Reference Entry

property developer

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
property developer

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An individual or firm that buys property with a view to changing its use, making significant improvement, or constructing new property. Property development is inherently risky: this is partly because of the liability of the property market to large price changes, and partly because of uncertainty about obtaining planning approval for changes of use and new building....

Reference Entry.  59 words. 

Subjects: Economics

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