The tertiary real estate market in Spain is experiencing profound transformation, and in 2025, a keyword resonates strongly among investors: ‘living’. This concept ranges from student residences and coliving to apartments for older people (senior living). It has positioned itself as one of the segments with the most significant potential for growth and profitability.
Spain has established itself as the second global market where investment in ‘living’ has grown the most since 2020. Forecasts for this year point to record figures, exceeding 4 billion euros in investment, a testament to the dynamism and attractiveness of these assets. But what is driving this trend?
The rise of ‘living’ responds to a confluence of socioeconomic factors. On the one hand, increasing labor and student mobility has triggered the demand for flexible and community-oriented housing solutions. On the other hand, the aging of the population creates a growing need for adapted housing and services for the elderly. This sustained demand, coupled with a still insufficient supply, makes an ideal scenario for investment.
For investors, the ‘living’ sector offers diversification and resilience. Unlike other more cyclical tertiary assets, the need for housing is constant, which gives these projects greater stability. Cities like Madrid, Valencia, and Málaga are leading the way in developing new projects, attracting national and international capital.
In short, ‘living’ is not just a fad, but a reflection of the changes in our way of life. For those seeking solid and forward-looking investment opportunities in the tertiary sector, managed residential assets undoubtedly represent one of the smartest bets.
