propertyindex.com Sets Up Own Foreign Currency Trading Team

The UK-based portal specialising in overseas property, propertyindex.com, is inching closer to its desire to be a one-stop solution for anyone looking to buy, sell, rent or let property anywhere in the world.

The company has announced it will be trading its own foreign currency leads with the launch of Currency Index. A press release says that the move has been “prompted by the poor deals often offered by established currency brokers”.

Agents and developers sign up to advertise on propertyindex.com on a cost per lead basis (the website is also backed by a multi-million pound investment fund). Since its launch in September 2007 propertyindex.com has grown to include listings from over 900 agents and developers, with 150,000 properties for sale and rent across 4,000 destinations worldwide.

In addition to trading the foreign currency leads generated by propertyindex.com visitors, Currency Index will also be launching a market-leading referral scheme.

Agents and developers will receive a share of the profits resulting from any introductions they make to Currency Index, plus £10 for every currency referral lead (subject, of course, to terms and conditions).

Lee Bramzell, the managing director of propertyindex.com, said: “propertyindex.com generates hundreds of foreign currency leads every month which a brokerage firm would typically only pay about £2.50 to £3 for. Not only will we be offering our clients a better deal through our generous commission structure, but we will also be providing an advance on this commission through our cost per lead proposition. This is fantastic news for agents and developers because, like us, it means they’ll no longer have to settle for a poor deal on foreign currency referrals.”

Currency Index will be run by a team of senior professionals from one of the UK’s market-leading foreign currency brokers.

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