What type of study considers the economic viability of a property investment?

A feasibility study is a comprehensive evaluation that assesses the economic viability of a property investment. It involves analyzing various factors such as costs, potential revenues, market conditions, legal considerations, and overall profitability. By systematically examining these elements, a feasibility study helps investors determine whether a project is worth pursuing or if adjustments are needed to make it more viable.

Market analysis, while related, primarily focuses on assessing the demand and supply dynamics of a specific market rather than the overall viability of a particular investment decision. Cost appraisal deals with estimating the value of a property based on its features and market conditions, rather than evaluating the financial feasibility of an investment project. Risk assessment, on the other hand, identifies and analyzes potential risks associated with an investment, but it does not directly evaluate the economic viability as a feasibility study does.