Investors Manual

INVESTORS MANUAL

2 Investors Manual

Index

Photo: Home renovated by Housers

• Introduction

• How to save and what to save?

• How to build your portfolio with Housers?

• What kind of opportunities can I find in Housers?

• Advantages of investing in Housers versus others

• A fee structure designed for you

• Sell whenever you want

° Investment in real-estate in Spain

° New-property construction

° Buying and selling property

° Mortgages

° Prices

° Rent

° Foreign investment

° Prices forecast until 2025

4

5

7

8

9

10

11

12

13

14

14

15

15

16

16

pag.

3 Investors Manual

Welcome to Housers, if you still don’t us, let's explain in a few words who we are:

Housers is the best investment and sav-ings product to start building a portfolio through the real-estate market.

Saving for your future is not an option, it is a necessity and now with Housers you can do it in an easy, safe and transparent way.

Invest and save on the real-estate mar-ket along with many other people who are already doing it and get high yields in an investment that will always be linked to the property.

Thanks to the rental and the growth value of the properties every month you will be able to receive a constant income by the eco-nomic exploitation of the assets.

We have prepared this Handbook to guide your first steps in the online investment world and to inform you about the reasons why it is so important that you start planning your next years.

Keep reading and you will know what HOUSERS is and the reasons why you can already save by investing in residential, com-mercial properties, new build properties, etcAnd there is much more!

Do not hesitate; start working on your sav-ings. Housers has designed a simple, fast and safe process for you to start taking your first steps, the rest is up to you:

• Choose which opportunities you like best,

• Diversify as much as you want and have it wherever you want.

• Sell your investment in our in our market place whenever you want, and do not worry about anything else. Housers will do the rest of the work so you get high yields.

Build your future quickly, simply and safely.

If you need more information you can con-tact us, send us an email to info@housers.es or call us by phone at 911 930 730 and we will be delighted to assist you.

But if you have come this far, read on, we are sure you will be surprised.

Greetings,The Housers team.

Hello!!

4 Investors Manual

IntroductionSaving at the moment is essential but there are two major problems issues to do it on your own:

• Very low return on traditional investment and savings products.• High volatility in financial markets that jeopardizes income expectations.

Recent studies1 indicate that, in Spain, in just five years the real purchasing power of public pensions will fall by 6.3%, reaching a loss of 8.9% in 2025, so it will be absolutely necessary to build a savings plan for the future .

At the moment, the situation for the saver is very complicated, mainly because the yields of traditional savings products do not allow the amounts needed to maintain an acceptable standard of living after retirement.

The latest study of IESE Business School: Yields of pension funds in Spain. 2001 - 2016, indicates that the average yield in the last fifteen years was:

• 15-year government bonds: 5.27%.

• IBEX 35: 5.24%.

• Pension funds: 2.03%.

Although perhaps the most worrying thing of all is that among the 335 pension funds with 15 years of history, only 3 outperformed the IBEX 35 and the 15-year government bonds, while 6 funds had a negative average return.

As you can see, the scenario is worrying and the traditional products of investment and savings are not the solution given the low yields they offer, the high volatility to which they are subject in some cases and, above all, the lack of transparency of many of them.

Do not worry, in Housers we have found the solution to save and invest in a trans-parent, safe and simple way: a platform where you are the one that builds your own saving plan based on the real-estate investment as you want, when you want and from where you want.

Welcome to the best way to monetize your savings.

(1) Study by Javier Díaz-Giménez (IESE Business School) and Julián Díaz-Saavedra (University of Granada)

Investors Manual

In recent years equity markets have been affected by strong volatility and, at the same time, fixed income (Bonds, deposits, etc.) are living a time of low yields.

In this situation both the investor and the saver have a problem because of the few alternatives that offer an attractive yield.

With this scenario, three main objectives must be identified:

• Look for investment alternatives less vulnerable to volatility.

• Invest in physical assets to diversify risk and support investment.

• Find those investments where you can try to get a stable income.

And to meet these three points real-estate investment is a great alternative because:

• Encourages diversification.

• Improves yields with potential monthly and stable revenues.

• Protects the portfolio of the assets due to its low correlation with fixed and variable income.

How to save and what to save?

