Estateguru investors earned 9.5pc in December
Estateguru’s investors earned 9.5 per cent in December, with total returns amounting to €1.1m (£0.94m) for the month.
The European platform originated €9.4m worth of loans during December 2023. This brings the total amount funded via the platform since inception to over €780m.
In a note to investors, Estateguru said that loan origination grew in December month-on-month due to increased demand from core markets such as Estonia and Lithuania.
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“Our core markets have mostly delivered strong results that follow the trend we observed throughout the latter part of 2023 (with the exception of November, which was atypical),” said an Estateguru spokesperson.
“Both Estonia and Latvia have originated an additional €0.6m in loans than when compared with the previous month, while Lithuania has originated €0.9m more.
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“Finland has seen a slight decrease in loan origination. The success in loan origination is due to the publishing of several large high-quality deals in Estonia and Latvia, as well as the successful closing of more loans in Lithuania.”
In November, Estateguru reported an average investor return of 8.99 per cent, with €7.4M worth of loans originated, mostly in Estonia and Lithuania.
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