The market for luxury flats in Milan is booming as bankers, fund managers and private equity investors are flocking to Italy’s financial capital.

Thousands of foreigners and Italian nationals have relocated to the country since the government started granting generous tax breaks in 2017 to lure new arrivals. That has helped tilt Milan’s real estate market toward the high-end, especially as the city has become a popular landing spot for finance workers leaving London in the wake of Brexit.