'Flex living' and serviced apartments, a new magnet for investors
Non-hotel accommodations are emerging as an alternative investment to traditional residential properties, with 812 million euros mobilized so far this year and 4.5 billion euros accumulated over the past five years.
Non-hotel accommodations, such as flex living and aparthotels, are gaining traction as an investment alternative in Spain, with €812 million invested so far this year and €4.5 billion in the last five years. These types of assets, which offer short- or medium-term rentals, are attracting investors seeking stability in a market marked by uncertainty in the traditional residential sector.
According to Savills, the flex living sector is concentrated mainly in Madrid, while aparthotels are more diversified, with Catalonia, Andalusia, Madrid, and the Valencian Community being key markets. The current operational stock stands at around 16,500 beds, with a forecast of 40,500 beds by 2028.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
