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% 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, a sign that whilst there are a large number of investors entering the market, there are also a quantity of landlords either exiting the market or deciding to restructure their portfolios.
As well as experiencing a surge in new instructions from investors looking to sell and advertising over 550 properties, yieldit has reported that its sales agreed have been equally impressive, with 70% of the new listings made since June selling within a month of being advertised, while 28% had sales agreed within seven days.
Head of Sales at yieldit, Ryan Hughes, said: ‘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.’
He added, ‘The new branding for yieldit has really helped to capture the attention of investors who for some time have been looking for a platform like ours for investor to investor sales. Our expertise in buy-to-let means we are perfectly placed to quickly and efficiently help landlords trade their property, eliminating the normal stresses that come with buying or selling investment property on the high-street.’
The rebrand of yieldit has resulted in year-on-year traffic to the website increasing by a massive 918% – an indication of the growing demand for specialist online agencies in the property sector.
yieldit, previously known as Intus Residential, is based in Manchester and is led by the same team as UK property investment consultancy Knight Knox who have over a decade of experience in the UK buy-to-let market.
