Speculative construction - Revision history

Designing Buildings at 09:23, 2 December 2020

2020-12-02T09:23:07Z

← Older revision		Revision as of 09:23, 2 December 2020
Line 41:		Line 41:

	However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.		However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.
		+
		+	See also: Speculatice architecture.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
Line 64:		Line 66:
	* Real estate investment trust.		* Real estate investment trust.
	* Residual valuation of land.		* Residual valuation of land.
		+	* Speculatice architecture.
	* Types of building.		* Types of building.
	* Types of development.		* Types of development.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Designing Buildings at 08:53, 30 September 2020

2020-09-30T08:53:15Z

← Older revision		Revision as of 08:53, 30 September 2020
Line 67:		Line 67:
	* Types of development.		* Types of development.

−	[[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Designing Buildings at 09:40, 4 August 2020

2020-08-04T09:40:21Z

← Older revision		Revision as of 09:40, 4 August 2020
Line 65:		Line 65:
	* Residual valuation of land.		* Residual valuation of land.
	* Types of building.		* Types of building.
−	* ~~[[Types_of_risk_in_construction_projects\|~~Types of ~~risk~~.]]	+	* Types of development.

	[[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 16:41, 18 February 2019

2019-02-18T16:41:19Z

← Older revision		Revision as of 16:41, 18 February 2019
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	* Landbanking.		* Landbanking.
	* Off-plan property.		* Off-plan property.
		+	* Overbuild.
	* PFI.		* PFI.
	* Project-based funding.		* Project-based funding.

Editor at 18:05, 29 January 2019

2019-01-29T18:05:01Z

← Older revision		Revision as of 18:05, 29 January 2019
Line 42:		Line 42:
	However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.		However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.

−	= ~~Find out more~~ =	+	= Related articles on Designing Buildings Wiki =

−	~~=== Related articles on Designing Buildings Wiki ===~~	+	* Built to suit.
−		+
−	* ~~Build~~ to ~~Suit~~.	+
	* Business case.		* Business case.
	* Buyer-funded development.		* Buyer-funded development.

Editor at 17:55, 29 January 2019

2019-01-29T17:55:53Z

← Older revision		Revision as of 17:55, 29 January 2019
Line 46:		Line 46:
	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

		+	* Build to Suit.
	* Business case.		* Business case.
	* Buyer-funded development.		* Buyer-funded development.

Editor: Reverted edits by 212.219.190.146 (talk) to last revision by Editor

2018-10-18T14:56:45Z

Reverted edits by 212.219.190.146 (talk) to last revision by Editor

← Older revision		Revision as of 14:56, 18 October 2018
Line 1:		Line 1:
−	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]] hi i am callum dunn i like fatties The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.yIn other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth. Examples of speculative construction include: * Building houses to sell. * Converting a building into apartments to sell. * Constructing retail space such as a shopping centre, to leases spaces or sell. * Constructing a business park, or office space to sell or lease. * 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site. Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious. It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt. Considering whether to undertake a project will depend on a range of conditions, including: * The availability of suitable sites. * Residual valuation - the process of valuing land with development potential. * The likelihood of obtaining necessary approvals (such as planning permission). * The type, size and complexity of the development. * The amount of capital that has to be invested. * Financing arrangements. * The time period involved. * The market conditions at the time and in the future. * The potential return on investment. * Comparison with other potential projects. It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common. It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings. The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester. More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices. 'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment. However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information. = Find out more = === Related articles on Designing Buildings Wiki === * Business case. * Buyer-funded development. * Construction project funding. * Custom build. * Developer. * Development appraisal. * Development manager. * Existing use value. * Hope value. * Investment property. * Land value. * Landbanking. * Off-plan property. * PFI. * Project-based funding. * Property development finance. * Real estate investment trust. * Residual valuation of land. * Types of building. * [[Types_of_risk_in_construction_projects\|Types of risk.]]	+	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]]

