<script type="text/javascript">
<!--
document.write('<div id="oa_widget"></div>');
document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=undefined&type=result"></script>');
-->
</script>

COPY SCRIPT

For further information contact us at helpdesk@openaire.eu

Sustainability and Real Estate Crowdfunding: Success Factors

descriptionPublicationkeyboard_double_arrow_right Article , Journal , Other literature type 24 Jun 2020 Spain Publisher:MDPI AGJournal:Sustainability, volume 12, page 5,136 (eissn: 2071-1050,

Authors: Cinta Borrero-Domínguez; Encarnación Cordón-Lagares; Rocío Hernández-Garrido;

doi: 10.3390/su12125136

Sustainability and Real Estate Crowdfunding: Success Factors

- Summary
- Subjects
- Metrics

Abstract

The objective of this paper is to analyze the factors influencing the success of real estate crowdfunding projects in Spain. This type of crowdfunding invests in real estate assets. We analyzed 60 projects published on the Housers platform, a kind of participative platform that uses the lending and equity crowdfunding modalities. These projects have involved around 36,623 investment decisions and have raised a total amount of almost 26 million euros. The empirical analysis is based on ordinary least squares and negative binomial regression. Our main findings reveal that success differs depending on the type of project; in fact, buy-to-sell projects are less successful than development loan projects. In addition, while total return has a positive impact on project success, in the case of risk level and project term, the impact is negative.

Country

Spain

Related Organizations

Keywords

real estate crowdfunding, sustainable development, Environmental effects of industries and plants, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, investment crowdfunding, Sustainable development, GE1-350, Investment crowdfunding, Real estate crowdfunding

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	13
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%