Habyt announces launch of short-term stays in Spain

ULI, Madrid, June 5, 2023: Habyt, the world's leading co-living provider, is attending the Urban Land Institute (ULI) Europe Conference taking place in Madrid between June 5-8, 2023. The event brings together over 800 industry experts and professionals from all over Europe, giving them an opportunity to connect, network, and explore ways of collaboration within the alternative Real Estate market.

Over the past year, Habyt saw multi-fold growth and opened several new markets. Following the company’s to-date largest merger with the USA market leader Common back in January 2023, the Habyt portfolio consists of 30,000 units in 3 regions - North America, Europe, and Southeast Asia. The company operates a variety of products ranging from co-living apartments to studios, and traditional rental flats spread across 14 global markets and 50 cities. The combined capital raised by the Habyt Group exceeds USD $150m and includes leading international investors such as Burda Principal Investments, Sequoia Capital, HV Capital, P101, Picus, Inveready, and Vorwerk Ventures.

Actively contributing to the company’s growth, Habyt Spain successfully reached over 1,300 live and signed units in Q2, 2023, and aims to exceed the 2,000 units mark before the end of this year. This ambitious target supports Habyt´s global vision of providing flexible housing everywhere, offering solutions ranging from co-living to serviced apartments, as well as corporate and short-term (touristic) stays.

The key milestones for Habyt’s growth in the Spanish market over the past year include the preparation for the grand launch of Alcalá at the end of 2023 - the largest co-living complex in Spain, located in Madrid’s prime Salamanca district with 2,900m2 and 128 units, as well as the launch of short-term stays in Spain.

The team has recently signed a new 45-unit building with serviced apartments that will be an ideal option for tourists and corporate clients looking to stay in Madrid for under 1 month. With its prime location by the Five Towers, and the high-end decor of the apartments, the company expects to see high interest from internationals visiting the city. All rooms will be fully equipped with everything tenants need for comfortable living, and operate as “smart” homes with the support of Domatica Systems - the leading provider of home automation. With a planned opening in Q1, 2025, the building is expected to include a gym, feature multiple green areas and patios, supporting a conscious approach to living. This deal has contributed to increasing our short-term portfolio in the country, which currently counts over 200 signed units.

Today, Habyt operates in two strategic centers of Spain - Madrid and Barcelona, and is actively working on launching in two further cities - Valencia and Sevilla, followed by other locations. These dynamic cities have a lot of demand for co-living and a great future potential for growth. Madrid and Barcelona will continue to be the leading markets due to their strong economic standing and development, supported by the company’s ambitious scale-up strategy for further growth in other regions.

Javier Fernández-Couto, GM Spain | Regional Manager South Europe at Habyt, commented: “Spain has become the spearhead of the living sector in southern Europe, where despite the uncertainty and tightening of access to financing in recent quarters, we have not seen anything other than growing interest in co-living and its aspects from investors, promoters, and REITS among others. Habyt Spain has focused on consolidating its offer and signing new operations for the portfolio, not only with co-living units, but also serviced apartments, and short-stay options. With this in mind, we expect to exceed 2,000 units in rooms within the flexible living segment by the end of 2023”.