We will be releasing our next quarterly portfolio performance update on 29 July 2022 (reporting on the calendar quarter ending 30 June 2022). In the meantime, we have a number of significant positive developments to report:
Resale market milestone
We have reached a major milestone of £50m traded on the Resale Market. This was not possible until we launched our exchange and Property Partner remains unique in offering liquidity in this traditionally illiquid asset class. The Resale Market continues to offer attractive opportunities for investors, with dividends of over 7% and capital discounts of over 20% at the time of writing.
Development loan repayment
We have successfully repaid two development loans. Bickley Road, Leyton was repaid in full, achieving a total return of 26.1% (after all fees), equivalent to an interest rate of 9.25% p.a. Jubilee Street, Whitechapel was repaid in full, achieving a total return of 24.3% (after all fees), equivalent to an interest rate of 10% p.a.
Increasing activity, valuations & trading prices
We are seeing exceptionally high levels of activity across our portfolio at present. PPX (our index of trading prices for all properties on the platform) is up over 9% since 31 March, from 80.0 to 87.7. And as mentioned in our last quarterly portfolio performance, client investment valuations increased by 9.6% and dividend distributions increased by 8.1%.
Recent completed sales & activity
We have achieved some significant returns on discretionary unit sales and 5-year anniversary sales of late, as shown in our selling record. We currently have over 40 units under offer and a further 20+ being marketed for sale. Moreover, following 4 successful block listings in June, we are keeping all of these 5-year exit properties on the platform.
We hope you find this update useful. If you have any questions on any of the above, please do not hesitate to get in touch.
Capital at risk. The value of your investment can go down as well as up. The Financial Services Compensation Scheme (FSCS) protects the cash held in your Property Partner account, however, the investments that you make through Property Partner are not protected by the FSCS in the event that you do not receive back the amount that you have invested.
The performance information (including any expression of opinion or forecast) reflects the most up-to-date data at the time of production; publication is made in good faith on the basis of publicly available information or on sources believed by Property Partner to be reliable.
Past performance and / or forecasts (if stated) are not a reliable indicator of future performance. Interest and capital returned may be lower than expected. Gross rent, dividends, and capital growth may be lower than estimated. Exiting your investments (on the resale market, via the 5-year anniversary process or according to targeted strategies) is subject to price and demand. Property Partner does not provide tax or investment advice and any general information is provided to help you make your own informed decisions. Customers are advised to obtain appropriate tax or investment advice where necessary. Financial promotion by London House Exchange Limited (No. 8820870); authorised and regulated by the Financial Conduct Authority (No. 613499). See Key Risks for further information.