Call us for a free valuation now on 0113 393 0113.
From our clients...
Following two family bereavements and my own health and
mobility problems, I was forced to sell my home for both practical and financial
reasons. I chose Morfitt Shaw as they'd been recommended and they did exactly
what it said on the tin. Guy and Graham were both enormously helpful with good
advice, especially in a depressed market. I found them so easy to deal with yet
Willy W, Leeds
Many thanks to you both for successfully selling my house for me, as well as for being so approachable and pleasant to deal with and for giving good practical advice. I will recommend you to others and wish you lots of success in the future. Best wishes.
Kate Davy, Gledhow Park Grove, Chapel Allerton
Thank you again (and again) you are more efficient than I could ask for.
Alex, Street Lane, Moortown,
Thank you for selling my house so quickly and so efficiently. All the best for the future.
Ann Bresnihan, Gledhow Park Grove, Chapel Allerton
No fuss, what you see is what you get. They just get on with it. Thank you Morfitt Shaw for selling my home.
Julie Hamburg, Talbot Grove, Roundhay
Morfitt Shaw have successfully marketed and sold two separate properties for me in north Leeds. Both sales were achieved at times when the housing market was regarded as being at some stage or other of ‘a slump’ and both had offers accepted on them within six weeks. I believe the chief reason why this was possible was their pragmatic, realistic advice on pricing (which we took). The second was their ever-growing reputation as being the north Leeds experts. And finally, they are straightforward and trustworthy people to deal with – which is of real value when you are dealing with what is generally regarded as being one of life’s more stressful events!
Michael Leadbeater, Gledhow Wood Grove, Roundhay
I feel that now my house at Foundry Lane has sold, I would like to say that the stress of selling my property was kept to a minimum due to the hard work and commitment both of you put in to this for me. From my initial meeting with Guy, and the deal he offered which was far more attractive than the other estate agents that I had looked at, he had a genuine interest in involving me in the best way to advertise to attract buyers, and what price was realistic. Needless to say it sold very quickly. I was always kept in the loop and informed on what was going on with the sale of my property whether it was good news or bad. I am very grateful for your honesty and your professional attitude, your team are very reliable and excellent communicators. I thank you SO much and wouldn’t hesitate in recommending or using your services again in the future.
Troy Rothery, Foundry Lane, Oakwood
Thank you so much for your excellent support through the purchase of Hawthorn House – we absolutely love it and are so pleased to be in before Christmas! Just wanted to wish you a Merry Christmas and hope that the new year is great for you and your business. All the best!
Jenny O'Callaghan, Regent Street, Chapel Allerton
You demonstrated great commitment, drive and passion throughout to sell my house quickly and efficiently. Your friendly approach and reliability meant I never had to chase you at any stage. Well done and many thanks.
Rory Semple, Shadwell Walk, Moortown
Just a belated thank-you for your help and professional advice re the sale of my house. I appreciated your reassurance and kind understanding with my phone calls. Given the rather complicated background to work with, you managed to succeed with a sale within a short time scale!
Susan Erl, Denton Ave, Roundhay
Many thanks for your services which were very professional, and when your offices open nationwide, you will have our highest recommendations.
Tom Walsh, King Lane, Alwoodley
That's absolutely brilliant!! Thanks so much for getting us all booked in so quickly. We're looking forward to seeing the properties tomorrow. With best wishes.
Holly D, Leeds
Many thanks for all your help in selling our flat, you made it a very straightforward process and we are very grateful for all your hard work! Thanks again.
Louise Cleveley, Sandringham Drive, Alwoodley
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Latest property news:
Chinese investors flood into UK's regional cities
Chinese, Malaysian and other Far Eastern investors are driving demand for new build investment properties in the UK's regional cities, reports buy to let specialist Assetz, drawn by strong yields and the opportunity to take advantage of a weak sterling. The property market in Beijing, Shanghai and other leading Chinese cities has overheated in recent years, with a chronic oversupply of property driving rents down with gross yields of just 3%.
