The largest «flexible» residential complex in Spain has appeared in Madrid, which will help young people with real estate

The largest «flexible» residential complex in Spain has appeared in Madrid, which will help young people with real estate

The residential complex «Be Casa Rivas» will open its doors to the first residents in December. A residential complex with modern apartments is located in the town of Rivas Vasiamadrid, in the suburbs of Madrid. Investments in the construction of this project amounted to 85 million euros.A total of 843 apartments were built, providing all the necessary amenities for a comfortable life.

The concept of «flexible apartments» is a strategy for creating a residential complex that is legally an apartment hotel and at the same time provides a number of services that are «included» in the accommodation. In simple words, this is a hotel that works like a hotel, but is built on the principle of a full-fledged residential building, which is created for people who are looking for relatively modest housing, whether for a while or for a permanent, in the foreseeable future, basis.

The amenities that a resident of this complex can find include two gyms (one outdoor, the other indoor), a swimming pool, a rooftop terrace for events, as well as a large hall for the same purposes and a laundry room for pets.

Prices for residential properties range from 700 euros per square meter for studios to 1,100 euros per square meter for an apartment with two bedrooms and bathrooms. This amount also includes the costs of all utilities, including water, electricity and Internet.

The cheap price allows such a project to attract, first of all, single and young people who do not have large savings or an urgent need to buy a home beyond their means, even at the expense of an expensive mortgage. «Be Casa Rivas» is the first representative of projects aimed at monetizing the process of emancipation of the younger generation of Spaniards with a profitable for the latter.

In view of this, the project is already enjoying great success among these social groups. Jose Parra, founder of Idealar Soluciones and architect of «Be Casa Rivas», points out that this, in turn, demonstrates to the authorities that in order to solve the urgent problems with housing inaccessibility for the population, not just traditional housing construction programs are needed, but new approaches to the market.

The construction of the residential complex itself was handled by Momentum Real Estate, which is the first player in the market to agree to the development of an innovative project. These investments in the amount of 85 million euros were spent both on the purchase of land for construction and for the construction work.

The construction of «Be Casa Rivas» took the company 2 years and at the end of November 2022 the building was commissioned. However, in December, some infrastructure elements, such as electrical networks and other elements of public utilities, are still expected to be put into operation. Ignacio Pareja, CEO of Momentum Real Estate, told the Idealista portal that the residential complex should reach full performance at the end of December.

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