Tag Archives: Europe

Mintos exceeds half a billion euro in investments and continues to lead in Europe

Mintos logo

Another significant milestone has been met by the Mintos marketplace for loans – in three years since its establishment, it has exceeded the half a billion euro mark in cumulative investments by investors. According to Altfi Data, Mintos currently is the leading player in the peer-to-peer lending market in Continental Europe with 39% of market share.

About EUR 1.5 million is invested in loans through Mintos daily, which is three times more than just a year ago. The average historic net annual return for investors over the past three years has been 11.9%.

Mintos is growing fast, which is reflected in the rapid expansion on both sides of the marketplace. On the investor side, about 3 500 new investors join Mintos each month. As of February 2018, there are 50 000 investors from 65 countries on the Mintos marketplace.

On the supply side of the marketplace, there are 35 loan originators from 21 countries on four continents – Europe, Asia, Africa and South America. This makes Mintos the world’s largest marketplace of its kind.

Martins Sulte, CEO and Co-founder of Mintos says: “We are proud of the results achieved so far and look forward to continued growth. We anticipate the size of our company, the number of loans and loan originators on our marketplace will grow significantly over the next few years, offering our investors even greater opportunities for great returns and diversification within a single marketplace. Our goal is to provide a free movement of capital that works for the benefit of investors and borrowers.”

How fast do you get your money back from renting an apartment in Europe – Top 5

Following the financial crisis and the decline in banks interests, more and more people have begun to buy real estates for investment purposes, relying on renting them and earning a higher return on the one obtained from a traditional bank deposit or other financial instruments. Read below what are the TOP 5 European cities where the purchase of an apartment for rent could bring the biggest gains.

The yield, or rental gain, is a measure of the attractiveness of a real estate investment. It shows what percentage of the amount used to buy the apartment you get each year from renting that property.
For example, if a person purchases an apartment with 200,000 euros and rents it with 833 euro / month (equivalent to 10,000 euro / year), that property generates a yield of 5% per year. As a result, that person will recover the money used to buy the apartment in 20 years (5 x 20 = 100%).

1. First place: Chisinau, Republic of Moldova

10% yield for a property (generally an apartment) with an average area of 120 sqm.
Time required to recover the purchase price: 10 years.

Pluses:
Some of the biggest real estate returns in Europe, but also in the world
The property market favorable to the owners

Minuses:
High taxes
Payments for property acquisition are made almost exclusively in cash
One of the poorest countries in Europe
Secessionist risks

2. Second place: Kiev, Ukraine

9.09% yield for a property with an average area of 120 sqm.
Time required to recover the purchase price: 11 years.

Pluses:
Low cost of transactions
Moderate tax on rental income
The property market favorable to the owners

Minuses:
Expensive properties reported on the country’s GDP
Corruption and risk of political instability
Vulnerability to international crises

3. 3rd place: Dublin, Ireland

7% yield for apartments.
Time required to recover the purchase price: 14 years and 3 months.

Pluses:
Moderate transaction costs
Strong market to rent for migrants
Strong and stable economy

Minuses:
Lower rents in recent years
Strong laws favorable to tenants

4. 4th place: Budapest, Hungary

6.42% yield for a property with an average area of 120 sqm.
Time required to recover the purchase price: 15 years and 7 months.

Pluses:
Proprietary laws
Higher yields in Budapest
Moderate and low transaction costs

Minuses:
Minor property restrictions
Moderate / high taxes on rental income

5. 5th Place: Bucharest, Romania

6.07% yield for a property with an average area of 120 sqm.
Time to recover the purchase price: 16 years and 6 months.

Pluses:
Moderate transaction costs
The property market favorable to the owners

Minuses:
Expensive properties reported on the country’s GDP

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