Milan · 78 m² · Apartment

Apartment at auction in Via Giosue Borsi 18, Milan, 78 m²

Via Giosue Borsi 18, Milano

Photos published with the sale documents. The official notice prevails.

The lot

Apartment of 78 m² in Milan: base price €343,268 (€4,401/m²), vacant (unlet home).

Type	Apartment
Rooms	3
Surface area	78 m²
Occupancy status	Vacant (unlet dwelling)
Deadline for offers	23/11/2026 at 15:30 · in 18 days
Auction date	26/11/2026
Minimum bid increment	It is set by the tender notice: it is written in the notice.
Type of sale	Public auction by ALER Milano for vacant public housing units

Offers due by Monday 23/11/2026 at 15:30; auction on Thursday 26/11/2026.

Read the text of the notice

From the notice: 3-room apartment, 78 m² cadastral, without lift, energy class F, full ownership. Call for bids: Housing Auction 26 November 2026 - ALER Milano - Piano Vendite.

How to take part

Sealed-bid offer on the ALER form, delivered by hand or by post to the Protocol Office at Viale Romagna 26, Milan, by the deadline in the notice. You need the sworn declaration (atto notorio), the offer form and, if you are bidding on someone else's behalf, the power of attorney. The flat can be viewed on the days indicated in the notice.

Visit the flat on the days indicated in the ALER notice.
Complete the offer form and the atto notorio (and the power of attorney, if you bid for others); prepare the deposit.
Deliver the sealed envelope to the Protocol Office at Viale Romagna 26, Milan, by Monday 23/11/2026 at 15:30.
Opening of the envelopes in a public session; if you are awarded the flat, notarial deed with your notary within the terms of the notice.

Official documents

The documents remain on the servers of the seller: here you will only find the link.

Data source: ALER Milano (official notice). Colpo d’Asta is a private service, not the official website of the sale: the notice prevails. Report an error or request removal of this listing.

Costs and conditions to factor in

The items below are the general rules for this type of sale: the exact figures are in the notice linked at the bottom.

Deposit as stated in the notice: check the percentage before preparing the cheque
Notarial deed with a notary chosen by the buyer within the terms of the notice
Registration tax or VAT, as in an ordinary sale
No commission to pay to the selling body. If you choose our assistance service, the fee is separate, and we will tell you in writing before we start

What you really need

Deposit: the notice sets the percentage; check it before bidding
Registration tax (imposta di registro): €6,965 if first home (prima casa) (2%, minimum €1,000) or €30,994 in other cases (9%, minimum €1,000), already including €100 of mortgage and cadastral taxes; if a business is selling, VAT may apply: the notice will say so. If you buy as a private individual and the sale is not subject to VAT, you can ask for the tax to be calculated on the cadastral value instead of the price: this is often much less. Ask the delegate or the notary.
Notary fees: approximately €3,433–€6,865 (1–2%)
Indicative total budget starting from €343,268: about €353,666–€381,127
Estimate starting from the base price: monthly instalment of about €1,177 with a 70% mortgage (€240,288) over 25 years at 3.3%; about €113,378 in savings needed: the 30% not covered by the mortgage (the deposit paid is part of it and is deducted from the price), the tax and the fees
These are estimates based on the general rules, not a quote: the exact figure depends on the notice, your tax situation and the bank.

The investment figures

What it is worth on the market

As it is: €358,800 – €507,000

OMI values for standard homes, area “Solari, P.Ta Genova, Ascanio Sforza”, first half of 2026, normal condition, × 78 m².

After a full renovation: €514,800 – €678,600

OMI values for the same area, excellent condition, × 78 m².

What the works cost

Works	€/m²	Total for 78 m²
LightPainting, minor repairs, sanitary ware and doors	€200 – €400	€15,600 – €31,200
MediumBathroom, kitchen, flooring and upgrading of the systems	€400 – €800	€31,200 – €62,400
FullNew systems, window frames, flooring, bathrooms, kitchen and partition walls	€700 – €1,300	€54,600 – €101,400

Sources: idealista.it, money.it, cosedicasa.com, varesenews.it. VAT on the works, designer fees and tax incentives excluded.

The potential margin

Scenario	Total cost	Resale	Margin
Resell as it isminimum offer €343,268 + taxes €30,994 + delegated professional €1,000 – €2,500	€375,262 – €376,762	€358,800 – €507,000OMI, normal condition	from −€17,962 to +€131,738
Fully renovate and resellminimum offer €343,268 + taxes €30,994 + delegated professional €1,000 – €2,500 + works €54,600 – €101,400	€429,862 – €478,162	€514,800 – €678,600OMI, excellent condition	+€36,638 – +€248,738

Estimates based on local averages and typical costs, not an appraisal or a quote: the actual condition is stated in the appraisal report.

Excludes VAT on the works, designer, tax credits, sale costs (agency) and taxes on capital gains if you resell within 5 years.

Where it is

If you rent it out

Starting rents estimated from rental contracts registered in 2025 in Milan (29,173 homes on a 4+4 open-market contract, 17.2 €/m² a month on average). Change the numbers to run your own figures.

Monthly rent (€)Months without a tenant (% of the year)Flat-rate rental tax (%)Total cost: price, taxes, works (€)

Simulated net per year€11,932

Gross income €16,068 a year. Yield on the total cost: gross 4.3%, net 3.2%. The net figure deducts the months without a tenant and the flat-rate tax, before IMU property tax, condominium fees, maintenance and utilities.

Rents: Italian Revenue Agency – OMI, registered contracts. Total cost, vacancy, occupancy and fee are Colpo d’Asta estimates. A simulation, not a promise of return nor tax advice.

The market here

Auctions in Milan ↗

Area value: in OMI area C18 “Solari, P.Ta Genova, Ascanio Sforza” (semi-central), for standard homes in normal condition, the Italian Revenue Agency gives between €4,600 and €6,500 per m² of gross floor area. At the starting price it costs €4,401 per m²: 4% below the minimum of the area. For 78 m² the area range is worth between €358,800 and €507,000. Rents in the area: 14.5–19.5 €/m² a month.Italian Revenue Agency – OMI, values for the first half of 2026. These are average values for the area: they do not reflect actual condition, occupancy or unauthorised works, and at auction the price can rise above the starting price.
23,776 homes sold in the last 4 quarters (provincial capital, MI), 54% with a mortgage. In Q2 2026: −1% on a year earlier.Italian Revenue Agency – OMI, data up to Q2 2026.
Average declared income in Milan: €41,865 a year.Italian Ministry of Economy and Finance, tax year 2024.

The monthly payment, as a guide

Loan amount (€)Term (years)Assumed interest rate (%)

€1,390 a month

Starting point: a mortgage of 80% of the starting price, 25 years, at the average rate of new mortgages in Italy (3.6%, ECB 2026-09). French amortisation at a fixed rate, fees and insurance excluded. Your bank sets the real rate: this is not a credit offer.

We call you back for free about this property

An agent reads the notice and the appraisal with you and explains the steps to take part. No commitment: any professional services and their costs are agreed beforehand.

The official notice of sale prevails.