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Follow on Google News | Increasing Number Of Millennials Are Becoming Crowdfunding Property InvestorsShojin Property Partners has seen an increase in millennials aged 18-30 investing in property crowdfunding projects since launching their platform last year. Millennials now account for almost 20% of all people who invest in property through Shojin's online crowdfunding platform. The largest group of property crowdfunding investors are aged 30-39 (44%), followed by 40-49-year olds (23%). The remaining investors are all older than 49. Crowdfunding is proving attractive to millennials as they are able to invest in property from a relevantly low amount, without the need for large savings, or deposits. Unlike earlier generations, many young people don't want to be bogged down with a mortgage so early in their lives. Jatin Ondhia, CEO of Shojin Property Partners comments: "With interest rates so low, millennials are losing money, keeping it in a bank due to the relatively high rates of inflation. This, combined with unattainable property prices, is driving an increase in 18-30-year olds investing in property crowdfunding. "This age group will increasingly embrace crowdfunding, as they are early adopters of new and emerging technologies and are keen to try innovative and simple ways of investing. Being able to invest smaller sums of money is also very attractive to millennials, enabling them to dip in and out of property. Together, this age group has large investing amount potential and crowdfunding offers them an opportunity to spread risk. "We have developed a variety of crowdfunding products, allowing investors to make a minimum investment of £5,000. These products provide a hands-free investment, enabling investors to focus on things they enjoy doing, whilst their money is working hard for them. "Our new buy-to-let crowdfunding (https://www.shojin.co.uk/ "Our further two buy-to-let products separate out the income and capital growth elements to accommodate the returns preferences of a variety of investors. Our capital growth equity product offers (https://www.shojin.co.uk/ "Whilst our income only buy-to-let product is secured by a second charge against the property and provides a fixed quarterly income but none of the future capital growth of the property, with target returns of 4%-6% per year." Shojin Property Partners has raised over £24.5m since inception and have attracted thousands of new investors including high-net-worth individuals, family offices and institutions to their crowdfunding platform. Shojin Property Partners was founded by Jatin Ondhia, who spent 12 years at UBS optimising large institutional portfolios and Sandeep Puri, a qualified quantity surveyor who has worked for several large homebuilders including Redrow Homes and Wimpey. For further information, please call Gareth Bain on 0203 871 5959 or visit www.shojin.co.uk. Shojin Property Partners is authorised and regulated by the Financial Conduct Authority (No. 716765). Shojin Property Partners is a trading name of Shojin Financial Services Limited (company number 09697161) and the registered office is at Golden Cross House, 8 Duncannon Street, London, WC2N 4JF. End
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