Urbanitae Blog | The best real estate investment news

Category: Projects

All the news about Urbanitae’s projects on the Urbanitae blog.

  • Invest in Ibiza with granted building permit

    Invest in Ibiza with granted building permit

    This week we present a new capital appreciation project in Ibiza with a granted building permit. It will open for financing next Thursday, November 30th, at 4:00 PM.

    The Roca Llisa project involves the development of a promotion of 3 luxury villas located in the Roca Llisa urbanization (Ibiza).

    More specifically, the development is located in the Roca Llisa urbanization (Ibiza).

    Roca Llisa will be the fourth project financed by RTV GRUPO INMOBILIARIO through URBANITAE, following the Passeig de la Pau, Residencial Labritja, and Parc Can Fluixà developments located in Santa Eulalia del Río and Sant Joan (Ibiza).

    Granted building permit

    With this project, a capital appreciation strategy will be implemented, involving a partnership with the developer for the development of a promotion located in the Roca Llisa urbanization (Ibiza). Urbanitae investors’ contributions will be delivered to the developer through a capital increase to the vehicle company that will pool all the contributions from Urbanitae investors.

    The manager has entered into an exclusive earnest money contract with the owner of the plot on which the development will take place, which is free of charges. The project also has a granted building permit, allowing construction work to begin once external financing has been formalized.

    In this video, Vicente Ramón Tur, president of RTV Grupo Inmobiliario, Pau Ramón, expansion director of RTV Grupo Inmobiliario, and Diego Bestard, CEO of Urbanitae, explain the key aspects of the project.

    Return in 28-32 months

    The project has an estimated duration of between 28 and 32 months. The capital increase and land acquisition are expected between the fourth quarter of 2023 and the first quarter of 2024. The start of construction work is estimated between the first and second quarters of 2024. The completion of construction, occupancy license, and delivery of homes are expected between the first and second quarters of 2026. Finally, the dissolution of the company and distribution of profits to investors are estimated between the second and third quarters of 2026.

    As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

  • Invest in Marbella with a 20% return

    Invest in Marbella with a 20% return

    This week we are launching an investment opportunity in Marbella, which we will open for funding next Monday, November 27th at 4 p.m.

    The Cazorla – Piemonte project involves the development of two assets. On one hand, Casa Cazorla consists of the development of a luxury villa. On the other hand, the Piemonte project involves the development of a luxury single-family home.

    Both projects are located in Marbella, Málaga. Specifically, Casa Cazorla is situated in the Lomas del Marbella Club urbanization, and Casa Piemonte is located in the Nueva Andalucía Aloha urbanization.

    For this project, we will collaborate with Casas Fintech, a developer with experience in luxury housing development on the Costa del Sol.

    Mortgage guarantee on the properties comprising the project

    This operation will be structured as debt, where Urbanitae investors will grant a fixed-rate loan of 20% to the asset-owning company. This loan will be used to cover the construction costs of both projects and to remove the burden on the Piemonte project. The total amount of the loan is €7,480,000, of which €2,123,000 will be contributed by Urbanitae investors.

    As for the Cazorla project, the land has been acquired free of charges, and the building permit has been requested. In the Piemonte project, the land is owned by the developer, who acquired it with personal funds and a loan granted by Sabadell. The project has been granted a building permit.

    Regarding the loan repayment guarantees, the project has a first-ranking real mortgage guarantee on the assets of the Cazorla and Piemonte projects through a collateral agent.

    20% return in 24 months

    The project has a 20% return over 24 months.

    In the fourth quarter of 2023, the loan for tranche A is expected to be granted. Construction is estimated to commence in the first quarter of 2024.

    In the second quarter of 2024, the grant of tranche B of the total loan provided by Urbanitae investors is expected, along with the continuation of construction.

    During the fourth quarter of 2024, the grant of tranche C of the total loan provided by Urbanitae investors for the completion of construction is anticipated.

    Completion of construction is expected in the second quarter of 2025. Finally, in the fourth quarter of 2025, the notarization of the homes and the repayment of the total loan granted by Urbanitae investors are estimated to take place.

    As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling (+34) 911 23 25 22.

  • New project in Alicante with granted building license!

    New project in Alicante with granted building license!

    We present to you a new capital appreciation project in Alicante with a granted building license. It will open for financing next Tuesday, November 21st, at 4:00 PM.

