Category: Chairman's Notes
Recent reports from the Governor of the Bank of England and Ben Bernanke at the Federal Reserve indicate that low interest rates are here to stay - in the medium term at least – which is good news for Galliard. The cost of borrowing capital has always been a crucial factor in house-purchasing - and with current low interest rates, plus European and American economies now bouncing out of recession, I see a buoyant way forward in the property industry over the next few years.
We have recently been accepted as an approved participant in the Government’s Help to Buy scheme. This enables purchasers of properties (valued at up to £600,000) to borrow up to 20% of the purchase price from the Government - interest-free initially, and thereafter at attractively low rates of interest. We’re proud to participate in this scheme with the Government’s endorsement, and we’re confident that it will help to further boost Galliard sales.
Despite the recession, Galliard has continued its expansion plans over the last few years, and we now have over 3,000 units under construction throughout London. As regeneration specialists, our portfolio includes over 1,000 units on the South Bank of the River Thames, in excess of 700 units at the Butlers Wharf Estate and over 700 units – when development stopped on The Isle of Dogs, we will re-commence to more than 1,000 units.
At Galliard, we’ve built our excellent reputation on offering premium quality, providing excellent value for money - and building properties in prime locations throughout London and beyond; and to maintain our reputation, we source the finest fixtures and fittings from all over the world, seeking the highest specifications at the most economic prices. So it’s no surprise that our repeat buyer profile is the highest in the industry, plus many of our repeat purchasers come back to us in order to both initiate and expand their rental property portfolios.
Commanding a dramatic riverside location, New Capital Quay offers a superb selection of 1, 2 & 3 bed apartments, many with panoramic river views over the City. Combining brilliant architecture with high spec interiors, these exclusive apartments are a choice opportunity for investors & occupiers.
Offering breathtaking views, first class facilities and superlative living accommodation in a location of international status, Lincoln Plaza presents an exclusive collection of suites, 1, 2 & 3 bed apartments rising 31 floors into Canary Wharf’s iconic skyline.