MILAN
3 l Le charme d’une entrée typiquement milanaise.
Buying in Milan
Settling in Lombardy’s regional capital has become the latest trend. After Brussels and Lisbon, Milan is the new El Dorado. It must be said that the city combines creativity, dolce vita, and an advantageous tax system. By Eric Jansen Picture-postcard Italy with an almost provincial feel blending the charm of the past with a vibrant creativity, Milan has always been an attractive destination. For many years, it has been considered a must for design and fashion enthusiasts. Gio Ponti, Renzo Mongiardino, Giorgio Armani, Miuccia Prada – the list is long. And this modernity has been achieved without abandoning an elegant art de vivre, the likes of which no longer exist in many major cities. Both dynamic and traditional, Milan still symbolizes Italian chic to many, and its relatively modest size goes some way to explain its preserved authentic atmosphere. When traveling, this can also have its advantages as Linate Airport is just thirty minutes from the centre, and Lake Como and Portofino are only a one and a two-and-a-half-hour drive respectively… Another tangible aspect drawing increasing numbers to Milan: a favorable tax system. Although the flat tax on the foreign income of wealthy individuals who relocate to the country has increased to €300,000, there are other advantages such as a 50% exemption on income for the first five years for certain salaried activities, as well as particularly low inheritance taxes. Inevitably, these factors are transforming the real estate market, and so if you’re ready to take the plunge you would be well-advised to act quickly. Milan’s most sought-after neighborhoods are Brera, in the historic centre; Porta Nuova, with its modern international atmosphere; Citylife, with its luxurious resolutely contemporary architecture; and Magenta, more traditionally residential and popular with families.
www.christiesrealestate.com
143
Made with FlippingBook - Online catalogs