- The Spanish group and the German real estate company are joining a rising trend in the sector: renting shared flats to students and young professionals
- Engel & Völkers becomes Excem's main intermediary in Madrid
- The subject properties are renovation flats in Salamanca, Centro and Chamberí with an average price of 500,000 euros
Engel & Völkers, the world leading German real estate brokerage company has reached an agreement with the Socimi Excem Capital Partners, who specialise in the residential property sector, to start a new real estate investment project aimed at young renters.
This project, which began with the objective of meeting the growing demand in the property rentals for young people, both students and young professionals in large cities, offers the investor very stable returns.
The greater influx of students and young professionals in the large Spanish cities has increased the demand for shared housing. Small residential units with communal areas have emerged as an optimal solution to this growing need.