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Luxury House Crowdfunding in Madeira

After several successful crowdfunding projects funded on the continent, Housers real estate crowdfunding platform is heading to Madeira and ready to launch its first project.  The company has stated that it giving Portuguese and worldwide investors ‘the opportunity to finance the construction of three luxury villas near Funchal.’

Located in the Ribeira Brava, high in the mountains and offering panoramic views of the island, this ‘opportunity’ is the first of this three phase, €600,000 project. The first phase consists of a         €185,000 participatory loan to a developer for the purchase of four plots of land with a total area of ​​2,400 m² for the construction of three villas whose design is said to be inspired by contemporary Portuguese architecture. 

As this is a” Fixed Rate ‘type opportunity,’ investors participating in this project will receive a bonus each month in line with the interest rate agreed with the developer, while individuals ‘initial loan capital’ will be returned within 12 months.

João Távora, responsible for the international markets of the Spanish company, including Portugal, explains that this is one of Housers’ most significant projects in Portugal in terms of total financing objective, showing how the platform is an alternative for numerous real estate purposes.  On the other hand, given that Madeira’s real estate sector has been growing at a rapid pace, especially in the housing market, this is an excellent opportunity for investors to diversify their portfolio into a new location outside mainland Portugal. This project will also attract and bring domestic and foreign investment to the region, thus boosting the economy and housing sector.

Housers is a real estate crowdfunding platform that offers anyone the possibility to invest in real estate projects starting at just €50.  Since its inception in Portugal in October 2017, it has raised 5 million euros from over 13,000 Portuguese users.

Globally, the platform already has more than 113,000 registered investors from around the world.

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Samantha Gannon

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Photo: Chiara Daneluzzi – Upsplash

Madeira Weekly