What is a Coliving? The new residential model for millennials

The success of the coworking model in Spain has paved the way for the next trend that is taking hold in other countries such as the United States or the United Kingdom, a trend that is still unknown in our country: Coliving.

Like the vast majority of news related to the world of startups, the cradle for this new phenomenon took place in San Francisco. Due to a large number of young professionals who landed in Silicon Valley, attracted by a high demand for employment, and who could not find a place that adapted to their needs to live, this new type of housing was created. This residential phenomenon is not much different from the concept of sharing spaces and experiences in a more professional environment, but more adapted to the personal environment. Germany, the United Kingdom, Tokyo and Indonesia soon imported this trend from the United States, an idea that is now booming in Spain.

So, what is a Coliving?

Living in a coliving means sharing with “neighbors”, not only common areas, but also moments, projects, experiences, without giving up a space of privacy for everyone. One of the main advantages of this model is undoubtedly socialization at the personal level, just as it happens in coworking at a professional level. And it is these shared experiences and community experiences that are some of the principles most valued by the millennial generation.

Much like those offered by a student residence, coliving is aimed at young professionals who travel to start their first job away from their family home, or who simply seek independence and do not have sufficient means to do so.

Once we are clear about the concept of Coliving, how does it really work?

This innovative residential system, which is creating a trend in the most populated cities, is based on renting a room, mostly with their own bathroom. The rooms are located in a building that has several common spaces and services for all tenants.

Cleaning, maintenance, change of sheets and towels are usually included, just like in a hotel. In the real estate market, this model is known as “plug and play”, which means that a tenant arrives in the destination city with his suitcase and does not need anything else to settle in the house.

The cities with the biggest boom in Coliving

As is usual when it comes to innovation, Madrid and Barcelona are the cities that host the largest number of “Coliving beds”. However, there are also towns such as Malaga or Seville that have large projects under way due to the characteristics of these cities. Experts predict that 2022 will be the great year for the takeoff of this residential system and that the numbers will be multiplied by five in our country.

Conclusion...

Taking into account the high rental prices in the main cities of our country, Coliving can help to decongest this tension to a certain extent. This is because they serve as a channeler of demand for single-person homes and young people who have just joined the real estate and professional market.

Without a doubt, Coliving has arrived to respond to the social and professional needs brought with them by the new generations, who represent the future of this world.

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