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- Casavo strengthens its presence on the Spanish market and aims to exceed 100 sales in a few months
- The PropTech platform, market leader with the Real Estate Instant Buying model, relies on a local team and has plans to quadruple the team by 2022
Casavo, the market-leading Italian PropTech platform aiming to change the way people sell, buy, and live in homes in Europe, is landing in Barcelona with a plan to acquire properties in the city worth over €100 million in the first 12-24 months. The announcement comes just a few months after raising €200 million in capital, which further boosted the company's international expansion, which began a year ago with the opening of Madrid.
The goal is to exceed 100 sales in the coming months in the city alone. in Barcelona, revolutionizing the market by digitalizing all phases of the real estate transaction and ensuring a drastic reduction in sales times thanks to an instant offer.
Casavo is investing in a 5-person office in Barcelona and aims to quadruple the Catalan team by 2022, strengthening the growth of the company, which today has over 270 employees in Italy and Spain, over 50% of whom joined Casavo during 2021.
Casavo is focusing on the capital of Catalonia at a very positive time for the real estate market: the region concluded the second quarter of 2019 with 22,062 residential transactions, a level of activity that has not been achieved in the past year. never reached since the 2007 real estate boom, as reported in the 2019 quarterly report on the Catalan real estate market by the Associació d’Agents Immobiliaris de Catalunya (AIC)and the Col·legi Oficial dels Agents de la Propietat Immobiliària (COAPI).
Barcelona is a dynamic and highly fragmented market, characterized by an aging real estate stock. It therefore represents a strategic choice for us, which allows us to consolidate our presence in Spain by changing the way thousands of consumers sell homes” says Giorgio Tinacci, Founder and CEO of Casavo. We will adopt an inclusive approach for the benefit of the entire real estate ecosystem and will continue to invest in people and technology to offer the best user experience to our customers. This opening represents a further challenge for Casavo's growth in Europe, but also a significant opportunity to continue innovating.