Italian iBuyer Casavo Expands Spanish Footprint with Seville Opening

May 19, 2022
Share this Post: 

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
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 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

Onthemarket Debt
OnTheMarket To Be Sold? US Investor Pens Open Letter to Shareholders Outlining His Vision

This one is already a nominee for "most unexpected headline of 2023" at Online Marketplaces. A US investor by the...

Read More
General Atlantic
General Atlantic Nets $220m as it Divests from Swedish Portal Hemnet

The private equity firm General Atlantic has divested from Hemnet according to a press release issued by the Swedish portal...

Read More
Streeteasy Skyline
StreetEasy to Introduce Tools to Capture Seller Leads for Agents

StreetEasy is set to launch a trio of products that the Zillow-owned portal says will capture the highly lucrative seller...

Read More
Homely Financial Results
Homely Officially Becomes Australia's #3 Portal

Industry-owned portal Homely has revealed that it became Australia's number three portal for the first time in 2022, based on...

Read More

Editor's Pick