How is the current financial situation affecting the property development finance thing? – can developers still get money?
Rating: +1
short answer is, badly!
however there is slightly more to it than that. There are still funding opportunities out there, but developers have to be mindful of their profits margins. Lenders are looking incredibly closely at these deals and are making absolutely sure of every aspect of a deal.
As a general rule we would suggest that if you do not have experience, a healthy amount of working capital and a really good plot with great resale values . .then, for the time being, property development finance is probably not for you!
