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EY survey: One in four project developers seeks crowdfunding
A survey by EY Real Estate has found that three out of four project developers and nearly half of all investors in Germany could imagine using crowdfunding to finance projects, while one in four from both groups has concrete plans to use crowdfunding. "The instrument has established itself surprisingly quickly in Germany," says Paul von Drygalski, Executive Director at EY Real Estate. Crowdfunding as a supplement to financing structures is especially conceivable for family offices and private equity. Only 10% of respondents, however, think that crowd capital can also supplement institutional funds. 64 investors, project developers and crowd financial backers took part in the survey. Only 13% of the developers surveyed are already in contact with crowdfunding platforms, in contrast to 42% of investors surveyed.
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