Casavo begins 2020 by expanding into the Spanish market

February 2, 2020
Share this Post: 

Casavo has announced its expansion into Spain, entering the real estate market with its “instant shoppers” online marketplace service.

Italian-based, Casavo offers great value to both sellers and buyers of residential real estate in southern Europe.

The startup, operating in the real estate sector, has developed an innovative and unique business model: a technological platform that directly buys the property of those who wish to sell their house in matters of days.

Founded in Milan in 2017 by Giorgio Tinacci, Casavo aims to reduce sales times, while eliminating the stress and uncertainty of the process. Casavo was funded and backed by some of the most important Italian and international investors, such as Greenoaks, Project A Ventures, Picus Capital, 360 Capital, Kervis Asset Management, Boost Heroes and Marco Pescarmona.

The arrival of Casavo in the Spanish market also coincides with the strengthening of the administrative structure in Italy. The restructuring of the company with the registration of seven new managers have aimed to improve the experience of the buyer and seller.

In Spain, the General Manager is Juan Uribe. Uribe is by profession, an Industrial Engineer. He studied at the Tecnológico de Monterrey in Mexico, received his MBA at the Tuck School of Business in Dartmouth, USA., and with a consistent curriculum, was formerly employed at McKinsey & Co Consultant and Boston Consulting Group. Uribe has been involved in leadership roles in various tech companies also in the real estate sector, as well.

The Spanish market

As reported by Ufficio Studi Gruppo Tecnocasa Spain, in the last half of 2018, Madrid presented a price increase of 16.62% and property prices in the main districts of the capital are among the highest in the country. According to statistics from the Association of Registrars of Spain, in addition, throughout the country, home sales between January and March 2018 increased by 13.4% compared to the previous year and 15.3% compared to the quarter previous.

Simplifying the process, sellers avoid the inconvenience and uncertainties related to the different phases of the sales process. Casavo achieves this by intervening as a direct buyer. The company's automated valuation system takes into account dozens of variables and offers potential sellers the exact value of their property and an immediate purchase offer in real-time. After accepting the offer, Casavo performs a free inspection of the property, while the seller receives full payment in a matter of days.

February 2, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick