International property portal launches
Property Connect International has been launched to help potential overseas property owners source their new home.
Founded by Nakhil Mahra it already has over 3,000 properties listed across the three main overseas property hot spots of France, Spain and Portugal.
Mahra said: “My background is in FX and therefore I have first-hand experience of the rise in the number of UK citizens who have been sending funds abroad to purchase their dream holiday home.
“It is estimated that 10% of people in the UK now own some sort of second property and an increasingly large proportion of these have been purchased abroad as holiday homes.
“This is initially a soft launch due to the current COVID-19 situation and we are using this time to get real estate agents to list with us while also building our network of professionals who can help support our site visitors so that we can help deliver a bespoke and comprehensive buying service.”
Property Connect International will be offering access to a broker who specialises in overseas mortgages but will be linking up with UK authorised and regulated firm London Money for any UK based mortgage enquiries.
Martin Stewart, director of London Money, said: “I have been speaking with Nakhil throughout the lockdown and working on ways to help his business using our experience and contacts in the UK market.
“I know PCI have some aggressive expansion plans and it is great to see new initiatives launching during a hostile economic
“In due course, the Money Group will be looking to support any large volume of enquiries that may arise across the country. I think post-COVID-19 we will see a huge increase in flexible working which may encourage more people to find a better work life balance – many people have now realised you don’t need a physical office to be in business, all you need is an internet connection.”