Edinburgh estate agent Portfolio hopes to double sales

Portfolio, which specialises in selling homes for landlords who have tenants remaining in situ, has recently completed its third year of trading and said it enjoyed a ‘record-breaking past 12 months. The firm’s total revenue increased by 153% on the previous year.

The company also recorded a dramatic rise in the number of properties listed, while the seller leads it fielded were two and a half times higher on the year.

Founders Chris Wood and Ross Macdonald aim to negotiate 60 sales for clients in 2021, up from 30 sold in the past year and they hail a strong start to the new year.

The two have said they also hope to build on their progress achieved in selling tenanted property portfolios with a value above £1 million.

Mr Wood and Mr Macdonald believe that the legacy of the COVID-19 restrictions brought into force to help avoid property evictions during the pandemic could prove a ‘game-changer’ for the ‘unique’ place their agency holds in the Scottish property market.

Portfolio said the significance of its model ‘has been thrown into sharp focus by emergency legislation introduced by the Scottish Government shortly after the COVID-19 outbreak began, which increased the notice period landlords must give tenants from between one and three months to six months.’