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Sector notes · What we are seeing in a market

The building is not the product

Alastair Marshall, Co-Founder & Director

9 min read

Every marketing budget runs into the same meeting eventually. Do we spend on the thing we are selling, or on the company selling it?

Someone always makes the slide. Seventy-thirty. Sixty-forty. The product side says brand spend is slow and unmeasurable. The brand side says you are renting attention forever without it. Nobody wins, the split gets set by whoever spoke last, and the same meeting happens again next year.

It is the wrong argument. Not because both sides lack a point, but because the answer is not a matter of taste. There is a variable that decides it, and once you can see the variable there is nothing left to negotiate.

The variable is what the buyer can check

Product marketing has one job. Tell someone what the thing is and why it is better than the other thing. That works beautifully when the buyer can go and verify the answer.

Shampoo. Four pounds. You pick it up, read the back, buy it, use it, hate it, bin it. Total elapsed time from decision to verdict, about a day. Total exposure, four pounds. In that world the product carries the sale and the brand is a tiebreaker. Good product, weak brand, still fine.

Now stretch the loop. Raise the price. Push the outcome further into the future. Take away the buyer's ability to inspect anything before they pay.

At every step the decision moves off the product and onto everything surrounding it, because the buyer has nothing else to work with. A surgeon. A pension. A school. Nobody can inspect the outcome in advance, so they assess the people offering it and call that assessment a decision.

Keep stretching, past almost anything else a private individual will ever buy, and you arrive at a property that does not exist.

Off-plan is the far end of the scale

Look at what is actually being asked of an off-plan buyer.

Send a deposit. Often five or six figures. For something you cannot see, survey, walk through or value. Wait two years. During that time you have no control, patchy visibility, and if it goes wrong you are sitting behind a lender with a very thin claim.

They are not buying an apartment. They are buying a promise that one specific company will finish one specific building to one specific standard by one specific date.

Which makes it a credit decision wearing a hard hat. The buyer is underwriting your business and calling it a property purchase.

That matters because of what it does to your marketing. No amount of product information answers a credit question. The layouts can be perfect. The yield can stack. The location can be exactly right. The buyer reads all of it, agrees with all of it, and is still stuck on the only question that counts, which is whether you will actually build it.

The floor plan cannot answer that. The brochure cannot answer that. Only the company can.

They cannot inspect the building, so they inspect you

Every off-plan buyer runs the same background check. Almost none of them mention they are running it.

What you have already finished. The strongest asset in development marketing is a photograph of a building you delivered three years ago, occupied, lived in, real. It is the only thing you own that is not a promise. It is also the thing most developers never shoot, because the budget closed the day the last unit completed.

The website. Not whether it is pretty. Whether it loads, works on a phone and answers the buying questions without anyone having to ring you. A site that is slow, broken on mobile or clearly untouched since 2023 says one thing about your operational grip, and it is not the thing you want said.

The imagery. Buyers cannot assess your build quality, so they assess the only visual you have given them. Cheap CGI gets read as a cheap building. Every time. By people who would flatly deny doing it if you asked them.

The people. Who runs this. How long have they done it. What have they built. Is there a name and a face, or a company number and a stock photograph of two men shaking hands in a glass atrium.

Whether the story holds. Brochure, website, portal listing, what the salesperson said on Tuesday. Three completion dates across four channels is not a proofreading slip. It is a report on how the business is run.

How fast you came back, and whether the answer was any good.

Not one of those is about the development.

Weak marketing does not read as weak marketing

This is the expensive part, so it is worth being blunt about it.

When a buyer can verify the product, poor marketing costs you preference. They think the site looks tired, shrug, and buy anyway, because they can see the product is fine.

When the buyer cannot verify anything, poor marketing costs you credibility. And credibility is the entire transaction.

Here is the trap. A buyer has no way of telling the difference between this developer did not spend much on their website and this developer may be in trouble. Those two situations produce identical evidence. Faced with a signal they cannot read, on a purchase with a two year tail and a very ugly downside, they do the sensible thing.

They go quiet. They do not tell you why. Nobody logs an objection. It shows up in the pipeline as a slow month and gets blamed on rates.

