EstateGuru, a leading Pan-European marketplace for property-backed loans and investments, recently announced a significant achievement. Their investors have collectively funded projects worth a remarkable €800 million through the platform.
The projects funded through EstateGuru are being hailed as integral parts of the modern European landscape, showcasing the constructive impact of informed investment decisions. In addition to this milestone, the platform has disclosed its Q1 results, revealing notable insights into investor earnings and platform growth.
Investors participating in real estate crowdfunding through EstateGuru have earned a substantial profit of €3.5 million in the first quarter alone, enjoying an average interest rate of 10.43% on their investments. Moreover, the platform saw a surge in new investors, with 2,721 individuals joining during this period.
During Q1 of 2024, investors utilized EstateGuru’s crowdfunding platform to fund new real estate projects, amounting to a total investment of €20.6 million over three months. Notably, €11.9 million of this investment was made using the platform’s automatic investment function.
CEO Mihkel Stamm expressed satisfaction with the continued trust and loyalty shown by existing investors, as evidenced by the high proportion of automatic investments. He also highlighted the strong performance of loans issued last year, with €33.6 million already repaid out of an initial €99.4 million.
Furthermore, EstateGuru achieved a significant milestone in Latvia, surpassing €100 million in funded loans, with €75 million already repaid.
EstateGuru’s mission revolves around developing a digital, borderless ecosystem for real estate financing and investment across Europe and beyond. Their unique approach connects service providers, SMEs, and investors in a seamless marketplace, offering a distinct advantage in cross-border and digital financial services.
The company boasts a diverse team of over 78 professionals from 12 different nationalities, spread across key locations including Helsinki, London, Tallinn (HQ), Riga, and Vilnius.
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By Proptechbuzz
By Ravi Kumar
