The Directors of MGY are delighted to report that a number of strategic and managerial changes made to the company during 2017, coupled with their extensive property industry expertise, have given rise to unprecedented sales and rental successes across all our Cardiff offices at the close of the year and into the beginning of 2018.
The changes saw a senior staff reshuffle take place in September, which resulted in the Heath and Bay offices being appointed new Managers. The year also culminated in the semi-retirement of Principal Mike Young, who had confidently taken a back seat during 2017, leaving the future of the company fully in the eminently capable hands of Directors Mark Iles, Michelle Bishop and James Thomas.
MGY sold more properties during 2017 than the previous year and overall turnover for the business for twelve months to the 31st December was up around 15%. Additionally, most pleasing for the staff and shareholders alike is to hear that 2018 has got off to an equally exceptional start with outstanding sales and rental performances.
Impartial industry sales data indicates that the MGY North Cardiff office was ranked 1st for available stock, 1st for new instructions and 1st for sales agreed**; and, additionally sold two exclusive listings, each in excess of one million pounds, within weeks of first marketing them. The MGY Cardiff Bay office agreed 16 sales in just twenty-one working days and occupied the top spot in the Bay area when compared to its competitors: being ranked 1st for available stock, 1st for new instructions and 1st for sales agreed*.
Commenting on the changes and the successes achieved in the last 12 months, Director Michelle Bishop said “It is more than pleasing to see our strategic plans come to fruition. We wish Mike all the very best in his semi-retirement as it is his intention to work part time as a Consultant dealing mainly with professional work acting as an Expert to Solicitors with Probate matters and Matrimonial proceedings. We also thank all our staff and especially our senior team for their ongoing hard work and commitment and we look forward to continuing to lead the local property industry throughout 2018”.
*Source: Rightmove Sales Agreed Report 01/01/2018-05/02/2018.
** Source: Rightmove Sales Agreed Report 01/01/2017-01/01/2018.