Crowdbase launches Cyprus’ first real estate crowdfunding campaign

07:00 - 05 October 2023

Real Estate

Crowdbase, a Cyprus Investment Firm licensed by the Cyprus Securities and Exchange Commission, reached a major milestone this week with the launch of Cyprus' very first real estate crowdfunding campaign.

“Cyprus' real estate landscape is buzzing, with news of increasing values emerging every other day,” the company said. “Historically, entering the real estate market meant a commitment of upwards of €100,000. However, the game has changed. Thanks to crowdfunding, now you own a piece of real estate with as little as €500.”
Crowdbase has launched The Courtyard - a visionary residential development at the gateway of Nicosia. Featuring six state-of-the-art apartment buildings housing 66 units, the project is led by industry veterans George Mouskides and Jad Wakil. (To find out more, click here)

Even though crowdfunding is not a new concept, it took more than 20 years for it to become a reality in Cyprus, around two years ago; and this was thanks – in part – to Crowdbase; an innovative platform that provides an alternative form of financing to entrepreneurial startups, innovate SMEs and socially impactful projects.

Crowdbase was behind Cyprus’ first ever equity crowdfunding campaign easyBoat; a startup founded by Greek entrepreneurs Alexandros Nastos and Simos Lalgkos, with Sir Stelios Haji-Ioannou as the lead investor.

The easyBoat campaign is still viewed by many as a historic moment for the Cypriot entrepreneurial ecosystem. Back in the May issue of GOLD magazine, Crowdbase’s Managing Director Frixos Larkos said Crowdbase raised almost €470,000, well over the initial €250,000 target, from 141 investors (view the article here)

Crowdbase launches Cyprus’ first real estate crowdfunding campaign

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