Italian iBuyer Casavo Expands Spanish Footprint with Seville Opening

May 19, 2022

The Italian headquartered iBuyer Casavo has announced that it is to expand its Spanish operations to Seville where it will initially invest some €10 million to acquire properties.

Casavo expects to do some 50 transactions in Seville this year with the help of a local team of 50 employees. Casavo's long term goal is to be involved in 5% of all housing transactions in the city.

The company opened up shop in neighbouring Malaga at the start of the year, in Portugal in January and in Barcelona in September. The Milan-based iBuying specialist founded by Giorgio Tinacci in 2017 first launched its Spanish operations in Madrid in early 2020.

Considering the number of headlines generated by American iBuyers, the model's European counterparts have gone slightly under the radar. The speculative model is alive and well in Europe, especially in Spain with the likes of Casavo, Clickalia, Housfy and Finnish rival Kodit.io all operating some variation of the model.

 

May 19, 2022
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

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

Product Update July4
Product and Services Roundup: Cian, DomClick, Kleinanzeigen, Rightmove, iMyanmarHouse

We'll kick off this week's Product and Services Roundup with some nifty tools coming out of two Russian portals...  ...

Read More
People Roundup 4July 1
People Roundup: REA India, Lifull, REA Group, Rightmove

This week's People Roundup starts with a major C-Suite appointment in India...   Asia: REA India confirms new CEO appointment...

Read More
BCG Generic 2
Baltic Classifieds Group Sees 15% Revenue Growth in Yearly Results

The online classifieds operator Baltic Classifieds Group (BCG) has reported 15% revenue growth for the 12 months ended April 30th....

Read More
redfinrocketacq 3
Rocket Companies Completes $1.8Bn Redfin Acquisition

Rocket Companies has finalized its acquisition of Redfin for a reported $1.8 billion, consolidating the most-trafficked brokerage site with the...

Read More

Editor's Pick