TO Milan There are 510 cars per thousand inhabitants. A figure lower than the national average, which stands at 660, and that of Romeat 640, but still much higher than what is recorded in the large European capitals, given that a London there are 351 cars per thousand inhabitants, a Berlin 337 and in Paris 250. From these data, elaborated from the report on urban areas of Commuting (Legambiente) it turns out that in the city they must find space only for the needs of its inhabitants 700 thousand cars.
Twenty years ago According to ACI estimates, there were 739 thousand cars, in an area which also had 150 thousand fewer inhabitants. So there was a reduction in carsthanks to a concomitant series of factors, such as i limits circulation and parking, l‘aging of the population, the two lines more than subwaythe sharp increase in costs purchase and management of vehicles. There would also be the car sharing, but the impact has always been rather limited and now, according to the Municipality’s mobility agency, rentals are in sharp decline. At present though the objective declared by Mayor Sala of 40 cars per 100 inhabitants still appears far away.
All this to say that in Milan there is still a strong request for garages and parking spaces, also because, according to land registry data, the real estate units classified as C6, a category that includes garages and parking spaces, are 394 thousand and certainly not all of them are used for parking. The garage is a question of necessity, to park and defend the value of the car, but also of investmentgiven that the value is maintained over time and for those who want to earn an income the rent of car parks has no regulatory constraints (rent and duration of the contract are free) and we would not swear that all those who rent register the contracts by paying taxes.
From the latest price list data Chamber of Commerce developed with the assistance of real estate agents Fima in Milan some considerations can be drawn about the market. Comparing the prices detectable from the latest available price list with those from five years ago a emerges average increase in values of 12.7%. According to the data the Stronger increases occurred between Città Studi and Viale Corsicawith tips above 50% in via Pacini and viale Argonne. It touches the 30% in Brera. Six-figure prices for a single box per Quadrilateral (top values at 155 thousand), a Brera (118 thousand) and others San Babila (100 thousand). Costs more low to the Gallaratese it’s at Deceptionswhere they are spent from 15 to 21 thousand euros.
When talking about the price of the garages, however, we must keep in mind that the values change, for the same area, a second of the underground floor where they are located. The most advanced ones Bass they are worth less because they are considered, understandably, less safe and moreover in some areas of the city they risk being infiltrated by the groundwater. The progressive extension of paid parking to the peripheral areas of the city could make the demand from those who live in areas where there are professional activities during the day less pressing, because the presence of yellow stripes the possibility of parking for residents increases and the prospects of revaluation for those who purchase are more limited.
For the condominiums there is also the possibility of create parking spaces, provided that at least one is made available for each condominium owner who intends to contribute to the expenses, in areas located in the building or in appurtenant areas. This is thanks to one law due precisely to a former mayor of Milan, Carlo Tognoli. The making of new boxeslike the purchase of a garage in a building under construction, is tax advantaged, because the costs for the construction of the parking lot (to be highlighted on the invoice compared to the overall price) are50% extractable in 10 years up to a spending ceiling of 96 thousand euros as long as the garage is pertinent.
An increase in the availability of garages in Milan was recorded between the end of the last century and the beginning of this one, thanks to car parks created by the Municipality and sold under surface rights with restrictions on resale, but the interventions always caused inconveniences often resulting in litigation and that season ended.
Finally, let us remember that with regards to taxes the treatment of the boxes changes depending on whether they are relevance of the house or not. If yes, within the limit of one garage for each property, in case of purchase of a main residence there are reduced taxes (register or VAT), for IMU there is an exemption if it concerns a non-luxury first home. For relevance it is not necessary for the garage to be in the same building as the home but it must be reasonably closea maximum of one kilometer according to the Revenue Agency.
