Brickblock review shows that Brickblock is a blockchain backed real estate crowdinvestment platform, making property investing affordable and increasing liquidity of the investments. Brickblock has created a platform that allows investors to trade 24/7. This means that you don’t have a time limit when it comes to trading. It also helps to eliminate the big price spread of asset, especially when stock exchanges close. Brickblock provides the technology and legal framework to facilitate real estate investments on the blockchain, allowing developers to raise capital from a global investor pool and investors to access attractive investments around the world. Once the project is fully funded, investors receive “tokens” that represent their share of the investment. Tokens can be traded or sold if investors wish to liquidate their share.

Key facts about Brickblock

Estimated annual returns: Up to 10%

Launched: 2018

Autoinvest: No

Loan security: Real estate as collateral

Provision fund: No

Registered investors: ~1000 investors in April 2019

Buyback guarantee: No

Minimal investment: €1

Time to become invested: Varies on loans availability

Time needed managing: Low

Regulation: NA

Country of operation: Germany

Defaulted loans: 0%

Borrowers verification: By the platform

Accepted currencies: Euro, Ethereum

Accepts investors from: Worldwide (except US)

The Brickblock Review: Pros and Cons

PROS

– All loans secured with real estate
– Low minimal investment
– Blockchain backed investments

CONS

– Low interest rates
– No BuyBack guarantee
– Young platform

Competitors

Lendy, EstateGuru, Crowdestate, Bitofproperty

Brickblock Review: what I have experienced so far

Brickblock is an online crypto currency investment platform or network for real estate trading. It uses the technology of blockchain that depends on smart contracts. It acts as connectivity between real world assets (real estate funds or ETFs) and crypto currencies.

Firstly, some words about opening account at Brickblock and I have to say that the platform does not require to register in order to invest.

Add funds to Brickblock’s account also is enough easy. Actually you do not need to transfer funds at this stage. You can use ethereum or fiat currencies in order to make investments.

I always emphasize that returns should not be the key factor once you decide to where to invest. The most important is how the platforms evaluate the borrowers (in this case real estate properties). Returns are quite low (up to 10%) compared to the competitors in this region. It’s hard to say right now how the evaluation works as there have been only a few projects presented. There three real estate projects waiting to be funded at Brickblock at the moment. However, those are not open for retail investors to invest. The platform has not provided the reaseon why yet.

Brickblock has a small team of 4 persons. It can an advantage because the cost are low to manage the company, but some may say that it a very small P2P platform that is not a big player in the market. Website looks modern. Last year Brickblock sucessfully raised capital through the ICO and built the first ethereum based version of tokenized investments into real estate. Blockchain part looks interesting where the real estate projects are tokenized, however I personally would like to see projects funded. Especially knowing how tough the competition in the P2P market is.

Brickblock review is written by Tomas Medeckis