The Coliving Boom in Colombia. Lucrative opportunities for your touristic property.
Updated: Oct 27, 2023
Review:
The housing modality known as Coliving offers solid stable income opportunities in Colombia, especially in the top 3 cities with the highest demand in the country for this type of housing. Medellin, Cartagena and Bogota. Owners of apartment buildings, boutique hotels, hostels and guesthouses can take advantage of this trend by leasing their properties to coliving companies, which offer great long-term stable income, consistent occupancy and professional management.
Find out how these cities offer an environment conducive to the growth of coliving and how owners of these types of properties can capitalize on these advantages
The concept of coliving is gaining popularity around the world, and Colombia's coliving boom and opportunities are no exception. Before exploring the benefits of investing in this type of shared housing in the country's most in-demand cities, it is important to understand what this real estate revolution is and what it is all about
¿What is Coliving?
Coliving is an innovative way of living that combines elements of shared housing and community. In essence, it is a living space designed to provide residents with not only a place to live, but also a social and collaborative environment where they can interact, work and grow together.
Co-living spaces typically offer a variety of services and amenities, such as well-designed common areas, shared workspaces, events, social activities, and a focus on lease flexibility. This makes it an attractive option for a wide range of people, from young professionals and students to digital nomads and long-term travelers.
Now that we understand the essence of coliving, let's explore the benefits of investing in this type of housing in the cities of Medellín, Cartagena, and Bogotá, and see how owners of apartment buildings, boutique hotels, hostels, and guesthouses can capitalize on this trend by leasing their properties to global coliving companies on a long-term basis.
Medellin: A booming city for coliving
Medellín, known as the city of eternal spring, has undergone a remarkable transformation in recent decades. Its pleasant climate, stunning scenery and growing business scene make it attractive to both locals and expatriates. This creates a constant demand for flexible housing, and coliving has become an ideal solution.
The benefits to landlords in Medellín are clear. By renting their properties to coliving companies, apartment owners can enjoy long-term, stable income without having to worry about individual tenants. In addition, these companies often take care of maintenance and management, reducing the burden on landlords. In a city that attracts a steady stream of professionals and entrepreneurs, coliving offers a safe and profitable investment for both apartment buildings and hostels.
