Performance report: May - August 2022

Date
07.09.2022
Read time

6 min

Author

Editorial Invest in Slovakia

Summer and holidays bring a drop in productivity for most companies. However, our platform grew during this time as well. We offered Invest Club members an even richer campaign offer. Investment volume with Invest in Slovakia exceeded the threshold in August 2022 EUR 7 million.

Source: investinslovakia.eu, 2022

In the months May-August, the following were closed 1 333 investments in 18 investment campaigns. The highest number (423) was in August. The average investment amount for this quarter reached EUR 1 183,19. Investors continue to be dominated by men (79.1 %), but more women are being added each month (20.9 %).

The age distribution of our investors ranges from 18 to 81 years. The most active are investors from 40+. They invest regularly, in higher amounts and diversify their property portfolio. Up 95,1 % new users use Veriff to verify their identity (i.e. they prefer automatic verification to manual).

By permanent residence continue to dominate Bratislava residents, followed by Košice, Prešov and Poprad.

Repayment of the principal of projects

In the past four months, the platform has paid out the principal of two campaigns.

  • As of 1.6.2022 the principal, last proceeds and BONUS from the project have been paid Park Lesná I. Developer EUROPEAN INVESTMENT OPPORTUNITIES, a.s. paid the principal amount of EUR 171 600 and BONUSES in the amount of EUR 5 094.
  • As of 1.7.2022 the principal and BONUS from the project have been paid Reconstruction of the apartment house I. from 2020 in the amount of EUR 231 412 and BONUSES in the amount of EUR 4 595,48.

Both projects continue. The developer in the Park Lesná I. project is buying additional building plots with a vision of preparing utility networks. Project Sokolka Premium vo Zvolene je v realizácii a predaných je 30 % bytov. Priebežné informácie o ďalšom vývoji projektov v časti tejto výkonnostnej správy "Aktuálny stav projektov".

We create for you

The MONEY TALKS podcast is currently undergoing several changes - new episodes will be released in our new studio in Bratislava. Videos from all parts can be found at YouTube channels and their audio recordings on all podcast apps (Podmaz, Podbean, Google Podcast, Amazon Music or Spotify).

We continue to publish a regular Newsletter for you "Investor's morning coffee", where on the last working day of the month you will find a summary of the most important information for Invest Club members. It is delivered to the email inbox of every member who requests it is interested.

In addition, we publish a new column every Friday FinTech Media Choice - a selection of the most interesting articles from other media over the past week in the areas of finance, economics, investing and the real estate market. To save readers' time, we include a summary for each. In 3 minutes you will find out what's new in Slovakia and the world.

With the new CMO Tomáš Barčík we are working intensively on popularizing of our blog. You will find a number of new articles that inform you on the topics of housing, real estate market and more. For better clarity we have sorted them into new categories.

Despite the usually slower flight the number of Invest Club members has exceeded 6 000! As of 31.8. 2022 we record 6 242 Invest Club members.

New functionalities and license

We are preparing a new version of our application. We plan to launch it at the end of this year, with the MARKETPLACEwhich allows investors to sell their investment stakes in a project to other investors and the other party to buy them.


The second advantage of the new system will be the possibility of automatic investment in approximately 2Q/2023 - AUTOINVESTwhich allows the app to invest in projects for you, based on predefined conditions such as the amount of investment, minimum or maximum project return and more.

We continue our cooperation with NBS on obtaining a licence and their official oversight of our activities. We estimate the licensing date for our crowdfunding platform to be February 2023.

The granting of authorizations to carry out the activities of a provider shall be carried out by the regulatory and supervisory authority, which shall be National Bank of Slovakia in cooperation with the European Supervisory Authority. We will keep you informed of further developments.

Successfully funded projects

In the past four months, we have published 18 campaigns from 9 projects (Villas Krškany, Sokolka Premium, M. Kukučína Residence, Kukučín's Court, Ružová Apartment House, Viladomy Hviezdoslav, Eco Hydro Villa, J. Wolker Residence a Building land). The investors have together financed an amount of EUR 1 480 485,63

Source: investinslovakia.eu, 2022

Statistics of the project "Villas Krškany, Nitra"

  • Number of campaigns: 2.
  • Invested together: 186 894,67 EUROS.
  • It involved 162 investors.
  • I. Campaign: period 18 months, decree 11.77 % p.a., disbursement quarterly (pro-rata).
  • Campaign II: period 18 months, decree 11.77 % p.a., disbursement quarterly (pro-rata).

Statistics of the project "Sokolka Premium, Zvolen"

  • Number of campaigns: 3.
  • Invested together: 365 517,79 EUROS.
  • It involved 245 investors.
  • I. Campaign: period 12 months, decree 10,71 % p.a., disbursement at the end investment period.
  • Campaign II: period 9 months, decree 12.55 % p.a., disbursement at the end of the investment period.
  • Campaign III (refinancing): period 12 months, decree 12.05 % p.a., disbursement at the end investment period.

Statistics of the project "Residence of M. Kukučína, Zvolen"

  • Number of campaigns: 2.
  • Invested together: EUR 127 409,58.
  • It involved 136 investors.
  • Campaign I: period 12 months, decree 11.1 % p.a., disbursement at the end investment period.
  • Campaign II: period 10 months, decree 12 % p.a., disbursement at the end investment period.