Which is also why bad renders are worse than no renders. A scheme with no CGI yet reads as early. A scheme with poor CGI reads as a developer who either could not afford good ones or could not tell the difference, and both of those are terrifying to someone about to wire you a deposit.

Your name is part of the deal

The question of whether the director should be visible has a different answer in development than it does almost anywhere else.

At institutional scale the company is the covenant. Balance sheet, funding, track record. The individual matters less.

Below that, which is most of the UK market, the company and the person are the same asset. You are eight years old with three completed schemes and a name nobody outside the trade knows. There is no corporate equity to assess. So the buyer assesses you instead, and they do it whether or not you have ever decided to have a professional profile.

They search your name. Companies House. LinkedIn. Past schemes. Any press at all.

Finding nothing is not neutral. Finding nothing means a buyer, deposit in hand, has just established that the person responsible for their building has no public professional footprint whatsoever. That is a result, and it is not the result you want.

The developers who have worked this out treat the principal's profile as infrastructure rather than ego. A track record you can check. A stated view on how you build and why. A face attached to the delivery promise. It is not showing off. It is the buyer's due diligence, answered before they start.

It matters most exactly where off-plan volume actually sits. Overseas buyers who will never see the site. Investor buyers comparing four schemes in three cities from a kitchen table. Neither of them gets to look you in the eye. The public record is the only version of you they will ever meet.

Scheme marketing is an expense. Developer brand is an asset.

Here is where it stops being philosophy and starts being money.

The standard model is a fresh brand per scheme. New name, new identity, new microsite, new look. It launches, it sells, and at completion somebody quietly lets the domain lapse. Then scheme four kicks off and the whole thing gets commissioned again from zero.

Every pound of that spend depreciates to nothing on the day the last unit completes. Scheme four goes to market with precisely the same standing as scheme one, despite three buildings standing up behind it. You delivered them. You just did not keep the receipt.

Run it the other way. A developer brand that carries across schemes and collects proof as it goes. Scheme one launches cold, as everything does. Scheme two launches with photographs of scheme one, finished, occupied, real. Scheme three launches with two completions and a delivery record anyone can check. By scheme four the brand is doing the trust work before a sales team has spoken to a single person.

Scheme identities still have a job. A development needs a name and a personality of its own, and a microsite that answers the buying question on a phone. But it should inherit its credibility from something permanent rather than manufacture it alone every time.

The scheme sells the building. The company sells the fact that the building will exist.

Doing both, without doing it twice

The reason this rarely happens is not that developers disagree with it. It is that the two jobs get bought from different places at different times.

The scheme campaign goes to whoever is quickest, usually under launch pressure. The CGI comes from a visualiser. The brochure from a designer. The site from a web agency. The completion photography, if it happens at all, gets picked up eighteen months later by someone else entirely, by which point nobody can remember which angle the original render used.

So the assets never match. The render says one thing, the photograph says another, the website says a third, and a buyer sitting at home with four tabs open notices immediately. The handoff is where the work gets worse, and in a trust business it is not a cosmetic loss.

There is also a straightforward commercial point. Assets built once, to one standard, get reused. The CGI angles you choose at launch are the angles you reshoot at completion, which gives you a before and after that sells the next scheme on its own. The brand system built for the company carries into the scheme microsite instead of being reinvented. The film crew who shoot the site progress are the crew who shoot the handover. Nothing gets made twice, and the second scheme costs less than the first.

That is how we run it. Strategy, CGI, film, design, web and social, in one studio, on one point of view. Your scheme and the company behind it, built to the same standard, because the buyer is going to look at both within about ninety seconds of each other.

The test

Take the person most likely to buy from you. Put them at home, on a phone, at nine in the evening, after the call has finished and the brochure has been read. Alone, with no salesperson in the room.

They search the scheme. Then they search your company. Then they search your name. Then they go looking for the last thing you built.

Whatever they find in the next sixty seconds is your marketing. The rest is just the brochure.


We market schemes and the developers behind them, together, so the two never contradict each other. See how we work with developers, or tell us what you are launching and we will come back with what we would make and what it costs.

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