In recent years, the trend of real estate construction and alternative residential real estate assets has been gaining momentum in Spain. We are talking about a wide variety of projects, from general type colivings to housing for the elderly. Social housing and flexible living spaces are one of the promising areas of development for the market today.
According to an analysis conducted by the consulting company Activum, up to 77% of the total supply of this type of housing in Spain is located in Madrid and Barcelona. Specifically, the capital of the country accounts for 52% of the supply of such real estate, and the capital of Catalonia accounts for 25% of colivings.
There are many types of colivings. Housing for the elderly (Senior Living) is only one of the types of kolivings, focused specifically on people over 65 years of age. Also, within the framework of the koliving real estate, it is possible to allocate cooperative housing and housing with the possibility for coworking, that is, mixed-type objects with both residential and working spaces. There are also premium resort colivings.
This type of housing is becoming increasingly popular among young people, as it allows them to save significant money compared to buying a regular home or renting. At the same time, coliving creates an atmosphere of community and strengthens ties among the residents of such an object.
Along with colivings among alternative real estate investment assets, today there are projects of the Build-to-Rent format (approx. construction of housing purely for subsequent rental). Student dormitories are also popular among investors.
Currently, 44 projects of colivings are being proposed throughout Spain, we are talking about more than 5,600 residential premises. As mentioned above, 52% of this offer is concentrated in Madrid and 25% in Barcelona. In the province of Madrid, you can find 16 objects of this type, only 2 are located in the city of the same name. The province of Barcelona has 14 facilities and only 3 are located in the city itself.
The closest to Madrid and Barcelona is the Valencian community with 5 coliving facilities, 3 of them are located in the province of the same name. The remaining 2 are located in the province of Alicante.
