Casavo lands in Barcelona with investment of more than €100M

Casavo lands in Barcelona with investment of more than €100M

Casavo, the real estate fintech begins to operate in Barcelona, ​​thus consolidating its presence in Spain with an initial investment of more than 100 million euros in the next 24 months.

With headquarters next to Plaça de Catalunya, the company confirms its commitment to the Catalan market with an ambitious growth plan that hopes to increase the number of sales transactions in the city to reach a hundred in the next few months.

Casavo has developed a technological platform that performs home appraisals and instant offers allowing the direct purchase of real estate in less than 7 days, providing liquidity and transparency to the real estate market. Once the house is acquired, Casavo completely reforms it, adapting it to the uses and needs of today and puts it back on sale in the shortest possible time, always at market prices. Casavo thus reduces transaction times and streamlines a traditionally long and complex process, for both sellers and buyers.

The real estate market in Barcelona is highly fragmented and there is often opacity in terms of property valuations and prices. Casavo's objectives are to provide transparency to anyone who wants to buy and sell a property, add agility and dynamism to the market thanks to technology and process optimization, and renew the residential real estate park in Barcelona and, in the future, also of your metropolitan area.

“Barcelona is a strategic city for Casavo, a very fragmented real estate market that is geographically limited in order to build new work, so the need for reform is greater. We arrived with the aim of providing liquidity to the sector, streamlining the sale of homes thanks to technology and professionalizing the complex process of reforms ”, points out Francisco Sierra, General Director of Casavo in Spain.

Barcelona market, on the rise in 2021

Casavo focuses on Catalonia at a time when the community has managed to close the second quarter of the year with 22,062 house purchase transactions, thus reaching a level that had not been achieved since the real estate boom in 2007, as is included in the quarterly report on the real estate market in Catalonia prepared by the Associació d'Agents Immobiliaris de Catalunya (AIC) and the Official College of the Agents of the Property Owner (COAPI). This same study shows that in the last twelve months, home sales have reached 75,663 operations.

In this line, given the current situation in which many consumers have changed their behavior and preferences when visiting or choosing a property to purchase, Casavo makes available to individuals and agencies, innovative technologies such as immediate and free property valuation Through its website or the Casavo Visits application, designed to carry out visits electronically, avoiding unnecessary travel.

Likewise, the company develops technological solutions for real estate agencies that allow them to adapt to these new demands, increase the efficiency of their operations and thus increase the number of transactions. Casavo plans to continue nurturing the global network of agencies with which it already collaborates today, establishing relationships with real estate agents in Barcelona.

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