Amid Spain’s housing crisis, marked by rising prices and increasing difficulties for young people to enter the property market, co-living alternatives like the Cirerers cooperative in Barcelona are gaining popularity as a more affordable option. - REUTERS
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00:00Amid Spain's housing crisis, rising prices are making it harder for young people to buy
00:05a home. As a result, co-living alternatives, like the Cire Reyes Cooperative in Barcelona,
00:12are gaining popularity.
00:14Resident Ángela García says this approach allows people to save money while cultivating
00:19a sense of community.
00:21A model like the one I live in can change your life for the better, allowing you to
00:26save much more money. Housing becomes more affordable, leaving you with more money for
00:31your daily life.
00:34The eight-storey cooperative has been home to 32 families since 2022. Residents share
00:39not only living spaces but also the responsibilities of communal living, including communal kitchens,
00:46workshops and rooftop terraces. It's a model that provides some stability in a market where
00:52property values have escalated and rent prices have surged.
00:57Here is José Tellez, a spokesperson for the housing cooperative Sostre Civic.
01:05Cooperative housing is an alternative to buying and renting. The people who live here do not
01:09own their homes individually, but collectively, as they are members of the cooperative. These
01:14are homes at cost price, and this means they are much more affordable than traditional
01:19homes.
01:20In Spain, the average age of first-time homebuyers has risen to 41, according to real estate
01:26website Fotocasa. And a recent report by Savills suggests that co-living could make up 16%
01:32of new build-to-rent projects in the near future.