Award-winning property crowdfunding platform, The House Crowd, is celebrating a year of growth as turnover hits £1.1M for 2015 – an increase of over 140% from 2014.
The Hale-based company released its landmark 150th crowdfunding project last year, and has now raised over £17M invested in property throughout the UK. In response to a recent share offer, The House Crowd’s clients have invested £700,000 in the company. This investment figure correlates with the business’ latest valuation at £20million.
2015’s successes have enabled The House Crowd to welcome four new employees to its ranks, including a new Head of Finance and Marketing Director. The hires take total employee numbers up to 12, with further expansion earmarked for 2016. This year will see the launch of a new marketing campaign to open up property crowdfunding to an even wider audience. The House Crowd’s first TV advert will be aired this month, with a state-of-the-art new website and app to follow later in the year.
Frazer Fearnhead, Founder and CEO of The House Crowd, said: “Bricks and mortar remains a sound investment, but new regulations and changes to taxation have made traditional buy-to-let less attractive to the ordinary small investor. “However, property investing via crowdfunding can still be a viable and rewarding way to build a better financial future. Our aim is to make such investments simple and accessible for all.
“We expect to see strong growth in the number of investors opting to invest via crowdfunding as landlords look for alternatives to direct investment and all the hassle that it involves.” The House Crowd is a property crowdfunding platform that solves some of the common problems often faced when investing in a property as an individual. With investment from just £1,000, individuals can invest in property companies (SPVs) to share in any income and capital uplift. Crowdfunding allows investors to pool resources with those other like-minded investors, spreading risk and earning great returns.