What is coliving and why is it an investment opportunity?

According to the Economic Commission for Latin America and the Caribbean (ECLAC) in its report ‘World Population Prospects 2019’, by 2050, one in six people in the world will be over 65 (16%), which is well above the one in 11 in 2019 (9%).

On the other hand, “a study by the Inter-American Development Bank asserted that the advance of global aging has led the ‘silver economy’ to attract increasing attention from public policy makers, academia, and business. So much so that it estimated that 30% of consumption growth in Latin America and the Caribbean would come from this population” (Semana, 2023).

Why are co-living and senior living opportunities for investment? These types of projects are usually aimed at specific audiences, some are designed for executives, students, digital nomads, tourists, seniors, etc. This means that there may not be long periods of vacancy in the spaces and, therefore, occupancy rates and income are stable.

Sometimes, investors can receive higher income compared to traditional rentals, since lease agreements can be established for different periods of time. However, this can vary depending on the target audience, country, or city.

Also, these properties are usually traded efficiently, which increases their profitability. In fact, during the pandemic, coliving proved to be more resistant to market volatility.

Furthermore, as Bernardo Asuaje, CEO of Casa Nua, pointed out, the best assets to invest in during times of macroeconomic uncertainty are those that are protected against inflation and have the least possible exposure to government monetary policies and the banking sector.

At Alberto Álvarez Projects, we understand the new needs and demands of our clients. For this reason, we are working hand in hand with Casa Nua on a Senior Living project, seeking to provide an excellent quality of life for older people and meet their needs in a comprehensive manner.

We were born with the dream of transforming places and turning them into inspiring spaces.

Written by: Valeria Ospina – Marketing Analyst.

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