−	[[~~Category:Articles_needing_more_work~~]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.
		+
		+	In other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for what they want.
		+
		+	Examples of speculative construction include:
		+
		+	* Building houses to sell.
		+	* Converting a building into apartments to sell.
		+	* Constructing retail space such as a shopping centre, to leases spaces or sell.
		+	* Constructing a business park, or office space to sell or lease.
		+	* 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site.
		+
		+	Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious.
		+
		+	It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt.
		+
		+	Considering whether to undertake a project will depend on a range of conditions, including:
		+
		+	* The availability of suitable sites.
		+	* Residual valuation - the process of valuing land with development potential.
		+	* The likelihood of obtaining necessary approvals (such as planning permission).
		+	* The type, size and complexity of the development.
		+	* The amount of capital that has to be invested.
		+	* Financing arrangements.
		+	* The time period involved.
		+	* The market conditions at the time and in the future.
		+	* The potential return on investment.
		+	* Comparison with other potential projects.
		+
		+	It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common.
		+
		+	It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings.
		+
		+	The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester.
		+
		+	More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices.
		+
		+	'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment.
		+
		+	However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.
		+
		+	= Find out more =
		+
		+	=== Related articles on Designing Buildings Wiki ===
		+
		+	* Business case.
		+	* Buyer-funded development.
		+	* Construction project funding.
		+	* Custom build.
		+	* Developer.
		+	* Development appraisal.
		+	* Development manager.
		+	* Existing use value.
		+	* Hope value.
		+	* Investment property.
		+	* Land value.
		+	* Landbanking.
		+	* Off-plan property.
		+	* PFI.
		+	* Project-based funding.
		+	* Property development finance.
		+	* Real estate investment trust.
		+	* Residual valuation of land.
		+	* Types of building.
		+	* [[Types_of_risk_in_construction_projects\|Types of risk.]]
		+
		+	[[Category:Cost_/_business_planning]] [[Category:Property_development]]

212.219.190.146 at 12:51, 18 October 2018

2018-10-18T12:51:41Z

← Older revision		Revision as of 12:51, 18 October 2018
Line 1:		Line 1:
−	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]] The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.yIn other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth. Examples of speculative construction include: * Building houses to sell. * Converting a building into apartments to sell. * Constructing retail space such as a shopping centre, to leases spaces or sell. * Constructing a business park, or office space to sell or lease. * 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site. Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious. It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt. Considering whether to undertake a project will depend on a range of conditions, including: * The availability of suitable sites. * Residual valuation - the process of valuing land with development potential. * The likelihood of obtaining necessary approvals (such as planning permission). * The type, size and complexity of the development. * The amount of capital that has to be invested. * Financing arrangements. * The time period involved. * The market conditions at the time and in the future. * The potential return on investment. * Comparison with other potential projects. It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common. It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings. The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester. More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices. 'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment. However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information. = Find out more = === Related articles on Designing Buildings Wiki === * Business case. * Buyer-funded development. * Construction project funding. * Custom build. * Developer. * Development appraisal. * Development manager. * Existing use value. * Hope value. * Investment property. * Land value. * Landbanking. * Off-plan property. * PFI. * Project-based funding. * Property development finance. * Real estate investment trust. * Residual valuation of land. * Types of building. * [[Types_of_risk_in_construction_projects\|Types of risk.]]	+	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]] hi i am callum dunn i like fatties The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.yIn other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth. Examples of speculative construction include: * Building houses to sell. * Converting a building into apartments to sell. * Constructing retail space such as a shopping centre, to leases spaces or sell. * Constructing a business park, or office space to sell or lease. * 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site. Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious. It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt. Considering whether to undertake a project will depend on a range of conditions, including: * The availability of suitable sites. * Residual valuation - the process of valuing land with development potential. * The likelihood of obtaining necessary approvals (such as planning permission). * The type, size and complexity of the development. * The amount of capital that has to be invested. * Financing arrangements. * The time period involved. * The market conditions at the time and in the future. * The potential return on investment. * Comparison with other potential projects. It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common. It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings. The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester. More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices. 'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment. However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information. = Find out more = === Related articles on Designing Buildings Wiki === * Business case. * Buyer-funded development. * Construction project funding. * Custom build. * Developer. * Development appraisal. * Development manager. * Existing use value. * Hope value. * Investment property. * Land value. * Landbanking. * Off-plan property. * PFI. * Project-based funding. * Property development finance. * Real estate investment trust. * Residual valuation of land. * Types of building. * [[Types_of_risk_in_construction_projects\|Types of risk.]]

	[[Category:Articles_needing_more_work]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Articles_needing_more_work]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

