How the M4 metro affects the housing market

Who said that the new M4 metro in Milan is only useful for commuters? In reality, among the categories of people who will benefit most from the new city line are the owners of houses and apartments along the route, and in its immediate vicinity.

In fact, a study by Scenari Immobiliari has brought out a fact that is now there for all to see: the M4 has enhanced transit areas. Some examples? In the Argonne-Sismondi area, properties are now sold at an average price of 4,450 euros per square metre, a good 1,000 euros per square meter more than 10 years ago, for a growth of 29%. Double-digit increases also for the Mecenate-Forlanini area, which is recording +13%.

The areas crossed by the M4 underground line, according to Scenari Immobiliari, are very heterogeneous in terms of urban and building quality, but in any case they have been able to maintain and improve their attractiveness. Also thanks to the numerous urban redevelopment interventions that have been implemented concurrently with the works for the underground line, such as for example the re-functionalization of via Mecenate or the terminal section of via Lorenteggio, without counting the interventions at the Forlanini railway station, at the Policlinico, in Sant’Ambrogio, at the Horti and buildings in Corso Italia, and much more.

All of this, combined with the improvement in accessibility guaranteed by the new subway layout, has led to a generalized increase in property sales prices. The micro-zone between viale Argonne and via Sismondi is a striking case, but the rest of the districts crossed by the M4 will also have considerable variations in terms of the costs of real estate sales. Indeed, there is more: it is estimated that the market value of houses and apartments will increase further, thanks to the entry into operation of the line expected throughout 2023 until the beginning of 2024. On average, it is thought that the value average real estate could increase in the range between 7.5% and 12.5%.

The variation carries with it a double meaning. On the one hand, homeowners near one of the metro stations – especially those in the semi-central area – can rejoice. In fact, a market survey conducted by HomePal estimates that house prices rise by 10% in the first 500 meters from stops (there are 77,000 Milanese owners of apartments near the M4 stations under construction).

On the other hand, the flip side of the coin is that those who have to buy a house will find themselves faced with soaring prices that are difficult to manage. The +29% of Argonne is an extreme, however HomePal estimates an increase between 6 and 10% in the areas served by the Susa, Dateo and Tricolore stops, and between 5 and 8% for the stops in the Foppa, Washington areas and Solari.

The route of the M4

The M4 metro of Milan (blue line) was inaugurated on Saturday 26 November at Linate airport. The first 6 stations to be active are precisely Linate, piazzale Dateo, Repetti, Forlanini station, Argonne and Susa. During 2023 the line will arrive as far as San Babila, where it will interchange with the M1 metro, and the works will also continue in 2024 when the route will be opened in its interest, up to the San Cristoforo terminus.

In all, the M4 line of the Milan underground will have 21 stops, with 6 interchange points. It has been estimated that it can be used by as many as 86 million passengers a year, for whose transport 47 vehicles are planned.

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