(PRWEB) January 01, 2014
As Britain’s real estate prices continue to climb, much attention has been placed on low interest rates and government-assisted home ownership schemes. However in a recent interview, property investment specialist Rick Otton has said that expats are contributing significantly as well.
“Prices for real estate in many areas of the UK are predicted to increase over the next five years, and the media is giving this boom a lot of coverage,” said Mr Otton. “British expats see these reports and hear about rising prices back home. And because they are often earning way more than their contemporaries back home, they are in an ideal position to invest.”
“While they may appear to have an unfair advantage, particularly those who are enjoying tax breaks, these expats want to return home eventually, and don’t want to be priced out of the market when they do.”
The Office of Budget Responsibility has predicted that house prices could increase by over 20 per cent in the next five years, particularly in London and the south-east. At the same time Chancellor George Osborne has said the British Government will be watching the real estate market closely, with a commitment to avoiding ‘the mistakes of the last decade’.
“The big concern in times like this is that people, regardless of where they live now, will over-commit in their rush to buy before prices increase,” said Mr Otton. “Others might look at property investment funds to do the investing for them. Both of these options can be fraught.”
Mr Otton has a reputation as a creative thinker in the property investing world, and he believes that the traditional ways of buying and selling real estate belongs in the past.
“It is the lending institutions who want us to think that the only way to buy property, if you don’t have cash upfront, is by applying to them for a mortgage - and that is simply not true anymore.”
“The strategies that I share will allow almost anyone to get a foothold on the property market now, regardless of whether they have a deposit saved - even if they have been turned down by a bank already.”
To help Britons take first steps to understanding some of the more innovative ways to buy and sell real estate, Mr Otton has made available a Free Report as a complimentary download on his website http://www.rickotton.co.uk/freereport/.
About Rick Otton
Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative 'low-risk, high-reward' approach to buying and selling houses is exemplified in his own business, We Buy Houses.
This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative 'Buy A House For A Pound' process - one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.
In 2012 Rick Otton published his Australian book 'How To Buy A House For A Dollar' which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.
Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
Access his downloadable Free Report at http://www.rickotton.co.uk/freereport/, as are the details of early bird pricing for his next UK 3-day real estate training conference in March 2014. Phone enquiries in the UK are welcome on 0207 000 1027.