Words / G / Business

gross development value

noun/ɡrəʊs dɪˈvɛləpmənt ˈvæljuː/

C2CEFR level
92/100Rarity: very rare
TechnicalRegister

The estimated open-market value of a completed development scheme.

Rising build costs squeezed the margin between construction spend and gross development value.

Similar: GDV

Topic: Real estate & property in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Real estate & property