Property Partner to buy houses in bulk in the slowing market

January 23, 2019

Property Partner has announced plans to start a fund that will take hop onto the slowing market by purchasing homes that aren't selling.

In a sign of the times, crowdfunding platform Property Partner has unveiled plans to launch a fund that will take advantage of the slowing market by purchasing homes that aren’t selling.

The crowdfunding platform will buy houses that have been up for sale for a long time at discount and then sell the homes for profit, at full value, at the end of 18 months.

The proptech firm will work with a range of estate agents and its own network to identify properties that can be purchased at a discount by The Opportunistic Fund and will then be improved and rented out to pay interest to investors before eventually being sold at full market price.

The fund will look for properties particularly where home owners are struggling to sell, including auction lots and those in receivership.

It will purchase homes valued between £500,000 and £2m, which it says is too large for most amateur investors.

Investors will earn 10% a year for backing the fund.

The fund is looking to raise a minimum of £1m and at least £2m, and said it expects the money to be spent within three to six months once it has been raised, while anything not used will be returned to investors.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, Mar 19-21

January 23, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Ten Questions with Nodalview
Ten Questions with Thomas Lepelaars, CEO at Nodalview

What percentage of home-seekers would prefer to view a property remotely before seeing it in person? How many more clicks...

Read More
fangdd pretty 1
FangDD Regains Nasdaq Compliance Once Again

Fangdd Network Group Ltd. announced restoration of compliance with the minimum closing bid price requirement for continued listing on the...

Read More
UrbanAptsdotAU 2
Urban.com.au to Rebrand as Apartments.com.au After Acquisition

Urban.com.au has acquired Apartments.com.au in a combined cash-and-equity deal. Urban confirmed it will rebrand to Apartments.com.au in light of the...

Read More
Product Update July4 3
Product and Services Roundup: Cian, DomClick, Kleinanzeigen, Rightmove, iMyanmarHouse

We'll kick off this week's Product and Services Roundup with some nifty tools coming out of two Russian portals...  ...

Read More

Editor's Pick