Proptee is a fractional real estate exchange designed for your
smartphone. It works the same way as Robinhood or Coinbase,
except that you place orders to buy & sell virtual tokens
that are associated with real rental properties and not publicly
listed companies.
You can use Proptee to buy fractions associated with EU, USA and
UK residential real estate, development loans and even Metaverse
coins. Proptee lists (IPO) one new real estate every week to
give you plenty of options to diversify your portfolio.
Proptee does not have a minimum investment amount. You can
invest as much as you want.
We charge a small commission of 0.5% for both
buying and selling fractions. Your first €1,000 is completely
free – we don't charge any fees on the first €1,000 you
invest. In the future, we plan to offer Proptee Premium, a
subscription service with extra features for active
investors.
At the moment, you can deposit funds in EUR, GBP to your Proptee
account via Instant Bank Transfer, buy gift cards via Card
Payment & Apple Pay or use USDC cryptocurrency on Polygon to
send funds. As soon as we receive the funds, your Proptee
account will be credited and you can start investing.
Withdrawing money or cashing out is the same simple process as
topping up. We validate your request within 24 hours and
transfer the funds to your bank account or crypto wallet.
Proptee is a licensed virtual currency exchange and wallet
operator registered with the Financial Crime Investigation
Service in Lithuania.
We store the vast majority of your digital assets in secure,
offline storage.
Your sensitive personal information is fully encrypted and
stored securely.
Proptee is similar to property funds and crowdfunding in that it
only enables fully vetted investments to be listed on the
exchange.
Proptee is rethinking the way property investment works. Using
blockchain technology, we can automate the entire real estate
investing process from start to finish. No more hidden costs
from lawyers, banks or the government. In addition, we cut out
the fat that makes property investing costly — legacy
technology, hundreds of bank locations, and paper-based market
information. As a result, we radically reduced costs.
The story of Proptee begins almost half a decade ago at
Southampton University, where the two co-founders Alexandru
Rosianu and Benedek Toth met at a hackathon event. After
spending a lot of time together brainstorming about ideas and
building small projects, Alex started working for a
commission-free brokerage while Ben was building PSD2-compliant
apps at a bank.
As they were both interested in
property investing, Ben and Alex tried to put their cash and
heads together to buy their first buy-to-let property. This was
the moment when they realised how inefficient and unclear the
market was: finding a property, picking and applying for a
mortgage, paying stamp duty, conveyancing and property
management.
Using their experience and knowledge from
the banking and stock trading industries, they realised that
most of the steps could be automated. They knew they could build
a much more cost efficient and enjoyable way of property
investing. This was the start of Proptee.
Our team of experts hand-select properties that:
• are
located in high rental-demand areas
• ready to produce
income from the 1st day
They also inspect and
verify:
• the quality of the building (ongoing legal
procedures, utilities, upcoming repairs, etc.)
We're listing both residential and commercial rental
properties in the Proptee app. These can be either long-term or
holiday lets.
Central or upcoming location with great potential
New builds or recently refurbished
Tenanted for at least 3 months
Proptee is responsible for managing the entire investment
portfolio. We work with local agents to manage the properties on
behalf of Proptee. At the moment, we charge only a the small
management fee that our agents charge us. Typically, this is a
fee of 10% from the monthly rent.
To open an account with Proptee, you’ll need to pass our light
KYC checks to invest up to €1,000. Please check our list of
restricted locations
to see if you can apply.
Proptee uses a tiered KYC system, meaning the more you deposit
and trade the more check we have to do. For more information on
the our tiers, please
read this page.
Yes. Each individual property is fractionalized into either
10,000 or 100,000 fungible tokens, we call
Fractions.
We are offering Proptee API access to a selected group of users.
If you are interested, please email us at
hey@proptee.io.
We store 100% of real estate fractions offline in secure cold
storage facilities that are guarded and monitored 24/7.
Proptee places all the assets under the ownership of a separate
holding company. If the main company (Proptee Europe UAB) goes
out of business, the holding company will still hold your assets
and not be included in the bankruptcy. Then the holding company
will act according to its wind-down plan.
Yes, you can withdraw your fractions to your personal
cryptocurrency wallet.
All the data is fully encrypted on Proptee, including your
information submitted during the KYC process. We only store your
personal information for the amount of time it's
necessary.
Absolutely. When you decide to sell on Proptee, you should head
to our Listing page and fill
out our short form. This will give us enough information to
decide if we're interested. We'll get back to you
within 24h. Alternatively, you can just email us at
hey@proptee.io.
If we find your property a good match, we will get in touch with
you and manage each and every step of the selling process. This
means conducting due diligence and creating the Proptee
listing.
Yes, you can decide how much equity you wish to put up for sale.
Selling only a portion of your house works the same way as
selling an entire one. The only difference is that Proptee
investors will own a smaller piece in total of the real estate.
This works the same way as a private company being listed on the
London Stock Exchange, for example.
Following these 3 simple requirements should give you an initial
idea:
Central or upcoming location with great potential
New builds or recently refurbished
Tenanted for at least 3 months
If you are still not sure, please send us an email with your
address and property details and we’ll conduct a quick check on
it.
Proptee charges a flat fee of €990.
Assuming everything goes well, listing a property on Proptee
should take less than 7 days.