A new source of revenue for estate agents

Richard Jacques, the former Lettings Director at Purplebricks, was on a roll on the day I went to meet him at a flexible workspace near Oxford Street. Richard was in full swing, launching his investment platform Investerge on that same day with several colleagues in tow – explaining how his new venture will, it is claimed, revolutionise the property investment market. Platforms like his are not usually of much interest to estate agents; they cream off some investors from the auction market and others from new build sales but, while some agents are more than happy to help clients build up portfolios, in most areas it’s a relatively niche part of the market. A new source of revenue for estate agencies However, the reason we’re here is that Investerge claims to be a new a source of revenue for agents in today’s more challenging times. Jacques says that Investerge will create a level playing field for investors and claims it’s already initiated property deals worth ‘multi millions of pounds’. We provide agents with a way to work on their own database of clients for whom they may not have properties today. Jacques says his platform will introduce investors to properties…