ASSETS THAT ALLOW DIVERSIFICATION AND BACK

UP THE INVESTMENT

THREE GOALS

ASSETS WITH

LOW VOLATILITY

REDUCE THE CORRELATION BETWEEN FIXED AND

VARIABLE RENT

REAL-ESTATE INVESTMENT

PROMOTES DIVERSIFICATION

GETTING STABLE INCOME

REDUCE THE CORRELATION BETWEEN FIXED AND

VARIABLE RENT

5

Investors Manual

Before, accessing real-estate investment as a way of saving and diversifying at the same time was only accessible to a few.

Housers has democratized the market and opened the door of real-estate investment to all.

We select the best investment opportunities in the best areas of the big cities, so that you can enjoy a double yield:

• Receiving a potential monthly rental income.

• The growth value of properties over time.

In addition, the risk inherent to the investment is re-duced because there is always a property linked to it.With Housers you can diversify according to:

• The type of opportunity.

• The typology of real-estate.

• The geographical area

O U R R E C O M M E N D AT I O N :W H E N I N V E S T I N G D I V E R S I F Y T O R E D U C E T H E R I S K S

Photo: Home renovated by Housers

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7 Investors Manual

How to build your portfolio with Housers?

1 . GET 3 % FROM THE MOMENT YOUR INVEST

Your money will start generating profit from the first moment, get a 3% per annum on the amount invested from the moment you invest until the project is 100% funded.

3. THANKS TO THE POSSIBLE PRICE RISE

The possible increase in the value of real-estate over time may increase the value of your investments, which will allow you to profit if you decide to sell all or part of your investments in our market place

2. THANKS TO THE RENT

Every month, as long as there is a tenant, you will re-ceive in your Housers account the dividends from the rent in proportion to the amount you have invested.

8 Investors Manual

Foto: Vivienda Housers

What kind of opportunities can I find in Housers?Basically you can find four types of investment opportunities:

SAVING OPPORTUNITIES

These are long-term investments designed, studied and analyzed to gradually build a pension plan based on real-estate, at your own pace and always thinking of improving your standard of living by providing a new source of income thanks to rents.

With these opportunities you will be able to put your investment for sale later and while so you can win every month the proportional part of the rent that corresponds to you as well as the revaluation of the property while maintaining your investment in your portfolio.

Since these are investments saved for the creation of savings and equity, you have the power to decide when to sell through our market place.

INVESTMENT OPPORTUNITIES

These are investment opportunities that are very focused on the reha-bilitation and improvement of the properties located in the centre of the cities through the full renovation of houses or commercial premises, or the construction of new build property.

For this type of project Housers sets a growth value goal and when it is reached, we proceed to sell the project.

They are opportunities at 12, 24 or 36 months where the end occurs when the property is sold. In this way, your income from the sale will not de-pend on the supply and demand in the market place.

OPPORTUNITIES FORFIXED-TYPE LOAN

These are medium-term opportunities (24 - 36 months) where a fixed rate loan is given to a real-estate develop-er. In this case they start to generate income from the first month based on the agreed interest that is set with the promoter after the evaluation of the entire project. In fixed rate loans Housers does not need to wait to sell the property, but receives the interest monthly until the developer repays the loan.

They are, above all, opportunities fo-cused on construction of new build property, in order to respond to the demand and the provision of new homes in the center of the big cities.

EQUITY OPPORTUNITIES

Opportunities where you can find properties with or without rental and where the promoter sets a target price of sale. When this is reached, the property is sold. In addition, the esti-mated term for the sale of the asset is defined.

The investment is executed through limited partnerships and you acquire the company's shares in the project vehicle in proportion to your invest-ment. The Market place is unavailable

Investors Manual

A FREE INVESTMENT

Investing in Housers is free!

We are transparent, the creation of your account, its maintenance, your money movements, your investments and the income of the benefits that correspond to you do not have any type of cost for you!

Advantages of investing in Housers versus othersAN EASY REGISTRATION

In 3 steps you can become a real-estate investor at no cost to you

1. Complete the registration form

2. Attach a photo of your ID, color, front and back in the "my data" section of your private area.

3. Enter funds into your account, study the published opportunities, choose the opportunities that you like and invest the amount you want.

It’s easy and fast!

A SAFE PROCESS

Your money will always be safe on a segregated account at no cost for you.

Housers works together with an independent payment company to ensure that your money is always in your name on your Housers account.

Even when you invest this money will remain in your account.

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10 Investors Manual

We have created a fully-aligned fee system with our investors.

The fundamental difference with other commissioning systems is that all investment models charge the same to the investor regardless of whether they earn or lose money, but we do not, if you do not have benefits, HOUSERS does not charge you anything.

Housers fees are profit-based and more competitive than other platforms and other financial investment and savings products.

