Housers: Quick Review

Housers Platform @ Savings4Freedom

Housers First Impressions & Review

Last Update (01.12.2019)

Housers is a real estate P2P crowdfunding investment platform based in Spain. It allows investments in real estate projects located in Spain, Italy, and Portugal and earn up to 10% per year in interest.

In case you employ my referral link to invest in Housers you earn 25€ in cash bonus one month after your initial €50 investment, and you can join the refer a friend program. You need to invest the bonus amount in Housers.
Check this page for additional bónus and promotions.

Housers Fees and Taxes

Crucial notes: Housers charges a fee of 10% of your profits! In addition, Housers deducts taxes of your profits automatically. The deduction amount depends on investors’ and developers’ fiscal residence, with huge implications on your returns. To continue, Housers does not offer any buyback guarantees.

Housers Logo @ Savings4Freedom

Housers Account Update

Investment Start Date: August 2019

Total Deposits: 50,00€ (November 2019)

Asset Value: 100,73€ (November 2019) 

Analysis TopicPersonal Take
Type of Loans @ Savings4Freedom

Type of Loans Available

Real Estate
Interest Rate @ Savings4Freedom

Average Interest Rate 

Below 10%
Buyback guarantee @ Savings4Freedom

Buyback / Secured Loans

No buyback guarantee
Early Exit @ Savings4Freedom

Early Exit / Secondary Market

Yes (Indirect due to Spanish regulatory rules: – Direct Communication Channel)
Autoinvest Feature @ Savings4Freedom

Auto Invest Feature

Not available
Control over loans @ Savings4Freedom

Control over Loans Invested

Yes
Money Drag @ Savings4Freedom

Money Drag

No
Hidden Fees @ Savings4Freedom

Hidden Fees

Yes. 10% of your profits
Taxes are deducted
Loan Duration @ Savings4Freedom

Loan Duration

12 months to 5 years
Report Quality @ Savings4Freedom

Reporting Tool

Medium Quality
User Experience @ Savings4Freedom

User Experience

Medium Quality
Sign up bonus @ Savings4Freedom

Sign-up Bonus

In case you employ my referral link to invest in Housers you earn 25€ in cash bonus one month after your initial €50 investment, and you can join the refer a friend program. You need to invest the bonus amount in Housers.
Evaluation @ Savings4Freedom

Overall Evaluation

3/10


My Housers Account

Housers Account @ Savings4Freedom

Housers Income Graph

Housers Quick Overview

Available to the public since January 2016, Housers expanded to Italy and Portugal in 2017. The founders are Tono Brusola and Alvaro Luna (that already left the company in conflict) and its current CEO is Juan A. Balcazar. The company has registered offices in Madrid, Valencia, Milano, and Lisbon.

Housers is supervised and regulated by the Spanish CNMV financial market supervisory authority and uses Lemon Way as a third-party payment institution (like a PayPal system), registered in France and authorized by the ACPR – Banque de France, in which investors hold a segregated account. This means that investors’ money is held separately from each other and Housers’s funds, which will make things run easier for investors in the case of future turmoil like bankruptcy.

The minimum deposit and investment required are €50, accepting worldwide individual investors (with the exceptions presented below) and legal entities.

Exceptions: Afghanistan, Barbados, Belarus, Burma, Bosnia-Herzegovina, Bosnia, Burundi, Korea, Egipt, United Arab Emirates, Ethiopia, United States of America, Guatemala, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Libia, Macau, Mali, Mongolia, Namibia, Panama, Central African Republic, Congo, Russia, Samoa, Somalia, Sudan, Sri Lanka, Syria, Ukraine, Venezuela or Yémen.

Source: Housers

I must confess I don’t like the platform, even if I welcomed the initial sign-up bonus. I will keep the bonus invested, but as soon the investment closes I will close my position on the platform.

Housers Quick Platform Review

Creating a Housers investor account only took a few minutes, however, the experience to start investing was confusing, especially in comparison with other Real Estate P2P crowdlending investment platforms in the market, such as Grupeer, Bulkestate, or Estateguru. Registration demanded a lot of different interfaces and the platform requires a lot of navigation in order to understand how it works.

The platform offers three main types of investments: Buy-to-letBuy-to-sell and Development loans.

Housers Scoring

Housers analyses and rates every project from A to G, being A the safest and G the riskiest. An opportunity with a score of A or B represents a minor risk but also a lower annual yield, common to most of the buy-to-let opportunities. Buy-to-sell and development loans normally stay between C and G rating.

The key factors Housers considers when scoring is:  location, project developer’s experience, sale price, construction, valuation price, big data price, financial ratios, working capital, credit capacity models, and guarantees.

Housers: Final Notes

The returns on Housers are among the lowest within my P2P crowdinvesting portfolio. It’s not the best platform to use if you are just after maximizing your passive income, but it offers an interesting South European marketplace, excellent to expand and diversify your real estate portfolio across other European countries. I won’t invest more money, but I understand why some investors want to use the platform for geographic diversification.

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