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The promoters and investors decided to make “colving” a development axis, by becoming hunters of goods to be transformed. Their goal? Maximize yields against the backdrop of the housing crisis.
A new form of high -end collocation is developing in France: the cotton. For 1,150 euros per month, an active young person met by France Télévisions lives with 12 other people. They share large living spaces together and have access to several services: cleaning, laundry room, gym and terrace. Colving, with 14,500 beds identified in 2023 (+ 70% in two years), is expanding.
Many investors therefore embark on the market, such as Vincent Fourcaut. That day, he visited a 300 m2 property in the Yvelines. 400,000 euros in work would be necessary to create around fifteen rooms, which would pay at least 8% of return, provided you negotiate the purchase price of the property. The rooms will be offered from 650 euros per month for the first arrivals. “We always have a price that is very low to reassure ourselves, then the price will tend to go up as we have the maximum filling rate”, he warns.
The prices charged by Colving, around 20% more expensive than a classic collocation, have become inaccessible for some young French people, rather attract foreign students with strong purchasing power. Ian Brossat, Senator (PCF) of Paris, wishes to regulate the phenomenon and establish a “legal framework“Around practice.
Watch the entire report in the video above
