High Interest Real Estate Crowdfunding in South Europe
Housers is a marketplace for direct peer-to-peer lending that allows users to invest in loans granted on the platform directly to borrowers. All loans are real estate or property development loans. The loans are all collateral backed and the platform is the first of its kind in Spain. The platform has been around since 2015 helping develop properties and fund working capital for real estate companies in Spain, Italy and Portugal.
|Company:||Housers Global Properties PFP, SL|
|Business:||Real Estate Lending|
|Founders:||Alvaro Luna & Tono Brusola|
|Operating in:||Spain, Italy & Portugal|
Office location in Madrid
Table of Contents
Investor Introduction Video - How does Housers work?
Housers Pros & Cons
Characteristics of Loans
5% – 18%
6 – 120 months
Asset as Collateral ⇙
Minimum Investment ⇙
Direct Investment Structure
Loans on Housers
Two great things about Housers are the large range of available projects allowing lenders to diversify in different risk categories and the comprehensive amount of available documented information about the projects. With documents about financials, the project and legal necessities it is possible for investors to get a good idea about the risks involved with lending to a specific project. The standard formal description and financial information is only answering the basic questions one might have, but digging deeper into the documents presented will reveal more information than presented on most real estate platforms in the market.
Buyback Guarantee on Housers
Direct Investment Structure
- The direct structure means you are buying a claim against the borrower directly.
- The indirect structure means you obtain exposure to a loan by investing in a loan issued by a platform company to the loan originator.
The projects listed on the primary marked is available in a more comparable way under the “Advanced View”. This enables you to quickly get an idea about the real estate projects searching for lenders right this moment. All loan shares are listed with a market value of 1 euro and to participate the minimum purchase is 50 loan shares. This price can vary when sold on the secondary market.
Automatic investing is not available on Housers and it is not expected to be presented in the near future. This can be a downside for lenders just want to be diversified into as many loans as possible without being willing to browse and look through every project for the best deals. On the other side, having no automatic investing feature forces lenders to actively make decisions on every project instead of just blindly placing money into all kinds of different projects that could cause an overweight in for example vacation homes or any other specific risk category.
Nice to Know for Investors
Deposit & Withdrawal Process
Depositing funds to your investor account is done in three steps:
- Transfer money to your Housers account from your bank with traditional bank transfer or TransferWise.
- Your funds will be available for investment within the day of confirmed arrival (usually 1-3 banking days).
- After the funds are received and added to the account, you will receive an e-mail confirmation.
Withdrawing funds is very simple if you are already KYC validated. You just click the “withdraw funds”, enter the desired amount and wait the 1 to 3 business days before the requested amount will arrive on your account. There is no minimum withdrawal restrictions and no further additional fees or commission for withdrawing the funds – except maybe from your own bank. Remember, depending on their fee structure, your own bank might charge fees for handling the transaction or exchanging currency.
- + Profits
- + Extra profits
- + Profits from real estate sale
- + Interest payments
- + Benefits from the purchase of titles
- – Housers Fees
- – Extra expenses
- – Losses
- – Taxes = Net Profit
This information should be taken exclusively for informative purposes, but in general terms: Interest paid to non-resident investors in Spain will be taxed at the 19% rate in Spain. The investor may deduct in his declaration, the amount that according to the regulation of his country of fiscal residence corresponds to taxable income that appears as income obtained and taxed abroad.Housers FAQ: “How are the interest taxed in the event that the investor is a natural or legal person resident outside of Spain, but invests in a project where the developer is a Spanish resident?”
Housers only has email support and it can at times be very slow. This is not the ideal situation for a customer support, but the website contain a lot of the answers one might have. This is a con with Housers – good costumer relation and fast support is an important feature of any peer-to-peer platform.
Who Can Invest?
1. Individuals, of legal age, with Spanish or foreign nationality.
2. Legal entities (companies).
Notes: There is a limitation for some countries from where LemonWay does not accept open accounts from where users can invest. Amongst others Afghanistan, Barbados, Belarus, Burma, Bosnia-Herzegovina, Bosnia, Burundi, Korea, Egipt, United Arab Emirates, Ethiopia, United States of America, Guatemala, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Libia, Macau, Mali, Mongolia, Namibia, Panama, Central African Republic, Congo, Russia, Samoa, Somalia, Sudan, Sri Lanka, Syria, Ukraine, Venezuela or Yémen.
Housers FAQ: “Who can register for Housers?”
Is Housers Regulated?
Housers is a registered Crowdfunding Platform in Spain at Comisión Nacional del Mercado de Valores(CNMV) with the registration number 20. Housers is not financially regulated and does not offer financial advice and none of the proposed activities should be considered as such.
Housers Bonus - Receive 25 Euro on your first investment
|Total investments:||€114 million|
|Total returned to investors:||€42.9 million|
|Total number of projects:||275|
|Total number of projects ended:||83|
|Total number of projects in Spain:||220|
|Total number of projects in Spain closed:||69|
|Total number of projects in Italy:||36|
|Total number of projects in Italy closed:||9|
|Total number of projects in Portugal:||19|
|Total number of projects in Portugal closed:||5|
|Buy-to-let projects average obtained IRR:||4.74%|
|Development projects average obtained IRR:||10.12%|
|Equity projects average obtained IRR:||8.77%|
|Other projects average obtained IRR:||8.45%|
Please note that this overview may contain affiliate links. It means that a commission is earned if you decide to invest after using the link without additional costs to you. The information on this site does not constitute investment advice and is solely to give you a simple and easy overview of the platform. Always conduct your own due diligence and consult your financial advisor before making any investment decisions.