"Recent political events create a backdrop of uncertainty for the new financial year," Mr Truscott of Galliford Try said. "It is too early to predict specific effects on our markets, but the strength of underlying demand for new homes and the continuing availability of mortgage finance and Help-to-Buy give grounds for confidence in both Linden Homes and Galliford Try Partnerships.
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An article in the Telegraph reveals that Linden Homes (part of Galliford Try) completed on the sale of 3,078 units in the 12 months to the end of June, up from 2,769 the previous year, with a record £380m of exchanged sales into the new trading period. The average private sales price also rose. Meanwhile, more than 1,500 visitors turned up at four brand new Redrow developments over a weekend following the Referendum, with queues forming from first light in one location and one customer spending the night in his car at another. The media seems full of doom and gloom, but perhaps we should not be so pessimistic about the future of our housing market.
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