212.219.190.146 at 10:44, 20 September 2018

2018-09-20T10:44:48Z

← Older revision		Revision as of 10:44, 20 September 2018
Line 1:		Line 1:
−	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]]	+	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]] The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.yIn other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth. Examples of speculative construction include: * Building houses to sell. * Converting a building into apartments to sell. * Constructing retail space such as a shopping centre, to leases spaces or sell. * Constructing a business park, or office space to sell or lease. * 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site. Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious. It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt. Considering whether to undertake a project will depend on a range of conditions, including: * The availability of suitable sites. * Residual valuation - the process of valuing land with development potential. * The likelihood of obtaining necessary approvals (such as planning permission). * The type, size and complexity of the development. * The amount of capital that has to be invested. * Financing arrangements. * The time period involved. * The market conditions at the time and in the future. * The potential return on investment. * Comparison with other potential projects. It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common. It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings. The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester. More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices. 'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment. However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information. = Find out more = === Related articles on Designing Buildings Wiki === * Business case. * Buyer-funded development. * Construction project funding. * Custom build. * Developer. * Development appraisal. * Development manager. * Existing use value. * Hope value. * Investment property. * Land value. * Landbanking. * Off-plan property. * PFI. * Project-based funding. * Property development finance. * Real estate investment trust. * Residual valuation of land. * Types of building. * [[Types_of_risk_in_construction_projects\|Types of risk.]]
−		+
−	The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.~~yo fuck bali and her paki ways~~	+
−		+
−	In other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth.	+
−		+
−	Examples of speculative construction include:	+
−		+
−	* Building houses to sell.	+
−	* Converting a building into apartments to sell.	+
−	* Constructing retail space such as a shopping centre, to leases spaces or sell.	+
−	* Constructing a business park, or office space to sell or lease.	+
−	* 'Tract homes' where a developer builds model homes to promote the construction of further new homes on a site.	+
−		+
−	Speculative developers typically profit from carefully timing the buying and selling of land. Land for office or housing developments can often be purchased at a cheaper rate during a market depression, and then sold once developed, when the market has recovered. However, there is a very high risk in this, as the costs are very high, the timescales are long, and the consequences of misjudging the market and not finding a buyer are very serious.	+
−		+
−	It is relatively common for speculative developments to remain empty, or partially empty for a long time after completion, and for developers themselves to go bankrupt.	+
−		+
−	Considering whether to undertake a project will depend on a range of conditions, including:	+
−		+
−	* The availability of suitable sites.	+
−	* Residual valuation - the process of valuing land with development potential.	+
−	* The likelihood of obtaining necessary approvals (such as planning permission).	+
−	* The type, size and complexity of the development.	+
−	* The amount of capital that has to be invested.	+
−	* Financing arrangements.	+
−	* The time period involved.	+
−	* The market conditions at the time and in the future.	+
−	* The potential return on investment.	+
−	* Comparison with other potential projects.	+
−		+
−	It is rare that large-scale speculative developments such as offices will be undertaken by anyone other than the largest developers, as the amount of investment and duration can be prohibitive. However, building companies speculating on small-scale industrial developments are more common.	+
−		+
−	It is also common with owner-occupied housing, where there is a relatively short build time, limited capital is tied up in building work-in-progress, and there may be greater willingness from commercial banks to extend credit on the security of land holdings.	+
−		+
−	The notoriety of speculative development rose in particular in the 1980s when the deregulation of the financial sector, and a growth in international financing lead to a speculative property boom, with a number of very significant commercial developments undertaken in the City of London, Canary Wharf, Leeds and Manchester.	+
−		+
−	More recently, speculative developers have come under fire for holding sites that have yet to be constructed. This so-called 'landbanking' has drawn political and public criticism, especially in relation to the housing shortage, with a belief that developers regulate the supply of land in order to artificially inflate prices.	+
−		+
−	'Landbanks' can provide speculative developers a certain degree of market power, as they are not compelled to buy land at specific times or locations in order to build and can instead run down their existing portfolio until market conditions become more favourable. In cities such as London in particular, the rapid increase in the value of land can make land banking a lucrative investment.	+
−		+
−	However, developers have repeatedly rebutted the accusation of landbanking, claiming that many undeveloped sites are actually owned by owner-occupiers, historic land owners, the government and investment funds. See Landbanking for more information.	+
−		+
−	= Find out more =	+
−		+
−	=== Related articles on Designing Buildings Wiki ===	+
−		+
−	* Business case.	+
−	* Buyer-funded development.	+
−	* Construction project funding.	+
−	* Custom build.	+
−	* Developer.	+
−	* Development appraisal.	+
−	* Development manager.	+
−	* Existing use value.	+
−	* Hope value.	+
−	* Investment property.	+
−	* Land value.	+
−	* Landbanking.	+
−	* Off-plan property.	+
−	* PFI.	+
−	* Project-based funding.	+
−	* Property development finance.	+
−	* Real estate investment trust.	+
−	* Residual valuation of land.	+
−	* Types of building.	+
−	* [[Types_of_risk_in_construction_projects\|Types of risk.]]	+

	[[Category:Articles_needing_more_work]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Articles_needing_more_work]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

212.219.190.146 at 10:41, 20 September 2018

2018-09-20T10:41:46Z

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	[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]]		[[File:Canary_wharf.jpg\|link=File:Canary_wharf.jpg]]

−	The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.	+	The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.speculative construction can also be used to as a term for receiving money quickly through investments.yo fuck bali and her paki ways

	In other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth.		In other words, the end user of the development is unknown, but the developer is nonetheless confident not only that they will be able to find a one, but that the type of development they are undertaking will be suitable. This is in contrast to custom building, when a builder is contracted for a specific development by a client who is able to provide a brief for billy big bollocks and Joshua Lowe, who is a small time architect who likes taking big buildings down his throat as he loves the build up of cement around his mouth.