Real Estate Development
Real estate development is the process of taking land through planning, financing and construction to a finished, occupied building.
Why It Matters
Development is priced on costs and rents forecast years ahead, and it is the first activity to stop when credit tightens.
Related Terms
- Mixed Use DevelopmentA mixed-use development combines homes, workplaces, retail and public space within a single scheme.
- Property MarketThe property market is where land and buildings are bought, sold and let, and where prices are set by supply, credit conditions and demand for space.
- Cost of CapitalThe cost of capital is the return a company must earn to justify using money, blending what it pays lenders with what shareholders expect.
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