Housers Review 2020: My 2-year results
In this post, I decided to report on my first year of investment in Housers' real estate crowdfunding platform, which proposes investments in Spain, but also in Italy & Portugal.
In the post, you'll hear about the platform itself, how to open an account and start investing, and I'll share my experience with the platform after investing for two years. Let's start!
What I liked
Diversified in several programs
Easy access to the Southern Europe market
A solid balance of equity deals and loans
What I didn't like
Yields are lower than expected
Who are Housers?
Before we dive into how to use the app, let me tell you a bit about Housers. It's basically a Spain-based real estate crowdfunding platform, so you can invest in the Spanish real estate market as well as in Italy, and now in Portugal & Italy. Generally, European real estate crowdfunding sites are based in the UK or Baltic countries, so it's pretty cool to be able to invest in other countries and diversify your portfolio.
The platform itself is very nice with many offers in the countries I listed before. There's a good mix of equity-type projects (where you become a property partner and enjoy monthly rent) and development loans (where you get your money back with interest after a period).
I would have invested in Housers before if it wasn't for the Spanish regulations that prevented investors outside Spain from investing. This ban has been lifted, however, so everyone in Europe will invest on the website.
First, let me go into my investments to show you what was my first investment ever on Housers: a standard Barcelona buy-to-let flat. The platform yield was very high, about 4%. Also, if you buy it and handle it yourself in Spain, it's almost equivalent to the yield you would actually get on a similar flat. I invested €550 in this first contract.
You can pay by bank transfer, but also by credit card, which is very easy compared to other channels. This first house I've invested in is still rented, and I'm still making some income from that space. Here's a project picture:
The great stuff with Housers is that there's a feature called Instarent, which essentially means that even though they don't rent it right away, they already give you the rent income. That's pretty cool, particularly if it takes a lot of time to renovate it and then find a tenant: it will still produce income for you from day one.
Let's look at my portfolio now since I last updated this post. I've invested in 34 properties with a cost of over €9,000. Down below is the information of my current Housers portfolio:
As you can see, there's a strong mix of buy-to-let / buy-to-sell properties and construction loans that are increasingly present on the website. My average yield is just above 3 percent, which seems small but can be explained by many factors.
First, none of the ventures I've invested in have yet left, meaning I still have a lot of possible capital gains coming in the months ahead. Several programs were also postponed for administrative reasons and received no income for several months, which also explains the lower yield. Nonetheless, none of the projects I've invested in had disastrous issues like defaults, so my total Housers yield will certainly go up in the months ahead.
Overall, they give the lower yield, relative to other sites, I still suggest trying Housers if you already have a portfolio in real estate crowdfunding and want to diversify it in southern Europe.
Housers main features and highlights
- Real Estate