Stockholm-based digital real estate platform Navian has partnered with Norwegian real estate company Address to make homeownership more accessible in the Nordic region.
The two partners share a commitment to addressing housing affordability by redefining how individuals finance, invest in and gain access to real estate.
Address is developing a unique rent-to-own program that includes a user-centric digital solution that seamlessly integrates technology and real estate expertise, simplifying the process of transitioning from renting to owning.
This approach aligns with Navian's vision of offering property investors and developers innovative real estate development solutions that meet their evolving needs.
Address's Rent-to-Own platform provides an opportunity to property investors to generate stable financial returns combined with social impact, while property developers get access to an institutional partner as part of their housing development financing structure.
Sergey Kazachenko, CEO at Navian, said: ‘Address's innovative approach to Rent-to-Own solutions has captured our attention, and we are excited to join forces with them. By combining Navian's network and real estate expertise with Address's visionary technology, we are poised to reshape the real estate landscape in the Nordics, providing a more streamlined and empowering experience for those looking to invest in real estate.’
Nedim Mavric, co-founder, and CEO of Address, added: ‘What drew us to Navian was their innovative approach to real estate development solutions and their shared dedication to making an impact. By combining Navian's extensive network and real estate expertise with our pioneering solutions, we are making it possible to scale our solution in Sweden efficiently, addressing the pressing need for new home purchasing and development solutions in the Nordics. Our collaboration goes beyond technology and investment. It's about social responsibility, positive change, and tangible impact. It's about addressing a megatrend, which is declining housing affordability, in a very large market - residential real estate.’