Scan Magazine | Special Theme | Danish FinTech Special
Junaid Ahmad (left) and Kamran Ahmed.
Making it easy to invest in property Many people want to invest in the property market, but it can seem like an unobtainable dream requiring a great deal of time and money. Brickshare has created one of the first opportunities in Europe to easily and quickly invest in property. By Josefine Older Steffensen | Photos: Brickshare
Brickshare has had incredible success since its inception in March 2016. A year after its launch, Brickshare offered its first investment opportunity, a flat in the renowned and award-winning 8-tallet in a new area of Copenhagen. They are now on their third project and have found that the demand for this kind of investment has been astounding. “The level of interest in what we do has been unbelievable. From the moment we launched, there’s been high demand for new investment opportunities and people have been very interested in the concept,” explains Junaid Ahmad, cofounder and CEO.
How does it work? The first step is to set up a user via their website, and then put money into that user account. The available properties are shown in a menu, along with relevant statistics, and then all it takes to invest is a few clicks. The minimum investment 72 | Issue 103 | August 2017
is 1,000 DKK, but the more you invest the bigger percentage of the property you own and the more you get back each month.
“We wanted to create a technology that opened up the property market to the average person. Although we’re still a start-up, I think we’ve succeeded in what we set out to do, and I’m incredibly excited for what the future has in store for us,” concludes Ahmad.
Once the investment has been made, there are monthly payments into your account from rent. Every three months, the price of the property is checked and the value of the share in the property will align accordingly. There is no need to worry about finding tenants, sorting out problems or renovating the flat as a there is a management team at hand to take care of everything.
Bright future The apartments offered have been bought by Brickshare, which has an experienced team of advisors and consultants behind it, ensuring that each property is a good investment opportunity. Although the transactions happen through a website, there are always people available to answer any questions.
Web: www.brickshare.dk