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Summary and extracts
1 Market overview
1.1 Definition and scope of the study
Real estate development involves the design and construction of residential or non-residential properties, with a view to selling them to buyers who will then rent them out or use them directly. It is to be distinguished from land development (lotisseur, aménageur foncier), the aim of which is to acquire large tracts of vacant land, then divide them up into subdivisions to install numerous infrastructures (sewers, waterworks, etc.). Real estate development thus encompasses all the means and actions involved in acquiring a plot of land, erecting a building and then having it purchased by a customer.
The property development market can be segmented into :
- Residential property (apartment buildings, single-family homes, etc.)
- Commercial property (offices, restaurants, shops, warehouses, factories, hotels, etc.)
- Leisure and/or public facilities (gymnasiums, swimming pools, stadiums, hospitals, town halls, etc.)
Property development activity in the UK came to a halt in 2016 due to new taxes introduced by the British government. On the other hand, there are plenty of opportunities for developers, thanks to new technologies, diversified financing and rising acquisition values.
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the real estate development market | UK
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