5Milan, Italy

Milan is imbued with style — after all, it’s Italy’s capital of fashion — and this extends to its magnificent buildings, which are a mix of the very ancient (the 1,600-year-old Basilica di Sant’Ambrogio) and the cutting-edge contemporary (Boeri Studio’s Vertical Forest towers, one of Europe’s largest and most spectacular regeneration projects).

But the city is also Italy’s financial capital and its property market has awoken from the Covid slumber, with strong growth expected for 2022.