Port Vell, the second of PropCrowd’s real estate crowdfunding projects has raised in just a one month period the necessary funds to implement the second phase. This new opportunity which was launched this past December, has been funded by 86 new investors, raising a totality of €380,000.These investors have made investments of €100 (the minimum required by PropCrowd) to up to €50,000 in the case of the highest contribution. This shows that small or large savers can participate in any of its projects. The Port Vell property is a project of acquisition, reform and sale, with a 12 months’ time limit and offering an estimate yield of 15.47%.
This excellent assessment arrives after the great success of Diagonal 440, PropCrowd’s first opportunity, which has already returned the investment to its more than 50 investors with a record annual return of over 25%.
Aligned with the objective of offering a monthly investment opportunity, PropCrowds’ team is about to launch the next crowdfunding project in the Costa Brava. This property, close to the Calella de Palafrugell beach, will be purchased to be reformed and subsequently sold offering an annual return of between 10 and 15%. If you don’t want to miss out on this opportunity, keep an eye at the PropCrowd website and its social media.
Even while awaiting for the current 2018 data, the fact is that crowdfunding is picking up steam and continuing to grow at a steady pace. We firmly believe the future in real estate is collective, considering in 2017 around 100.000 people invested over €152m in Spain. The figure skyrockets if we look at global levels, where real estate crowdfunding traded more than €4,500m that same year. The forecast is for a closing of 2018 with an increase of 43%, with China, U.S. and U.K. leading the sector.
In Forcadell and PropCrowd we will continue to opt for this business model with the aim of making real estate investment accessible for everyone, this way anyone can improve the profitability of their savings with secure RE assets.
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