Tuesday, March 21, 2023

Dubai-based PropTech Huspy launches in Madrid

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Founded in 2020 in Dubai, United Arab Emirates, the company entered the Spanish market in March 2022 and currently operates in Madrid, where it has approximately 40 employees.

Energetic efficiency, multidisciplinary spaces or natural illumination are among the tendencies to buy a second residence.

The new socio-economic changes have led to new demands for housing buyers, especially in the second residence. So, they are now looking for unique qualities that include multidisciplinary spaces or concern for the environment, among other trends.

Huspy proptech

After the pandemic, the second home has begun to play a significant role in the home-buying market, both as a form of investment and to improve chronic residence conditions. Thus, searching for spaces where you can increase the quality of life is one of the preferences for buyers of second homes in the Spanish territory.

Huspy, the multinational proptech that simplifies the entire home buying process, points out that among the new demands are:

  • Energy efficiency: environmental concerns are at the forefront of buyers. For this reason, they opt for those options that lead to savings on the bill linked to the reduction in energy consumption. While at the same time having this energy efficiency as a commitment to a future revaluation of the property.
  • Multidisciplinary spaces: the arrival of remote working has fostered the search for large buildings with space to work. In addition, spacious rooms are preferred, in which tranquillity is the protagonist of the day-to-day.
  • Natural lighting: closely related to multidisciplinary spaces is natural lighting, which is key to increasing well-being and improving eye health.
  • Coastal location: moving away from urban centres to seek greater tranquillity is another trend in the search for a new residence. In this sense, areas such as Tarragona, Alicante, Las Palmas, Malaga and the Balearic Islands are among the most popular places to buy a second home, according to an analysis by Tinsa, a leading appraisal company in Spain.