terms of scheduling and can be a more economical option.
Transfers
If you prefer a more comfortable and individualized mode of transportation, consider using transfer services. Many companies offer transfers from Milan to Monza in comfortable vehicles with experienced drivers.
This option is particularly convenient if you have a lot of luggage, are traveling with family, or simply want to avoid the inconveniences associated with public transportation. Pre-booked transfers ensure that you are met at the airport or your Milan hotel and safely transported to Monza.
Personal Vehicle
If you have access to a personal vehicle, the drive from Milan to Monza takes around 30 minutes, depending on traffic. Roads are well-marked, and you can use navigation for the optimal route.
Bus
Another option is to take a bus from Milan to Monza. Buses provide a cost-effective means of transportation, and the journey typically takes around 30-40 minutes, depending on traffic conditions.
It’s important to note that transfer services may require advance booking, especially during peak times. Regardless of your chosen method, the journey from Milan to Monza promises to be enjoyable and exciting, allowing you to experience all that both cities have to offer.
Monza, Italia
SUBSCRIBE
REAL ESTATE IN MONZA
Welcome to our Facebook group, where real estate agents offer their unique services and clients find exactly what they need! If you’re a real estate agent providing professional services for buying, selling, or renting properties, share your expertise and listings here. And if you’re searching for the perfect home or commercial property, you’re in the right place. Join us, share your listings, and captivating photos to showcase the moments of your future home or business!
TRANSFER IN MONZA
TRANSFER IN ITALY
Malpensa Airport – Milan – from € 90.-
Como – Milan – from € 90.-
Bergamo – Milan – from € 90.-
Lugano – Milan – from € 140.-
Fiumicino Airport – Rome – from € 70.-
Ciampino Airport – Rome – from € 70.-
Civitavecchia – Rome – from € 150.-
Milan – Rome – from € 900.-
