A ‘DISRUPTIVE’ developer has received backlash online over its plans to build tiny living capsule homes in Malaga.
Superlativo 8 is hoping to open its ‘hostel’ in June next year in Huelin, an up-and-coming area of the Costa del Sol city.
The hostel will be made up of a shared kitchen and community area and small living capsules consisting of just a bed to sleep in.
In documentation to lure in investors, Superlativo 8 makes it clear that the capsules can be rented out to long term tenants – despite the fact that Andalucian law prohibits hostels being used as housing.
In adverts seen on Instagram, investors are told they can buy ‘a pack of two individual bedroom capsules’ for €48,000.
The firm promises returns of between 19.7% and 31.1% in just one year – much higher than the typical rental or an Airbnb-style flat.
A 40-page dossier prepared by …