    The Allonbay Aura project involves the development of a residential promotion of new construction, located on the beachfront, comprising 25 homes with a parking space and storage room.

    More specifically, the promotion is located in the northern part of Villajoyosa, in a sector called Allonbay, between the city center and Benidorm (Alicante).

    For this project, we will collaborate with Quadratia, a real estate developer with over 40 years of experience in the real estate promotion sector.

    56% of the promotion reserved

    With this project, a capital appreciation strategy will be implemented. The contribution from Urbanitae investors will be €3,525,000, which will be delivered to the developer through a capital increase in the vehicle company that will gather all the contributions from Urbanitae investors. This company will later increase €3,520,000 in capital in the project’s development company. The remaining €5,000 in the financing campaign will be kept in the vehicle company to cover the operating expenses of the company.

    The developer has an exclusive option to purchase the land on which the promotion will be developed. In addition, the building license has already been granted.

    Furthermore, the project has cash reserves in 14 of the 25 homes that make up the promotion (56%).

    In this video, Sandra Bertomeu, director of sales for the international area at Quadratia, and Diego Bestard, CEO of Urbanitae, explain the key points of the project.

    Return on investment in 22-26 months

    The project has an estimated duration of between 22 and 26 months. In the fourth quarter of 2023, the capital increase and land acquisition are expected. The start of construction work is estimated between the first and second quarters of 2024. Completion of construction, issuance of the first occupancy license, and home delivery are expected between the third and fourth quarters of 2025. Finally, between the fourth quarter of 2025 and the first quarter of 2026, the dissolution of the company and distribution of profits to investors are estimated.

    As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

  • Invest in new construction promotion in Santander

    Invest in new construction promotion in Santander

    We return to Cantabria to present a new investment opportunity for a new construction promotion in Santander. Funding will open next Friday, November 17th, at 12:00 PM.

    The Tesla project involves the development of a new residential construction promotion comprising 80 multi-family homes with 1, 2, and 3 bedrooms and 1 commercial space in the Peñacastillo neighborhood of Santander. The promotion also includes 80 parking spaces and 36 storage rooms.

    Specifically, the promotion is located in Peñacastillo, Santander, on Carmen Bravo Villasante Street, 2. Peñacastillo is one of Santander’s new urban development areas. This residential area has undergone significant transformation in recent years to provide public services, urban transportation, sports centers, parks, playgrounds, as well as access roads from two highways and a variety of shops and entertainment venues.

    For this project, we are once again partnering with Grupo Tecniobras, a real estate developer with whom we have previously financed another project, the Chelsea project, currently in its final stages awaiting the completion of home deeds and investment settlement.

    31% of reservations formalized

    With this project, a capital gains strategy will be implemented. The contribution from Urbanitae investors will be €2,045,000, which will be delivered to the developer through a capital increase in the vehicle company that will gather all the contributions from Urbanitae investors. This company will subsequently increase €2,040,000 in capital in the project’s promoting society. The remaining €5,000 in the fundraising campaign will be retained in the vehicle company to cover the operating expenses.

    The promoter has an exclusive earnest money contract signed with the current owner of the land on which the promotion will be developed, which is free of charges. The building permit has already been requested, and its concession is expected to take place imminently, before the end of the year. After that, it is anticipated that construction work will commence in the first or second quarter of 2024, once the sales percentage requested by the banking entities is reached, and the promoter loan is signed.

    Furthermore, marketing has already started, with cash reservations in 25 of the 80 homes that make up the promotion (31%). Additionally, the commercial space of the promotion has been leased.

    In this video, Regina Gómez from the commercial department of  Grupo Tecniobras and Diego Bestard, CEO of Urbanitae, explain the key aspects of the project.

    Profitability in 28-32 months

    The project has an estimated duration of between 28 and 32 months. In the fourth quarter of 2023, the capital increase and land acquisition are expected. Between the first and second quarters of 2024, the commencement of construction work is estimated. Between the fourth quarter of 2025 and the first quarter of 2026, the completion of construction, the issuance of the occupancy permit, and the delivery of homes are expected. Finally, between the first and second quarters of 2026, the liquidation of the company and the distribution of profits to investors are estimated. As always, feel free to reach out with any questions about the project at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

  • Invest in storage units with a 12.5% return

    Invest in storage units with a 12.5% return

    We present a new storage project in Madrid in collaboration with Grupanxon, offering a 12.5% return. We will launch this investment opportunity next Wednesday, November 15th, at 4 p.m.

