In a bid to restart Milan’s construction boom, the Italian parliament has passed the "Save Milan" bill, which introduces significant changes to urban planning regulations. The bill, supported by both the ruling center-right majority and the opposition Democratic Party (PD), has been sent to the Senate for final approval.
Milan, a hub of real estate investment since its transformation during the 2015 Expo, has attracted over $30 billion in property investments. However, complaints from residents about the rapid rise of multi-storey buildings led to over 100 construction projects being halted amid investigations into alleged irregularities in the fast-tracking of building permits.
The new legislation clarifies and validates Milan’s streamlined permit processes, which have been under scrutiny. Builders can now obtain simpler renovation permits for replacing single-storey structures with high-rises, circumventing the need for more comprehensive and costly new building plans.
Under current regulations, projects classified as new builds require developers to invest in social infrastructure, such as green spaces or bike lanes, and pay significantly higher fees to municipalities—at least three times more than conversions. Conversions, which involve tax incentives, are expected to gain momentum under the new law.
Giancarlo Tancredi, Milan’s urban renewal councillor, praised the bill, expressing hope for a calmer climate and renewed focus on urban development. Federico Filippo Oriana, president of the real estate developers’ association Aspesi, also welcomed the law, stating that it lays the groundwork for resuming stalled projects.
While the bill addresses regulatory ambiguities, investigations into allegations of fraud and influence peddling will proceed, according to judicial sources. Prosecutors have not commented on the legislation.
The law aims to restore confidence in Milan’s construction sector, which has been on hold for over a year due to legal uncertainties. It is anticipated to provide much-needed clarity and stability for developers while addressing public concerns about rapid urbanization.
If successful, the "Save Milan" initiative could reignite the city’s real estate market and reinforce its status as a leading destination for international property investment.
