Back
23/04/2021
Sneakypeer Newsletter Week 16
Welcome back to the Sneakypeer newsletter! Below you will find industry news from last week.
Reinvest24 launches a cashback campaign
Reinvest24, an Eastern European real estate crowdfunding investment platform, has recently announced its 3rd-anniversary campaign, inviting users to invest in their primary market and receive cashback. Starting from April 12, users who invest over 5001 euros are eligible to gain a cashback to up to 0,75% from the gross investment amount, an investment ranging from 1001 euros to 5000 will earn the investor 0,5% in cashback, but those who decide to invest less than 1000 euros will be paid out 0.25% from the gross investment. The campaign will be valid for a month until May 12.
According to Reinvest24, this generous gesture is a means of thanking their investors for their loyalty over the past three years of investing in real estate through their platform.
Crowdestate expands to new markets
Crowdestate, an Estonian crowdfunding platform, has recently entered the Portuguese and Slovak markets, offering their users new investment opportunities in real estate.
Following the crisis caused by the worldwide pandemic, Portugal is expected to experience a 3,9% growth in GDP in 2021 and a 5,2% increase in 2022, as Crowdestate has revealed in their recent blog post. Despite the pandemic affecting Portugal’s national economy throughout 2021, Crowdestate predicts positive trends within the housing market due to many individuals encountering job losses and significant changes in private consumption.
Additionally, Crowdestate offers users to invest in the Slovak market, which presents highly promising opportunities for interested investors. After the Slovak financial crisis came to an end in 2014, the real estate sector has experienced massive growth, as apartment prices have increased to up to 60% by the end of 2020. The rise in real estate prices is not expected to decline within the near future, as interest in housing currently greatly surpasses the supply.
