Stage 0 · Demo
Everything simulated
This demonstration. Fictional homes, people and figures; no money, KYC or tokens.
Simulated today
Fractional ownership of property companies
Fund the return of Ireland’s vacant homes.
Rents are punishing and thousands of homes sit empty. Meithera lets ordinary people fund their refurbishment from €100 — with every euro, holder and payout recorded on Raya Chain and visible to the supervisor.
Property investments involve risk, including possible loss of capital. Returns are not guaranteed and investments may be illiquid.
Live on Raya Chain
block #12- Loan interest+1 in block #12€6.16Limerick City · 15 Oct 2026, 11:000xb2c0…1706
- Passport attestationLimerick City · 30 Sept 2026, 10:000x2d1b…20ea
- Loan interest+1 in block #10€6.16Limerick City · 15 Sept 2026, 11:000x4c36…f59a
root d7308c8c…8582Open explorer
Simulated in your browser — no network, no tokens.
- 4
- Vacant homes in the demo pipeline
- €28,250
- Simulated capital committed
- 4
- Pseudonymous holders on the register
- €156.98
- Interest & income paid (simulated)
Live from the demonstration store. All figures are illustrative and simulated.
The full vision
Five stages to the Internet of Value
Today everything is simulated. Stage 1 — secured lending through a licensed crowdfunding partner — is what we propose to launch first. Nothing beyond Stage 0 is live.
- 0You are here
- 1Proposed first launch
Stage 1 · LendingFund a vacant home’s refurbishment
Lend from €100, secured by a first legal charge, at fixed interest over 12–24 months, through a licensed crowdfunding partner.
Possible under ECSPR
- 2
Stage 2 · Rent shareNotes in the company that owns the home
One property company per home. Monthly rental income, an investor vote on sale and an ECSPR bulletin board for early exit.
Possible under ECSPR
- 3
Stage 3 · Tenant to ownerTenants buy in, step by step
The tenant buys shares in their home’s company over time. Rent falls as their share grows; investors are bought out.
Requires further authorisation
- 4
Stage 4 · Internet of ValueRaya Chain as the official register
Holdings move across chains with their compliance rules, payouts in a regulated euro stablecoin, settlement in central bank money.
Future — depends on EU reform
Illustrative opportunities
Vacant homes, ready for refurbishment
Four fictional projects in Dublin, Cork, Galway and Limerick: two Stage 1 secured loans and two Stage 2 rent shares. None has been acquired and none is an offer.
Stage 2 · Rent shareOpen (simulated)
Dublin 8 · Co. Dublin
Two-bedroom residential
6.21%
Property net yield*
€4.68
per €1,000 / month
after fees, before tax
- Total project cost
- €290,000
- Holding period
- 7 years
- Distributions
- Monthly
- Energy rating
- Target B1
Simulated funding62%
Illustrative demonstration property — not an investment offer. *Property-level yield before fees and investor-level taxes; not an investor return.
View property detailsStage 1 · Secured loanOpen (simulated)
Cork City · Co. Cork
Vacant terraced house
7.50%
Fixed interest p.a.
€5.75
per €1,000 / month
after fees, before tax
- Loan facility
- €162,000
- Term
- 18 months
- Loan-to-value
- ≤ 62%
- Security
- First legal charge
Simulated funding38%
Illustrative demonstration property — not an investment offer. Interest is illustrative and not guaranteed.
View loan details
Stage 2 · Rent shareComing soon
Galway City · Co. Galway
Residential apartment
5.90%
Property net yield*
€4.44
per €1,000 / month
after fees, before tax
- Total project cost
- €310,000
- Holding period
- 5 years
- Distributions
- Monthly
- Energy rating
- Target B2
Simulated funding0%
Illustrative demonstration property — not an investment offer. *Property-level yield before fees and investor-level taxes; not an investor return.
View property detailsHow Meithera works
Four steps, each one transparent
A proposed journey from discovery to reporting. In this demonstration every step is simulated.
- 01
Explore
Browse illustrative vacant-home projects with full cost, rent and risk breakdowns.
- 02
Onboard
Complete (simulated) identity, AML, knowledge-test and loss-bearing steps first.
- 03
Participate
Simulate from €100 — a secured loan (Stage 1) or notes in the property company (Stage 2).
