"Once upon a time declaring 100%…"

Once upon a time declaring 100% repayment, even when they had loans long over due. Poor clarity and advised cannot speak about failing projects. This month declared over £8k losses for me and have a further. Feedback requested but form disappears when declaring negative 61k over 12 overdue 11455>6/12 5k>3/12 and 4K< 3/12 overdue. Appalling lack of individual information on the dire performance. Seem to wrack up money for the company and those chasing loans. So like others wonder who is benefiting. It isn’t the investors. Then when they give you’tax return’ info they don’t build into that the losses so you are faced paying the tax man and then getting hit by losses that would more properly be written off if only crowd were clear and gave an honest statement of return! This year is first one declaring losses 9715.82, but they still have money not returned invested 2018 due return 2021, another 2021 due 2022.... but still they don’t keep us informed about what is happening...there are notices published generally but nothing for the individual
The clarity and ease of navigating their site is also poor. It should be intuitive

"RUN, RUN, RUN!!!!!"

I initially heard about this platform through MoneySavingExpert, and at first, it seemed like a good opportunity. However, it quickly turned into a nightmare. I’ve lost a significant amount of money, and many of my loans are still long overdue. The vetting process is appalling as so many of their loans, that I invested in, have failed. The fees for recoveries are astronomical, with so much of the money being eaten up by administrators, site insurance, selling security agent fee - the list goes on!!. It would be interesting to know what link those companies have to Crowdproperty as I bet you that someone is laughing all the way to the bank.

Frankly, it’s been a frustrating experience. I would strongly recommend taking your money elsewhere. Even putting your money in a building society earning 0.1% would be a better option than dealing with this joke of a platform!!!!

"Pitifully poor "

Sadly, this investment platform has exceedingly badly performance. Invested for 2 years in various projects, many overdue by a large margin, and one loss today, £1500 paid back out of £7000. Badly managed, I cannot recommend this. Thumbs down!

"Disappointed. Watch out for losses. "

Disappointed.
In the early days of investing it worked ok but started to look worse and worse with loans significantly over running.
Now the remaining part of my investment portfolio (I stopped investing in new projects a while ago) is well over a year overdue and I have just had notification that one investment that was done through Auto Invest has a big loss only paying back 26p in the £ of what was invested.
Further losses like this are likely.
I think Crowd Property needs to be more honest about the state of its portfolio.
First charge security isn’t worth a lot if you are only able to recover 26% of capital after selling it …

"Extremely misleading statistics - 0% returns are possible"

Extremely misleading statistics - this is a very high risk investment platform so be prepared for 0 or negative returns.

I will keep this short by setting out how much money I have put in and how much money I've got out in the 4 years I've been on this platform.

Deposits: £4000
Investments: £4500 (the extra £500 is a result of completed project monies being re-invested, rather than withdrawn to my bank account).

Closed out projects: £4500
Projects that have been on hold for over two years: £500

As you can see from the above, this is not as sweet a deal as it might seem. If you have a large portfolio of projects, you might be spreading the risk, but project failure is more common than the platform would lead you to believe. There are 4 projects on hold for the past two years which are worth £500 - is it likely that I will see my capital returned? I'm not certain, but I could have put my money elsewhere. Let's say these projects completely fail, that's a £500 return on an initial deposit of £4000 over four years - 3% per year, which is not as lucrative as this platform makes out.

Ultimately the £4000 I initially deposited could have been put elsewhere, and with a much higher return rate over the 4 years.

2 stars instead of 1 because this is an easy way to diversify your ISA allowance, and they have tried to communicate project updates to investors.

"ISA Transfer not being actioned"

As others have mentioned, a lot of the loan book is now overdue (over 50% of mine is very overdue). To top things off, I'm trying to transfer money out to another ISA when things are repaid and the last 2 transfer were not actioned after the 30 day time limit, so looks like there maybe other issues going on at Crowdproperty.

"Far from perfect"

Far from perfect.
Lots of late payers.....but what do you expect?
they are builders, who have a tendency to be over optimistic about completion dates.!
And if they are late you get an extra 2%!
I have one £50 loan from 2019 which is to put it mildly late!
Looking at the state of the property I expect to get the £50 plus some interest but not all.
My preference is the stockmarket but from a risk reward basis this is probably a better bet.

"Have realistic expectations"

I'm writing this because I feel that the reviews are unfairly balanced towards the negative end of the spectrum. Primarily, it seems to me, because the reviewers don't fully understand the investment they are making.

Perhaps CrowdProperty themselves carry some responsibility for lender education but their new-lender sign-up process does make the risks abundantly clear.

Investments in property development are not guaranteed, not liquid and not short-term. All investors should understand this at the outset and yet so many reviewers appear to be disgusted when they don't receive a glorious return within 2 years.

CrowdProperty does have its faults, when compared with other peer-to-peer property development platforms, but it also has its advantages. In particular, it's ability to diversify across multiple projects with as little as £50 in each project, whilst it's not unusual for other platforms to have a £1,000 minimum per project.

In my experience, providing lenders achieve meaningful diversification and are happy for their capital to be tied-up for the long-term, it is likely that they will achieve the published returns. But not guaranteed.

"Avoid like the plague, very restrictive lender "

This company do not understand the property business, they don't even understand basic business practice (cash flow/working capital). threatened to force sales when I already had sales agreed at full asking price, did their best to sabotage a successful project. These are not the sort of financial support/backing you need, they try to micromanage projects by not releasing funds, even when you are paying interest on those funds, they are now owned ( 51% ) by institutional lenders so no longer true to the original concept of crowd funding, now complete bankers.

"Far slower repayments last couple…"

Far slower repayments last couple years.
Recent email update things improved slightly hopefully this continues.
Investors do receive extra 2 % with late funds.
A secondary market would definitely help, however the platform possibly couldn't handle the volume currently when as many late loans.
Auto invest only would be the best strategy if you are tempted invest in Crowdproperty anything other than a small proportion of funds probably not be a great idea currently.
Perhaps Crowdproperty should now go Auto invest only this would help overall.
All investors funds really should be widely spread over many platforms not just Crowdproperty and many 1st secured lower LTV loans.
The problem is finding enough decent P2P platforms.
An idea is for ALL Crowdproperty P2P loans to be far more widely spread over all investors, as Loanpad does.

Minimising the risk of individual investors losing while cutting the overall % rate slightly to all investors.
This should lead to far smoother returns
Not advice.