How much does it cost to invest in property development?
Property development is a big upfront cost, but if you sell quickly can reap major rewards. The costs are buying the land; securing finance and planning; materials; builder/contractors and marketing/sales costs. Building plots vary from around £100,000 to millions pounds depending on how big they are and where they are. Build costs tend to be from 50-£60k per property with legal, finance, selling/marketing fees around 10-15% of the purchase costs.
