New crowdfunding site created for property investment in Spain

THANKS to a new crowdfunding website, anyone with €500 euros in their wallet can become a property tycoon.

Housers.es, created by two Madrid entrepreneurs Antonio Brusola and Alvaro Luna, allows anyone to invest a minimum of €500 in a share of a home, building or renovation project.

Every investor receives a monthly return proportional to their investment, as well as a bonus commission on a sold apartment.

The business encourages customers to invest small quantities in multiple livings through their system, which reduces the risk of the investment.

The founders state that their website serves a dual purpose, to allow people who would not traditionally invest in property a stake in the market and to allow promoters of properties to not rely exclusively on banks for funding.