What is it?
Coliving is a real estate concept of shared housing for people who are seeking a sense of community and who are interested in collaborative economy and a healthy lifestyle.
Who is it for?
It is targeted at ‘digital nomads
’, young freelancers who do not depend on a specific location to work or run a business. This concept is also popular with students,
as long as areas are close to university campuses and there is access to public transportation
How does it work?
Initially, it involved the transformation/rehabilitation of pre-existing spaces,
with a considerably lower construction cost when compared to property developments. It also ensured very interesting profitability rates.
These spaces have recently been marketed under the property development badge
, which means they are new buildings which are the outcome of highly economical project developments, tailored to their occupiers’ needs.
Initially, they were improvised functional Coliving programmes, and projects were promoted by local investors.
Today they are global-scale projects, developed in major cities by institutional investors
operating through digital platforms
and under professional management.
This concept has proven to be an excellent business opportunity,
with high profitability levels.
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