Shojin Property Partners’ Latest Research Reveals: Increasing Numbers of Millennials Are Investing in Property Crowdfunding

Young property crowdfunding platform, Shojin Property Partners, announced on Tuesday that its latest research revealed an increasing number of millennials are turning to property crowdfunding, as they struggle to get on the property ladder. According to the funding portal, 23% of its investor network are under the age of 32 years old, with the youngest investor being just 18 years old. It was reported:

“Over the last 12 months, the average crowdfunding investment made by millennials was £21,721, this is 32% higher than those aged 33-47 (£16,084). The largest investor contingent was those younger than 47 years old and this group accounted for around 40% of the investor database, with an average investment value of £38,000.”

Speaking about the latest research, Jatin Ondhia, CEO of Shojin Property Partners, stated:

“The majority of millennials do not have a large enough deposit to purchase a property and the banks are giving them very low returns on any savings they have. Many millennials are facing years of saving and renting before they can even think about purchasing a property. It’s no surprise then that property crowdfunding has become very attractive to this age group, giving them the opportunity to get a foot on the property ladder, with an investment starting from just £5,000. Millennials are early adopters of technology, so they are happy to use their smartphones to invest small amounts of money across a range of investments.”

Ondhia also shared the Shojin Property Partners team has developed a variety of crowdfunding projects so millennials can build an investment portfolio that suits their needs. He then added:

“We offer investors a portfolio of investment products which allow them to make a minimum investment, without the tax and legislative burdens.  They can spread their money and their risk across the property spectrum from low to high risk investments.”

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