London House Exchange (formerly Property Partner) is one of the better-known real estate crowdfunding platforms in the UK. The platform was founded in 2014 with the promise of giving investors the opportunity to enter the UK property arena with an investment of just £1,000.
With property prices – at least in the case of London, much heftier than much of mainland Europe, it was touted as ideal to invest into UK real estate without breaking the bank. London is also where the super-rich all clamor to buy some real estate, and I would argue it’s the most prestigious real estate market in Europe.
After more than GBP 60,000 invested over the years, I can tell you that this is one of the worst platforms I’ve ever used in terms of returns. While it continues operating, you should stay away from investing in any of its properties. The team has been courteous and professional in its replies and updates, however, has proven to be incompetent at the main task of investing our money profitably.
Property Partner Alternatives
If you want to invest in other markets in Europe here are some other platforms to check out:
- Raizers (France, Belgium, Switzerland) – read my review
- Fintown (Czech Republic) – read my Fintown review
If you want to diversify your investments across more asset classes, you might want to check out P2P lending platforms like Mintos and Peerberry.
The Verdict?
Stay away, you are likely to lose money if you invest in London House Exchange.
Summary
London House Exchange (formerly Property Partner) delivered terrible returns despite over GBP 60,000 invested. The team proved incompetent at generating profits for investors.
Pros
- Low minimum investment of GBP 1,000
- Professional and courteous team communication
Cons
- Terrible investment returns over multiple years
- Management incompetent at investing profitably
- Likely to lose money as an investor
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