Imagine that you can buy a luxury mansion in a corner of paradise, paying only a small part of its cost? Such a business concept has already become a reality in Spain thanks to a number of companies engaged in the sale of shared-ownership housing. Companies that are supported by investors such as Pau Gasol.
The former basketball player, now building his entrepreneurial career, invested heavily in the startup Vivla. One of the first and main players in the market of joint ownership of residential real estate in Spain. Riding the fresh wave of protech market development, Viva quickly took an important place in the sector, allowing thousands of buyers to get access to goods much more expensive than their capabilities without having to burden themselves with loans.
The model of joint ownership allows a number of people to use the same object for a certain period of a year, equip it for themselves for this time and, in principle, do whatever they want. With minimal restrictions. For example, if an object is owned by 8 people, then everyone will pay only 1/8 of the cost of the object and will be able to use the housing as he wants for 6 weeks a year. Any owner also has the full right to sell his share of ownership at any time.
At the same time, the weeks are distributed so that each owner has the opportunity to live in the house during the most "resort" periods of the years. Often houses have separate warehouses, where various accessories for the house are located, which is installed by each new owner for the period of his residence. The restrictions mentioned earlier relate, in general, only to the fact that each owner who moved out did not leave behind ruins, and not a house.
Pau Gasol reports that his motivation for the investment was the fact that Spain is an ideal market for such a model of ownership, given that it is not only one of the largest luxury housing markets in the world, but also one of the main tourist destinations of the planet. Tens of thousands of people plan their holiday trips to Spain every year. Many of them are ready, and have the opportunity, to neglect the rental of housing and invest in a full-fledged luxury house on an equity model.
Viva allows you to purchase houses worth from 500,000 to 3 million euros, but each object cannot have more than 8 owners.
Who is Pau Gasol?
Gasol is a well-known and successful NBA player who decided to hang up his boots on a high note and devote himself to entrepreneurship. Any athlete will have to retire sooner or later and find a new path for development. Gasol is trying to be an example for other professional basketball players.
Gasol is not only trying to make money in the real estate market, although his money certainly helps to develop the sector of modern technologies in the real estate sector. He is also engaged in the development of affordable medical care, especially for young people.
For example, he created a large personal project — the Gasol Foundation. A non-profit organization dedicated to improving and strengthening the mental and physical health of young people. At the same time, the Foundation is also developing modern, useful nutrition schemes that will benefit not only athletes, but also all young people at the stage of their growing up.
We can mention the foundation's project to create a nationwide plan for the prevention of infant nutrition to combat obesity. The topic of health is, in principle, important for a former basketball player. He has a large portfolio of assets in various fields: biomedicine, medical technologies and, of course, sports.