{"id":8403,"date":"2020-09-13T20:00:00","date_gmt":"2020-09-13T20:00:00","guid":{"rendered":"https:\/\/savingsforfreedom.com\/?p=8403"},"modified":"2020-11-29T15:47:09","modified_gmt":"2020-11-29T15:47:09","slug":"the-latest-real-estate-european-p2p-industry-news-insights","status":"publish","type":"post","link":"https:\/\/savingsforfreedom.com\/blog\/2020\/09\/13\/the-latest-real-estate-european-p2p-industry-news-insights\/","title":{"rendered":"The Latest Real Estate European P2P Industry News & Insights"},"content":{"rendered":"\n

It is becoming increasingly difficult to share with you all the P2P industry news and insights in a calm and reflective manner. In order to provide you with an overview of what his currently happening with European P2P platforms, I will try to collect as much information as possible in the quicker and more efficient manner. I welcome all constructive criticism on how to make this work better for you in the future.<\/em><\/p>\n\n\n\n

\"N26<\/a><\/figure>\n\n\n\n

EstateGuru<\/a><\/h2>\n\n\n\n
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\"EstateGuru<\/a><\/figure><\/div>\n<\/div>\n\n\n\n
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EstateGuru<\/a><\/strong> reported record volumes of loans in August, with over \u20ac10M worth of loans being issued through the platform.<\/p>\n\n\n\n

The first German project\u2019s loans were repaid to investors before maturity (\u20ac2,0M) and one of the largest defaulted loans was recovered. During August, borrowers paid back 64 loans in the amount of \u20ac10,2M and the return rate of repaid loans was 11,3%. Furthermore, EstateGuru<\/a><\/strong>\u2019s investors have now earned a total amount of \u20ac17,8M since the platform inception in 2014.<\/p>\n\n\n\n

In August, 7 loans worth \u20ac700K were marked as default.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Bulkestate<\/a><\/h2>\n\n\n\n
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Bulkestate<\/strong><\/a> is requesting current investors to confirm their profile information to comply with KYC (know your client) and AML (anti money laundering) policies through the use of Onfido\u2019s verification and authentication services.<\/p>\n\n\n\n

From now on, two-factor authentication will be available to all platform users. It’s optional, but recommended to securely log into the account.<\/p>\n\n\n\n

A new investment opportunity “Skolas Street”<\/a><\/strong> with an annual return of 13.5% will be launched Tuesday, September 15th.<\/p>\n<\/div>\n\n\n\n

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\"BulkEstate<\/a><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n
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EvoEstate<\/a><\/h2>\n\n\n\n
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\"EvoEstate<\/a><\/figure><\/div>\n<\/div>\n\n\n\n
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EvoEstate<\/strong><\/a> secured a round of funding, from Startup Wise Guys, a Hong Kong-based stealth investment fund, and business angels from France and the Baltics. Startup Wise Guys are known in the P2P industry for backing EstateGuru<\/a><\/strong> since their early days. A good sign for the future of the platform.<\/p>\n\n\n\n

They shared with investors a Real Estate Investment Report that could be interesting for you as investor. Find a copy here<\/a><\/strong>. <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Crowdestate<\/a><\/h2>\n\n\n\n
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Crowdestate<\/strong><\/a> CEO Loit Linnup\u00f5ld<\/a><\/strong> contacted investors to address their concerns regarding the Estera Development Holding O\u00dc reported losses. For context, out of the initial investment of \u20ac1.1M in the project, investors received ~\u20ac300K, resulting in a internal rate of return (IRR) of -64.33%.<\/p>\n\n\n\n


“While we are truly sorry for that investment going south, everything concerning the collection of debt and liquidation of company\u2019s assets were done according to Estonian law.”<\/p>\n\n\n\n

A hard lesson to investors of the Risks of P2P<\/a><\/strong> lending.<\/p>\n<\/div>\n\n\n\n

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\"Crowdestate<\/a><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n
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ReInvest24<\/a><\/h2>\n\n\n\n
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\"ReInvest24<\/a><\/figure><\/div>\n<\/div>\n\n\n\n
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ReInvest24<\/strong><\/a> announced that the implementation of the secondary market is postponed to October 2020.<\/p>\n\n\n\n

Since September 12th, the platform is reducing the investment fee in half, from 2% to 1% of the investment amount.<\/p>\n\n\n\n

The Majaka 54-13 project property was placed on the market, as the short-term rental market got a big hit due to COVID19. Tanel Orro<\/a><\/strong> is confident that it will be sold with profit in the near future, just like the 4 other Majaka apartments were in the past.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Rendity<\/a><\/h2>\n\n\n\n
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Rendity<\/strong><\/a> is promoting a new project in Vienna: Schuhmeierplatz 13. With an interest rate of 7,00% per year and a term of max 24 months. <\/p>\n\n\n\n

After completion of the construction work, a total of 45 residential units with an average floor space of 32 m\u00b2 – 74 m\u00b2 including balconies and terraces will be offered for sale.<\/p>\n\n\n\n

According to planning, completion is scheduled for the 3rd quarter of 2021.<\/p>\n<\/div>\n\n\n\n

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\"Rendity<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n
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Profitus<\/a><\/h2>\n\n\n\n
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\"Profitus<\/a><\/figure><\/div>\n<\/div>\n\n\n\n
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In August Profitus<\/strong><\/a> reached 10000 registered investors.<\/p>\n\n\n\n

Next Tuesday, September 15th at 10 AM Viktorija Vanag\u0117<\/a><\/strong> will present a live broadcast to discuss:<\/p>\n\n\n\n