The Province of Modena

The province of Modena is made up of 47 municipalities. The aggregation of municipalities into provincial macro-areas was mainly dictated by the presence of important natural morphological elements (the Panaro and Secchia rivers, the Apennine ridge) and a main road artery (Via Emilia), which clearly subdivide the territory, as well as by the socio-economic and environmental characteristics that influence the residential property market.

With 8,136 normalised transactions recorded in the residential segment during 2018, the province of Modena represents 1.2% of the entire national market and 15.7% of the regional market. In the past 5 years, the province of Modena has grown by 88.13% from 4,324.35 transactions in 2013 to 8,135.71 in 2018. In the last year alone (2017-2018), growth was 16.28%, the second highest among the provincial capitals in terms of percentage variation.

In terms of property size, transactions in the province of Modena can be broken down as shown:

In terms of sales figures, the provincial capital has a dominant role with a quotation equal to €2,703/m², followed by the southern semi-central area with €1,981/m² and the northern semi-central area with €1,754/m²; the economically most advantageous areas in the territory are those with a preponderance of other building segments (production and commercial), which act as a driving force for residential units.

The main industries are mechanics and living, ranging from top companies in the Motor Valley such as Ferrari and the MUNER campus on the one hand, and the ceramic tile district on the other, which gravitates around Sassuolo and accounts for 94% of the sector’s national export. In addition to specialization in agricultural machinery, the agribusiness industry boasts numerous specialities including balsamic vinegar, Parmesan cheese, and Vignola cherries. The province is also home to the most important regional biomedical and fashion districts, in Mirandola and Carpi respectively. A total of 695 foreign multinationals have invested in the province, including: CNH, Mohawk, Daimler, Manitou, Tetra Pak, Baxter, B.Braun Avitum, Medtronic, and Fresenius. Other outstanding companies include: Ferrari, Maserati, Pagani, Inalca, Panini, Liu.Jo, Florim, Kerakoll, and Twinset.

Modena holds 4th and 9th place nationally (out of over 100 cities) according to two smart city indexes (E&Y 2018, I-City Rank 2019). It enjoys an advantageous logistic position with numerous freight terminals, ModenaFiere (part of the Bologna exhibition centre) and a distance of 40 km to the airport and high-speed railway station of Bologna. The Modena Technopole is managed by the Democenter Foundation, a business innovation centre, and is home to innovation accelerators, spaces for companies and 7 laboratories (Intermech-MO.RE., Softech-ICT, CIDSTEM, CGR, ToP, MaB, and MS2).

The historic centre of Modena is a UNESCO World Heritage Site but the entire province offers a range of historical and artistic attractions that include the Ferrari Museum, the historic centre of Carpi and the hilltop villages. The province registers an annual presence of 1,625,000 visitors and an accommodation capacity of approximately 21,000 beds (2018). Natural attractions include the Tuscan-Emilian Apennines park and, especially, Monte Cimone, the region’s most important ski area. Food and wine tourism is combined with cultural attractions, which include the theatre named after Modena local Luciano Pavarotti and initiatives such as the Philosophy Festival.

For more information: https://www.emiliaromagnaturismo.it/it/localita/modena

• Università di Modena e Reggio Emilia: http://www.international.unimore.it/
• Visit Modena: https://www.visitmodena.it/it
• Teatro Pavarotti: https://www.teatrocomunalemodena.it/
• Musei Ferrari https://musei.ferrari.com/
• ModenaFiere http://www.modenafiere.it/
• MUNER https://motorvehicleuniversity.com/

Italian only:

• Tecnopolo di Modena: https://www.tecnopolomodena.it/
• Cap Modena: http://www.capmodena.it/