Best property development profits could be right now?

There has been much speculation particular amongst property professionals that now could be one of the historic low points in the property cycle, and therefore one of the best times to make a profit from property development.
With property developers now able to pick up some great bargains, could now be the best time for many to launch into their new dream profession of full time property developers. The biggest challenge for many first time property developers is obtaining suitable finance. The much tighter lending criteria has meant a rationing of development lending with the available funds going to those developers with good deposits and a proven track record of success.
As always with developments the key to success is by at the right price and keep a keen eye on costs, it is essential to find the right contractor with the right experience.