Feasibility Study

All our real estate feasibility studies are prepared in accordance with RICS (Royal Institution of Charted Surveyors).

Depending on the development stage of your real estate project we offer you four service levels:

  1. Preliminary feasibility study
  2. Feasibility study based on concept design
  3. Feasibility study based on building permit
  4. Feasibility study based on building drawing

All types of studies explore the highest developer’s profit of the potential real estate project, having analysed it from legal, technical, economic, and financial point of view.

  1. Preliminary feasibility study
    We seek the highest and best use of your property within the framework of the actual building zone and beyond, having considered the possibility of changing the current building regulations.
    We inspect the real estate and depending on your requirements we undertake a site or building survey, and investigate other legal aspects of the asset.
    We draft propose the most profitable real estate functions based on the current and future real estate market trends, the physical attributes, and additional amenities of the property.
    We model two or three of the most beneficial potential functions in a residual method which includes the cost of land purchase, construction cost, soft costs of the project, GDV (gross development value) of the completed asset at date of the exit, having concluded the potential developer’s profit and IRR.
  2. Feasibility study based on concept design
    Beyond the above-described service, the selected potential property functions and the profitability calculations are supported by architectural concept designs, being able to provide a more exact estimate for the buildable areas and the profitability of the project.
  3. Feasibility study based on building permit
    We search the developer’s profit of the project based on the planned function and technical parameters.
    We prepare a detailed competition analysis, having analysed the current real estate market, future trends and expected real estate market cycles.
    We prepare the residual model which incorporates cost of land purchase, construction cost, soft costs of the project, GDV (gross development value) of the completed asset at date of the exit, including the potential developer’s profit and IRR.
  4. Feasibility study based on building drawing
    Beyond the above-described services we prepare a detailed cost estimation with a partner quantity surveying company.