“Our active portfolio from the past two years is performing well, with over 75% of loans issued in 2023 already repaid to investors along with interest,” commented Mihkel Stamm, CEO of Estateguru, on the November results. He also highlighted the success in resolving overdue projects, stating, “In November alone, we managed to recover more than €4.2 million for our investors.”
In terms of new projects, investors funded property development loans totaling €7.2 million in November. The largest contributions came from Estonia with €3.1 million, Lithuania with €2.2 million, and Latvia with €1.5 million. “For the first time in a while, we are seeing optimistic signals in the property market. Interest in our financing solutions has clearly grown among real estate developers across all three Baltic countries, particularly in the final quarter of the year, as evidenced by the rapid increase in applications in October and November,” Stamm noted.
November also marked a significant milestone for Estateguru. Over the past decade, the platform has facilitated the financing of real estate projects worth more than €850 million, while investors have collectively earned €86 million in returns. Additionally, €51.3 million of non-performing loans have been successfully recovered, with these loans achieving an average return of 7.6%.
