Fractional Ownership in Co-living Property Portfolios
Details:
3 out of 4 people in the UK spend 8-10 years of their lives in co-living properties as students and young professionals before they get married and settle down. This presents a multi-Bn £ opportunity for investors. Students and young professionals are the country’s future, and we must invest in them.
At Novyy, we do our part by investing in affordable co-living housing assets which is largely an unorganised segment of the market. Over 90% of such housing assets are held by private landlords which presents a significant opportunity for Novyy and our investors. New-built PBSA (purpose-built student accommodation) form less than a quarter of the required inventory and are usually more expensive owing to their modern amenities and build costs. We focus on existing stock - HMOs (Houses in Multiple Occupation) and SFRs (Single Family Residences) which cost tenants £110-£150 per week and is within the means of domestic students and young professionals. We source, acquire, finance and continue to manage these assets on behalf of our investors.
Attend this session to learn more.
Speaker Profiles
Ashish Saraff has been an investment professional for over 20 years and comes with extensive experience in securities, investment banking, real estate finance, energy finance, equities, and commodities markets. He is an MBA alumnus of London Business School. He has previously served in corporate roles as Managing Director - South Asia and Middle East at AVG America Investments LLC and Director of India at LCR Capital Partners LLC.
Novyy Technologies is at the forefront of his vision to develop a global, integrated real estate solutions platform, which connects all the missing dots in this fragmented industry and makes real estate investing simpler, faster and more inclusive.
Ashish lives in Cambridge, with his wife and son.