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Category: Sales

August - Sales Update

August - Sales Update

August – Sales Update

An overview of the Sales Market from our Sales Director – David Galman

The temperatures may have soared in the last few months - but for many businesses, sales have plummeted as large numbers of people have taken extended time off at home and abroad over summer. Happily though, throughout July, Galliard experienced soaring sales that matched the nation’s record temperatures! “This has been one of our best sales periods for years,” comments Galliard’s Sales Director, David Galman. “So far throughout this summer, we’ve averaged at least 25 deals per week across the board, and all the indications are that August is shaping up to be just as successful!”

Advertising retained over the summer

Normally, Galliard advertising takes a downward turn to take account of the expected cooling-off in sales during the summer - but this year the company’s advertising has continued at full strength so as to further boost the welcome seasonal growth in sales, which have taken place at Galliard developments right across London, from New Capital Quay in Greenwich to major Galliard developments in the West End.

Help from the Government’s Help to Buy scheme

David Galman has clear ideas as to why Galliard is enjoying its summer sales extravaganza: “Apart from the fact that we’re selling premium-quality properties in strategic locations at highly competitive prices, we’re now seeing the effects of the Government’s Help to Buy equity loans scheme for new-builds. Under the Scheme, the purchaser must find at least 5% deposit plus up to 75% of the mortgage, whilst the Government will provide a loan for up to 20% of the price – interest-free for the first five years. It’s a very attractive scheme for buyers, and it’s measurably helping to boost our overall sales.”

Demand is outstripping supply

Another factor David mentions is the ’06-’08 Credit Crunch, when planning applications and construction took a dramatic downturn, with the result that demand is now outstripping supply. “To make up for this imbalance between supply and demand, we’ve built around 2,000 units this year alone,” says David, “and around 75% are already sold.” In particular, David cites the joint Galliard-Fairview Victoria Way development in Charlton: “We were going to be provided with a completed show flat for this development at the beginning of next year, but with around 65% to 70% of Victoria Way properties already sold, and high expected sales for the rest of the summer, we probably won’t require it!”

Victoria Way, London SE7


Centrally located in the Royal Borough of Greenwich, Victoria Way will offer luxury residences amid landscaped courtyards. The development offers a choice of specification levels enabling property investors to maximise on value. All properties benefit from a private terrace.

New Capital Quay, London SE10


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.