Leeds company Morgans is expanding its lettings and sales operations - putting to bed once and for all the city’s former reputation as the capital of the buy to let downturn.
In 2008 Leeds was seen by some as a city with an extreme over-supply of new build apartments for investors. But now Morgans, one of the city’s longest-established property firms, has appointed nine new members of staff.
“We’ve had a cracking year so far, with both our rentals and sales teams performing extremely well as the market continues to thrive” says managing director Jonathan Morgan.
“Our business has successfully negotiated the property downturn and we have had our best nine months in terms of lets, sales and occupancy figures since 2007” he says.
Business in the firm’s two offices is up by around 10 per cent in comparison to the same period last year.
Morgans manages the largest rentals portfolio of apartments in the City which range in price from £475 to over £2,000 pcm.
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