We have recently removed a number of properties that had been available to reserve on the exchange for some time. We have now changed the rules so that a property can only be available to reserve for 60 days - after that, if the vendor has not put the property to Offer, it will be removed.
Ever since our initial offering we have been working hard in the background to ensure that we have a sustainable supply of new, off-plan and already rented properties to meet the differing needs of our members. We have now secured properties from a range of different providers including several house builders - all with a reputation for quality.
To that end we are proud to announce that Persimmon Homes, the country's premier house builder, have entered into a test programme to supply a range of new and exciting properties available through Opromark. We start with 5 properties in an almost completed development in Haywards Heath - an interior shot from a show flat is shown here on the right.
Obviously, if you go to the Opromark site, you can see pictures of the development on there if you wish.
If you haven't heard of Opromark before, it's run along similar lines to Betfair, but for buying and selling property. You can buy shares in any property being sold on the exchange, for a minimum price of £1. You then get a share of any rental income, plus you can sell your shares on the exchange at any time in the future, hopefully for a good profit. And if the property is subsequently sold, the profits will be divided up among the shareholders.
Opromark is an interesting idea that hasn't really taken off as yet, but could do if the property market shrugs off its recent torpor and starts moving upward again. If you like the idea of investing in property but want to spread the risk by pooling your investment with others, it's got to be worth a look.
And yes, in case you're wondering, I am one of the 65 investors who last year bought a share of the original single-bedroom cottage in Leeds!
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