Italian-based IBuyer Casavo has continued its international expansion by launching services in Barcelona, strengthening its presence on the Spanish market with aims to exceed 100 sales in a few months. The property-buying business has a local team in Spain and plans to quadruple Catalan employees by 2022.

Casavo has a plan to acquire properties in the city worth over €100 million in the first 12-24 months. The announcement comes just a few months after raising capital of €200 million.

The company was already operating in Madrid.

“Barcelona is a dynamic and very fragmented market, characterized by an outdated real estate stock. It, therefore, represents a strategic choice for us, which allows us to consolidate our presence in Spain by changing the way we sell homes for thousands of consumers,” says Giorgio Tinacci, founder and CEO of Casavo.

Casavo today has around 270 employees in Italy and Spain, with half of these having joined Casavo in 2021.

The focus on Catalonia comes in a very positive moment for the real estate market: the region ended the second quarter of the year with 22,062 residential transactions, a level of activity only reached after the real estate boom of 2007, as reported by the Associació d’Agents Immobiliaris de Catalunya (AIC) and the Collegi Oficial dels Agents de la Propietat Immobiliària (COAPI).

“We will take an inclusive approach that benefits the entire real estate ecosystem and will continue to invest in people and technology to deliver the best user experience to our clients. This opening represents a further challenge for Casavo’s growth in Europe, but also an important opportunity to continue to innovate,” Tinacci said.

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