Reggio Emilia is centrally located within the region and enjoys first-class infrastructures that include the Mediopadana high-speed railway station which is connected to the main national and European cities and exhibition centres. The territory has a population of 533,000 inhabitants and is home to the University of Modena and Reggio Emilia which has over 8,800 students enrolled in the province’s campuses alone. The main industry is mechanical engineering, followed by housing/building and agribusiness. Internationally renowned for having the best nurseries in the world, the area is not lacking in historical and natural attractions (the Tuscan-Emilian Apennines and the Po river) completed by a lively gastronomic and cultural scene.
|REGGIO EMILIA||Data||Source – Year|
|Total population||533.158||Istat – 2019|
|Male||49%||Istat – 2019|
|Female||51%||Istat – 2019|
|% youth population (<15 years)||14,4%||Istat – 2019|
|% elderly population (>65 years)||21,5%||Istat – 2019|
|No. students enrolled in university||8.846||Miur – a.a. 2017/18|
Residential property market trends
(SOURCE OMI, ARTER)
The province of Reggio Emilia is made up of 45 municipalities. In the past 5 years, the number of normalised transactions in the province has grown by 90.57%, from 2,964.63 in 2013 to 5,649.93 NTN in 2018, when it represented 1.00% of the entire national market and 12.13% of the regional market.
All areas in the province recorded an increase in transactions in 2018 compared to 2017, peaking in the Pianura Est macro-area (Luzzara, Reggiolo, Rolo, Fabbrico, Campagnola Emilia and Rio Saliceto). Reggio Emilia registered the best result in terms of percentage variation with a growth of + 20.1% in 2018.
In terms of property size, transactions in the province of Reggio Emilia can be broken down as shown:
- 4% properties up to 50 sqm
- 26% properties between 50 sqm and 85 sqm
- 32% properties between 85 sqm and 115 sqm
- 16% properties between 115 sqm and 145 sqm
- 21% over 145 sqm
After Piacenza, Reggio Emilia is the second province in the region for the purchase of properties over 145 m2.
Comparison of the 2018 IMI figures for the municipalities in Emilia-Romagna with respective national and regional figures reveals that Reggio Emilia is among the municipalities that enjoy a lively market superior to both the national and regional average.
The average price for the provincial capital is €1,312/m2.
Description of socio-economic context
Production specialisation, districts and specialities, foreign investors in the province
Mechanical engineering represents the main economic sector (in particular “mechanical equipment” and “metal products”), followed by housing/building and agribusiness, with significant specialisations in sectors such as machinery for agriculture and important clothing and plastic districts.
A total of 383 foreign multinationals have invested in the province, including: Tetra Pak, Trivium Packaging Italy, Kohler, Dana, Jvc Kenwood, Danfoss, AVL, Snap-On Equipment, Bucher Hydraulics, Rexnord, and Dover (Butler).
Other outstanding companies include: Padana Tubi, MaxMara, ArgoTractors, Comer Industries, GranitiFiandre, Elettric80, Metasystem, and InterPump.
|Companies and work||Data||Source – Year|
|Number of local units||53.811||Smail – 2017|
|Employees||193.583||Smail – 2017|
|Unemployment rate||4,2%||Istat – 2018|
Employees by supply chain (Smail 2017)
Innovation, transport, smart city, etc.
Reggio Emilia holds 10th place nationally (out of over 100 cities) in the 2019 smart city index by I-City Rank (Forum PA). The Mediopadana high-speed railway station designed by Calatrava (average travel times: Milan 45 minutes, Rome 2 hours and 20 minutes) is located in the North Area of the city, new hub for the territorial economic development and innovation. In the same area there are the Innovation Park – home to innovative companies – and the Technopole that integrates 4 research laboratories in the mechatronics sector. The Loris Malaguzzi – international centre of excellence in the sector of the educational processes – is also located here.
Cultural and natural heritage, accommodation, tourism
Reggio Emilia is home to a wide range of buildings of historical and artistic interest, starting in the provincial capital city and up to the villages and castles scattered across the territory. The province registers an annual presence of 845,000 visitors and an accommodation capacity of approximately 11,000 beds (2018). Naturalistic attractions include the Tuscan-Emilian Apennines park, the Po and the Pietra di Bismantova mountain. Food and wine tourism (Parmigiano Reggiano, Lambrusco, etc.) is combined with cultural initiatives such as the European Photography Festival and structures such as the municipal theatre.
For more information: https://www.emiliaromagnaturismo.it/it/localita/reggio-emilia
Map of main structures and infrastructure
|Reggio Emilia – Bologna||71,6|
|Reggio Emilia – Verona||119|
|Reggio Emilia – La Spezia||152|
|Reggio Emilia – Milano||154|
A selection of companies from the Province of Reggio Emilia
Real estate in Reggio Emilia
- Reggio Emilia – Città del Tricolore: https://turismo.comune.re.it/it
- Università di Modena e Reggio Emilia: http://www.international.unimore.it/
- Reggio Children: https://www.reggiochildren.it/
- Centro Internazionale Loris Malaguzzi: https://www.reggiochildren.it/centro-internazionale-loris-malaguzzi/
- Festival Fotografia Europea: https://www.fotografiaeuropea.it/
- Tecnopolo di Reggio Emilia: https://tecnopolo.re.it/
- Stazione Mediopadana Alta Velocità: http://www.stazione-mediopadana.it/
- Comune di Reggio Emilia: https://www.comune.re.it/