- 04
Track
Follow monthly interest or rent, documents and milestones — each payout on Raya Chain.
Gross to net, every time
What €1,000 could do — before investor-level taxes
Every opportunity walks from gross to net. The fees are the same everywhere: a 1.5% one-off acquisition fee and a 0.5% annual administration fee.
Property-level net operating yield (Dublin 8: 6.21%) is not your return. Fees reduce what an investor receives, and actual rent and costs may differ. Figures are illustrative and not guaranteed.
Dublin 8 · rent share
Stage 2 · Rent shareAmount entered€1,000.00
Acquisition fee (1.5%)−€15.00
Net invested in the company€985.00
Share of gross rent€81.52
Share of operating costs−€20.38
Share of net operating income€61.14
Administration fee (0.5% p.a.)−€4.93
Illustrative annual income€56.21
≈ €4.68 a month, paid monthly
Cork City · secured loan
Stage 1 · LendingAmount entered€1,000.00
Acquisition fee (1.5%)−€15.00
Net lent€985.00
Interest at 7.5% p.a.€73.88
Administration fee (0.5% p.a.)−€4.93
Term18 months
Principal returned at maturity€985.00
Illustrative annual interest€68.95
≈ €5.75 a month · €103.43 over the term
Why Irish property?
The case — and the caveats.
We present both sides. Property can provide income, but it is illiquid, can lose value and returns are never guaranteed.
01
Persistent demand
Ireland’s rental market has seen sustained demand relative to supply.
02
Under-used stock
Vacant and derelict homes could return to use with refurbishment finance.
03
Income-focused
Residential property can generate income — though rent can fall and homes can sit empty.
04
Real assets, real risks
Values can fall, works can overrun and your money may be tied up for years.
Supporting Ireland’s housing future
Finance aimed at bringing homes back into use
The goals below describe what the proposed model is designed to support. They are projections, not achieved results.
Restore vacant homes
Finance aimed at returning unused and derelict properties to residential use.
Accessible participation
Fund new supply from €100 without buying a whole property.
Transparent reporting
Costs, risks, projected income and performance — gross to net, every time.
Raya Chain · recordkeeping
Built for investor protection from the first line of code
A token records the holding — it is not legal title. Raya Chain mirrors the register today and could become the official register only at Stage 4.
Stage 0 · Demo· Simulated todayStage 4 · Internet of Value· Future — depends on EU reform
Identity-first onboarding
Verification by an authorised partner before any participation. Simulated here.
One master record
Raya Chain mirrors the SPV register. Other chains get proofs (Merkle roots), not copies.
Compliance travels with the asset
Verified-wallet allowlist, lock-ups, freeze and court-ordered correction built in.
Tamper-evident audit
Every material action is hash-chained, and the supervisor can verify the chain.
Frequently asked questions
Plain answers
Can I invest real money on Meithera today?
No. Meithera is a demonstration platform. No real investments are available, no money can be transferred, and no securities or tokens are issued. Every property and figure is fictional and illustrative.
Is Meithera regulated by the Central Bank of Ireland?
No. Meithera (a proposed platform by Raya Software Limited) is not authorised or regulated by the Central Bank of Ireland, and the Central Bank has not approved or endorsed the platform. We are engaging with the Innovation Hub, which gives informal guidance only, to discuss the appropriate regulatory pathway.
Would I own part of the house?
No. Each home would be held by its own property company (an SPV). You would hold a loan participation (Stage 1) or notes in that company (Stage 2) that carry economic rights. Legal title stays with the company. The final rights depend on the instrument and structure, which remain subject to legal and regulatory review.
What is the difference between a secured loan and a rent share?
A Stage 1 secured loan pays fixed interest monthly for 12–24 months and is secured by a first legal charge over the home; you do not share in any rise in value. A Stage 2 rent share gives you notes in the company that owns the home, paying a monthly share of net rent over a longer hold, with a vote on selling at the end.
What fees would I pay?
Two, the same on every opportunity: a 1.5% one-off acquisition fee deducted from the amount you enter, and a 0.5% annual administration fee on the amount net invested or lent. Every figure on the site is shown after both fees and before investor-level taxes.
Register interest
Follow Meithera’s progress
Tell us which group you belong to. This demonstration form does not send or store anything.