Definition of real estate development:

The real estate developer is a person who sells built or under construction spaces. Nowadays, he initiates the process of the new offers in real estate. His expertise, knowledge of opportunities on the demand side and its control of the primary resource, the land, the major agent of the real estate market, is the one who serves as an obliged intermediary between the other actors (especially users of space, financiers and regulatory authorities).

Most developers are small businesses run by former lawyers or realtors. They have few employees and little investment, but they have the ability to find the necessary financing from banking institutions.

The ease of financing, and thus starting up of a new project, depends on the state of the real estate market of the moment in the category of the projected space and the financial strength of potential tenants that the developer has unearthed. The proponent must demonstrate a level of pre-lease deemed sufficient by the lenders for the property type and market in order to minimize the risk of new development. The term real estate was invented in 1954 in the entourage of Fernand Pouillon to denote previously known as the "editors of real estate business."

The intense housing supported by the government and real estate speculation which accompanied it consecrated the character and the term. Article 1831-1 of the Civil Code describes the role of property developer :"mandate of common interest by which a person called "developer" binds to the master of the work , for an agreed price , through contracts of work rental, has the implementation of a program to build one or more buildings and to proceed herself or to arrange for a fee, agreed to all or part of legal, administrative and financial contribution to the same object. "

The developer maybe an individual or entity. The famous French developers are, for example, unir-immo, Bouygues Immobilier, N'exit, Capri or Meunier. They have almost all of their own site, but sites have launched programs in the aggregation of several developers.

The origin of the term :

The term "real estate" was coined in 1954 in the entourage of Fernand Pouillon to denote what was previously known as the "editors of real estate business. "

The intense housing supported by the French government then and real estate speculation which accompanied it consecrated the character and the term.

According to « Robert historique », the term "developer" has come to the mid-twentieth century to specifically designate the developer, "a person who provides funding and construction of buildings. " The terms "property development" and "property development" are equivalent but "Developer" belongs to the anglicism.