Sell and Go bolsters presence in Portuguese property market

The pioneering Portuguese valuations and quick sell property startup Sell and Go, has exceeded €10 million in acquisitions to strengthen its position in the Portuguese property market.

The startup that uses the iBuyer model from the Finsolutia Group Holdings has seen its operations grow 70% in the past year.

Since it was founded in 2020, Sell and Go has stood out in the Portuguese real estate market for its agility and transparency with which it conducts acquisition processes, with €10 million of properties acquired.

The company buys a property within a short period of time, usually a week, and then sells it on later at a profit.

The company currently appraises an average of 850 properties with an accumulated value of €200 million in valuations.

“The acquisition of a building in Queluz represented a relevant step in the evolution of Sell and Go. Although our main activity continues to focus on the acquisition of single-family residential assets, this business demonstrates our ability to analyse and carry out operations involving larger-scale aggregate assets.

Our model is based on flexibility and allows us to act strategically in the face of market dynamics and the owners’ goals,” says Francisco Belard, Commercial Director of Sell and Go.

Sell and Go says that its main value proposition is that it can offer a value and acquire a property in as little as 48 hours.

The type of clients who use Sell and Go are those who need a quick sale because they are leaving Portugal or returning to their country of origin and need to quickly sell their properties; clients that need to buy a new property and to secure the deal need to sell their current property quickly; and clients who want to avoid multiple house viewings and all of the red tape associated with selling a property, opting instead for a quick and efficient sale. The question is how much to the sellers lose on the market value of the house compared to listing the property with a traditional estate agency in return for this quick sale?

Quick-sale property firms typically offer between 75% and 85% of a property’s market value in countries like the US and UK. However, the exact amount varies by company and can be as low as 50-70%. We tried to get a reply from the Sell and Go’s PR representative but could not obtain an answer in time for publication.

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