Property investment franchise Platinum Property Partners have announced yet another success of their franchise model. The PPP franchise now has 1000 rooms being rented out across their network of 55 towns and cities in the UK.
The news comes as no surprise given the 2010 key performance indicators for the company have shown ROI yields are 16%, a 1.5% increase from last year. The increase indicates franchisees are receiving even higher levels of returns than originally expected.
The growing population coupled with a severe lack of new build homes and the already high demand for rental accommodation is only set to increase.This is great news for buy to let investors including PPP franchisees. It has been widely reported recently that buy to let investors are driving the housing market, as well as being favoured by lenders over first time buyers, offering a better prospect to risk adverse lenders. Steve Bolton, Founding Partner of Platinum Partners, said: “Our continued success demonstrates the strength of the PPP business model.”