Kepa Apraiz
Kepa Arpaiz CEO & Founder
5 mins read

The coliving will give much to talk about in Spain.The coliving is a new form based rental housing not only share but also experience. Its tenants are willing to pay more than any room in a shared flat costs. Why?

The coliving is a new way of living in which young entrepreneurs and creative reside in a private area of the building but have access to public areas that connect with the community generated in the environment.

This tenant is looking for more than just a roof. In these spaces they live, coexist and work. The added value is that all residents are young workers or entrepreneurs, which allows them to generate synergies for their projects and create a network of contacts.

Heads and tails of coliving in Spain: there is a lot of interest, but the legal vacuum slows it down.

Currently the coliving is not subject to regulatory rules of the game clear, which is an obstacle to liftoff. In fact, the projects that are being developed in Spain have little to do with large international projects and require a regulatory change to adapt the offer to new real estate needs.

The most similar regulation that we currently have to coliving is that of apartment hotels, focused on a target audience of working age, and could also be understood as being close to the housing solution provided by some hotels or apartments, but in reality it is a different product. The regulations applicable to hotel use are different from those of student residences or tourist housing, and therefore none of them is designed for this new product, so this legal vacuum causes each case to be studied individually.

And this is what is holding back its momentum in Spain. From the first phase of the project, when any land is analyzed to carry out this type of real estate development, the first questions could arise, unless said land had compatible uses (residential and tertiary).

The coliving gaining strength among the younger generations

The coliving and new student accommodation is a long – term investment, since the trend will continue to grow thanks to the large number of students from other countries who visit Spain for further training and assures that usually stay a couple of years for your professional and training curriculum is more complete.

Spain is very well positioned in the training market. The differentiating offer that these spaces offer is key, since they use avant-garde technology to improve the experience of the people who live in these buildings, who connect and create a community. In addition, some companies have designed their own apps.

In line with this trend, an infinity of platforms that offer shared services for a limited time have come onto the market, such as eCooltra, which rents electric scooters by the minute, ByHours, which reserves microstays in hotels, or wesmartPark, which connects private parking spaces with drivers. . The objective of start-ups , coworking and coliving is to respond to the needs of a new demand by obtaining the maximum profitability from a product, be it a motorcycle, hotel rooms, parking spaces or a property. In fact, coliving projects offer a profitability much higher than what a residential asset on the first lines can currently give.

If you want to know all the keys on how to invest in coliving, you can request it here. Kategora already has a project with these characteristics underway in the center of Vitoria-Gasteiz. A sustainable and versatile aparthotel that offers services in line with the new trends of ‘co-living’ and ‘co-working’.