The impact, however, is that prices are being driven up. Investors keen to get into the market are struggling to fulfill their plans to build long term wealth, while aspiring buyers are being forced to rent for longer under uncertain conditions.
(PRWEB) March 16, 2014
In the throes of UK’s frenzied housing boom and talk of a property bubble, real estate investors are being forced to wade their way through a series of startling predictions. The latest is that an average central London flat will cost £36m by 2050. Global real estate strategist, Rick Otton, is offering nervous Britons creative real estate solutions at a three-day property intensive he’ll host in the UK later this month.
According to projections by London Central Portfolio, one of the biggest investors in “prime” property in the capital, the average flat could fetch £36m by the middle of the century – based on its predictions of 9%-a-year growth in prices.
It claims the property price inflation seen over the past four decades in London’s prime property areas (which it defines as the areas surrounding Hyde Park, from Notting Hill to Pimlico) will continue for decades to come.
Mr Otton agreed with London Central Portfolio’s claims that foreign investment in UK real estate, fuelled by buyers from China and parts of Eastern Europe, would help keep conditions buoyant for some time.
“The impact of this, however, is that prices are being driven up. Investors keen to get into the market are struggling to fulfill their plans to build long term wealth, while aspiring buyers are being forced to rent for longer under uncertain conditions,” he said.
Ultimate real estate bootcamp
Rick Otton’s Zero-Debt Property Cash Flow Bootcamp, being held between 21 and 23 March, is designed to offer participants innovative property investing solutions that can be applied in any location or stage of the housing market cycle.
“The conference is a must for any active investor who wants to explode their business and make money from day one. Participants will take away cutting-edge investment strategies they can use to buy a house without needing a bank loan, a mortgage or investing any of their own money,” Mr Otton said.
“They will be able to hear more about my strategies, directly from me, to boost their profits and positive cash flow from day one.”
For details of the upcoming event visit RickOtton.co.uk/Conference. Also on the site is a sneak peak at some of Mr Otton’s property millionaire secrets, via a download of his complimentary Power Property Profits Pack. The pack contains the latest tips on a range of creative real estate strategies.
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 free downloadable Power Property Profits Pack at RickOtton.co.uk, and 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.