A legal approach to real estate crowdfunding platforms

被引:11
作者
Garcia-Teruel, Rosa M. [1 ]
机构
[1] Rovira & Virgili Univ, UNESCO Housing Chair, Dept Private Procedural & Financial Law, Tarragona, Spain
关键词
Real estate; Crowdfunding; Housing; Platforms; Collaborative economy; SHARING ECONOMY;
D O I
10.1016/j.clsr.2019.02.003
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
In the context of a financial and housing crisis, accompanied by credit constraints, a new alternative has recently emerged for those wanting to invest in real estate markets: real estate crowdfunding. Crowdfunding, which was originally intended to fund social projects through donations or loans from a large pool of individuals via Internet platforms, has developed into a more sophisticated method of financing. This is the case of real estate crowdfunding, a type of equity crowdfunding that aims to make housing investment available to retail investors, although several hazards have been detected that make these investments less secure. This paper addresses these hazards, analyses the information provided by five Spanish crowdfunding platforms to retail investors and determines whether or not real estate crowdfunding platforms in Spain, as a sharing economy mechanism, are making a contribution to the development of the housing market. (C) 2019 Rosa M. Garcia-Teruel. Published by Elsevier Ltd. All rights reserved.
引用
收藏
页码:281 / 294
页数:14
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