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Housers Comes to Portugal and Expects to Raise €3,5MM in Investments
11 October 2017
The real estate financing platform Housers will begin operations in Portugal and expects to raise investments of 3.5 million euros to purchase real estate
Housers participatory real estate financing platform will begin operations in Portugal, where it hopes to attract 11,000 users in a year and an investment of 3.5 million euros to finance the purchase of 10 to 15 properties in Lisbon and Porto.
In a statement, the company announced that it had opened an office in Lisbon and that it would replicate its business model, used before in Italy where it has been operating since May, in Portugal.
“The expansion into Portugal is an important step in our medium-term strategy to become the first participatory real estate financing community in Southern Europe,” according to Housers founding partner Álvaro Luna.
In the statement, Housers emphasised that it already has 68,000 users who have invested 32 million euros in 167 properties.
The platform aims to reach 100,000 users by the end of this year, as well as exceed 45 million euros of real estate investment in Spain and Italy.
Original Story: Dinheiro Vivo / Lusa
Translation: Richard Turner