Madrid-based Proptech Tiko Acquires Local Competitor Housell, Consolidating Presence in Spain

Madrid-based Proptech Tiko Acquires Local Competitor Housell, Consolidating Presence in Spain

In a strategic move to solidify its position in the Spanish real estate market, Tiko, a prominent proptech company, has finalized the acquisition of Housell, a significant competitor in the industry. This acquisition underscores Tiko’s commitment to revolutionizing the process of buying and selling homes in Spain.

With the completion of this transaction, Tiko emerges as the largest digital real estate company in Spain and Portugal, boasting an extensive presence across multiple regions and a vast portfolio of properties. The integration of Housell’s expertise with Tiko’s technological innovations is poised to redefine the real estate landscape in Iberia, promising customers a seamless and transparent transaction experience.

Commenting on the acquisition, Sina Afra, CEO of Tiko, expressed optimism about the synergies between the two companies, stating, “Tiko’s vision to lead the online brokerage market in Iberia takes a significant step forward with the acquisition of Housell. We are excited about the opportunities this collaboration presents and are dedicated to leveraging our combined strengths to enhance the real estate ecosystem.”

Since its inception in 2017, Tiko has demonstrated a commitment to sustainable growth, achieving industry-leading unit economics. This strategic acquisition further reinforces Tiko’s market position, enabling it to extend its services to all regions of Spain and solidify its status as the premier digital real estate company in the country. As part of the agreement, AVIV Group will retain a minority stake in Tiko.

Nicolas Dagousset, Chief Corporate Development Officer at AVIV, commented on the transition, stating, “As part of the AVIV Group, Housell has established itself as a leading digital brokerage company in Spain. This strategic shift in ownership marks a pivotal moment in Housell’s evolution, positioning the company for continued growth and innovation.”

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