The world of house building and property development sites is awakening from its slumbers, there is the sound of the first tentative footsteps from the speculative property development funders. Land agents are starting to dust themselves down and pick themselves up after some of the knock out blows that the down turn in the property market has caused them.
Property and land deals are starting to be put together with the usual collaborations and joint ventures from the banks and funding agencies with property developer’s builders and main contractors. Land agents are starting to enjoy their finder’s fees and the professional fees for architects, commercial surveyors, and conveyances are starting to flow. Many of the professionals within the property sector are looking to build back there reserves and to recruit new staff. The designers and estate agents are watching for the first signs of new build properties coming to market.
The many private investors and investment consortiums are starting to flex their muscles after a long and unwelcomed break. The banks and development funding agents along with auction and bridging finance houses are starting to talk to the secondary and tertiary lenders to see if property deals stack up.
There are design statements, feasibility studies, and development appraisals being written with bankers and lawyers starting to prepare joint venture and funding contracts, project meetings and property development negotiations taking place and soon there will be site clearances, demolition, and ground works taking place. The companies that complete the preliminaries, main contractors and sub contractors will start to see their contract managers and quantity surveyors busily preparing tenders documents. Soon there could even be builders building, is some normality returning to the property development and property sector?