Series 1: Property development where?s the money?

Property development is a widely used phrase that covers a multifaceted business sector with many different ways to make a profit. Most people immediately think of speculative property development this is when land is purchased, a main contractor is retained and a development is ?built out?. Before this happens a site may change hands several times as various development speculators and planning permission experts work to maximise the site value. This is usually done by ?maximising density?, so a site might be purchased or an option obtained with it currently having planning for 2 detached dwellings and a planning expert or planning law consultant may be able to obtain a new planning decision in favour of four town houses. This will immediately increase the value of the site and the site may then be disposed of through the auction or a land agent for an instant profit.