{"id":32988,"date":"2020-02-28T12:37:27","date_gmt":"2020-02-28T11:37:27","guid":{"rendered":"http:\/\/localhost\/invest\/the-province-of-modena\/"},"modified":"2025-03-05T12:24:04","modified_gmt":"2025-03-05T11:24:04","slug":"the-province-of-modena","status":"publish","type":"page","link":"https:\/\/realestate.investinemiliaromagna.eu\/en\/the-province-of-modena\/","title":{"rendered":"The province of Modena"},"content":{"rendered":"

[vc_row full_width=”stretch_row” bg_type=”bg_color” bg_color_value=”#ffffff”][vc_column][vc_column_text]Modena is located in the heart of the regional Motor Valley – with brands such as Ferrari and Maserati – and boasts one of the world\u2019s 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 \u201cCeramics of Italy\u201d. 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).[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” css=”.vc_custom_1579089610744{margin-bottom: 0px !important;padding-bottom: 0px !important;}” bg_color_value=”#efefef”][vc_column][vc_column_text css=”.vc_custom_1578928335012{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Population<\/h2>\n

[\/vc_column_text][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n\n
MODENA<\/strong><\/td>\nData<\/strong><\/td>\nSource – Year <\/strong><\/td>\n<\/tr>\n
Total population<\/strong><\/td>\n708,589<\/td>\nRER – 2024<\/td>\n<\/tr>\n
Male<\/td>\n49.3%<\/td>\nRER – 2024<\/td>\n<\/tr>\n
Female<\/td>\n50.7%<\/td>\nRER – 2024<\/td>\n<\/tr>\n
% youth population (<15 years)<\/strong><\/td>\n12.6%<\/td>\nRER – 2024<\/td>\n<\/tr>\n
% elderly population (>65 years)<\/strong><\/td>\n23.7%<\/td>\nRER – 2024<\/td>\n<\/tr>\n
No. students enrolled in university<\/strong><\/td>\n18,936<\/td>\n\u00a0RER – a.y. 2023\/24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1578923502380{margin-bottom: 0px !important;padding-bottom: 0px !important;}”][vc_column][vc_column_text css=”.vc_custom_1741171980237{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Residential property market trends<\/h2>\n

(Source: OMI Agenzia delle Entrate; data processing: ART-ER)<\/p>\n

[\/vc_column_text][vc_column_text]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.<\/p>\n

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.<\/p>\n

In terms of property size, transactions in the province of Modena in 2023 can be broken down as shown:[\/vc_column_text][vc_row_inner][vc_column_inner][vc_round_chart type=”doughnut” style=”modern” stroke_width=”0″ values=”%5B%7B%22title%22%3A%226%25%20properties%20up%20to%2050%20sqm%20%22%2C%22value%22%3A%226%25%22%2C%22color%22%3A%22green%22%7D%2C%7B%22title%22%3A%2229%25%20properties%20between%2050%20sqm%20and%2085%20sqm%20%22%2C%22value%22%3A%2229%25%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%2232%25%20properties%20between%2085%20sqm%20and%20115%20sqm%22%2C%22value%22%3A%2231%25%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%2217%25%20properties%20between%20115%20sqm%20and%20145%20sqm%22%2C%22value%22%3A%2217%25%22%2C%22color%22%3A%22chino%22%7D%2C%7B%22title%22%3A%2217%25%20over%20145%20sqm%22%2C%22value%22%3A%2217%25%22%2C%22color%22%3A%22mulled-wine%22%7D%5D” animation=”easeOutBounce” css_animation=”fadeIn” el_class=”pie”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” bg_color_value=”#efefef” css=”.vc_custom_1579513538985{margin-bottom: 0px !important;padding-bottom: 0px !important;}”][vc_column][vc_column_text css=”.vc_custom_1578928354168{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Description of socio-economic context<\/h2>\n

Production specialisation, districts and specialities, foreign investors in the province
\n[\/vc_column_text][vc_column_text]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.<\/p>\n

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

Other top companies<\/strong> are Ferrari, Maserati, Pagani, Inalca, Panini, Liu.Jo, Florim, Kerakoll, Twinset.[\/vc_column_text][vc_column_text]<\/p>\n\n\n\n\n\n\n
Companies and work<\/strong><\/td>\nData<\/strong><\/td>\nSource – Year<\/strong><\/td>\n<\/tr>\n
Number of local units<\/strong><\/td>\n79,578<\/td>\nInfocamere – 2024<\/td>\n<\/tr>\n
Employees<\/strong><\/td>\n301,039<\/td>\nInfocamere – 2024<\/td>\n<\/tr>\n
Unemployment rate<\/strong><\/td>\n5.3%<\/td>\nIstat – 2023<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” bg_color_value=”#efefef” css=”.vc_custom_1579513548060{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_column][vc_row_inner css=”.vc_custom_1579513680868{margin-top: 0px !important;padding-top: 0px !important;}”][vc_column_inner width=”2\/3″][vc_column_text]<\/p>\n

