Member Article

Hale-based crowdfunding property investment company raises £10m

Hale-based crowd funded property investment company, The House Crowd, has fundraised £10m from investors since it started trading in 2012.

In three years of trading, The House Crowd has purchased and refurbished 121 rental properties via its crowdfunding platform which allows people to invest as little as £1000 in the property market.

Crowdfunding is continuing to grow in popularity with the World Bank projecting that the global crowdfunding market will be worth $90 billion by 2025.

Managing Director of The House Crowd, Frazer Fearnhead, said: “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.”

This was posted in Bdaily's Members' News section by Sophia Taha .