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Business and housing property development plans get the thumbs up after they have survived a development viability assessment. Normally such assessments are carried out by a niche company dedicated to carry out this kind of assessments, such as Three Dragons. What sort of standards must this variety of suggested property development fulfill to be advised as viable? Some basic requirements could be (and by no means an exhaustive list):-

• a taking into account of the firms and average salaries in the region surrounding the proposed site
• approachability to the suggested development project by motorcar, rail, bike, and on foot
• the projected sale/rent price of the kind of properties (or office units if it’s an industrial park) in relation to the surrounding community
• the design and construction costs for the suggested new site
• impact the development could inflict on immediate transport roads
• current findings from similar development properties around the country
• effect to the local council – more roads to tidy, lighting to set up, rubbish to take away

That presents you merely an initial approximation of the variety of matters such suggested new property sites are assessed for. A damaging impact from one or more of the preceding matters may prevent the housing project from being realised. Naturally, there will be further issues unique to each individual development property plan, as well as further issues not mentioned in this article.