Buy-to-Let Buy-to-Let
IT

Welcome to the very first opportunity in Florence, Italy, the renaissance capital!


Type of Opportunity: Loan 1              Modality: Buy-to-let


It’s our 7th project in Italy but still the first outside Milan and as well the first tourist rental in Italy. The purpose of this project is to finance the purchase, refurbishment and full decoration, with the Home Staging2 strategy, in order to start offering the apartment to tourists as a holiday rental, with a future sale at the end of it.


Being a buy-to-let Opportunity:

  • You don’t have to wait for the apartment to be leased. You will begin receiving returns from the very beginning thanks to InstantRent.
  • You have the liberty of selling your titles whenever you want through our Marketplace.

Florence is a city that oozes history, art, philosophy and science and to which millions of tourists come every year. This is surely not in vain, since in 1982 Unesco granted to all the cultural and artistic heritage of Florence, the title of World Heritage.


The tourism in Florence records spectacular data. According to the data of the Center Studi Turistici of Florence in 2016:

  • There was 9.3 million people who visited the city of Florence.
  • 14 million overnight stays were exceeded for the first time.
  • The average stay in the city was 2.61 days.
  • Clear tendency to accommodation for tourist use: grew by 8.7% compared to 2015, reaching 409,000 overnight stays.
  • The airport surpassed 7.5 million passengers for the first time, an increase of 3.9% compared to last year.

For this reason, the project developer has decided, given the typology and location, to allocate the apartment as a holiday rental, because the location is perfect for it and our experience is very positive since we have improved the expectations.

The web famous district Santo Spirito-San Frediano is the neighborhood is where the property is located, named by the Lonely Planet Guide as the coolest district worldwide thanks to its breathing new life into the Oltrarno area, known more for its artisans than hipster appeal. Even Ponte Vecchio, one of the main attraction of the city is just a few minutes walking from the Santo Spirito block.


This great position makes it possible to reach the most important attractions at walking distance, also for the most important connections like Santa Maria Novella Train Station.


The decoration of the apartment will be done with a professional Home Stager that will totally transform the image of the rooms. This strategy will increase the value of the apartment for the rent and for the final sale too. The apartment has double exposition (front/rear) and has a private heating system which makes it very easy to rent.


Located at the ground floor of a 15th Century building, the 50m2  apartment will be reformed leaving as a result the following distribution:

  • A bedroom
  • Spacious living room with kitchen
  • A Separate bathroom.

The project developer will be responsible for carrying out all the tasks and necessary steps to carry out the purchase, reform and decoration and carry out the marketing strategy (rent by days and subsequent sale in this case) or by itself; well through third parties. In addition to doing follow-ups during the lifetime of the project and being in charge of carrying out the necessary tasks for the day-to-day management of the property including the necessary tasks for the holiday operations, that is, maintenance, cleaning, check in, check out, procedures legal, and everything necessary to make the operation profitable.


Why invest in Palazzo Pitti? 

  • Estimated annual net yield3. of 5,07% derived from the rent.
  • InstantRent: you receive income the moment you invest.
  • Liquidity: buy and sell whenever you want in the Marketplace.
  • The holiday rental housing allows variable and higher income
  • Accumulated net yield in 60 months of 28,93%.
  • The position of the property is strategic as the neighborhood has been named by Lonely Planet as one of the coolest districts in the world.

In the following image you can see the yield-risk relationship for this type of opportunity, buy-to-let:

PalacioPitti                                   Diversify your portfolio with the first opportunity in Florence!




Risks and warnings: HOUSERS is not a credit institution or an investment services company. Investment in projects published by HOUSERS is not covered by any investment fund. This project has not been supervised by the CNMV, the Bank of Spain or any other regulator, Spanish or foreign. The information provided by the promoter has not been reviewed by the CNMV nor is it a prospectus approved by the CNMV. HOUSERS does not provide financial advice, so nothing on this website should be interpreted as such. The investment in this project involves the following risks: risk of total or partial loss of the invested capital, risk of not obtaining the expected cash yield and risk of illiquidity to recover the investment as well as the risk that the tenant does not pay the monthly rent or be late in payment; subordinate character of the loan, in particular in front of the mortgagee, in those cases in which the acquisition of the property object of the project is financed additionally by means of loans with mortgage guarantee. The expressed profitability is based on mere estimates of the future evolution of the amount of the rents and the prices of the properties, which may or may not occur. The promoter accumulates six projects on the platform, which entails an additional risk of concentration. The promoter has limited own resources so that his responsibility in the project is limited to 3,000. The maximum term to invest in this opportunity may be lengthened by an additional 25% to the term initially foreseen, in accordance with the Law for the Promotion of Business Financing. Likewise, HOUSERS may close the financing of this opportunity / project closed when it has been financed by 90%. You have enlarged this information here.


1 Intermediary financing instrument between the capital (equity participation) and the long-term loan. Participative loans are loans (that is, the promoter is obliged to return the financing received) whose characteristic is that the interest received by the person who lends the money depends on the benefits obtained by the person who receives the loan.


2Marketing strategy based on techniques that enhance the home and give it a more attractive look for potential buyers. Take a look at one of our flats sold under this modality here.


3The estimated annual net return from rental has been provided by an Appraiser registered by the Bank of Spain, may be higher or lower than the one published and may not be constant over time.


The calculation methodology for obtaining the annual net profitability estimated by the rent, the revaluation of the area and the estimated accumulated net profitability are based on the appraisal report, by a registered appraiser and approved by the Bank of Spain.

50 m2
1 Bedrooms
1 Bathrooms

Image gallery

Location

Floorplan

In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
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Florence
1 apartment
status:
Project Funded
618 Investors
289,000.00 €
Term: 120 months
Average IRR Buy-to-Let: 9,93%
Shares for sale
53,901
exchanged
116,614
I want to invest
Number of shares:
0
Purchase price:
0.00 €

Timeline

Funding started

December 5, 2017

Funding completed

January 4, 2018

Property acquired

February 16, 2018

Renovation completed

September 28, 2018

Relevant event

May 10, 2019