Argentina: Coliving and coworking - trends in the real estate business

August 25, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

While the real estate market is still bogged down, after 14 months of consecutive decline and with little chance of recovering in the short term, the "collaborative economies" are stinging on the tip, among innovation projects.

In this line, the well-known "coworking" business model, which proposes sharing work spaces, is added "coliving", a modality designed for millennials who work in different parts of the world and prefer to stay in temporary places (properties or hotels) and not tie to a writing.

"We are working for a new generation that no longer wants to 'own' but to enjoy the space and the community in which it lives," says Martin Larre, Director of the Uruguayan firm Sinergia, which is expanding in Argentina and Chile.

The businessman participated in a recent panel - moderated by the expert and President of CEDU, Damian Tabakman - on "Innovation and Investments", within the framework of the Real Estate Expo. This event brings together local and other country investors willing to present investment opportunities.

According to Juan Mora, CEO and Founding Partner of Casa Campus, a local firm also committed to "coliving", is about offering "space as a service. It is not a fad, but technology allows us to work in different parts and this It's a way to find simple solutions," he said.

"Demographic changes are forcing the existence of co-living and co-working," said the driver in this way of renting a place to live, but with a centralized administrator. From the point of view of the business, for the investor, "the profitability is higher than the common rent," he said.

Among the collaborative economies, Damian Lopo, of Newlink Capital, defended the real estate crowdfunding, the collective cooperation system, which allows access to real estate investments, buying modules at very accessible values.

The system targets millennials and small and medium-sized savers, in general, excluded from the possibility of investing large sums. "It is a technological platform for everyone to participate in the real estate market because only 7% of the population has the capacity to access it," Lopo explained.

According to the manager, the modality (which is not reached by the capital market) is "tripling the amounts and items annually," he said referring to the business results.

"The idea is that the investor can live there, or rent it and not have the empty apartment when it is not and also to rent it," said Cervera.

"The reasons for this landing are not only commercial but also strategic. Airbnb has many barriers in terms of local regulations that do not allow temporary stays in residential buildings. For this reason, it decided to launch its own hotel-licensed building," said another linked source of the project.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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August 25, 2019

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