Wecity - Risk and return review
Wecity - Returns and loss rates
Wecity – Platform statistics 2026
Wecity – Pros & Cons
About Wecity
What it is
Wecity is a Spanish property crowdfunding platform based in Madrid. Private investors lend money to housing developers in Spain and Portugal, and since 2026 also in Italy, in small amounts per project. It started funding projects in 2020. Its home page shows €305 million funded across 230 projects, of which €194 million has been paid back and 121 projects are finished (October 2026).
How it works
Most projects are short fixed-interest loans to developers, usually for 6 to 18 months. A smaller share are profit-share deals, where you take part of the profit when the homes are sold, over 18 to 36 months. The home page gives an average term of 11 months. The developer sets the minimum for each project; €500 is common, and some projects start at €250. Many loans carry a built-in extension of three to six months, and further extensions can be put to an investor vote. An automatic investing tool is available.
Returns
Wecity reports an average return of 12.02% a year since it began in 2020 (home page, October 2026). It mixes loans and profit-share deals, and the platform does not say how the figure is calculated: whether it covers all projects or only finished ones, whether larger projects count more, or whether it is before the 19% Spanish tax withheld from interest. The average has come down from 16.31% in the first year (2020–21) and 12.61% at the end of 2024, and has stayed at 12.02% through 2026.
Losses and defaults
The home page shows a non-payment rate of 0% (October 2026). Wecity does not say what it counts as non-payment or what the figure is measured against, and it publishes no figures on late loans, extensions or recoveries. Loans running in a built-in or voted extension are not counted as late.
The project pages tell a more mixed story. In July 2026 two loans were past their repayment date and unpaid while the 0% was shown. A count of the platform's own project pages in October 2026 suggests that about 29 of the 109 running projects (€28.6 million) are past their original term, 15 of them by more than six months. Built-in extensions mean not all of these are in default, but the 0% figure says little about delays.
What secures your money
Most loans are secured by a mortgage on the land and the building being developed. Profit-share deals usually have no security: you share in the developer's result. There is no buyback, no provision fund and no compensation scheme. Each project comes with a rating report, prepared with an outside firm since July 2026, but Wecity publishes no maximum for how much it lends against a property's value, and nothing on what has been recovered from late loans. Investors checking documents themselves in 2026 reported a rating report that understated building costs by €856,000, earlier charges on the land registry that had not been disclosed, and loans above the property's current value. In plain words: a mortgage gives lenders a claim on the property, but how much it would cover in a sale cannot be checked from what is published.
Who runs it and its licence
The platform is run by CityPrive PSFP, S.L. (tax number B88317003, Madrid), owned in full by Wecity Proptech Ventures, S.L. It is authorised by the Spanish securities regulator (CNMV) as a crowdfunding service provider under the EU crowdfunding regulation, register number 9, since 20 October 2023, and may also serve investors in France and Portugal (from October 2023) and Italy (from September 2025). Before that it was registered under the earlier Spanish crowdfunding law from November 2021. Its audited accounts for 2020 to 2024 are filed with the regulator. No regulator action against it was found. It has been a certified B Corporation since July 2025.
Fees
Investors pay no fees: opening an account, investing, deposits and withdrawals are free, and money from a project that fails to raise enough is returned at no cost. Developers pay instead: a set-up fee of €900 per project, a success fee of 3% to 8% of the money raised, charges for extra services, and 1% of any amount collected from a borrower who does not pay. On interest, 19% Spanish tax is withheld at source.
Getting your money out
You cannot sell early. There is no secondary market, so your money stays in each project until the developer repays, including any extension. If a project does not reach 90% of its target, all money is returned without fees. Cash waiting in your account can be withdrawn at any time.
Our view
Return: Very High — the platform reports an average of 12.02% a year since 2020, without saying how it is calculated. Risk: Low (higher means more risk) — the platform states 0% non-payment, but the figure is not defined, extensions are not counted and some loans run past their term, so we set it one level higher than the figure alone. Risk-return: Medium — a very high reported return, but the 0% non-payment figure is not defined, so we rate it Medium; the concerns about delays come mainly from investors' own reports and stay listed.
Regulation
License / Regulation: CityPrive PSFP, S.L. (tax number B88317003, Madrid) is authorised by the Spanish securities regulator, the CNMV, as a crowdfunding service provider under Regulation (EU) 2020/1503, register number 9, since 20 October 2023, with permission to serve investors in France and Portugal (from 20 October 2023) and Italy (from 30 September 2025). It was registered under the earlier Spanish crowdfunding law from November 2021. It is not part of any investor compensation or deposit guarantee scheme.
Functionality
For Investors
For Fund Seekers
Useful Information
Yes. CityPrive PSFP, S.L., which runs Wecity, is authorised by the Spanish securities regulator (CNMV) as a crowdfunding service provider under the EU crowdfunding regulation, register number 9, since 20 October 2023. Regulation does not protect you from losses on the projects.
Lemonway, a payment institution authorised in France, holds investors' money in a segregated account apart from Wecity's own funds. Wecity is not part of any compensation or deposit guarantee scheme.
Each developer sets the minimum for its project. €500 is common, and some projects start at €250. Investors not classed as experienced get a warning above €1,000 or 5% of their net worth per project.
Wecity reports an average return of 12.02% a year since 2020, without saying how it is calculated, and a 0% non-payment rate (October 2026). It does not define non-payment, and loans in extension are not counted. In July 2026 two loans were past their repayment date unpaid, and many running projects are past their original term. No realised loss figure is published.
Most loans are secured by a mortgage on the land and the building being developed; profit-share deals usually have no security. There is no buyback, provision fund or compensation scheme, and no maximum loan-to-value or recovery figures are published, so how much a sale would cover cannot be checked.
No. There is no secondary market, so your money stays in a project until the developer repays, including any built-in or voted extension. Only cash not yet invested can be withdrawn.
None. Developers pay a set-up fee of €900, a success fee of 3% to 8% of the money raised and other charges. Spain withholds 19% tax from your interest at source.
If a developer cannot repay, the loan is usually extended first, by contract or by investor vote; selling a mortgaged property can then take a long time. If the platform fails, your cash stays in the segregated Lemonway account and the loan contracts remain, but collecting them could be slow.
Wecity does not define what it counts as non-payment. Loans running in an extension, whether built into the contract or voted by investors, are not counted as late. That is why a project can be months past its original term while the 0% figure stays unchanged.
