Business · Companies · 3 hrs ago
Investment in Spain’s flexible stays reaches €812 million in 2026
Investors put €812 million into flexible stays in Spain so far in 2026, according to figures from Savills.
These properties offer short- or medium-term accommodation, usually for less than a year, in flex-living buildings or serviced apartments.
They serve people needing temporary housing, including workers on assignment, postgraduate students and families visiting patients.
The sector has attracted €4.5 billion over the past five years, as investors look beyond traditional housing amid uncertainty over residential rules.
Madrid is the main market for flex living, while serviced apartments are spread across several regions, including Catalonia, Andalusia and Valencia.
Spain currently has about 16,500 beds in operation, and the forecast is to reach 40,500 by 2028.
That growth depends on financing, stable rules and operators able to expand profitably, and an industry figure has urged caution while the sector is still expanding.
Investment in Spain’s flexible accommodation sector reached €812 million so far in 2026, according to Savills data reported by Expansión.
The sector has attracted €4.5 billion over the past five years.
More than 1,500 units were involved in purchases completed so far in 2026.
The operational stock stands at about 16,500 beds, with a forecast of 40,500 by 2028.
Flexible living is concentrated mainly in Madrid, while apart-hotels are spread across several major regions.
- Who
- Investors in flexible accommodation, including Meridia and Atitlan.
- What
- €812 million was invested in flexible accommodation properties in Spain so far in 2026.
- When
- So far in 2026, according to data reported on 14 October 2026.
- Where
- Spain, with flexible living concentrated mainly in Madrid.
- Why
- The sector is gaining ground as an investment alternative to traditional residential property. Savills figures and an explanation from Vitur’s founder are cited.
This story does not have two clearly opposing sides.
Atitlan bought land in Madrid’s Villaverde district with Momentum Real Estate to build 1,500 short- and medium-stay rental apartments.
Savills recorded €812 million invested in flexible accommodation and purchases involving more than 1,500 units.
The forecast operational stock is expected to reach 40,500 beds, up from about 16,500 currently.
- Investment so far in 2026
- €812 million
- Investment over the past five years
- €4.5 billion
- Units involved in purchases so far in 2026
- More than 1,500
- Operational stock
- About 16,500 beds
- Forecast stock in 2028
- 40,500 beds
What people are saying
However, reaching that point requires operators who know how to scale profitably, as well as available financing and a stable regulatory and tax framework.