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TODAY'S OTHER NEWS

The House Crowd ready to build on successful 2015

The House Crowd achieved turnover of £1.1m for 2015, a huge rise of over 140% from 2014's total.

The property crowdfunding platform, based in Hale, Greater Manchester, reached its landmark 150th crowdfunding project last year. As of now, it has raised more than £17m invested in property throughout the UK.

Four new employees have been recruited as a result of 2015’s successes, including a new Head of Finance and Marketing Director. The House Crowd now has 12 employees in total, with further expansion in the pipline for 2016.

The company is set to up its marketing drive over the next 12 months, thereby opening up property crowdfunding to a much wider audience. This month will see the first airing of The House Crowd’s first ever TV ad, while a new website and app will follow later this year. 

“Bricks and mortar remains a sound investment, but new regulations and changes to taxation have made traditional buy-to-let less attractive to the ordinary small investor,” Frazer Fearnhead, Founder and CEO of The House Crowd, commented.

“However, property investing via crowdfunding can still be a viable and rewarding way to build a better financial future. Our aim is to make such investments simple and accessible for all.”

He added: “We expect to see strong growth in the number of investors opting to invest via crowdfunding as landlords look for alternatives to direct investment and all the hassle that it involves.”

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