Urbanitae Raised 213 Million Euros in Real Estate Crowdfunding in 2024, 60% More Than the Previous Year

The Spanish real estate crowdfunding platform Urbanitae has closed 2024 with a record funded volume of 213 million euros, which is 60% more than in 2023 and reaching 480 million accumulated since it began its activity in 2019.

The company, which also operates in Portugal, France and Italy, executed a total of 66 projects last year together with developers such as Libra Gestión de Proyectos, Fenext and Vogue Homes, it said in a statement.

47% of the projects launched on Urbanitae were equity projects, where investors become owners of the asset, and 44% were structured under the debt or crowdlending formula. The remaining 8% were income projects, where investors receive periodic dividends for the rental of a property, generally a commercial premises.

In total, Urbanitae commissioned nearly 2,500 homes in 2024, 87% of them in Spain

70% of the transactions exceeded 2 million euros and 9% had a value of 5 million euros, the maximum allowed by law.

“The real estate sector has found a breath of fresh air in crowdfunding in a context marked by credit containment. And, in turn, small and medium-sized savers have incorporated this investment formula into their portfolios, encouraged by the fact that we have successfully completed all of our projects to date,” said Urbanitae’s co-founder and CEO, Diego Bestard.

Since Urbanitae started its activity in June 2019, after receiving authorization from the CNMV, Urbanitae has accumulated a financed volume of 480 million euros through 191 operations, of which 28% have already been concluded, returning 70 million euros in capital and interest to more than 28,000 investors, with an average IRR profitability of over 13%.

__

(Featured image by Vita Vilcina via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in infobae. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.