The real estate sector in Spain has grown by more than 4% over the past yearThe sector is consolidating its position as a strategic sector with a future. The strategy within the sector seems to be changing, and remains far removed from the great speculations and bubbles of the past.
Prior to 2007, the aim was to have a large amount of construction, even though it seemed difficult for citizens to absorb. However, the current trends seem to be buying and selling used flats in large cities, renting, whether residential or tourist, and redevelopment of large offices in large urban areas.
Due to the boom in the sector and the trend towards the reduction of intermediation in the sector, the following are starting to emerge new players who try to take advantage of it to drum up business.
Clicpiso, a benchmark in real estate
A benchmark company on the national scene that has recently raised funding, in mid-April, is Clicpiso.
This company is an online platform oriented towards the buying and selling second-hand housing in SpainThe system, in which you enter the details of the property you want to sell and, in less than 24 hours, you get an offer for it. In addition, no paperwork is involved and the full transaction price is obtained in less than 7 days, with no commissions.
Due to the nature of Clicpiso's business, it is necessary to have cash available for the purchase of homes, which is why financing is a key part of this business. Precisely for this reason, at the end of April, the company carried out a capital increase by value of €8M of the La Finca group.
Other operations within the sector in Spain include the following:
Badi
Badi has received a funding round of $30M in early January by GoodWater Capital.
This firm focuses on the residential renting of rooms for both long and short term rentalsIt also has artificial intelligence technology to improve the user experience and to be able to show the most interesting offers for each user.
Spotahome
Spotahome is a Madrid-based company dedicated to the long-term residential rental. It has two outstanding features: all rooms and houses have been checked by the platform's staff and there are virtual tours available to facilitate the search for the ideal flat.
Thanks to 40M€. which it obtained in the last round of funding, has managed to expand to other European cities such as Milan, Rome, Barcelona, Seville...
HousFy Real Estate
HousFy is one of the benchmark companies in terms of the sale of companies online to other users. The platform only charges a fixed commission if it is able to sell the company, offering in addition the services of promotion, online positioning on different sales platforms, and management of paperwork and professional photos.
In order to expand in size and be able to scale the business, the company has turned to a capital increase €2m by Seaya Ventures.