PEER-TO-PEER property platform Propio has lowered its minimum investment to £250 to widen its customer base.
The platform’s threshold was previously £1,000 but it said that was too high for some young professionals.
Those in the 25-35 age range may not have significant savings and need help to get on the housing ladder, according to Propio.
The firm, which is regulated by the Financial Conduct Authority, has attracted £6.5m of investment for 12 residential developments since its launch.
“We hope that by reducing our minimum investment to just £250, we can give more people the chance to access the benefits of property investing,” said Tom Buttress, co-founder and managing director at Propio.
“Propio is allowing Generation Rent the opportunity to get on the property ladder whilst putting aside some money towards their dream home.”
Propio, which was launched in June by London property developer Fruition Properties, offers both debt and equity investments on its platform.
It connects individual investors with development finance opportunities across the UK. Annual returns on debt investment start at six per cent, while returns on equity investments go up to 15 per cent, Propio said.
Users can allocate money to specific projects or to a selection of pooled bonds that invest in multiple opportunities.