The peer-to-peer real estate investment market is set to hit £376.6m in size by the end of the year, according to research by easyMoney.
The global peer-to-peer market was found to be worth $133.47bn (£103.17), an increase of 26.3% in the past year, and 59.3% since 2021.
In the UK, the sector sat at an estimated market size of £21.8m in 2013, and has grown each year, to a current level of £370.7m in 2022, an increase of 1,600%.
This is set to increase by another 1.6% in 2023.
The average returns offered by 18 major peer-to-peer lending platforms increased by 0.27% over the past 10 months.
Only six platforms saw the average return offered fall during this time, with four remaining static and eight providing investors with an increase.
Jason Ferrando, CEO of easyMoney,said: “Much has been made about the peer-to-peer sector’s meteoric rate of growth and what this means for investors when it comes to the return on their investment, with some forecasting a reduction in returns as a result of wider sector expansion.
“However, we’re yet to see this materialise and easyMoney, like many other platforms, has actually increased our returns for investors.
“We aren’t reliant on bank loans or client profit margins, we are profitable, having doubled EBITDA for the last three years.
“We don’t anticipate that the continued prosperity of the sector will change this fact over the foreseeable future and we look forward to rewarding our investors further, as we benefit from the growing popularity of the peer-to-peer sector and demand for peer-to-peer platforms.”
