Reental vs Crowpire (formerly Housers): Comparison and Risks (2026)

Short answer. Crowpire is the new name of Housers and is still entered in the CNMV register (no. 13). Today it offers loans to developers secured by a mortgage, whereas Reental offers tokenised stakes under a different legal framework, which is not that of a crowdfunding platform. According to elDiario.es and ASUFIN, hundreds of Housers investors have not recovered their money, and according to CrowdIndex there were no open projects on 2 September 2026. Neither platform guarantees your capital.

Platform data reviewed on 3 November 2026. Reental figures as of 4 November 2026, provided by the company. Reental is one of the two parties compared and therefore an interested party. To offset that, every figure carries its source and date, Crowpire's incidents are attributed to whoever published them (we do not assert them ourselves), and we say what we could not check. This page keeps the address under which it was published when the platform was still called Housers.

What is Crowpire (formerly Housers)?

Crowpire, S.L. is a Spanish real estate crowdfunding platform that operated as Housers until 2026. According to Observatorio Inmobiliario (11 February 2026), it adopted the Crowpire brand with new management and a different shareholder base, with Juan Guruceta as managing director. CrowdIndex (page updated on 2 September 2026) says the change of name was entered on 22 December 2025 and that it is the same entity, with the same registration number.

It appears as no. 13 in the CNMV register of crowdfunding service providers (checked on 3 November 2026), registered on 10 November 2023 under Regulation (EU) 2020/1503. Before that, according to CrowdIndex and Ladrillo Colectivo, it was registered as a crowdfunding platform under no. 20 from 2 June 2017.

On the product, Observatorio Inmobiliario and elDiario.es place its current offer in loans to developers secured by a mortgage. CrowdIndex notes that it previously offered equity stakes (2015 to 2017) and participating loans (2017 to 2019). The address housers.com redirects to crowpire.com, but we could not read its content when we reviewed it (it only shows the title "La inversión en comunidad"). The minimum, fees and project status therefore come from the press and from CrowdIndex, not from the platform's own website.

Reental vs Crowpire, point by point

Crowpire lends to developers against a mortgage. Reental distributes income from tokenised property projects. The table sets out what is on record for each, with source and date. Returns and scale are not measured the same way, so we do not subtract one from the other.

What the press and associations have published about Crowpire

What follows is information from third parties, with its date. We do not assert it ourselves, Crowpire may have a different version and, because we could not read its website, we do not include that version. If you decide to invest, read the sources in the original.

Affected investors. On 16 September 2026, elDiario.es reported hundreds of Housers investors who had not recovered their money and more than a thousand negative reviews. Two days later, ASUFIN said the affected investors number in the hundreds, that being listed as a regulated platform does not guarantee the investment, and that a change of name does not extinguish the contracts.

CNMV sanctions. According to elDiario.es, the CNMV fined Housers €215,000 in 2019, in three sanctions. Idealista reported in 2021 another of €130,000 for breaching neutrality principles and conflict-of-interest rules. According to CrowdIndex and Ladrillo Colectivo, the Audiencia Nacional annulled that last one in 2024. We have not been able to consult the ruling, so we give the annulment as third-party information.

Capital raised and returned. Figures vary by source. The company speaks of about €150 million channelled and more than €72 million returned (Observatorio Inmobiliario, February 2026), and CrowdIndex of about €148.6 million since 2015, of which about €29 million since 2023. We do not give other press figures on capital returned because they do not reconcile with each other.

Recent activity. On 2 September 2026 CrowdIndex counted 77 funded projects, 54 closed and 2 unfunded, and none open or upcoming. That snapshot may have changed: check Crowpire's website.

Returns: advertised, published and calculated by third parties

There are three different figures for the return at Housers and Crowpire. elDiario.es says interest of 10% to 13% or more was advertised and that the actual gain was lower. The platform itself gives an average of 7% a year (Observatorio Inmobiliario, February 2026). CrowdIndex calculates an IRR of 7.45% (September 2026). They are different measures from different sources, and we have not been able to reconstruct them.

