In July, the active loan portfolio of the crowdfunding platform InRento grew by nearly EUR 11 million. This marks one of the largest monthly increases in the company's history. This result was driven not by a single large transaction, but by an emerging trend simultaneously across several European markets – real estate developers are increasingly opting for crowdfunding.
Although the real estate market remains cautious and banks tend to avoid conversion projects, the crowdfunding sector is growing. Developers are increasingly choosing crowdfunding due to faster decision-making and more flexible terms, while investors are drawn to asset-backed projects that offer attractive returns.
Typically, summer is considered a quieter season in the real estate market, yet this year InRento recorded record activity in July. According to the company, this was the result of consistent effort rather than seasonality.
Growth: The Result of Multiple Markets, Not a Single Transaction
InRento operates in eight European Union markets, and the growth in July was driven not by one country alone, but by simultaneous activity across several markets. Transactions in Poland and Romania accounted for the largest share of the portfolio's growth, with Lithuanian and Finnish projects also making significant contributions.
The largest portion of the growth came from transactions in Poland and Romania, with significant contributions from projects in Lithuania and Finland. Operating in eight EU markets allows us to direct capital to where the risk-reward ratio is currently best, without being dependent on a single country's economic cycle.
InRento currently has over 5,000 active investors, and the volume of funded projects is growing by an average of about 10% per month. This indicates that alongside a growing supply of high-quality projects, investor confidence in asset-backed investments is also increasing.
Comparing the January–July periods of 2025 and 2026, the total amount funded has nearly tripled.
Portfolio growth is always driven by two factors: the supply of quality projects and the demand for investor capital. Both were strong in July, but I wouldn't call this month's results a one-off. It is the result of consistent daily work. One month can be a coincidence; a trend is not.
Banks: Increasingly Partners, Not Competitors
Five years ago, crowdfunding was often just a backup plan for developers when a bank refused to finance a project. Today, according to InRento, experienced developers are increasingly turning to the platform first – not because of a bank rejection, but because of the speed of decision-making and structural flexibility, which enable them to win deals that traditional banking processes simply wouldn't allow to close in time.
Banks and InRento are increasingly complementing each other rather than competing: InRento finances the acquisition and development phase, while the bank handles long-term refinancing once the property is already generating income.
In Lithuania, rising interest rates have narrowed the pricing gap between bank loans and crowdfunding, leading some projects that would previously have naturally gone to banks to now come to InRento.
Meanwhile, in Poland and Romania, base interest rates have been high for a long time, so there was no sudden turning point due to ECB decisions. The largest part of the growth was generated not by the market cycle, but by our own geographic expansion and the consistent strengthening of our local teams in each market over the past three years.
This is precisely why InRento can maintain stable growth – when activity slows down in one market, it accelerates in another. Such a model allows us to ensure consistent portfolio growth regardless of short-term market fluctuations.
