There’s a new app with a tagline that promises that you, too, can ‘profit like a landlord from just £1 with no effort’.

Proptee, set to launch this year (subject to approval from the UK’s Financial Conduct Authority) allows anyone with, say, five grand to buy shares in a buy-to-let flat in London worth half a million. In return, you receive a slice of its tenants’ monthly rent—here about one percent—with the promise you can cash-out your investment as the value rises.

‘We’re building a stock exchange for properties that lives on your smartphone and combines the high yields and low risk of property investing with the high liquidity of a stock exchange,’ explains 24-year-old cofounder Benedek Toth.

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