Rising number of 18-30 year olds invest in property crowdfunding
New research has revealed that a growing number of 18-30-year-olds are investing in property crowdfunding as a way to access the housing ladder.
According to Shojin Property Partners, property crowdfunding has become appealing to the demographic as it provides a route to investing in property without having to put down a large deposit or depend on savings. The company stated that they have observed a rise of 20% in the number of 18-30-year-olds investing in the projects, with those in the 30-39 bracket being the largest group at 44%.
CEO of Shojin Property Partners, Jatin Ondhia stated: “With interest rates so low, millennials are losing money, keeping it in a bank due to the rate of inflation. This, combined with out-of-reach property prices, is driving an increase in 18-30-year-olds investing in property crowdfunding.
“This age group will increasingly embrace crowdfunding, as they are early adopters of new and emerging technologies and are keen to try innovative ways to invest. Being able to invest smaller sums of money is also very attractive to millennials, enabling them to dip in and out of property. They have potentially large investing power and crowdfunding offers them an opportunity to spread risk.”