New crowdfunding site created for property investment in Spain

A new site allows anyone with 500 euros to become a property investor

LAST UPDATED: 12 Aug, 2015 @ 19:00

THANKS to a new crowdfunding website, anyone with €500 euros in their wallet can become a property tycoon.

Customers can invest in building projects or apartment complexes
Customers can invest in building projects or apartment complexes, created by two Madrid entrepreneurs Antonio Brusola and Alvaro Luna, allows anyone to invest a minimum of €500 in a share of a home, building or renovation project.

Every investor receives a monthly return proportional to their investment, as well as a bonus commission on a sold apartment.

The business encourages customers to invest small quantities in multiple livings through their system, which reduces the risk of the investment.

The founders state that their website serves a dual purpose, to allow people who would not traditionally invest in property a stake in the market and to allow promoters of properties to not rely exclusively on banks for funding.

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