Coliving combines private rooms with high-quality communal areas and services included. What started out as a niche for digital nomads is becoming a serious segment of the residential market in Madrid, Barcelona, Valencia and Málaga.
Coliving yields for the investor
A 120 m² flat that would bring in €1,400/month as a standard residential let can bring in between €2,500 and €3,200/month as coliving (6-8 rooms at €350-450/room). The typical gross yield is between 7% and 12%, well above a standard residential let.
The costs and complications
Coliving requires more initial investment (renovation, decoration, full furnishing and equipment), more intensive management because of higher tenant turnover, and in some regions it may need a specific licence. Professional management is practically a must.
How to get started
- Buy a large flat and convert it directly
- Invest through funds or SOCIMIs (Spanish listed real estate investment companies, similar to REITs) specialising in coliving
- Let a large flat to a coliving operator with guaranteed rent (the simplest option)
Analyse assets for coliving: Look for large flats with conversion potential on RadarPro.
Buy with data, not gut feeling
RadarPro combines algorithmic calculations and artificial intelligence to analyse the market and spot the best property opportunities.
Create a free account →
