A Year of Growth and Milestones: My Property Group in 2024
As 2024 draws to a close, we at My Property Group are thrilled to reflect on what has been a phenomenal year of growth, achievements, and milestones. From breaking sales records to expanding our global footprint, the past twelve months have been nothing short of extraordinary!
A Remarkable First Year
This year marked our first full calendar year in business, and what a journey. We’re proud to share some incredible highlights that showcase the strides we’ve made as a team and as a business in 2024:
Over £2M in sales: A significant milestone that reflects the hard work and dedication of our team.
191 deals closed: Our clients have trusted us to help them achieve their property goals, and we’re proud to have delivered for them.
Global expansion: We’ve grown from working with just 30 partners to over 200 partners across 18 countries on 5 continents.
End-to-end offering: To better serve our clients, we created 4 new businesses that provide a comprehensive suite of services. Including
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- My Property Refurbishment
- My Property Lettings
- My Property Brokerage
- White Label Property – Digital+
Team growth: We went from a 4-person team to a thriving group of 21 talented professionals across development, account management, sales and marketing.
New office space: We upgraded from a 4-man office to a 25-man space and moved from a shared office to our own large, modern headquarters in Victoria.
Celebrating Success in 2024
The journey wouldn’t have been the same without taking moments to celebrate. This year, we treated our team to a well-deserved trip to Dubai, where we reflected on our successes and bonded as a growing team. As we close the year, we’re excited to host our annual Christmas drinks on December 12th at our new office—another way to honor our team’s hard work and dedication. We hope you can join us.
Industry Trends to Watch as 2024 Draws to a Close
It’s not just My Property Group that’s experiencing transformation – the property industry itself is buzzing with exciting developments. Here are some key trends we’ve observed in the last few months
Increased focus on housing association-style properties: Landlords are increasingly shifting from traditional buy-to-let arrangements to guaranteed lease agreements with housing providers and councils. Companies like Serco and Mears Group offer landlords long-term leases—typically five years or more—with benefits such as consistent, on-time rent payments without arrears, comprehensive property management, and coverage of utilities and council tax. These partnerships provide landlords with stable income and reduced management responsibilities while contributing to community-focused housing solutions.
Mortgage interest rates on the decline: Mortgage interest rates are showing a downward trend, providing a boost to the property market. The Bank of England’s recent decision to cut the base rate to 4.75% has led major lenders like NatWest and Coventry Building Society to reduce their mortgage rates, with some two-year fixed rates falling below 5.5%. (BankofEngland.co.uk)
More listings and sales: The UK property market has experienced a notable surge in activity in recent months, indicating strong momentum as we approach 2025. In October 2024, residential property transactions reached 100,410, marking a 10% increase from September and the highest monthly figure since November 2022 (gov.uk)
This uptick is further supported by a 25% annual increase in agreed house sales as of September 2024, the fastest rate in three years. (Financial Times)
Additionally, mortgage approvals rose to 68,300 in October, the highest level since August 2022 and the fifth consecutive monthly rise. (Fine & Country)
Looking Ahead
As we gear up for year two as My Property Group, we’re excited about what lies ahead. 2024 has proven that with the right team, vision, and strategy, anything is possible!
We remain committed to providing exceptional service, expanding our global reach, and continuing to innovate in the property sector.
Thank you to our clients, partners, and team for being part of our journey. Here’s to another year of success and growth!
– The My Property Group Team
