Casafari invests €50M

 In Companies, News, Property

Data specialist Casafari, which uses Artificial Intelligence (IA) to ensure transparency and the digitalisation of the real estate market, is to create a new branch of its business for Single Family Renting. (SFR)

The market for this asset class is already rapidly growing in the United States where around €45BN have been applied by institutional investors, asset and investment management companies and investment banks.
By stepping up investment in AI and digitalisation and its unique software, the company aims to investment solutions in residential renting in strategic locations all over Europe, including Portugal.
The goal is to attract investment to the tune of €50 million in 2032 and between €100-€200 million in the following years.
According to the company, the value of the Single-Family Rental market in Lisbon and Porto combined is €23.1Bn.
“High inflation, the growing cost of energy, the increase in mortgage interest rates, and a decrease in the number of construction projects for new build housing because of increased construction costs, and falling long-term property rental offer – all of these factors have contributed towards a strong interest in Single-Family Rental (SFR)”, says the company in a communiqué.