The average historical IRR of 16.5% that Reental declares cannot be compared directly with any of those figures either. Reental has not specified what it includes or whether it is gross or net, and Crowpire's figures relate to mortgage-secured loans, not tokenised stakes. In addition, averages over completed projects leave out those that have not yet returned the capital, so they tend to look better than the experience of the whole portfolio. That is why we do not subtract one figure from the other.

Terms and liquidity: when you get your money back

With Crowpire you get your capital back when the developer repays the loan. According to CrowdIndex, the actual average term was 18 months against 12 planned. There is a rights-transfer mechanism for leaving early, but its volume was €2,084 in 2023 and €0 in 2024, 2025 and 2026, according to the same source. In practice, assume your money is tied up until the developer pays.

With Reental, the exit is a direct sale to another user on the platform, according to its FAQ. There is no guarantee of a buyer, a price or a timeframe. The website advertises 24-hour selling on a P2P market, but on 3 November 2026 the "P2P Marketplace" link in the menu did not lead to any page. For both, liquidity is a limitation, not a strength.

What Reental offers, with data as of 4 November 2026

According to the data Reental provides, the minimum investment is €100 (1 token = €100) and the average historical IRR is 16.5%. It has tokenised a cumulative €106.9 million (approx. $124 million) across 128 projects. Of these, 77 are live and total about €87 million (approx. $101 million): 50 operating, 20 in refurbishment, 6 under construction and 1 in funding (Miami 7, with $1.19 million of $2 million, 59.7%). The other 51 are closed and total about €19.9 million. Reental states that it has no public incidents. These are company figures, not audited by third parties.

The legal framework differs from Crowpire's. Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. Keep this difference in mind before comparing figures.

The risks of each

With Crowpire, the risks the sources point to are late payment or default by the developer, uncertainty over what the mortgage security covers, an actual term longer than planned, the lack of an exit before maturity, and the difficulty of checking current terms, because the website could not be read by our tool. A CNMV registration number does not remove those risks, and ASUFIN says so explicitly.

With Reental, the outcome depends on the specific project (a US property or a participating loan in Spain), on a buyer being available if you want to leave early, and on the fact that payments in USDT depend on that digital asset. On top of this, investors do not have the specific safeguards of the European crowdfunding regime, as the legal text above sets out. No public guarantee covers capital at either platform.

What to check before investing in Crowpire or any platform

Look at the CNMV register and confirm that the entity and number match those on its website. Ask in writing for the current minimum and fee terms, because the sources we reviewed do not agree. Check how many projects are open and when the last one was published. Ask how the platform defines arrears and whether it publishes them. Read the key investment information sheet for each project, which must state that the capital is not covered by a guarantee fund. And read press reports at the source. You will find more criteria in our guide to the best real estate crowdfunding platforms.

Which investor each platform suits

Neither wins on every point, and this is not a personal recommendation. Crowpire only suits someone who, after reading the sources cited, accepts developer risk, terms that may stretch and a very limited exit, and who checks that there are open projects and current terms. Reental suits someone looking for a tokenised stake from €100, with monthly payments in USDT, who accepts that its legal framework is not that of a crowdfunding platform, that liquidity depends on another user buying, and that its average historical IRR is not comparable with the return on a loan.

If you would rather compare against crowdfunding platforms that currently publish their arrears or per-project returns, see Reental vs Civislend and Reental vs Urbanitae. Both can sit in the same portfolio, each with an amount you are prepared to lose entirely.

Frequently asked questions

Are Housers and Crowpire the same platform?

Yes, according to CrowdIndex: the change of name was entered on 22 December 2025 and it is the same entity, with the same CNMV registration number (no. 13). Observatorio Inmobiliario dates the relaunch under the Crowpire brand to February 2026, with new management and a different shareholder base.

What is the difference between Reental and Crowpire?

Crowpire currently offers loans to developers secured by a mortgage, from €300 per project. Reental offers tokenised stakes in property projects from €100, with monthly payments in USDT and direct sale to another user on the platform. Crowpire is entered in the CNMV crowdfunding register (no. 13). Reental does not appear in that register.

Is Crowpire reliable?

