Brickowner Launches Secondary Marketplace for Property Investments

Brickowner, a property funding platform, has launched a secondary marketplace for securities bought on their web site. Traders could now purchase and promote their securities for properties funded on the Brickowner platform. The London-based funding web site stated this brings liquidity to investments that originated on their platform. Shares listed on the secondary market are purchased and offered on-line at their authentic worth of £1 every.

Fred Bristol, Brickowner’s co-founder and CEO, commented:

“Traders have historically discovered it arduous to entry property investments due to the excessive minimal funding. With Brickowner, you possibly can put money into business and residential property for as little as £500. And with our secondary market, you possibly can listing these investments on the market earlier than the tip of the mounted time period to different customers and should buy into alternatives you might need beforehand missed.”

Bristol stated that the pandemic has accelerated the digital transformation of all forms of companies together with investing and the power to commerce property investments in your telephone or laptop computer is an instance of how their business is adapting to the modifications going down.

“We consider our secondary market places Brickowner on the forefront of that innovation.”

Investments on the Brickowner platform have a hard and fast time period and beforehand provided no liquidity. The secondary market will present a spot the place you possibly can listing shares in investments funded on the Brickowner platform on the market earlier than the tip of the funding time period in order that different Brickowner customers should buy them. Sellers pay a 2% transaction charge. There isn’t any transaction charge for consumers. Patrons are nonetheless required by HMRC to pay stamp obligation at 0.5% which will likely be deducted on the level of transaction.