LandlordInvest has processed £5,008,467.57 in secondary market gross sales because it launched the function in Could 2017.
The precise information, as of shut of play 13 April 2023, exhibits that 9,060 transactions had taken place in that point, which the lender hailed as underlining the sturdy liquidity of {the marketplace}.
Sale quantity was a mean of £552.81 with the best being £56,725 and lowest being the minimal allowed of £100.
Learn extra: LandlordInvest chief heralds new £50m pre-seed funding fund
Thus far 284 distinctive accounts have made a sale on the platform’s secondary market, whereas 375 distinctive accounts have made a purchase order.
In June 2020, LandlordInvest made it doable to optionally provide mortgage components on the market at a reduction in order that they may attempt to expedite a sale if required.
Nonetheless, demand is so excessive on the secondary market that for the reason that new function was made accessible solely 140 accomplished gross sales with a price of £53,847.57 have leveraged it.
This accounts for simply 4.3 per cent of the three,256 transactions for the reason that function was launched and solely 2.5 per cent of their £2,189,330.57 complete worth.
Learn extra: LandlordInvest CEO hails sturdy demand
A desk of transaction frequency distribution by month revealed that, whereas there was a small peak in transaction volumes in March, to 905, the busiest time was late summer time with a peak of 1,147 in August, falling to 1,001 in September after which 1,068 in October.
The numbers then fall sharply in November and December, to 551 and 420 respectively.
The slight surge in March is believed to have been right down to the approaching 12 months finish.
Learn extra: Crowd2Fund studies zero losses on reopened secondary market