The fees of these products vary between 1 and 3% (for which 1.5% has been selected on average) and is applied to your entire portfolio.

Housers instead presents a more fair and transparent model, the 10% commission is on the profit obtained and not on the portfolio or equity.

Although the percentage seems high the basis for calculating it, it is actually much smaller than in the other products.

A fee structure designed for you

Compar ison between Housers and the C lass ic Model

100€INVESTMENT

TOTALFEE

1,50€

AVERAGE ANNUAL

YIELD

UNKNOWN

1,5%FEE

OVER PORTFOLIO

UNKNOWN

INVESTORS YIELD

CLASSIC MODEL

100€INVESTMENT

TOTAL FEE

0,41€

AVERAGE ANNUAL

YIELD

4,06%

BENEFITFOR

INVESTORS

4,06€

10%S U C C E S S

FEE

WE GO TOGETHER,

IF YOU DON’T EARN, NEITHER DO US.

11 Investors Manual

The low liquidity of the real estate market is historyNow, whenever there is a counterpart, you can sell your investment whenever you want and at the price you want, without waiting and in an easy and safe way.Through our tools of BIG DATA we value the price of a participation in the opportunities that have the available market place.With this reference you can set the selling price you want and if there are people interested, they will buy your investment at the price you have set.

Sell at any time!

12 Investors Manual

InvestmentReal-estate in Spain

The real-estate market during 2015 saw the recovery of a sector that by 2014 was beginning to show signs of recovery.

2016 should be described as the year of consolidation and reactivation of the entire sector, and real-estate investment can probably be described as the best investment option in 2016 while expectations for the coming years are very interesting.

Now is the real-estate moment. The recovery of transactions, positive price growth, the presence of foreign investment, the appetite of professional investors and increasingly consolidated expectations of growth value show that you should not wait any longer.

All this together with a rental market that has acquired a special importance and that is essential for the sanitation of the whole sector.

13 Investors Manual

The number of visas to raise new homes fell from 865,561 units in 2006 to a record of 34,288 in 2013.

According to the Ministry of Development, up to November 2016, 59,129 permits were granted, having already surpassed the 49,695 permits granted throughout 2015, a further indication of the recovery of construction in Spain.

Currently, the stock of new build housing is almost non-existent in Madrid and Catalonia, especially where there is a real need for new property. In the Community of Madrid there are scarcely 10 new houses for sale per 10,000 inhabitants, while in Catalonia only 20 are registered.

Construction of new build property

Number of new construction permits granted (2009 - 2016)

Finished constructions

199

1400.000

200.000

199

2

1993

1994

199

5

199

6

199

7

199

8

199

9

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

* The 2016 figure reflects the transactions accumulated between January and October

So

urc

e: M

inis

teri

o d

e Fo

men

toS

ou

rce:

Min

iste

rio

de

Fom

ento

120.000

100.000

60.000

20.000

0

80.000

40.000

2009

110.849

91.662

78.286

44.16234.288 34.873

49.695

64.038

2010 2011 2012 2013 2014 2015 2016

I N T H E C O M M U N I T Y O F M A D R I D T H E R E A R E L E S S T H A N 1 0 N E W B U I L D H O M E S F O R E V E R Y 1 0 . 0 0 0 C I T I Z E N S

14 Investors Manual

2016 has brought with it the largest year-on-year increase in property registered by INE since the year 2007, registering an increase of 13.6%. In absolute terms, 2016 closed with 403,866 trading operations.

The forecast for the next 2017 is that the year finishes with a growth superior to the 12% in volume of transactions, reaching 500,000 properties sold.

Property transactions

Property transactions (2009-2016)

Number of mortgages granted for housing (2009 - 2016)

413.393

650.889607.535

408.461

273.873

199.703 204.302

246.767281.328

403.866

439.591

359.824 355.556318.534 318.830312.593

500.000

400.000

300.000

300.000

200.000

200.000

100.000

100.000

400.000

500.000

600.000

50.000

150.000

250.000

350.000

700.000

450.000

0

0

2009

2009

2010

2010

2011

2011

2012

2012

2013

2013

2014

2014

2015

2015

2016

2016

So

urc

e: IN

ES

ou

rce:

INE

MortgagesDuring 2016, a total of 281,328 mortgages were granted for the acquisition of housing, an increase of 14% over the previous year. In this way, the mortgage concession lasts three consecutive years of increases, which indicates that the financing returns to flow again.

