In the first 9 months of 2023, Estateguru’s investors have received a total of €107.5 million in payments, with €13.5 million of that amount being profits. Looking at the third quarter alone, we see that investors have received €46.6 million in principal repayments and income, which is an increase of over 80% compared to the €25.6 million they received in the second quarter of the year.
Investor earnings totaled €4.5 million in Q3, with the average interest rate remaining stable at around 9%. Investors in Q3 financed 150 new real estate projects, with a total value of €26.8 million, which was an increase of 42% compared to Q2 (€18.8 million).
“We clearly see that our investors have significant funds ready for deployment, and are actively seeking new investment opportunities,” said Mihkel Stamm, CEO of Estateguru, adding that from the start of 2023 investors have funded new projects worth over €80 million.
“We anticipate that the positive momentum will continue into Q4. This is bolstered by our expectation of comparable, if not greater, repayments from ongoing projects and a strong pipeline of new ventures on our platform. Overall we see that our business model remains strong during this year.” added Stamm.