"Evaluación financiera de proyectos inmobiliarios : "variables que intervienen en su elaboración"

Abstract

This work has the purpose of studying the main variables and the basic criterions in order to evaluate financially real estate projects and to understand their economic behavior. Firstly, to approach to the topic, some concepts are defined; these ones are related to financial evaluation of projects and real estate projects management; from this part, we can realize that a big quantity of different focus disciplines concurs in a real estate project; such disciplines should be coordinated and blended in order to achieve the best result, all in the search of a competitive final product which add value to the persons who have the initiative of developing it; therefore, the entire group of project professionals will take its role understanding the project as an administrative unit which will be led by a Project manager. These concepts are considered basic for persons who want to exercise their profession taking part of the construction industry. After that, normative and legal variables applied in real estate projects evaluation are studied; general conformation of the real estate projects financial structure is described. Lastly, a report model which contains technical, administrative and financial quantitative variables is introduced; such model allows simulating the interaction among variables in order to calculate the profitability of any real estate sector project, not only in the initial evaluation process but also during the execution, becoming an administration tool.