Hey, I'm Matt. I've worked for several years in financial services & banking for one of the UK's largest banks in London and now work as a senior product manager in a global startup. On the side, I'm building a property development group utilising all my leadership, project management and financial experience. I'm helping share my knowledge of working in these roles mixed with the world of property.
17 | Strongest Spring Property Market in a Decade
17 | Strongest Spring Property Market in a Decade
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Hello everyone! π
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Firstly - a MASSIVE THANKS TO ALL 1500 OF YOU! So many people have subscribed to my YouTube channel and shown amazing support, it means a lot!
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βI took my foot off the gas a bit this week. I've been analysing properties left, right and centre but I've been really hindered that I'm a 3 hour drive away from my target area & hometown around South Yorkshire so property viewings are hard!
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I'm limiting myself to modern method of auctions and traditional auctions at the moment which are all over-selling. As the market is booming at the moment and refurb projects are all overselling, I'm debating to just put my cash onto 2 or 3 BTL properties and wait it out instead while still taking some form of action.
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I've been thinking a lot recently about opportunity cost - do I hold out for a 'good' refurb deal, instead of just getting a done up, less competetive property now and enjoying a few months of rental income in advance.
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π‘ The World of Property
I read a fascinating article this week from Rightmove News
βhttps://www.rightmove.co.uk/news/articles/property-news/strongest-spring-housing-market-for-home-sellers-in-a-decade/β
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"If youβre thinking about selling your home but have been waiting to see what will happen in the housing market, our latest insights reveal there is a record number of buyers enquiring about properties on our site this month. In fact, demand levels are 34% higher than this time last year when we were still experiencing a strong pre-lockdown market.
This surging level of demand, fuelled by people searching for more space and a change of lifestyle, is outstripping the number of homes for sale by the biggest margin at any time over the past ten years, making this the best sellersβ market of the decade β and perhaps one of the best ever Easter periods to sell.β"
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π¦ Property Deal Analyser - Product Build
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ββClick Here To Be Notified When The Product Launchesββ
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I'm still working on the Property Deal Analyser, this is something I'm using daily at the moment to analyse my own deals so I'm forever tweaking and improving it as I go along.
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It quickly and easily allows you to analyse and track your own property deals using Notion.so which if you don't know what it is, Notion is an awesome FREE software that combines google docs, trello, asana all into one amazing tool.
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Once it's ready - if you're interested in getting your hands on it - just click this link to be one of the first to be notified once it's ready. I'm just in the process of creating some help videos for it and giving it a once over before releasing it to everyone :)
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A view of the kanban property pipeline in action
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π½οΈ Videos This Week
βThis week I released a video about how I work 80 hours a week and not burn out, focusing on my 'non negotiables' on having a healthy and productive working week when you work a lot of hours.
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Feel free to check it out!
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As always, if you have any questions, thoughts or feedback then hit reply to this email and I'll happily get back to you.
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Matt
Matt Brighton
Hey, I'm Matt. I've worked for several years in financial services & banking for one of the UK's largest banks in London and now work as a senior product manager in a global startup. On the side, I'm building a property development group utilising all my leadership, project management and financial experience. I'm helping share my knowledge of working in these roles mixed with the world of property.
Hey friends, It's been a few months. I don't tend to spam your inbox with lots of these emails for those who have been subscribed for a long time to my updates. As usual, if this newsletter isn't for you - there's a link at the bottom to remove yourself from the list. What's going on in the property market? My latest YouTube video explores the latest figures and provides a balanced view of what's happening in the property market. Rishi is celebrating halved inflation, which doesn't mean...
π Hey Reader It's been a busy few months, so I've been a little quiet on emails. We finally moved into the big renovation project outside of London after a stressful 8 month conveyancing process and the house almost falling through (classic). Planning permission has been submitted and we're starting to rip out the house, however living in a project that you're doing up is always tricky with logistics! After we bought the house, a house 4 doors down the road sold for Β£1.5m in cash to a famous...
π Hey friends Premier Property Lawyers are still being the biggest pain in the bum in our property sale. My buyers mortgage expires in 3 weeks and they keep raising endless menial enquiries at the last minute that keeps holding us back. I repeat my advice from the last newsletter - never ever use any of the conveyancing brands under the Simplify group. They're awful. In other news - the property market has took an incredible flip over the past few weeks, we really did not expect interest...