CROSS-BORDER European peer-to-peer property lender EstateGuru has launched its secondary market.
The Estonia-based platform, which lends to borrowers based in Baltic countries as well as Finland, said this will create more liquidity for investors.
All users can access the secondary market but a two per cent service fee for sellers will be applied on transactions.
Mihkel Stamm, chief operating officer of EstateGuru, said this is just one of a variety of new features to be introduced on the platform.
“Although EstateGuru loans are short-term in nature, having an average historical term of 10.4 months, the option to sell their investments at any time is definitely an important add-on and consideration for every investor building their investment strategies,” Stamm said.
“Having a wider variety of loans on the platform makes it possible for new investors to build diversified investment portfolios right away.
“Research conducted by EstateGuru among its 27 000 investors in July this year showed that liquidity is one of the major motivators that would generate raised investment volumes.
“EstateGuru’s team continue collecting feedback and ideas from our users in order to be customer-centric and user-friendly fully.”