"While these results are encouraging, we continue to focus on keeping costs low and service high, in what is likely to be a turbulent period over the coming few years."
- Matt Cottle - MVC
MVC buys and refurbishes previously unloved properties in Cardiff and the surrounding area. It then either sells or rents them out. The firm is headed up by Matt (pictured) and Victoria Cottle. Matt is the former CEO of specialist mortgage brokerage Y3S.
The firm says its previous years’ investment into improvements has forced up values. In addition, diversification into serviced accommodation and a property consultancy have added to the bottom line.
“This year’s results come off the back of a 2-year reinvestment program of refurbishments across 80% of our portfolio”, said Cottle. “It has had a knock-on effect to rents and values in a heated rental market.
“While these results are encouraging, we continue to focus on keeping costs low and service high, in what is likely to be a turbulent period over the coming few years."