    The La Chopera project falls under the category of debt. Specifically, it involves granting a loan for the development of a promotion comprising 51 storage units in Madrid. The project is named after the La Chopera neighborhood, located at 31 Fernando Poo Street, in the basement of an existing building.

    The development is situated just minutes away from the Delicias Renfe Station and 700 meters from the Legazpi metro station. It is a well-established neighborhood with all kinds of services.

    The promoter of this project is a company affiliated with Grupanxon, which has already financed 12 projects with us, totaling over 8 million euros. Grupanxon has over 20 years of experience and specializes in storage units, parking spaces, and residences. In Urbanitae, they have successfully completed seven projects, surpassing investor expectations with an average return of 12.97%.

    12.5% return in 15 months

    As mentioned, this is a debt project structured as a fixed-rate loan amounting to 475,000 euros with an annual fixed rate of 10%. To facilitate maximum participation, we have set a single ticket of 500 euros per investor.

    This loan will be used for the acquisition of a space and its subsequent transformation into 51 storage units. The promoter has signed a down payment contract with the current owner of the asset for its acquisition. All expenses associated with the project will be covered by the promoter’s own resources, with the process having started a few weeks ago and 19 out of the 51 storage units already pre-reserved.

    Given the nature of the operation, the construction license is processed through a Responsible Declaration; therefore, it is not necessary to process a file with the Municipal Administration. After the project is completed, inspection of the work by the Administration will be required.

    The construction is expected to last between 8 and 10 months, and the entire project a maximum of 15 months, including the process of final unit deed transfer. Therefore, Urbanitae investors will recover their investment in the second quarter of 2024. Grupanxon has already conducted a technical study on the space and consulted the community owner’s regulations to verify the feasibility of the operation.

    If you have any questions, you can contact us at contacto@urbanitae.com and by phone at (+34) 911 23 25 22. Dare to invest!

  • Urbanitae’s success in Tarragona with Construverty

    Urbanitae’s success in Tarragona with Construverty

    We continue adding new projects to our list of success stories. This time it’s about Cunit, a residential asset that has been a success and is located in Tarragona, close to the beach (Cunit and Les Gavines) and the sports center Club Sports Tennis & Padel Cunit and the Les Salines industrial estate.

    The operation was launched in December 2021 and involved the development of a promotion of five attached single-family homes with 2 and 3 bedrooms, with average areas of 123 m2 and an average price of 246,000 euros.

    Leading the project is Construverty, a company founded in 2012 with extensive experience in Tarragona and Barcelona, making its debut as a promoter for Urbanitae.

    The collaboration between the promoter and Urbanitae investors took the form of a fixed-rate loan to finance the construction of the five homes. Our investors contributed 600,000 euros. The remaining capital needed came from equity and amounts paid by homebuyers. At that time, four out of the five available units were reserved, providing sufficient repayment capacity to meet the amount owed.

    The funding brought together 514 investors who participated through our prefunding system, with a maximum ticket of 6,000 euros per investor. This allowed us to expand the possibilities of joining this project, which was expected to have high demand.

    Improved IRR and 15.1% final return

    Once the project was closed, and capital and interest were returned to our investors, we can confirm that the operation’s results exceeded the initial expectations.

    On one hand, the estimated execution period was 15 months, but the work was ultimately completed in 13 months. Also, the return for Urbanitae investors increased from the estimated 15% to 15.1%. This success translated into a two-point improvement in the expected IRR, starting from 12% and reaching 14%.

    Keys to success

    In addition to the initial level of presales, the project had other factors that made it attractive for investment.

    • From 2013 until the operation, Construverty had promoted 31 single-family homes in the same municipality.
    • The promoter owned the five plots on which the promotion was developed, which were free of charges.
    • The project offered a very attractive initial annual return of 12%, representing a 15% return on invested capital.
    • The operation had a mortgage guarantee on the plots that make up the promotion.
    • The financing was structured via a loan, and it was not necessary to wait for the sale of all homes to receive returns.
    • The promoter had funds as the work was certified, but committed to accruing 100% of the agreed interest from the moment of granting.

    Construverty’s confidence in crowdfunding

    Construverty is a promoter with a decade of experience and more than 220 delivered homes. 40% belong to their own promotions, and 60% are homes requested by self-promoting clients.

