With strong roots in Nordic countries, co-living looks set to continue its unstoppable growth, and as experts in Barcelona short-term rentals, today we’re analysing it in light of its potential consolidation in our city. Other regions have already made significant strides forward in co-living spaces. For instance, the General Plan of Valencia is set to include co-living apartments with shared spaces when it reviews its urban regulations, and the Madrid City Council has requested proposals for three unused plots for the construction of about one hundred co-living units.
But what exactly does this housing model involve, and how can it be integrated into short-term rental contracts? Co-living means much more than simply sharing a home; it’s an innovative housing solution that combines comfort, flexibility, and community interaction. By offering a balance of private and shared spaces, alongside tailored services that suit the tenants’ lifestyle, it provides an exceptional short-term rental experience.
What is Co-living?
Co-living differs from traditional shared housing by not only offering private rooms, but also providing common areas such as lounges, kitchens, and spaces designed for work, study, fitness, and leisure. This approach does away with the usual concerns of utility bills or home maintenance, as these are typically included in the rent. Additionally, it promotes the creation of a community where residents can live alongside others with similar profiles and interests. These may include expats, postgraduate students, or digital nomads. This community aspect enriches the experience, promoting both personal and professional growth.
Benefits of Co-living in Barcelona for Tenants
Choosing co-living in a city as sought after as Barcelona offers several advantages for tenants:
- Global Connections: The opportunity to connect with digital nomads, entrepreneurs, and students from all corners of the globe broadens cultural and professional perspectives.
- Quality and Location: Co-living properties are often newly renovated, fully furnished, and well-equipped. What’s more, they are typically located in prime areas of the city, making it easier for tenants to meet their work or academic commitments.
- Contract Flexibility: Rental contracts are on a monthly basis, taking into account the temporary housing needs of tenants. This flexibility suits those who value mobility and freedom but still require stable, high-quality accommodation.
- Services included: Services like cleaning, maintenance, and access to shared facilities allow tenants to focus on their daily lives without worrying about household chores.
Benefits of Co-living in Barcelona for Property Owners
For property owners entering the temporary rental market, co-living offers numerous advantages:
- Increased Revenue – Renting out individual rooms rather than an entire property allows landlords to generate higher income compared to traditional long-term rentals. Each room is rented separately, maximising the property’s profitability.
- Flexible Tenancy Agreements – Co-living provides more adaptable contracts, offering short- and medium-term stays. This is particularly appealing to students, young professionals, and digital nomads seeking temporary accommodation solutions.
- Lower Risk of Non-Payment – Since each room has a separate tenancy agreement, the financial impact of missed payments is minimised, affecting only a portion of the total income. Additionally, careful tenant selection and the option to request additional guarantees help mitigate this risk further.
- Higher Occupancy & Demand – The growing popularity of co-living has driven up demand for this type of accommodation, particularly in urban areas. Property owners benefit from high occupancy rates and a steady flow of tenants.
With over 20 years of experience, Lodging Management, experts in Barcelona short-term rentals, can manage co-living properties or adapt apartments to this rental model. Our specialized team takes care of tenant selection, property maintenance, direct communication with residents, and quick action on any issues that arise. This expertise, combined with our ability to offer value-added services that improve the tenant experience, makes co-living a highly attractive opportunity for property owners.