It is entered in the CNMV crowdfunding register as no. 13, but it has public incidents attributed to third parties: elDiario.es reported on 16 September 2026 hundreds of investors who had not recovered their money, ASUFIN said on 18 September that the affected investors number in the hundreds, and the CNMV fined it €215,000 in 2019 (according to elDiario.es) and €130,000 in 2021, a fine annulled in 2024 according to CrowdIndex and Ladrillo Colectivo. Check these sources before deciding.

What return does Crowpire offer?

The platform gives an average of 7% a year according to Observatorio Inmobiliario (February 2026), and CrowdIndex calculates an IRR of 7.45% (September 2026). elDiario.es notes that interest of 10% to 13% or more was advertised and that the actual gain was lower. The average historical IRR of 16.5% that Reental declares is of a different nature and is not directly comparable.

What is the minimum investment at Reental and at Crowpire?

At Reental, €100 (1 token = €100), according to the company as of 4 November 2026. At Crowpire, €300 per project according to elDiario.es and CrowdIndex (September 2026); it started at €50.

What fees does Crowpire charge investors?

The sources do not agree. elDiario.es cites contract terms of up to 6% at the start, €100 per late-payment notice and €2,000 for a restructuring. CrowdIndex lists €2.50 a month on inactive balances, up to 10% on formalisation and up to 20% of amounts recovered. They must be checked against the current terms, which we could not read on its website.

Does Crowpire have open projects now?

We do not know as of today. According to CrowdIndex, on 2 September 2026 there were no open or upcoming projects, with 77 funded, 54 closed and 2 unfunded. Check its website before deciding.

Can I sell my investment before maturity at Crowpire or Reental?

At Crowpire there is a rights-transfer mechanism, but according to CrowdIndex it moved €2,084 in 2023 and €0 in 2024, 2025 and 2026. At Reental you can sell to another user on the platform, but a buyer, a price and a timeframe are not guaranteed, and its risk warning mentions the lack of liquidity.

Is Reental authorised by the CNMV like Crowpire?

Not in the same way. Crowpire is entered in the CNMV crowdfunding register as no. 13. Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor.

Risk warning

Investing in real estate loans or stakes can mean the total or partial loss of your capital, lack of liquidity and not obtaining the expected return. Past returns do not guarantee future ones. Neither Crowpire nor Reental offers a capital guarantee, and this page is not financial, tax or legal advice: consult a professional before investing. Reental is one of the parties compared in this text. Reental's figures are data provided by the company (4 November 2026); third-party figures come from the press, associations or analysts and are attributed to their source, and are subject to change. The Crowpire incidents described are third-party reports and not a judgement by this page.

Sources

• CNMV, crowdfunding register (2026-11-03): Crowpire no. 13, 10/11/2023; Reental does not appear
• Observatorio Inmobiliario, Housers adopta la marca Crowpire (2026-02-11): Rebrand, new management and shareholders, 7% average, about €150 million and 456 projects (company data), mortgage-secured loans
• CrowdIndex, Housers/Crowpire profile (2026-09-02): Name change entered on 22-12-2025, IRR 7.45%, calculated arrears of 13.25%, actual term of 18 months, secondary market, open projects, €148.6 million, fees, historical product
• elDiario.es, investigation into Housers (2026-09-16): Hundreds of investors who had not recovered their money, more than a thousand negative reviews, €300 minimum, contract fees, €215,000 of sanctions in 2019, advertised interest of 10-13%
• ASUFIN, Housers affected investors (2026-09-18): Affected investors in the hundreds; being listed as a regulated platform does not guarantee the investment; a change of name does not extinguish contracts
• idealista news, CNMV sanction on Housers (2021): €130,000 sanction for neutrality and conflicts of interest
• Ladrillo Colectivo, CNMV sanctions (2023-2024): €130,000 sanction and its annulment in 2024; previous registration
• Crowpire (formerly Housers), website (2026-11-03): Content not readable in our review (only the title "La inversión en comunidad")
• Reental, FAQ (2026-11-03): Structure, sale to another user, KYC
• Reental, projects (2026-11-03): Estimated returns per project
• Reental, home (2026-11-03): Monthly payments in USDT
• Reental, data provided by the company (2026-11-04): Minimum €100, average historical IRR 16.5%, €106.9 million across 128 projects, 77 live, 51 closed, no public incidents declared