Employees by key sector
\n(Infocamere 2024, data processing by ART-ER)<\/h2>\n

[\/vc_column_text][vc_progress_bar values=”%5B%7B%22label%22%3A%22Mechanical%20engineering%22%2C%22value%22%3A%2272303%22%2C%22color%22%3A%22mulled-wine%22%7D%2C%7B%22label%22%3A%22Building%20and%20construction%22%2C%22value%22%3A%2266901%22%2C%22color%22%3A%22orange%22%7D%2C%7B%22label%22%3A%22Agrifood%22%2C%22value%22%3A%2240413%22%2C%22color%22%3A%22green%22%7D%2C%7B%22label%22%3A%22Health%22%2C%22value%22%3A%2224413%22%7D%2C%7B%22label%22%3A%22Fashion%22%2C%22value%22%3A%2214214%22%7D%2C%7B%22label%22%3A%22Culture%20and%20creativity%20(2023)%22%2C%22value%22%3A%2215018%22%7D%2C%7B%22label%22%3A%22Chemical%20industry%20and%20plastic%20materials%22%2C%22value%22%3A%222293%22%7D%5D” options=”animated” css_animation=”fadeIn” units=”_employees”][\/vc_column_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” css=”.vc_custom_1579107110843{margin-bottom: 0px !important;padding-bottom: 0px !important;}” bg_color_value=”#efefef”][vc_column][vc_column_text css=”.vc_custom_1578928289565{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Services<\/h2>\n

Innovation, transport, smart city, etc.<\/p>\n

[\/vc_column_text][vc_column_text]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).\u00a0It 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).[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1578923502380{margin-bottom: 0px !important;padding-bottom: 0px !important;}”][vc_column][vc_column_text css=”.vc_custom_1578928301027{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Cultural and natural heritage, accommodation, tourism<\/h2>\n

[\/vc_column_text][vc_column_text]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\u2019s 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.<\/p>\n

For more information: https:\/\/emiliaromagnaturismo.it\/en\/towns\/modena<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” css=”.vc_custom_1579520775911{margin-bottom: 0px !important;padding-bottom: 50px !important;}” bg_color_value=”#ffffff”][vc_column][vc_column_text css=”.vc_custom_1579105121954{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Map of main structures and infrastructure<\/h2>\n

[\/vc_column_text][vc_row_inner][vc_column_inner width=”2\/6″ css=”.vc_custom_1579613851224{border-radius: 10px !important;}”][vc_column_text]<\/p>\n\n\n\n\n\n\n\n
Distanze<\/strong><\/td>\nKm<\/strong><\/td>\n<\/tr>\n
Modena<\/span>\u00a0\u2013 Bologna<\/b><\/td>\n43<\/td>\n<\/tr>\n
Modena<\/span> \u2013 Verona<\/b><\/td>\n105<\/td>\n<\/tr>\n
Modena<\/span> \u2013 Firenze<\/b><\/td>\n133<\/td>\n<\/tr>\n
Modena<\/span>\u00a0\u2013 Milano<\/b><\/td>\n177<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_single_image image=”33046″ img_size=”full”][\/vc_column_inner][vc_column_inner width=”4\/6″][vc_single_image image=”32996″ img_size=”full” alignment=”right”][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”32990″ img_size=”full” alignment=”center” onclick=”zoom” css=”.vc_custom_1581700135360{margin-bottom: 0px !important;padding-bottom: 0px !important;}”][vc_column_text css=”.vc_custom_1581093132555{margin-bottom: 0px !important;padding-top: 50px !important;padding-bottom: 0px !important;}”]<\/p>\n

A selection of companies from the Modena<\/strong><\/h2>\n

[\/vc_column_text][vc_row_inner css=”.vc_custom_1581005084281{margin-top: 30px !important;}”][vc_column_inner width=”1\/6″][vc_single_image image=”33016″ img_size=”” alignment=”center” css=”.vc_custom_1581672144664{margin-top: 50px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33014″ img_size=”75×120″ alignment=”center” css=”.vc_custom_1581672263810{margin-top: 0px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33012″ img_size=”” alignment=”center” css=”.vc_custom_1581672389731{margin-top: 40px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33010″ img_size=”” alignment=”center” css=”.vc_custom_1581672396383{margin-top: 45px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”32998″ img_size=”127×38″ alignment=”center” css=”.vc_custom_1581672402063{margin-top: 42px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33006″ img_size=”” css=”.vc_custom_1581672830074{margin-top: 42px !important;}”][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=”.vc_custom_1581005365704{margin-top: 20px !important;}”][vc_column_inner width=”1\/6″][vc_single_image image=”33004″ img_size=”85×133″ alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33002″ img_size=”” alignment=”center” css=”.vc_custom_1581672919012{margin-top: 47px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”32994″ img_size=”144×77″ alignment=”center” css=”.vc_custom_1581672968167{margin-top: 28px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”33150″ img_size=”108×108″ alignment=”center” css=”.vc_custom_1581673112052{margin-top: 10px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][vc_single_image image=”32992″ img_size=”” alignment=”center” css=”.vc_custom_1581673118497{margin-top: 20px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1579107020416{margin-bottom: 0px !important;padding-bottom: 50px !important;}”][vc_column][vc_column_text css=”.vc_custom_1581093099973{margin-bottom: 20px !important;padding-bottom: 0px !important;}”]<\/p>\n

Real estate in Modena<\/strong><\/h2>\n

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