In a sign of the times, crowdfunding platform Property Partner has unveiled plans to launch a fund that will take advantage of the slowing market by purchasing homes that aren’t selling.

The intention is to sell the homes for profit, at full value, at the end of 18 months.

The proptech firm will work with a range of estate agents and its own network to identify properties that can be purchased at a discount by The Opportunistic Fund and will then be improved and rented out to pay interest to investors before eventually being sold at full market price.

The fund will look for properties particularly where home owners are struggling to sell, including auction lots and those in receivership.

It will purchase homes valued between £500,000 and £2m, which it says is too large for most amateur investors.

Investors will earn 10% a year for backing the fund.

The fund is looking to raise a minimum of £1m and at least £2m, and said it expects the money to be spent within three to six months once it has been raised, while anything not used will be returned to investors.

Investors will pay 3.5% plus VAT as a fee plus 1% plus VAT management fee.

Those investing £50,000 or more will share 80% of the net profits of the fund at the end of the 18-month term once all properties are sold and capital and profit has been returned to investors.

Anyone investing more than £50,000 will see their profit share boosted to 90%, while the rest goes back to the fund.

Robert Weaver, chief investment officer of Property Partner, said: “The Opportunistic Fund will enable Property Partner to move fast as a cash buyer on properties where vendors are highly motivated to sell.

“Very often these are receivership sales or properties where debt costs have extinguished developer returns.

“We are seeing more and more of these opportunities through our network as the market softens and demand from mainstream investors is increasingly constrained by the current climate of political and economic uncertainty.”