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TODAY'S OTHER NEWS

Investor-to-investor agency claims strong quarter despite market woe

Yieldit, an online agency that specialises in selling investment houses and apartments with tenants in situ, is claiming a strong quarter since its rebrand in June. 

The company announced that demand from investors has resulted in its portfolio of available properties growing by almost a third in the first three months of trading as Yieldit. 

The rise in new properties listed has been on a steady increase month on month since June, with a 69.4 per cent increase in new listings made per month from June to August.

Yieldit, which specialises in investor to investor sales of buy to let property, has taken on over £24m worth of property in its first quarter.

It also claims that 70 per cent of the new listings made since June selling within a month of being advertised, while 28 per cent had sales agreed within seven days.

Head of sales Ryan Hughes says: “The demand that we’ve seen from investors both looking to buy and sell their buy to let investments shows a healthy level of fluidity in the current market. It’s encouraging that we are seeing a good balance between new listings and sales as this keeps our stock of available properties fresh and indicates strong confidence from investors in the state of the current buy-to-let sector.”

The operation, previously known as Intus Residential, is based in Manchester and is led by the same team as UK property investment consultancy Knight Knox.

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