Two start-ups offering “turnkey” rental investment are encountering major financial difficulties. Bad news for investors.
Bad times for real estate start-ups. As reported by the site The echoes, the start-up Immocitaz, which offers a turnkey rental investment service, has just been placed in liquidation. A decision pronounced by a judgment of the Nantes Commercial Court in October 2023. A few days ago, the company Masteos, born in 2019 and also specialized in turnkey rental investment, had already requested its placement in receivership on January 2, 2024.
A rental investment market in difficulty
Like Masteos, these companies offered to “help you find, buy, renovate, furnish and manage your rental investment and create your assets with peace of mind. » A promise of peace of mind for investors, who then only had to trust the structure to manage their property.
“This new failure is cause for concern among investors who preferred to delegate the management of their rental real estate assets,” underline The echoes.
How can these difficulties be explained? Very flourishing since the end of the health crisis, with rates sometimes below 1% until the start of 2022, the real estate market has contracted sharply in recent months, with credit rates climbing up to 4.5 % on average. Result: rental investors, subject like other borrowers to the conditions of the High Financial Stability Sector (HCSF), in particular the rule of 35% debt ratio, find themselves excluded from real estate credit. A situation that both Masteos and Immocitaz are suffering head-on.
“The rental investment market in old properties has turned around at high speed. It has been divided by three in volume. Which box can withstand such a wave? » asked a connoisseur of the sector to the Echoes.
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