    Cunit is the first project financed by this promoter through our platform. After the positive reception of this promotion, Construverty once again trusted in Urbanitae and collaborative investment with two more operations: Cunit II and Cunit III.

    Once again, the potential of crowdfunding and the significant role that small investors can play in the real estate market is demonstrated. If you also want to be part of this market and benefit from the profitability that projects like this offer, don’t wait any longer to join our community of investors. Register for free on our platform and stay tuned for our upcoming investment opportunities.

  • Son Vida, loan with an 11% return

    Son Vida, loan with an 11% return

    This week, we are returning to Mallorca to present a new investment opportunity, which consists of a 12-month loan with an 11% return. This opportunity will open for financing on Tuesday, October 31st at 4 PM.

    The Son Vida project is located in Son Vida, a luxury residential area just a 10-minute drive from the city center of Palma. This residential area boasts over 350 mansions with all kinds of amenities.

    For this project, we are partnering with a new developer, Panossian C&T, specialized in developing luxury properties in Spain.

    Quarterly interest payment

    This operation will be structured as a debt, where Urbanitae investors will grant a fixed-rate 12-month loan at 11% to the asset-owning company. This loan will be used to repay the principal of two second and third-ranking loans provided by two alternative funds, as well as to finance the final finishing touches of the villa.

    The project has obtained the First Occupancy License, and the construction is nearly completed, pending the final finishing touches.

    The exit for Urbanitae investors will occur through the sale of the property. The loan term is 12 months, with an option to extend for 6 months. Additionally, interest payments will be made quarterly (corresponding to natural quarters).

    In this video, Varant Panossian, CEO of Panossian C&T, and Diego Bestard, CEO of Urbanitae, explain the project’s key points.

    11% return in 12 months

    The project offers an 11% return over 12 months. In the fourth quarter of 2023, Urbanitae investors are expected to grant the loan to the manager and refinance the second and third-ranking debts.

    During the first quarter of 2024, the final finishing touches of the property are anticipated to be completed.

    Finally, in the fourth quarter of 2024, the villa is expected to be sold, and the loan granted by Urbanitae investors will be repaid.

    As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling 911 23 25 22.

  • Invest in Madrid with a 13% return

    Invest in Madrid with a 13% return

    This week, we are launching a new debt project in Madrid, which we will open for financing on Friday, October 27th at 12:00 PM.

    The Islas Medas project is a residential project consisting of 46 multifamily homes located in Ensanche de Vallecas, a new neighborhood in Madrid with a current population of 54,000 residents. It is well-connected to other districts in Madrid and offers a wide range of social, medical, and commercial amenities.

    For this project, we are partnering with Gestilar, a company with extensive experience, with whom we have previously financed two other projects in Madrid and Cordoba.

    57% of the construction completed and nearly 20% of the homes reserved

    This transaction will be structured as a debt investment, where Urbanitae investors will provide a fixed-rate loan at 13% to the owning entity of the asset. This loan will be used to finance the remaining work on the project, which is currently at 57% completion, and cover the remaining expenses associated with the project’s development and the subsequent delivery of the homes.

    Gestilar retains the option to extend the loan after 6 months from month 12, contingent on demonstrating a 95% completion rate and 60% of the homes being sold. An additional 6-month extension can be considered starting from month 18, provided that the manager can show they have obtained the Building License (LPO) and the project is sold to 85%.

    Urbanitae investors will exit their investment through the sale of the homes, of which nearly 20% are already reserved.

    In this video, Raúl Guerrero, CEO of the Gestilar Group, and Diego Bestard, CEO of Urbanitae, explain the key aspects of the project.

    13% return in 12 months

    The project offers a 13% return in 12 months. In the fourth quarter of 2023, we anticipate the loan approval from Urbanitae investors to the manager.

    Between the first and third quarters of 2024, the completion of construction and the marketing of the homes is estimated.

    Finally, in the fourth quarter of 2024, we expect the repayment of the loan provided by Urbanitae investors.

    As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling 911 23 25 22.

  • Invest in residential with a 22% return in Zaragoza

    Invest in residential with a 22% return in Zaragoza

    This week, we return to Zaragoza to offer you a new opportunity to invest in residential development. We will open it for financing on Friday, October 20th at 12 p.m.

    Residencial Arquerías project involves the development of a new residential promotion comprising 89 3-bedroom affordable housing (VPO) units in Arcosur, a residential neighborhood located on the outskirts of Zaragoza. It is an expanding area that offers all necessary services and is just a short 10-minute drive from the city center and Zaragoza Airport.

