Introduction to the Walled City of Como
The Walled City is the beating heart and the most historically prestigious part of Como. Marked by evocative lanes, elegant squares, a wide range of services, exclusive shops and an excellent network of pedestrian routes and links towards the lakefront and the station, this area has always been one of the most sought after both by residents and by international investors.
For anyone wishing to buy or rent a property in this central district, knowing the official market values is essential. The data reported below comes directly from the OMI database of the Italian Revenue Agency and refers to the second half of 2025.
Buying: values per square metre
Purchase prices in the Walled City vary appreciably according to the condition of the property, with a clear premium for finely renovated or newly built homes.
The market values for residential sales and ancillary units are as follows:
| Type | Sale €/sqm |
|---|---|
| Civil dwellingsExcellent condition | 4,200 – 6,000 |
| Civil dwellingsNormal condition | 2,900 – 4,200 |
| GaragesNormal condition | 3,000 – 4,500 |
Buying a property in need of renovation (normal condition) offers a more accessible entry point, while properties in excellent condition reach top values thanks to strong demand for prestige homes.
Monthly rents
The rental market in the Walled City records constant demand, sustained by workers, professionals and tourism. The table below shows the monthly rents per square metre set by the Italian Revenue Agency for the central area:
| Type | Rent €/sqm month |
|---|---|
| Civil dwellingsNormal condition | 12 – 15.5 |
| GaragesNormal condition | 10.7 – 14.8 |
Note: for civil dwellings in excellent condition the official OMI rents are not stated in the survey for this half-year.
A practical example of rent calculation
To better understand the economic impact of these values on a rental contract, here are two practical examples:
80 sqm apartment (Normal condition). Estimated minimum rent: 80 sqm × €12.00/sqm = €960 a month; estimated maximum rent: 80 sqm × €15.50/sqm = €1,240 a month.
15 sqm garage (Normal condition). Estimated minimum rent: 15 sqm × €10.70/sqm = €160.50 a month; estimated maximum rent: 15 sqm × €14.80/sqm = €222.00 a month.
Why invest in the Walled City of Como
Investing in the historic centre of Como continues to be a strategic and profitable choice for three key reasons:
Exclusive position and high quality of life: the centrality of the Walled City ensures proximity to all primary services, to cultural attractions and to the charm of Lake Como, keeping property demand always at the highest levels.
Strong retention of value over time: as an area of high historic density with virtually no building land available, properties preserve and increase their value in the long term.
Excellent rental profitability: strong demand both for long-term residential lettings and from the tourism sector assures stable returns and short vacancy periods.