Propio.com, a new online platform that allows people to directly invest in residential property developments with just £1,000, was launched for the Asian community at last month’s Finance, Banking, Insurance ( FBI ) Magazine event in Westminster. The platform, which is a venture from the team behind award-winning Housebuilder Fruition Properties and Pivot – a specialist property lender – aims to democratise the property investment market and let everyday investors access the sort of opportunities that, until now, have only been available to the financial elite. Pivot, also provided an overview of their lending products – short term residential, commercial and development loans from £150k to £5m.
Speaking at the event, co-founder Mani Khiroya explained, “by connecting more everyday investors to SME property developers, Propio can provide investors with a better overall investment portfolio and at the same time help to address the housing issues faced by the UK.” The firm has already received more than £5.5M in investment since the start of the year and hopes to attract everyone from high net worth investors to dissatisfied buy-to-let landlords and tech-savvy millennials. While Generation Y may be priced out of the property ladder, the low £1,000 investment threshold could make property development a worthwhile venture for someone comfortable with the risk who wants returns up to ten times higher than a typical cash ISA.
For more information on investing visit www.propio.com.
