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.
🏡 Why Has The Property Market Not Crashed?
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 things are going down; they are increasing slower.
House prices are down Year-On-Year. However, that is compared to this time last year when growth was super hot, so yes, at some point, that has to come down. Relatively speaking, we haven't had any real property crash; it's almost flat.
You can see here even though the year-on-year stats make it look like the market has crashed 10%, when you look at it versus the past few years, the high-interest rates have meant the growth has stopped (finally), but the market is fighting hard to stay up.
Check out the video for the full details
🏡 Renovation Latest
We've been in the new house outside of London for just over a year; it's felt quite slow due to the time taken to go through planning, working with architects, and waiting for our main builder to start in 2024. But I did start with the kitchen to get it going; we have the kitchen stored up and have started knocking down walls and putting in steels. The new open-plan kitchen will be pretty much done in January.
We're just waiting for the sliding doors to be fitted by ExpressBifolds, and then the plasterer will start the day after. We've already completed all the first fixes for electrics. Due to basement access underneath, I can do both the first and second plumbing fixes once the units are in place.
We also designed and ordered the kitchen from DIY Kitchens. I'd heard so much about the company about their quality units and cheap pricing, and because they all come pre-built with doors already hung and fitted - you just put them into place, ensure it's all level, then the kitchen is fitted - it's super easy.
3D Plan (On DIY Kitchens)
Current Progress
The main wall is knocked through, the new subfloor is down, and I've taped out the units. We're just insulating the external walls to prepare them for the plasterer. You can see the shape now coming together.
I have lots of filmed content, just need to edit everything together and will share all the progress up to this point in video form soon!
📚 Courses
I have the draft outline of a course ready to go; the first one is all about property investing in general; it is super useful for those who are looking to both get into the industry as a business or if you're just looking to flip your own homes and not build an empire it can help you look at what to look for when buying your own home.
If you're interested in being on the early bird list, then Click here to be on the announcement list!
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 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 £1.5m in cash to a famous...
👋 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...
👋 Hey friends In personal news... we're in the midst of peak stress at the moment. I made the huge mistake when selling my London flat, of choosing to go with Premier Property Lawyers as the solicitors. What was I thinking!? I sold the flat through Strike which meant that I paid £0 fees (apart from rightmove premium listing costs) but no agent fees. They gave me the hard-sell on using their in-house conveyancing which I decided to go for. I WISH I had gone with a more expensive, local...