The media reported on the influx of Britons from the UAE to Milan due to the conflict in the Middle East.

Due to the conflict in the Middle East, wealthy British citizens are moving to Milan instead of the UAE. This was reported on April 7 by The Guardian newspaper.

"Italy has the most advantageous advantages: a fixed tax and a good quality of life," said Armand Arton, a consultant who helps families of multimillionaires and billionaires move through investment citizenship programs.,

According to the Italian unified tax regime, foreign residents can pay €300,000 (£259,620) per year from all income abroad, which makes a small difference for rich people.

For many Europeans, Italy is the most strategically correct choice. Unlike the more stringent UK rules, new residents of Italy who have not paid taxes in the country for at least nine of the last 10 years can avoid paying tax on their foreign income in exchange for a fixed annual tax of 300,000 euros. They are then taxed on their Italian income and capital gains from investments for five years from the moment of choosing a single tax.

"Despite the fact that a single tax regime was introduced in Italy in 2017, which at that time amounted to €100,000, this did not attract a large number of people. The abolition of the non-dom regime is what really aroused interest, and it happened just when Portugal was tightening its rules," Mark Acheson, a financial planner, commented on the situation.

The influx of affluent residents is already driving up prices in Milan. According to a study by the real estate agency Knight Frank, over the past five years, house prices have increased by 38%. According to the Italian real estate portal Idealista, Milan recently overtook Venice as the most expensive city in Italy with an average price of €5,171 per square meter. m in November 2025. In some of the most sought-after areas, such as Sant'Ambrogio, Brera or San Marco, near the Cathedral, this growth is even more noticeable.

Italy has retained its leadership in the supply of sparkling wine to Russia

A tourist from Russia reported on March 3 that the prices of flights from the United Arab Emirates to Russian cities have increased dramatically. She added that her tour operator ignores any requests for flight changes. According to her, for tickets from Dubai to Novosibirsk or Yekaterinburg for three people with an infant, you have to pay about 360 thousand rubles. She called the cost of flights "cosmic"

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