Is another option for young people looking for somewhere to live.
Coliving, or co-living, it is a system that emerged in San Francisco, later in Europe and now is becoming popular in the main urban areas in Spain.
This residential system is based on renting a room in a building with plenty of space and services, in most cases with its own bathroom.
In other words, maintenance, cleaning, sheets, and towels, and 24/7 attention are usually included. In the real estate sector, this is known as plug and play – when someone can arrive in a new place with only their luggage and it´s ready to move in.
It is ideal for those who are unable to buy a house for whatever reason, whether due to lack of resources, housing options etc.
Málaga has accounted for between 7% and 4% of the investment in Living in Spain in the last year, placing it among the top five cities with the highest investment in Spain. According to CBRE, a leading international real estate consulting and services company, the investment this year in Spain was 2,959 million euros, of which Malaga accounted for 105 million euros.
Student accommodation represents more than 55% of Living’s investment (68 million in Málaga).
In Málaga, 3,200 co-living places are available, with a planned increase of 400 places. «There is no doubt that the assets we are dealing with, are growing and will continue to do so over the next few years, attracting growing investors’ interest in Andalucía,» confirmed by CBRE Andalucía.
We are moving towards ‘co-living’.
Build to Rent and Private Rental Sector assets have a Living investment of (Málaga 17.8 million euros). «The residential market requires a review of the overall urban planning scheme,» warns Housing and Land Company´s CBRE Andalucía.
The Malaga 2011 planning project is being developed. «These reviews must include a new urban model, rules that regulate the different trends occurring in society, such as co-living or senior living, which will give legal guarantees to investment.»
Co-living and senior living assets accounted for 8% of the investments received (18.2 million euros in Málaga). «This demand will continue to grow due to factors such as the aging population, diversity and mobility, which points to an upward path in the market such as student accommodation, ‘co-living’ or ‘senior living’.»
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