House Crowd hits £10m milestone

PROPERTY investment company The House Crowd is celebrating after reaching the £10m milestone since it started trading in 2012.

The Hale, Cheshire-based company offers people the opportunity to invest as little as £1,000 in the property market via its crowd funding platform.
 
In three years of trading, The House Crowd has purchased and refurbished 121 rental properties by raising £10m in funds from investors.
 
Managing director Frazer Fearnhead said: “We’re thrilled to have reached such a significant milestone in such a short space of time.

“Crowdfunding 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.”
 
Crowd funding continues to grow in popularity.The World Bank is projecting that the global crowd funding market will be worth $90bn by 2025.

The House Crowd was set up in 2012 as the world’s first crowd funded property investment vehicle, whenFearnhead spotted an opportunity to “democratise” the property market.