Property Development

Appraisal and Finance

by David Isaac, John O'Leary and Mark Daley Other books by David Isaac

About this Book

This fully revised and updated third edition of Property Development provides a comprehensive guide to the property development process, taking readers from initial project evaluation to planning, funding, construction and disposal.

The last ten years have seen regional planning apparatus swept away and replaced by new neighbourhood plans and more prominence is now given to financial viability in planning policy and decision making. The uncertainty of the financial crisis and the associated housing crash have given way to a new wave of commercial and housing development, and in this period of growth it is more important than ever to be aware of the risks and opportunities inherent in the property market.

This book is an ideal companion for students on courses in estate management, land economics, property development, real estate, surveying, construction, planning and related subjects. The book will also have value for practitioners in any of these fields who as part of their CPD obligations may be looking to refresh and update their knowledge.

Key features in the new edition:

  • New chapters on planning and the sustainability agenda, reflecting recent changes and the increasing centrality of these topics in modern development
  • Exploration of crucial emerging themes such as development viability and affordable housing, the impact of the Community Infrastructure Levy, sensitivity testing, risk transfer and the limitations of development appraisal methods
  • Numerous worked examples which demonstrate how knowledge and techniques could be applied to real-world situations
  • Self-assessment questions with model answers on the book’s companion website


About the Authors

David Isaac is a Chartered Surveyor and Professor of Real Estate Management in the Department of the Built Environment at the University of Greenwich, UK. He has over twenty years of experience in property development, finance and valuation, and has project-managed a number of development schemes.

John O’Leary is Senior Lecturer in the Department of the Built Environment at the University of Greenwich, UK. He is also a Chartered Surveyor and Chartered Town Planner, and worked as a planning consultant before becoming a lecturer.

Mark Daley is Senior Lecturer in the Department of the Built Environment at the University of Greenwich, specialising in property valuation, management and finance. He is a member of the Royal Institution of Chartered Surveyors and has amassed many years of experience in private practice.