Housing, big cities unaffordable: in Milan unaffordable mortgage even with 59,000 euro income

An income of 59,000 euro is not enough to support a mortgage because the instalments absorb 35% of net monthly income, thus exceeding the 30% threshold that is the parameter used by banks to assess the sustainability of a mortgage. It is happening in the central area of Milan and this is what emerges from the estimates of the Ance (National Association of Builders) illustrated at the conference "Città da vivere. How to relaunch the Italian city model'.

The situation is even more complicated for Milanese families with an income of 41,000 euro: the burden of the mortgage in fact reaches 50%. But the Lombard capital is not the only case because values not far off are also recorded in other urban centres. In Rome, those with an income of around 33 thousand euro should allocate 36% of it to the mortgage. In Turin, for those earning 32 thousand euro, 30% of income is needed to meet the instalments. In Naples, with 26,700 euro a year, the instalment weighs in at 34%.

A situation in which houses are still sold: in 2025 in Milan 93% of the square metres on the market are sold. In Rome it comes to 94.6. All values have been growing in recent years.

In the four cities taken into consideration by Ance, the ratio between those who earn more and those who earn less exceeds the national average: in Milan the richest class of the population earns 27 times more than the poorest, in Rome 18 times, in Turin 15 and in Naples 13.