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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More
Cian Going Public On Nyse
Russian Market Leader Cian Files for IPO on the NYSE

Russian market-leading real estate vertical Cian has filed with the SEC for an initial public offering on the NYSE with...

Read More
Onthemarket Coaching
OnTheMarket Offering Free Leadership Coaching to Agents

OnTheMarket has announced a partnership with business coaching firm Property Academy which will see some of the British portal's agent...

Read More
Mygate Homes And Housing Partnership
REA-Owned Ties Up Listings Syndication Deal With MyGate Homes in India

Indian property portal has announced a listings syndication deal with the newly launched FSBO marketplace MyGate Homes. The deal...

Read More

Popular News