This book provides an overview to the context of property development so that students and professionals can examine the stages of development in the process. The stages are developed from initial consideration to site finding, general appraisal, valuation, funding, construction and marketing. In providing the context for development the author is able to focus on two key areas of the process: appraisal and finance. New ideas, concepts and techniques are introduced in considering the valuation of development properties, cash flow approaches, computer applications and risk analysis. In the area of finance, up to date information on the sources of development finance and the criteria for lending is provided. Project-based funding is examined in detail, as well as corporate funding and institutional investors. Joint venture arrangements and property companies are also discussed. A final section of the text deals with financial management. The book will appeal to a wide readership among students and practitioners in the built environment, especially those studying or involved in estate management, property funding and development, planning, surveying and construction.