3. The Finance Options & Criteria for Securing Finance for Real Estate Project Development in Developed and Emerging Economies

Finance is essential to the real estate project development sector’s success and an understanding of the sources and criteria for securing finance is instrumental to the ability of the manager to secure funds for project development. There is varied literature on finance sources for real estate project development. However, there is a need to know specifically the finance options available to managers in the developed and emerging economies respectively. Based on the survey results of 116 managers made up of 35 interviews and 81 responses to the questionnaire surveys from managers engaged directly in real estate financing activities, this chapter presents the findings on the finance options and criteria for securing finance for real estate project development in the developed and emerging economies. The study developed an inventory of finance options and criteria for securing finance for real estate project development in developed and emerging economies which include Germany, the UK, and the USA as the former, and China, Nigeria, and South Africa as the latter.