The flexible accommodation sector welcomes a new addition: a coliving space launched by the Muppy platform in the heart of Malaga.
Situated on the iconic Calle San Juan, just steps away from Plaza de la Constitución, the building features seven floors and spans 1,500 m², housing 36 flats priced between €999 and €1,550 per month, depending on size. Tenants are required to pay a one-month deposit, refundable at the end of the lease.
Each unit includes a private bathroom and outdoor area, along with essential cleaning supplies, kitchenware, and textiles. Residents can also enjoy amenities such as a coworking space and a communal terrace on the top floor, offering panoramic views of the city.
The coliving and residential asset management platform announced that the property, named Edificio San Juan, has been remodelled by its team of architects and has been operational since late July. In its first few weeks, it has achieved an occupancy rate of 78%, attracting digital nomads and young professionals as its primary tenants.
Muppy reports that the flats have been rented primarily to young residents with an average age of 29, who typically stay for one to four months. The tenant demographic is diverse, with 10% from Spain, 70% from various European countries, and the remaining 20% hailing from America and Asia.
This marks Muppy’s first coliving venture in Malaga and the largest the platform has launched to date, with plans for additional locations in the city by the end of the year. If forecasts hold true, a new coliving space on Calle Álamos will open in October, followed by another at Huelin Market in December, both featuring over 20 units.
Currently, the company manages three types of assets: properties over 120 m², multi-unit portfolios within a single building, and entire buildings. The latter two categories are Muppy’s primary focus.
However, the platform is exploring opportunities to offer its investors end-to-end solutions including acquisition, renovation and project management. In fact, the company says it is ready to "offer efficient and cost-effective management to investors, family offices and wealth funds". Muppy insists that the aim is to expand its portfolio with assets that can be operated under its coliving model.
Currently, the platform has 80 studios available on idealista, distributed between Madrid, Barcelona, Alicante, Valencia and Malaga.
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