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Improved confidence in the resale market, says Property Partner

There was increased activity for the fourth consecutive month on Property Partner’s resale market, suggesting a positive change in sentiment amongst its investors.

For the second consecutive month, the volume of property shares traded has been over £1 million in value, while the total value of shares traded since launch in 2015 is now over £33 million in value.

According to the property crowdfunding platform, the prices that shares are trading at is also trending in an upwards direction, suggesting a better environment for those investors looking to sell.

What’s more, the Property Partner Market Index, which measured the value of all shares on the platform has increased by 4.13% since December 2018.

Robert Weaver, chief investment officer at Property Partner, commented: “The three main ways we measure the performance of our resale market are volume traded, price index and trading discount to latest valuation.”

“All of these metrics have been steadily improving and investors can now on average exit their investment at about a 6% discount to latest valuation, down from circa 8% late last year.”

He added: “For an historically illiquid asset class we think it’s impressive, but will keep pushing to improve it.”

Property Partner now manages over 1,000 tenanted units valued at over £135 million and is the only property crowdfunding platform in the UK to have been granted a multilateral trading facility (MTF) licence issued by the Financial Conduct Authority (FCA) under the EU’s MiFID II regulations.

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