The real estate platform Housfy has taken another step in its diversification strategy with the incorporation of two property managers traditional, to which it plans to add more acquisitions, starting with the areas of Barcelona and Madrid. They will maintain their identity, but will share the business and management strategy, with prominence for the new technologies.
For now, Housfy has acquired the administrator Tapiol from Badalona, with a portfolio of about 150 properties, and has taken a leap in size with Feliu Farms of Barcelona, with more than 400 properties and 1,500 rentals.
Thus, the platform founded in Barcelona in 2017 plans to end the year with around 1,000 communities of owners in the metropolitan area of Barcelona, and has the goal of reaching 5,000 by the end of 2024, both in Catalonia and Madrid.
Albert Bosch, co-founder and CEO of Housfy, recognizes elEconomista.es that 2023 has been a complicated year due to the rise in interest rates, which has led to the fall in home sales – the business with which the company was born – so it is already “a success” that this year they are going to invoice an amount similar to that of 2022, above 40 million of euros.
And to combat the cyclical nature of the real estate sector is why the group has been expanding its business areas, incorporating mortgage intermediation, insurance, rentals (both traditional and for a few months coliving and seasonal rentals), real estate investment and home services such as renovations, moving and alarm systems.
Added to all this is now the focus on property management, since “it is an entry channel to get to know the owner and not only offer them the management of their property, but also all the services related to the home.”
The partners of Finques Feliu will pilot this area, bringing their more than 80 years of experience in the sector, and will also benefit from the digitalization and financial capacity that Housfy brings them: “We have been negotiating for a year and a half. We have not made the operation out of fear, but to grow,” Joan Maria Feliu, partner and director of Finques Feliu, through which three generations of her family have passed, tells this newspaper.
Bosch explains that the latest financing round of 30 million euros that the firm raised in 2022 will help them undertake their growth plans for at least the next two years, and predicts a 2024 better than 2023 thanks to interest rates having peaked.
Since its founding, Housfy has raised financing worth €52 million, and its investors include Seaya Ventures, DN Capital, Torch Capital, Cathay Capital, Frog Capital and Banco Santander.