Crowd funded property investment company, The House Crowd, has fundraised £10 million from investors since it started trading in 2012.
The Hale based company offers people the opportunity to invest as little as £1000 in the property market via their crowd funding platform. In three years of trading, The House Crowd has purchased and refurbished 121 rental properties by raising £10 million in funds from investors.
Frazer Fearnhead, Managing Director of The House Crowd commented: “We’re thrilled to have reached such a significant milestone in such a short space of time. Crowd funding provides the opportunity for hassle free investment, and we’re confident that The House Crowd will continue in its popularity in a market the UK is fascinated with: property.”
“We speak with investors on a daily basis frustrated with their banks or poor levels of interest in their savings account. By offering a platform for investors to pool their resources, we allow people the opportunity to take a stake in the property market to boost the money they would otherwise have sitting around doing nothing.”
Crowd funding continues to grow in popularity. The World Bank is projecting that the global crowd funding market will be worth $90 billion by 2025.
The House Crowd was set up in 2012 as the world’s first crowd funded property investment vehicle, when Frazer Fearnhead spotted an opportunity to democratise the property market. Since then the company has won and been nominated for a string of national awards and continues to lead the property crowd funding sector.