Coliving and coworking are booming in Valencia, in a context in which there is a significant imbalance between supply and demand for housing and office space, according to real estate experts. A conclusion that emerged at the second meeting organised by wayCO, a coworking operator in the city, entitled "Coworking and coliving: how to make the most of these assets", held in the Valencian neighbourhood of Cabanyal-Canyamelar.
The event was attended by Javier Domingo, director of business development and investor relations at White Investing; Carlos Peiró, CEO of the real estate investment HUB; Ricardo Maldonado, territorial director for Levante and the Balearic Islands at Gesvalt; Belén Patiño, director of the office department at CBRE; Rafael Codoñer, economist at COEV and Víctor Cambralla, CEO of wayCO.
The speakers underlined the interest of investors in these real estate products. They highlighted areas such as La Marina, which is valued by companies linked to innovation and technology. Belén Patiño mentioned that it is "very interesting because of the companies that are located in this area linked to innovation and technology". However, they stressed the need for public administrations to update the regulations for this type of investment and reduce bureaucratic barriers. Rafael Codoñer emphasised that the authorities "must contribute to highlighting the great attractiveness of the city in order to generate an environment that facilitates investment".
"The new generations who already live in cities will look for
will look for residential housing within the city".
The concept of 'senior living' was another point discussed. Javier Domingo pointed out that, although there is growing interest, especially from institutional investors, the product is still being defined. Currently, senior living is concentrated in coastal areas due to the demand from foreign users. However, Víctor Cambralla anticipated a change: "the new generations that already live in cities will look for residences within the city".
In short, living arrangements, whether coworking, coliving or senior living, respond to current housing needs. Carlos Peiró described them as "a solution to the serious problem of the shortage of real estate". Ricardo Maldonado concluded that these models "are more sustainable not only in terms of profitability but also on a social level".