Over 11 Million Euro Flowed to Estateguru Investor Accounts in November

Estateguru, which arranges financing secured by real estate, received repayments exceeding 11 million euros to investors in November, with a significant portion—more than 4.2 million euros—coming from successfully recovered previously overdue loans from earlier periods. Platform investors earned 1.01 million euros in interest income in November.

"Our active portfolio over the past two years is performing successfully, and thus far in 2023, more than 75% of the loans issued have already been repaid to investors with interest," commented Estateguru's head Mihkel Stamm on November's results, adding that November was also successful in terms of resolving overdue projects. "During the month, we managed to return more than 4.2 million euros to investors," Stamm confirmed.

In November, investors financed new real estate projects with a total of 7.2 million euros, with the largest portion comprised of Estonia with 3.1 million, Lithuania with 2.2 million, and Latvia with 1.5 million euros. "After a long time, optimistic notes can be felt in the real estate market. Precisely in the final quarter of the year, interest among real estate developers in all three Baltic states in the financing solutions we offer has clearly increased, which is also confirmed by the rapid growth in applications in October and November," Stamm described the prevailing market trends.

In November, Estateguru also marked an important milestone—over the course of ten years, real estate-backed projects worth more than 850 million euros have now been financed through the platform, and investors' total earnings amount to 86 million euros. From problematic loans, 51.3 million euros have been successfully recovered, with the average return on these loans having been 7.6%.