Abstract
It has already been stressed that property finance is important in the property investment market. The costs and availability of finance will affect the cost of the provision of new investment property and therefore its supply. It is through finance that the structure of the investment interest in property may be created, so finance has an effect on the form of the interest. Whilst the costs and availability of funding are obvious in the case of the funding of development property it is important to realise that it is critical to the investment market also. The value of an investment may be driven by the opportunities or lack of opportunities to fund it and this was the main impetus of the move into the securitisation of property, a repacking of the property asset into appropriate financial packages which provide added value.
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© 1996 David Isaac
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Isaac, D. (1996). Financial Management in Property Development. In: Property Development. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13902-6_10
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DOI: https://doi.org/10.1007/978-1-349-13902-6_10
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-64690-8
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