Ive been in my current place 9 months and next door to me have sold their's for a 15k profit so im well chuffed (new apartment's)
people are right that other properties are going up aswell so your not making anything as you have to spend it again, but if your clever you can buy in developing areas which are going up in rate more than the national average.
People who purchased apartments in B'ham city centre have made 100-150k profit on 2 bed apartments in about 5-6 years due to a development boom.
A work mate of mine has made 60k on a 2 bed pad in a development called Park central in 2 1/2 years which is bloody good going.
Ive heard through the grape vine that Northampton is a place where alot of sensible money is going currently. Thinking of buying a place off plan in that area myself and letting it out on completion?
Also national builders are always willing to do you a bit of a deal on places if your cheeky enough to ask. I got 5% taken off my place, carpets, and a grand cash back on completion, if i put a small deposit on it their and then just by giving them some story about me prefering another development and thinking of spenging my money with them instead.
Jamie