Crowdsourcing real estate

A new Stockholm based startup is creating an opportunity for any person to become part of the booming Stockholm real estate market. 

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  From eyesore to waterfront utopia: Scandinavian aesthetics and sensible “green” solutions have been happily combined in the Stockholm suburb of Hammarby Sjöstad.

• Crowdsourcing is nothing new but for one Swedish startup, bringing it to the traditional real estate market is.

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  This image from the development "Hammarby Sjöstad" in Stockholm is unrelated to the story about Tessin. To see the relevant projects offered through tessin.se, see their website.

• Tessin, a Stockholm startup, has created a service for would-be investors to bypass the intermediaries and reduce the complicated fee structures associated with Swedish real estate investments. By crowdsourcing funding, investors are able to realize returns on their property investments with less fuss and, allegedly, more profit.

• If this is something you consider, do bear in mind that earlier returns are no guarantee of future returns. Tessin itself is making this point utterly clear: "The money invested in the projects can both increase and decrease in value and it is never certain that you get back the entire capital invested." For more info, see https://tessin.se/

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