Statistics of the project "Kukučinov dvor, Zvolen"

  • Number of campaigns: 2.
  • Invested together: EUR 97 807,54.
  • It involved 132 investors.
  • I. Campaign: period 24 months, decree 11,51 % p.a., disbursement quarterly (pro-rata).
  • Campaign II: period 24 months, decree 11,51 % p.a., disbursement quarterly (pro-rata).

Statistics of the project "Residential house Ružová, Prešov"

  • Number of campaigns: 3.
  • Invested together: EUR 251 108,72.
  • It involved 183 investors.
  • I. Campaign: period 6 months, decree 13,26 % p.a., disbursement at the end investment period.
  • Campaign II: period 6 months, decree 13,26 % p.a., disbursement at the end investment period.
  • Campaign III: period 9 months, decree 12,68 % p.a., disbursement at the end investment period.

Statistics of the project "Viladomy Hviezdoslav, Stupava"

  • Number of campaigns: 2.
  • Invested together: EUR 151 483,05.
  • It involved 102 investors.
  • I. Campaign: period 12 months, decree 10.9 % p.a., disbursement at the end investment period.
  • Campaign II: period 12 months, decree 10.9 % p.a., disbursement at the end investment period.

Statistics of the project "Eco Hydro Vila, Sp. Teplica"

  • Number of campaigns: 1.
  • Invested together: 164 017,34 EUROS.
  • It involved 102 investors.
  • I.Campaign: period 12 months, decree 12,07 % p.a., disbursement at the end investment period.

Statistics of the project "Building land, N. Lesná"

  • Number of campaigns: 2.
  • Invested together: EUR 79 094,86.
  • It involved 95 investors.
  • I.Campaign: period 18 months, decree 12,82 % p.a., disbursement at the end investment period.
  • II.campaign: period 18 months, decree 12,82 % p.a., disbursement at the end investment period.

Statistics of the project "J. Wolker Residence, Poprad"

  • Number of campaigns: 1.
  • Invested together: EUR 57 152,08.
  • The project involved 40 investors.
  • I. Campaign: period 18 months, decree 12,82 % p.a., disbursement at the end of the investment period.

Current status of projects

Park Lesná***, High Tatras - in the phase of project preparation for the building permit for the construction of utilities. The building permit is expected in 1Q/2023.

Jiří Wolker Residence, Poprad - 3.1. 2022 The Project Owner has obtained a final zoning permit. Currently preparing documents for building permit. Building permit is expected 1Q/2023.

Green project Prešov, Na Rúrkach - The project owner has started construction work. Co-occupation scheduled for 2Q-3Q/2023.

ECO-HYDRO, Spišská Teplica - The project owner started construction work at the end of March. Completion scheduled for 4Q/2022 - 1Q/2023.

Sokolka, Zvolen - in March, construction work began. The project is in presale. The first apartment was sold in April 2022.

Three Hills Home***, Veľká Lomnica - in the change phase of the study. In the process of approving a building permit. Building permit expected 4Q/2022.

Small Villas Project - at the planning and building permit stage. Building permit is expected 4Q/2022 - 1Q/2023.

M. Kukučína Residence, Zvolen - The project owner is proceeding with the renovation work. Co-occupancy scheduled for 4Q/2022.

BD Ružová, Prešov - The project owner is proceeding with the renovation work. The presale Project. Co-occupancy planned for 4Q/2022.

Schvabi Residenz, Prešov - The project owner anticipates completion of the design documents by 2Q/2022. Subsequently, an application will be submitted for a zoning permit. The developer anticipates a building permit in 4Q/2022 - 1Q/2023.

Viladomy Hviezdoslav, Stupava - The project owner financed the purchase of the project and is currently preparing the design documents for the building permit. A building permit is expected in 4Q/2022.

Kukucin's yard, Zvolen - The project owner has purchased a dilapidated property that he plans to demolish and has signed a Future Purchase Agreement for the adjacent property with the Railroad. It is scheduled to be purchased in 3Q/2022.

Villas KrškanyThe project owner purchased the property. In the phase of preparation of project documentation. Co-occupancy planned for 3Q/2023.

Building land - in the phase of project preparation for the building permit for the construction of utility networks. The building permit is expected in 1Q/2023.

Congratulations on making the right decision to invest with us and we wish you many more successful projects.

We would love to hear about your experience with our platform. You can contact us by phone on 0910 548 844, on our livechat or at any time by email at [email protected].

About the author
Editorial Invest in Slovakia
The Invest in Slovakia crowdfunding platform facilitates investments in Slovak real estate projects to investors from all over Europe. It focuses on innovative solutions with benefits for the surrounding area. The long-term effort of the team of specialists is the development of financial literacy. It provides clients with access to thoroughly vetted assets with different appreciation strategies.

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NBS. On the basis of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (the "Regulation on European crowdfunding service providers for business"), crowdfunding will become a legally regulated activity. From the nature of the Regulation in question, it is expected that the authority authorising and supervising the activities of crowdfunding service providers within the Slovak Republic will be the Ministry of Finance of the Slovak Republic or the National Bank of Slovakia. As a provider of crowdfunding services, we welcome this effort of the European Parliament and we are ready to actively participate in the implementation of the Regulation in order to clarify and set uniform rules for crowdfunding within Slovakia as well as throughout the European Union.
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