Sale of 295 apartments and hand over of 515 units – this is the outcome of Q3 2019 in Echo Investment’s residential department. The company’s annual targets to sell 1,300 units and hand over 1,250 are within reach.
September and the third quarter was very busy for Echo Investment. Last month the company sold 128 apartments while 295 units in Q3. The results are much better than last year. Since the beginning of 2019, Echo Investment’s sales team has signed preliminary sale agreements of 937 apartments, which is over 30% increase compared to the first three quarters of 2018.
‘With our teams we are well prepared for a lot of work to be done in the fourth quarter. Echo Investment is on its course to achieve the annual sales target assuming that 1,300 apartments will be sold. So far, according to the plan, we have increased our offer by almost 1,200 apartments in interesting and well-designed projects, that were warmly received by clients. We have an appetite to strengthen our market position, that is why the offer will increase by another attractive projects in coming weeks. Thinking about future growth, our priority is to expand the land bank for residential projects’ says Waldemar Olbryk, Member of Echo Investment’s Board responsible for Residential Department.
From the beginning of the year to the end of September, Echo Investment handed over 592 apartments to its clients, which is 46% growth compared to corresponding period of 2018. Due to construction timetables, majority of residential projects receive their occupancy permits in the second half of the year. This can be observed in hand overs: in Q3 2019 Echo Investment delivered to clients keys to 515 and only in September it was 361 apartments. In full 2019, the developer plans to provide its clients with approximately 1,250 apartments.