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  2. The province of Modena
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The province of Modena

Modena is located in the heart of the regional Motor Valley – with brands such as Ferrari and Maserati – and boasts one of the world’s most important ceramics districts in Sassuolo, representing a regional sector that exports 92% of the national value (Istat 2023) and related to the international exhibition Cersaie held in Bologna and to the national brand “Ceramics of Italy”. In addition, in the northern part of the province there is one of the main biomedical districts in Europe. The province of Modena has a population of 708 thousand residents and is home to the University of Modena and Reggio Emilia with 19,000 students only in Modena enrolled in 2023-24 (RER), and the Motorvehicle University of Emilia-Romagna (MUNER). The city of Modena enjoys an advantageous logistic position with important freight terminals and proximity to Bologna (about 40 km). The territory offers a wide range of historical and natural attractions: besides the historic centre of Modena that is UNESCO World Heritage Site, we find the Tuscan-Emilian Apennines, food excellences (from balsamic vinegar to Parmesan), and lively cultural offer (from the Pavarotti theatre to the Philosophy Festival).

Population

MODENA Data Source – Year
Total population 708,589 RER – 2024
Male 49.3% RER – 2024
Female 50.7% RER – 2024
% youth population (<15 years) 12.6% RER – 2024
% elderly population (>65 years) 23.7% RER – 2024
No. students enrolled in university 18,936  RER – a.y. 2023/24

Residential property market trends

(Source: OMI Agenzia delle Entrate; data processing: ART-ER)

The province of Modena is made up of 47 municipalities and there are 6 Unions of 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.

In the past 2018-23 period, the number of property normalised transactions in the province of Modena grew by 17.6% from 8,135 in 2018 to 9,572 in 2023.

In terms of property size, transactions in the province of Modena in 2023 can be broken down as shown:

  • 6% properties up to 50 sqm
  • 29% properties between 50 sqm and 85 sqm
  • 32% properties between 85 sqm and 115 sqm
  • 17% properties between 115 sqm and 145 sqm
  • 17% over 145 sqm

Description of socio-economic context

Production specialisation, districts and specialities, foreign investors in the province

Mechanics, building and construction and agri-food represent the main value chains, with a very important share, however, also of the health and fashion industries. The territory includes top companies in the Motor Valley such as Ferrari, Maserati and the Muner campus, the ceramic tile district around Sassuolo exporting 92% of the national sector (2023). In addition to the specialization in agricultural machinery, the agri-food sector has numerous excellences including balsamic vinegar, Parmesan cheese, Vignola cherries. In the province we also find the most important regional districts for biomedical and fashion, respectively in Mirandola and Carpi.

There are 318 companies in the province with a turnover of more than 1 million euros controlled by a foreign global ultimate owner (2023, Aida BvD, elab. ART-ER), including Marazzi-Mohawk, Daimler, Manitou, TetraPak, Baxter, B.Braun Avitum, Medtronic, Fresenius, Motovario, Havi Logistics.

Other top companies are Ferrari, Maserati, Pagani, Inalca, Panini, Liu.Jo, Florim, Kerakoll, Twinset.

Companies and work Data Source – Year
Number of local units 79,578 Infocamere – 2024
Employees 301,039 Infocamere – 2024
Unemployment rate 5.3% Istat – 2023

Employees by key sector
(Infocamere 2024, data processing by ART-ER)

Mechanical engineering 72303_employees
Building and construction 66901_employees
Agrifood 40413_employees
Health 24413_employees
Fashion 14214_employees
Culture and creativity (2023) 15018_employees
Chemical industry and plastic materials 2293_employees

Services

Innovation, transport, smart city, etc.

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).

Cultural and natural heritage, accommodation, tourism

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 1,879,961 visitors in 2024 and an accommodation capacity of 20,659 beds (2023). 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://emiliaromagnaturismo.it/en/towns/modena

Map of main structures and infrastructure

Distanze Km
Modena – Bologna 43
Modena – Verona 105
Modena – Firenze 133
Modena – Milano 177

A selection of companies from the Modena

1200px-Logo_della_Ferrari_S.p.A.
Logo_Liu_Jo
Maserati
8b051500cb272e218945b85582a37e3d
Tetra Pack

Real estate in Modena

1
Featured
Sale
Free/Available

SANTA CATERINA PRODUCTIVE AREA

The position of Santa Caterina Industrial area between the railway and ring road infrastructure systems confirms it [more]
The position of Santa Caterina Industrial area between the railway and ring road infrastructure systems confirms it [more]
full info
celestep
4
ABRENUNZIO RAVARINO MODENA
ABRENUNZIO RAVARINO MODENA
ABRENUNZIO RAVARINO MODENA
Other
Free/Available

ABRENUNZIO RAVARINO MODENA

Area of 101,300 sqm. with lots of various sizes for a surface area available of 57.578 sqm with commercial, craft, [more]
Area of 101,300 sqm. with lots of various sizes for a surface area available of 57.578 sqm with commercial, craft, [more]
full info
celestep
4
“COMA VECCHIA” PRODUCTIVE AREA
“COMA VECCHIA” PRODUCTIVE AREA
“COMA VECCHIA” PRODUCTIVE AREA

“COMA VECCHIA” PRODUCTIVE AREA

Production plant located in Novi di Modena, about 4 Km. from the Rolo/Reggiolo highway entrance. Areas and services [more]
Production plant located in Novi di Modena, about 4 Km. from the Rolo/Reggiolo highway entrance. Areas and services [more]
full info
betti-bigi

In-depth links

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