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investors
Crowpire is the new name of Housers, one of Spain's early property crowdfunding platforms. The brand changed in February 2026, with new shareholders and management according to the press; the old housers.com address now forwards to crowpire.com and the CNMV licence number, 13, is the same. Crowpire presents the Housers track record as its own: more than 450 projects funded, more than EUR 147 million invested and more than EUR 72 million paid back to investors (1 November 2026).
You lend, project by project, to property developers that the platform calls certified. Interest is paid every quarter and the capital comes back in one payment at the end. In November 2026 one project was open: VERA, 18 homes in Vera, offering 9.5% a year, with 67 investors and 50 days left. Registration is free.
Crowpire shows an average return (IRR) of 9.94% on its home page, with no date, period or definition, and no statement on whether it counts projects that are late or in recovery. The open project offers 9.5% a year. No return after losses is published. Set against the figures below, the 9.94% most likely reflects repaid projects only.
Under the European crowdfunding rules Crowpire publishes a default rate: 15.85% over the last 36 months and 0.00% over the last 12 months (1 November 2026). The page itself says the rate does not count projects that are in recovery, so older Housers problems may be left out. Of the more than EUR 147 million invested, only about EUR 72 million has been paid back, which includes loans still running, and no loss figure is published.
Delays on older projects are long. The press reported in July 2020 a Madrid project pending since 2016 that had not been built or repaid. In September 2026 investors told the press their capital had been outstanding for more than five years, one of them with about EUR 28,000 stuck in 18 of 42 projects. In October 2026 the press reported that about EUR 57 million of EUR 167 million raised had not been publicly accounted for, with unreturned projects in construction, recovery or court; the company says it cannot give figures until the money is distributed.
You lend to a property developer for one project. The terms say some opportunities are offered with a mortgage in favour of investors, held through a security agent who can enforce it; each offer states whether it has one, so not every loan is secured. Projects are scored by an outside valuer: the open project in November 2026, VERA (18 homes in Vera), was scored AA by GLOVAL. There is no buyback, reserve fund or guarantee from the platform, and no investor or deposit guarantee fund covers the money. Crowpire publishes no recovery figures. Its default rate leaves out projects already in recovery, and the company told the press in October 2026 that it cannot give figures on unresolved older Housers projects until the money is distributed to investors.
The platform is run by Crowpire S.L. (tax number B-87269999, Calle Henri Dunant 15-17, Madrid). Spain's securities regulator (CNMV) authorises it as a crowdfunding service provider, register number 13. The CNMV fined Housers EUR 215,000 in September 2019 for very serious breaches, including how it informed investors about returns, fees and risks; Italy's regulator CONSOB fined it EUR 100,000 in 2019 as reported in the press. A further CNMV fine of EUR 130,000 in 2021 over conflicts of interest was overturned by Spain's National Court in 2024. The platform says the founders and earlier managers left before the rebrand.
Crowpire publishes no fee schedule for investors on its public pages (1 November 2026). Its terms say fees are those published on the website and charge developers a management fee on each instalment and a fee for chasing unpaid amounts.
Crowpire's public pages describe no way to sell a loan before it ends, so you wait for the developer to repay. Funds not yet invested sit in an e-wallet in your name. Older Housers projects show that repayment can take years longer than planned.
Return: Medium, on the average return of 9.94% the platform shows, which is undated and undefined. Risk: Very high (higher means more risk), as 15.85% of projects defaulted over 36 months on a measure that leaves out projects in recovery, investors report capital stuck for more than five years, and the platform was fined by two regulators in 2019. On its own the 15.85% default rate would be High; we set Risk one step higher, at Very high, for the long delays. Risk-return: Very low, because risk is Very high and a medium average return does not make up for it.
License / Regulation: Crowpire S.L. (tax number B-87269999) is authorised and regulated by Spain's securities regulator (CNMV) as a crowdfunding service provider, register number 13, the same number Housers held. It is not a bank or an investment firm, and no investor or deposit guarantee fund covers the money. Housers was fined EUR 215,000 by the CNMV in 2019 and EUR 100,000 by Italy's CONSOB in 2019 (as reported); a 2021 CNMV fine was overturned in 2024.
Housers relaunched as Crowpire in February 2026, with new shareholders and management according to the press. The old housers.com address forwards to crowpire.com, and the CNMV licence number 13 is unchanged. Investors in older Housers projects remain invested in them.
Yes. Crowpire S.L. is authorised by Spain's securities regulator (CNMV) as a crowdfunding service provider, register number 13. The CNMV fined Housers EUR 215,000 in 2019; a 2021 fine was overturned in 2024.
Divilo. Each investor has an e-wallet in their name, held in a bank account in Divilo's name, according to the terms. Once invested, your money is lent to the developer.
The platform shows an undated average return of 9.94%, and the open project offers 9.5% a year. The published default rate is 15.85% over 36 months (1 November 2026), excluding projects in recovery. No loss figure is published, and only about EUR 72 million of more than EUR 147 million invested has been paid back.
Some loans carry a mortgage held by a security agent for investors; each offer says whether it has one. There is no buyback or guarantee, and no guarantee fund covers losses.
The public pages describe no way to sell a loan early, so you wait for repayment. Older projects show that this can take years longer than planned.
No investor fee schedule is published on the public pages (November 2026). The terms charge developers a management fee on each instalment and a fee for chasing unpaid amounts.
Many are late. Investors told the press in September 2026 that capital had been outstanding for more than five years, and in October 2026 the company said it could not give figures on unresolved projects until the money is distributed. Projects in recovery are not counted in the default rate.
Your loan is to the developer, and uninvested cash sits in your wallet at Divilo. If a developer fails, recovery depends on any mortgage and on court proceedings, which can take years.
