An important prerequisite for the implementation of a successful project in the real estate sector is to carry out a detailed pre-project research, study all the strengths and weaknesses of the project implementation, identify and analyze risks and opportunities. This stage is a kind of guide to the initial stage of the project and its main purpose is to create the right expectations for the investor. The feasibility study of a new real estate project includes the following components:
- Analysis of technical and economic factors of the project;
- Market analysis;
- Analysis of competitors;
- Analysis of project costs;
- Analysis of construction costs;
- Preparation of forecasts for sales and income;
- Financial modeling for project implementation.
We recommend engaging a professional consultant at an early stage. The consultant will help you make the right investment decision and plan a financially successful project, whether it is the purchase of a land plot for a development project, or investing in other types of commercial, office or residential real estate.