    For this project, we are partnering with a new developer, COANFI, which has 20 years of experience.

    71% of the total promotion sold

    Residencial Arquerías project is divided into two phases, encompassing a total of 174 housing units. Urbanitae investors’ participation is limited to Phase I of the project, so the completion of the project is not dependent on the development of Phase II.

    This project will be structured through debt, with Urbanitae investors providing a fixed-rate loan to the project developer. This financing will be used to recapitalize a portion of the funds contributed by the project manager. The construction costs will be financed through a mortgage loan from a top-tier bank. It’s also important to note that the sale of all housing units is not required for loan repayment.

    Coanfi already owns the land on which the project will be developed, and it also has obtained construction permits and a promoter loan agreement with a top-tier bank.

    Construction of the development began in April of this year, which shortens the project timeline. It’s worth mentioning that the loan provided by Urbanitae investors will be convertible. In the event of non-payment by the developer, Urbanitae investors will become shareholders of the development company.

    In this video, Francisco José Díaz, COANFI’s Promotion Director, and Diego Bestard, CEO of Urbanitae, explain the key aspects of the project.

    22% return in 24 months

    The project offers a 22% return over a 24-month period. Additionally, full early repayment will be allowed starting from month 18, with monthly repayment windows until month 24 (or month 27 in case of an extension).

    The project is estimated to have a duration of 24 months. In the fourth quarter of 2023, the disbursement of the loan from Urbanitae investors is expected. Between the fourth quarter of 2023 and the second quarter of 2025, construction work is expected to continue. Completion of construction, along with the issuance of the first occupancy permit and the delivery of housing units, is estimated to occur between the second and third quarters of 2025. Finally, the loan repayment is expected in the fourth quarter of 2025.

    As always, you can reach out to us with any questions about the project at contacto@urbanitae.com or by calling 911 23 25 22.

  • New investment opportunity in Baqueira with a 10.63% return

    New investment opportunity in Baqueira with a 10.63% return

    We present a new investment opportunity in Baqueira that we will open for funding on Tuesday, October 17th, at 4:00 PM.

    The Pleta Arriu II project involves the development of a promotion comprising 6 single-family homes with all kinds of services. This development is located in the center of the Baqueira Beret ski resort (Lleida), an exclusive area in the Aran Valley. The homes have direct access to the ski slopes.

    This is the second phase of Pleta Arriu, which we financed in March 2023, raising €3,280,000. GRUPO AVINTIA, one of the leading Spanish companies in the construction and real estate sector, is in charge of this project.

    5 out of the 6 homes that make up the development have already been sold

    This operation will be structured as debt, where Urbanitae investors will provide a fixed-rate loan at 8.5% annual interest over 15 months for an amount of €1,720,000. This loan will fund the construction of the six homes. The rest of the financing will come from equity and the amounts paid by the homebuyers.

    GRUPO AVINTIA owns the land and has obtained a building permit. In addition, construction began in October 2022 and has reached 40% completion. The manager expects to have the project completed in the third quarter of 2024.

    The project’s marketing has already begun, and the developer has signed 5 sales contracts with buyers who have made 40% deposits, which will provide enough repayment capacity to meet the debt service of Urbanitae investors.

    Regarding the loan repayment guarantees, the debt agreement establishes the signing of a first-ranking real estate mortgage guarantee on the property object of the development through a guarantor.

    10.63% return in 15 months

    In the second quarter of 2023, the granting of tranche A of the total loan from Urbanitae investors to the developer is expected. During the fourth quarter of 2023, the granting of tranche B of the total loan and the continuation of the construction is estimated. In the second quarter of 2024, the granting by private investors of the last tranche for the completion of construction is expected. Construction is anticipated to be completed in the fourth quarter of 2024. Finally, in the first quarter of 2025, the notarization of the homes and the repayment of the total loans granted by both Urbanitae investors and private investors are expected.

    As always, you can contact us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

  • Invest in Ibiza with a 27% return

    Invest in Ibiza with a 27% return

    This week, we are returning to Ibiza to offer you a new investment opportunity that will open for financing on Friday, October 13th at 12:00 PM.

    The Ibiza Sky Villas project involves the development of a promotion comprising 21 residential units with a garage and commercial space in Ibiza. Specifically, the promotion is located in Marina de Botafoch, one of the most exclusive areas on the island, with numerous entertainment options.

