Estateguru, Europe’s leading platform for property financing and investing, has had a stable and successful first quarter in 2023. The company has reported financing a total of 178 projects with a loan volume of €23 million and reaching a new milestone of €700 million in financed loans.
In the first quarter, Estateguru financed a total of 178 different projects, while 3235 new investors joined the platform. “Today we see that the real estate market in the Baltic States is revived, and developers, buyers and investors have all become more active again,” commented the CEO of Estateguru, Mihkel Stamm. He added that he is optimistic about the market’s development prospects, but that it will still take time to return to the volumes of a few years ago.
According to Stamm, the increased interest rates have also brought higher returns to investors participating in crowdfunding. “Last year, the average annual return of our investors was 8.62%, while the corresponding figure for the first quarter of this year was already 9.56%,” he said.
Estateguru’s assets under management stood at 295 million euros as of the end of the first quarter, which is 16% more compared to the same period in 2022. A total of over 156,000 investors have joined the Estateguru platform since its launch, financing loans secured by real estate for more than 700 million euros.