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The Growth of the “Living” Market in Spain

The major players in the market note that investment in the sector is booming, despite the challenges, such as the need for a regulatory framework.

Interior Coliving de Corestate en Chicago fuente Quarter

The living sector – which brings together five sub-sectors: student accommodation, shared-use housing, multi-family properties, affordable housing and healthcare assets – is just beginning in Spain, though it is gradually gaining ground.

For coliving, Leticia Pérez, managing director of Dazia Capital, explained during the online event’ Living as a service’, organised by Simplifika and Atlas RE, that “it is a formula that has accelerated during the pandemic” and that “it is not difficult for investors to invest in coliving, because we are in a very favourable market environment.”

However, all participants agreed that although there are still many aspects to be defined within the sector, it is a booming market that will grow considerably, both in terms of volume and investment, in the coming years.

According to a report prepared by JLL, estimates are that investment in living assets will increase during 2021 in Europe, after reaching 83.4 billion euros in 2020. The percentage of investors who intend to increase their investment in this type of asset has risen from 41% to 59%.

Read the full article in Spanish



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