Basics of Property Development

The course aims to teach you to plan more carefully, double-check every step, and skillfully negotiate the inherent complexity of real estate development. It starts with explaining the concept of property development, the main actors and the steps involved in the process. You will next discover the meaning of property and its various definitions. The different types of property will be discussed. The following section will uncover the market context of property development and how to locate development within an institutional property market model.

The course then describes the legal framework of property development, analysing real estate activity, investment structure, real estate ownership, lease of business premises, development in practice, and the differences between the UK and Scottish Property Law. The project management process and the role and skills of the project manager will be addressed. Following this, you will learn about undertaking a new-build project, the renovation and conversion of property.

Obtaining Building Regulations and knowing when approval is required will be comprehended, as well as the differences between application plans, building notice applications and self-certification. You will get an overview of the planning and designing process and financing property development, its methods and sources of finance. Also, you will learn about developing marketing strategies, promotion methods, the role of estate agents and the mistakes of pitfalls when marketing our property. The final section discusses risk management in property development.