InRento bullish on Polish P2P market
Lithuanian crowdfunding platform InRento is bullish on the potential of Poland’s crowdfunding and peer-to-peer lending sector, just a few months after expanding in to the country.
Gustas Germanavičius, founder and chief executive of InRento, said that the Polish property market has similar average rental yields as Lithuania, at five to seven percent, while demand for rental housing has been growing steadily for years.
However, Poland is much larger than Lithuania and with a huge population, which represents a major opportunity for alternative property lenders and investors.
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“We all know that Poland is bigger, but we rarely think about how much bigger it is,” said Germanavičius.
“As an example, Bialystok, the 10th most populous city in the country, is practically the same size as Kaunas (the second largest Lithuanian city), while Warsaw has a population of 1.8 million people, which is more than half the population of Lithuania.
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“Therefore, when we talk about the dynamics of the Polish market, economy and real estate development, we naturally see much greater opportunities for investment in buy-to-let projects.”
Last month, InRento told investors that it will add more investment opportunities from Poland and Spain by the end of the year, following a “solid” third quarter performance.
Germanavičius said that the platform’s first Polish project was financed very quickly, within just a few days of its launch.
“[This] shows that not only foreigners but also Lithuanians are interested in investing in the Polish real estate market,” he added.
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