The Chinese are permitted to move USA$50,000 out of the country each year and many are attracted to the strength of the UK private rental sector where they can benefit from yields in the region of 8%, as well as take advantage of the weak pound and potential future growth in the value of sterling.
Price growth in Central London has cooled in recent months and yields are much lower than those which can be achieved elsewhere in the UK, driving investors to seek higher income opportunities in regional cities such as Manchester and Leeds. Beijing, while offering weak yields, is still delivering annual house price rises in the region of 10%, so there is little motive to invest in London purely for capital growth. In contrast, the regional cities of the UK are offering high income opportunities which are much sought after by Far Eastern investors.
Broadband power key factor when choosing home
Access to a good broadband signal is an important factor when choosing to buy a home, according to research from Halifax.
Nearly one third (30%) of people surveyed said it is likely to affect their thinking on whether to buy a home in a particular area. And one fifth (20%) say they would be prepared to pay more for the same home if it had good broadband.
Of those who would consider paying more for good broadband, 67% would pay up to 3% more for a property with a good broadband signal and 22% would pay between 4%-10% more. With the average house in the UK now costing £162,932, this would mean nearly a quarter of people would be willing to pay up to £16,293 extra to buy a home with good broadband.
Resi tax proposals 'damaging investment in UK housing'
The British Property Federation last week told a House of Lords committee that proposals unveiled in last year's Budget to ensure "the fair taxation of residential property" - such as the 15% stamp duty rate - were damaging investment in UK housing.
The House of Lords Finance Bill Sub-Committee, which scrutinises proposals unveiled in Budget 2012, heard how a package of measures intended to ensure the "fair taxation of property" after widespread media reports alleged avoidance of stamp duty by wealthy foreigners, were "cobbled together with no prior consultation" and gave very little thought to the impact "on bona fide businesses". The BPF told the Committee that the Government should abandon plans to extend capital gains tax and implement as early as possible proposed exemptions from the 15% stamp duty rate for genuine property businesses that were announced following the Autumn Statement last year.
Low equity levels continue to hinder moves up housing ladder
The home mover market has remained relatively flat over the past year. However, despite seeing some slight improvements, second steppers are still bearing the brunt of the stagnant housing market, according to the latest Lloyds TSB Home Movers Review. Lloyds TSB estimates that there were around 319,000 home movers in 2012, largely unchanged from 2011.
Second steppers' current equity position would account for just 7% of the price of a typical second stepper home. Compared with almost half (42%) in 2005.The average home mover deposit in 2012 was £61,743. This is a rise of 59% from the average of £38,866 in 2002.
The Lloyds TSB second stepper housing affordability measure - calculated as the average price of a typical second stepper home less their current equity position as a ratio of average earnings - stands at 4.6 times gross annual full-time average earnings for 2012. This is significantly higher than a decade earlier when the ratio was 2.9 times gross annual average earnings, and well above the long-term average of 3.3.
Rental demand will continue to increase
A cultural shift in favour of renting property rather than buying looks set to continue into 2013 and beyond, according to Dorian Gonsalves, CEO of Belvoir Lettings. "An analysis of data from Belvoir offices confirms that there has been a change in cultural attitude towards renting property in the UK and that this change is likely to be permanent.
"Belvoir Lettings predicts that the private rental sector (PRS) is likely to remain a popular choice for 2013, with demand for rental property unlikely to slow and newly formed households continuing to choose the rental market as opposed to buying. We also predict that renting will continue to offer good value for money for tenants and advise landlords to seek specialist advice and adopt a realistic approach to rental increases to ensure that they are in line with inflation and any void periods are minimised.
"When looking back on 2012, the rental market performed well in some areas and not in others. The Belvoir rental index shows that average rents in November 2012 were £682 per month - just £1 less than rents in November 2011.
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Morfitt Shaw Ltd, 80 Street Lane, Leeds, LS8 2AL
Tel : 0113 393 0113 Fax : 0870 220 3169
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Big enough to impress, small enough to care.
Morfitt Shaw Limited. Registered in England. Company registration number 4859434.
Registered office 80 Street Lane, Leeds, LS8 2AL
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