This fully revised seventh edition of Property Development has been completely updated to reflect ongoing changes in the property field and maintain the direct relevance of the text to all stakeholders involved in studying the property development process. This text has been in high demand since the first edition was published over 40 years ago.
The successful style and proven format of the highly popular text has been retained to assist the readership to understand this complex discipline. The readership typically includes anyone with an interest in property including aspiring property developers, established property developers, property stakeholders involved in the property development process, as well as any interested parties. In addition this new edition of the standard text is ideally suited for all property development and real estate students and will also be of interest to early career professionals and those pursuing similar professional degrees in the industry and in wider built environment courses.
This new edition includes new content discussing the rise and significance of PropTech with all chapters updated and enhanced to also assist lecturers and students in their teaching, reading and studying. The book focuses specifically on development and outlines the entire comprehensive process from inception, financing, planning and development stages within the context of sustainability and urban global challenges. The chapters include introductions with chapter objectives, discussion points, reflective summaries and case studies.
Table of Contents
1. Introduction 2. Land for Development 3. Development Appraisal and Risk 4. Development Finance 5. Property Cycles 6. Planning 7. Construction 8. Market Research 9. PropTech 10. Marketing and Sales 11. Sustainable Development 12. Emerging Markets
Richard Reed (PhD) has extensive experience in property and real estate in both the private and public sectors. He has conducted research at many universities up to the level of professor including the University of Melbourne, University of Queensland and Deakin University. He is the founder and editor of the International Journal of Housing Markets and Analysis and currently is a director of Reed Property Insights.
"This is a great book to understand the complexity involved with real estate development. The book does a fantastic job describing the entire process and takes a global perspective so readers from around the world can get a great perspective on the risks and rewards associated with creating a new development. In this seventh edition the author has clearly captured the major issues to be aware of to mitigate the uncertainty that goes along with investing in a real estate development." - Dr. Elaine Worzala, CRE, FRICS, Carter Real Estate Center, USA
"This book is a very comprehensive coverage of all aspects of the property development process, with international examples highlighting key issues. The new section on sustainability is a welcome addition as an important ongoing element in property development." - Professor Graeme Newell, Western Sydney University, Australia