Is now the time to make money from property?

With many in the industry now predicting a double dip, and the latest figures showing a 1% fall in property prices last month, you would need to be brave to purchase a new property development or renovation project. The price of auction property and those in need of modernisation is directly related to the property market sentiment. When there is talk of us being ?out of the worst of it? and the ?green shoots of recovery?, you can almost see the auction guide prices rising with every positive comment. Considering that most large property developments, conversions, and renovations will take up to a year to be back on the market, you must consider where prices will have settled in a year?s time. If your project requires planning applications, conservation works or grant funding the project period could be nearer to 2 years. So is now the best time to profit from the populations concerns of further pressures on property prices. With Land prices facing a recent revival it look like some of the larger house builders are confident that the future is brighter than many believe.