15 Investors Manual

The rent will be one of the great markets to take into account in this new cycle. The latest data indicate that the average rental price has been set at the end of 2016 at € 7.48 / m2.

The popular belief in our country that renting is throwing money is passing to history.

Regarding prices, the National Institute of Statistics (INE) reflects a moderate and healthy growth trend. The price of property already adds 11 consecutive quarters rising.

New build property presented a year-on-year increase of 4.3% in the fourth quarter of 2016, while the price of second-hand homes increased by 4.5% compared to the same period of the previous year.

By 2017 it is estimated that the prices will rise between 5-6%.

Rent

Prices

So

urc

e: IN

E

15,00 %

-15,00 %

-20,00 %

Q1

20

07

Q1

20

08

Q1

20

09

Q2

20

09

Q4

20

09

Q1

20

10

Q2

20

10

Q1

20

11

Q2

20

11

Q3

20

11

Q1

20

12

Q2

20

12

Q1

20

13

Q2

20

13

Q3

20

13

Q1

20

14

Q2

20

14

Q4

20

14

Q1

20

15

Q2

20

15

Q1

20

16

Q2

20

16

Q4

20

07

Q3

20

07

Q2

20

07

Q3

20

08

Q2

20

08

Q4

20

08

Q3

20

09

Q3

20

10

Q4

20

10

Q4

20

11

Q3

20

12

Q4

20

12

Q4

20

13

Q3

20

14

Q3

20

15

Q4

20

15

Q3

20

16

Q4

20

16

10,00 %

5,00 %

-5,00 %

-10,00 %

0,00 %

Housing Price Index (Q1 2007 - Q4 2016)

Evolution of the average rental price in Spain since 2007 (€ / m2)

jan

-07

6,5

7,5

8,5

9,5

10,5

7

8

9

10

jan

-09

jan

-08

jan

-10

jan

-12

jan

-14

jan

-11

jan

-13

jan

-15

jan

-16

may

-07

may

-09

may

-08

may

-10

may

-12

may

-14

may

-11

may

-13

may

-15

may

-16

sep

-07

sep

-09

sep

-08

sep

-10

sep

-12

sep

-14

sep

-11

sep

-13

sep

-15

sep

-16

So

urc

e: F

oto

casa

16 Investors Manual

The purchase of property in SpainForeign investment does not stop growing and accounts for almost 20% of the total real-estate transactions.

The foreign buyer supposes a niche of market to take into account, especially in coastal zones, where it is being one of the pillars of the recovery of the residential market.

All this confirms the good moment that real-estate investment is going through to build a portfolio in comparison to the yields generated by other financial products today.

Taking into account the lack of stock and the increase in demand that currently exists; the forecast for the current price of free housing in our country is 2,046 Euros per square meter for 2025 and 2,212 Euros for 2027.

These figures confirm that the real-estate market is recovering in Spain and will continue the trend in the upcoming years so we are in a unique moment for real-estate investment.

Foreign investment

Price list up to 2025

Price of free housing - Spain€/m2. History and foresight. Current and constant prices (2015)

2400

2200

2000

1800

1600

1400

1200

1000

20042005

20062007

20082009

20102011

20122013

20142015

20162017

20182019

20202021

20222023

20242025

20262027

2007: 2.255 €/m2

2007: 2.062 €/m2

2015: 1.454 €/m2

2025: 2.046 €/m2

2.212 €/m2

1.823 €/m2

Constant prices (2015) Current prices

Foreign transactions (2007 - 2016)

64.264

53.000

32.393

17.81319.841

36.732

46.444

22.249

41.237

27.452

70.000

50.000

30.000

20.000

100.000

40.000

60.000

0

2007 20092008 20112010 2012 2013 2014 2015 2016

So

urc

e: IN

E

Start building your portfolio with Housers.Invest, diversify and get the most out of

your money with Housers!If you need any further information please

contact us at support@housers.com

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Housers no proporciona asesoramiento financiero y nada en este documento debe interpretarse como inversión o asesoramiento financiero. La información que aparece en este artículo es sólo para fines de información general y no constituye asesoramiento específico. Tampoco es una solicitud, oferta o recomendación para invertir. Si tiene alguna duda sobre la idoneidad de una inversión, usted debe buscar asesoramiento financiero independiente. El valor de las inversiones puede bajar o subir. La rentabilidad pasada no es necesariamente indicativa de la rentabilidad futura. Existen riesgos asociados con una inversión en cualquiera de los productos que aparecen en nuestro sitio web.

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