Interest in The House Crowd continues to gather momentum with the company set to launch its 44th property.
The 43rd property filled up in just two days.
Set up in 2012, The House Crowd is a Manchester based company that combines residential property with crowd funding.
The House Crowd is proving to be a popular investment model among small investors. The portfolio of properties is now close to the GBP3,000,000 investment point. Launched as a website, The House Crowd encourages investors to “crowd” together, each providing a small amount of money to purchase a property. The ability to invest as little as a GBP1,000 and gain greater return than most savings accounts and pensions has been central to take-up among investors.
Frazer Fearnhead, director of the company, says: “We are delighted with the growth of the business and the number of both repeat and new investors that are coming on board from all over the UK. The entire concept makes perfect sense and investors are delighted with the returns that we are generating.”