    For this project, we have partnered with URBANIA, a developer that is new to our platform but has over 20 years of experience in developing assets in Spain, as well as in other countries such as Brazil and Portugal.

    Mortgage guarantee on the property that makes up the project

    This operation will be structured as debt, where investors on Urbanitae will provide a fixed-rate loan of 13.5% per annum to the company that will develop the project. This loan will be used to finance 43% of the total acquisition cost of the asset. To cover the remaining portion, the developer plans to secure bank financing. Furthermore, they have expressed their interest in financing the project with a loan that will cover 100% of the costs associated with the project’s development.

    URBANIA expects to obtain the building permit within an approximate timeframe of 16 months. During this time, we anticipate marketing the residential units and obtaining the pre-sales necessary before the developer’s mortgage loan enters. Additionally, the project has a mortgage guarantee on the property that makes up the project.

    As for the loan repayment guarantees, a first-ranking mortgage is established on the asset, with a liability of 150% of the total loan amount. A first-ranking pledge is also established on the shares of the vehicle company holding the asset.

    In this video, Diego Bestard, CEO of Urbanitae, explain the key aspects of the project.

    27% return in 24 months

    The project offers a return of 27% over 24 months, with an option for a 6-month extension. The loan interest will be paid along with the principal at maturity.

    In the fourth quarter of 2023, the loan is expected to be granted by Urbanitae investors to the developer, and the asset will be acquired. During the first quarter of 2024, the application for the building permit is estimated. In the first quarter of 2025, the necessary pre-sales are expected to be obtained for the entry of the developer’s loan. Finally, during the third quarter of 2025, the license is expected to be obtained, the developer’s loan granted, and the repayment of the loan from Urbanitae investors.

    As always, you can contact us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.

  • Arenal Live, a loan with a 33% return

    Arenal Live, a loan with a 33% return

    Investing in the coastal real estate sector is one of the most attractive options when it comes to residential investments. Our success story today reaffirms this argument. Furthermore, it highlights that, thanks to real estate crowdfunding, it is not only accessible to every budget but also possible to invest in a loan with a very high return.

    In March 2021, we introduced our community of investors to Arenal Live, a residential development located on the island of Menorca consisting of 32 homes spread across three buildings and a private complex with gardens, a gym, spa, business center, and a cafeteria.

    The project was launched by Azur Estates, experts in luxury housing promotion in the Balearic Islands and the Costa del Sol, with a fundraising target of 1.8 million euros to finance the exercise of the purchase option that the developer had on the land.

    5-point increase in the final return

    Over 500 investors decided to participate in this operation, structured as a fixed-rate loan with an estimated total return of 27% over 18 months. Although this timeline extended by a couple of months, the final result can only be described as very satisfactory: the final return increased to 32.8%, nearly 5 percentage points above the initial projection. The IRR (Internal Rate of Return) also improved, from the starting 17.2% to the final 18.3%.

    Several factors influenced the successful execution of the project. What are they?

    • The project is promoted by a company affiliated with Azur Estates, a company with over 40 years of experience in the local real estate sector.
    • The residential complex is situated in a superb, well-established area in the municipality of Es Mercadal, northeast of Menorca, just 3 minutes from Arenal de Castell Beach.
    • The development had a granted license under the previous urban planning regulations. Such projects cannot be carried out under current regulations, making this building particularly attractive due to its uniqueness in Menorca.
    • The project was 42% completed and was acquired from a financial institution at a price below its appraisal value. The developer had also confirmed its high commercial potential.
    • The project’s developer invested their own capital in it, aligning the interests of all parties involved in the investment.

    Advantages of investing through crowdfunding

    The Balearic Islands are one of the regions with the highest housing prices. In 2022, the average price per square meter was 3,290 euros, second only to Madrid, and well above the national average in Spain, which stood at 2,051 euros per square meter, according to Fotocasa.

    In this context, the return on investment in housing in the Balearic Islands does not offer the best figures compared to other regions. Fotocasa’s analysis concludes that buying a residence for subsequent rental in these islands yielded an average return of 5.2% in 2022. However, the annual return obtained by Urbanitae investors with the Arenal Live project exceeded 18%. All of this was achievable with the possibility of tailoring the investment volume to their capabilities or strategy, starting from 500 euros.