|Faculty or Section :||Faculty of Health, Engineering and Sciences|
|School or Department :||School of Surveying & Built Environment|
|Student contribution band :||Band 2|
|Grading basis :||Graded|
|Version produced :||17 May 2022|
Surveyors, Planners and GIS professionals are inextricably involved in the process of property development. To appropriately fulfil their roles, they need a thorough understanding of developer motivations, risks and opportunities.
Real property is both a necessity for living and a potential source of economic growth and profit. This course provides an overview of property as an economic asset and an investment vehicle. It highlights the risks and opportunities that come with developing residential property for the market and introduces students to the development process from conception to construction to disposal. The course will describe the basic principles of land valuation for land markets and statutory purposes that is an essential tool for rational decision making in property development.