So the economy is still in recession but with good market research, planning and financial analysis there’s still money to be made in the property development market.

The number of single people seeking homes is going up with an ageing population and because of divorce. Low levels of interest and a lack of new homes is continually putting upward pressure on the housing market. The slow planning process has also failed to deliver enough housing.

A good indicator of an up and coming area is the growth in business properties. These figures can be gained from local authorities.

It’s also important to make sure that your ideas for a development fit what the market want. There’s no point developing a big house into flats if it’s not what people want and would therefore lose you money.

Once you’ve decided which market you’re going to look at it’s then important to choose the right property. Choose a development which is within your abilities or that your builder can develop within your budget.

With the right market and the right property, development is still worth it.