Abstract
Property development is a risky activity. We know this from the level of return that is assumed in land appraisal calculations—witness the “standard” 20-percent profit margin used in commercial project appraisal. These returns can be obtained and, indeed, returns in excess of 20 percent are quite possible. But it is almost equally possible to experience heavy losses in development projects.
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© 2014 Dr. Tim M. Havard
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Havard, T.M. (2014). Understanding and Modeling Risk in Feasibility Studies. In: Argus Developer in Practice. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-6263-3_8
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DOI: https://doi.org/10.1007/978-1-4302-6263-3_8
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Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-6262-6
Online ISBN: 978-1-4302-6263-3
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