Real Estate Financing Platform Housers Completes 1st Project

6 November 2017

The Housers participatory real estate financing platform’s purchase of a villa in Lisbon concluded the firm’s first investment in Portugal.

The Housers participatory real estate financing platform completed its first investment project in Portugal with the purchase of a villa in Lisbon that will be rented for five years and subsequently sold, the company announced today.

The operation included a total investment of 193,000 euros financed by 453 small investors and was carried out in 20 days through the Housers platform.

The company expects that this project will achieve a net annual return from rents of 4.05% and accumulated profitability (rental and sales price appreciation) of 36.37% in five years.

The Housers participatory real estate financing platform announced the start of its activities in Portugal last month, where it expects to attract 11,000 users in a year and investments of 3.5 million euros to finance the purchase of 10 to 15 properties in Lisbon and Porto.

The company explained that it opened an office in Lisbon and that it will replicate the business model it implemented in Italy, where it has been operating since May.

Housers says it already has 70,000 users who have invested 33 million euros in more than 200 properties.

The platform aims to reach 100,000 users before the end of this year, as well as to exceed 45 million euros of real estate investment in Spain and LisbonItaly.

Original Story: Dinheiro Vivo / Lusa

Photo: Miguel Baltazar

Translation: Richard Turner