The sector of new residential real estate formats is growing in Spain. These include: "houses built for the purpose of renting out" (BTR), colivings, homes for the elderly.
According to a recent report by Tecnitasa, investments in this segment have increased to a record high. By the third quarter of 2024, they reached 2.5 billion euros, which is 31% of the total investment in real estate in the country - an increase of 1.5% compared to the same period in 2023.
People's housing preferences have changed under the influence of demographic, economic, and social factors.These include an increase in the number of single-person households, which now account for more than 25%, according to the Spanish Institute of Statistics (INE), as well as greater mobility among young professionals.
The BTR model, in which buildings are designed exclusively for rental and managed by a single operating company, is actively developing.BTR facilities are distinguished by the fact that they integrate services such as security, maintenance, coworking spaces, gyms and green areas.Their success lies in a combination of accessibility, convenience, and flexible contracts that appeals to a generation that values access to convenience rather than ownership of property.
Flexible housing solutions meet the needs of mobile professionals, expats and digital nomads by providing apartments suitable for living from a few months to several years.The modular design and adaptable design enhance the user characteristics of such facilities.The aging of the population is pushing for the development of the format of homes for the elderly. They combine the possibility of independent living with the availability of a range of services necessary for people over 65 years of age.
Offices are often converted into such housing, as the demand for them is decreasing with the spread of remote work.
Source: Idealista
