Are crowdfunded property schemes as safe as houses? – The Times

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“Don’t miss out! Returns of over 10% per year are hard to find”, reads the website of CapitalRise, a scheme offering to pay up to 18% annually for “intelligent property investing”.

It works by raising money for new developments in prime parts of London and the southeast of England, promising handsome returns for investors once the homes are completed and sold.

With the latest project, outside Winchester in Hampshire, the scheme has raised £1.35m to build two three-bedroom homes and 10 four-bedroom ones in conjunction with Alfred Homes, a developer. You can invest a minimum of £1,000 either directly or through an Isa.

Among the gushing testimonials on the company’s website is a quote from aspiring first-time buyer “Annabelle”, who says: “I invested in CapitalRise…

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