By David Cadman
Estate improvement is a pragmatic booklet, which supplies the reader a whole review of the advance procedure. it really is meant as an introductory textual content for college kids and others coming to the valuables improvement strategy for the 1st time, and case reviews are incorporated to supply genuine illustrations of specific elements of this method. a lot has replaced because the e-book of the fourth version, and sections on sustainability and concrete regeneration were extra to this totally revised and up-dated textual content. Emphasis is additionally given to the consequences of globalisation and the ecu to the united kingdom estate improvement procedure. an internet site accompanies the publication, with help fabric akin to appraisal spreadsheets.
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Additional info for Property Development, 4th Edition
It is the introducing agent’s responsibility to assist the developers throughout the acquisition process. The agent should be able to provide advice on the local property market and rental values to assist the developer in the evaluation process. Information on existing and proposed schemes of a similar nature is also important. The agent will often negotiate the land price on behalf of the developer. This method of site finding is a two way process. The developer must establish and maintain a good relationship and regular contact with local and national agents.
We shall examine the way in which local authorities allocate land through the framework of development plans and how developers can participate in this process in Chapter 5. As we have already discussed developers will examine the development plan relevant to the areas identified in their search for sites. Accordingly, the local authority in their role as planner can influence the availability of a particular site by allocating a specific use to it in the development plan. However, it must be stressed that allocating a site in a development plan does not make it available for development.
They will keep in contact with local landowners and therefore usually know when a site might be coming onto the market. It is advantageous if sites can be identified early as it gives a developer a chance to negotiate directly with the landowner and secure the site before it goes on the market. A developer’s ability to acquire sites off the market will depend not only on negotiating abilities but the state of the market. When the market is booming and land values are rising rapidly the landowner will be strongly advised by agents to put the site on the open market.
Property Development, 4th Edition by David Cadman