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Development Budgets
Where Does the Money Actually Go? Understanding Development Budgets
If five homes sell for £750,000 each, it’s tempting to assume the land must be worth millions. But land value is not driven by headline sale prices alone. Construction costs, planning fees, infrastructure contributions, finance and risk all shape the final figure. In this article, we explain how development budgets work, and why realistic, risk-adjusted appraisals determine what land is truly worth.
Edward Wolstenholme
Feb 285 min read
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