JPMorgan invests 600 million euros in Flex Living in Spain

JPMorgan invests 600 million euros in Flex Living in Spain - Portugal Business News

Real Estate News Europe - JPMorgan and Grupo Lar are investing 600 million euros in Flex Living in Spain, that will deliver 5,000 fully furnished residential spaces for the short-term residential market.

The short-term residential market in Spain is booming, with a high demand from digital nomads, remote workers, students, mobile young professionals and single households.

It is now a new flourishing sector called Flex Living, a fast-growing asset class defined by short-term rental contracts of less than one year that will re-define Spain’s residential market. 

The new Flex Living spaces being developed in Spain, namely in Madrid, Barcelona, Valencia and Málaga will be completed in 5 years.

According to JP Morgan AM's Head of Acquisitions, Michele Russo, Flex Living spaces offer a structural response to the new ways of living, working and moving in urban environments, with a clear focus on quality, sustainability and meeting real needs.