Brickowner, a property investment platform, has revamped with a new and improved offering for its investors. Launched in 2017, Brickowner says it wants to enable investments in minutes – not weeks.
The Proptech provides a full-stack service for developers, fund managers as well as property investors. Brickowner shares that its team carried out research on their 4000 platform investors, discovering a shift in investor expectations with more wanting simple online access to property investments to carry out due diligence, invest, track and manage.
The property Investment Platform aims to democratize property investment by giving property investors access to professionally managed investment opportunities starting from £500.
Fred Bristol, Brickowner co-founder and CEO said they have streamlined the complex property investment and onboarding process to help make funding more accessible.
“The launch of our new platform has further reduced the time to invest into a matter of minutes and broken down the barriers of onboarding investors,” said Bristol. “Brickowner’s solution serves two different groups, investors and property professionals, including developers and fund managers. The first problem we are solving is the very inaccessible, time consuming and expensive property investment process for investors. If you’re an investor in the UK right now you will be facing average house prices of £360,000 according to Rightmove’s latest figures and a lack of stock on the market. Then you have the legal and administrative expense of acquisition and management cost and time. As an asset class, property is notoriously clunky, expensive, and illiquid. We wanted to find a way to overcome these pitfalls and give access to professionally managed property investment opportunities.”
Bristol added that ongoing regulatory changes require more complete AML/KYC checks and the new platform facilitates this.
“In order to build technology that lasts we build it around our platform investors and property client’s needs. That way it stays relevant and allows us to continually improve our technology and solve a problem. We are very excited about our latest platform launch and the impact it will have on the market.”
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