(PRWEB) May 14, 2014
The Wall Street Journal recently published an article on its widely read property news column, which garnered attention from a broad range of property market experts. With this article in mind, real estate educator, Rick Otton, has again reminded Brits that the modern property investment strategies he teaches are not impacted by ‘the markets’.
“The main cause for alarm was the theory that it is becoming prevalent amongst UK banks and commentators that the forces underpinning the UK property market are unsustainable, and are driving the market towards a correction in house prices after several periods of unchecked gains,” said Mr. Otton.
“In particular, house prices in the past year have risen by almost 11per cent, with predictions of a further 20 per cent increase in the next five years across the country, according to a leading building society,” he continued. “As always, London has struck out ahead of the pack, with an eye-watering 18 percent gain on the previous year in apartment and dwelling prices expected to be backed up by a 25 percent spike in the coming half decade.”
It’s not just the rapid rises that have contributed to fears, with leading indicators also suggesting that a slowdown is imminent. The most prominent among these is a fall in mortgage approvals, which, according to the WSJ article, are down below the 68,000 per month mark.
“It is also difficult to dismiss this as an outlier, as is the second consecutive month of approval declines,” said Otton.
“When you add to the mix the fact that in real terms, rents are declining as property prices are rising, the yield on investments is becoming lower. So it’s hardly surprising that more people are turning to innovative property investment strategies when buying and selling real estate.”
“I’m pleased to see an increase in the number of people who are ordering my complimentary Power Property Profits Pack on RickOtton.co.uk to help them understand the non-traditional options available to them.”
Mr. Otton has a reputation for allaying the fears that result following media reports on the fluctuating UK property market. His is often the voice of calm, with his proven expertise and results achieved in all market conditions.
“I’ve been teaching UK property investors modern, innovative strategies for over 10 years. They have learned how to buy and sell without saving a hefty deposit, or applying to the banks for a mortgage,” he said. “Those who are prepared to take a creative approach are the winners, whatever the market.”
Rick Otton is a property investment professional who over the last 20 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 to his free downloadable Power Property Profits Pack is available at RickOtton.co.uk, as are details of early bird pricing for his next UK real estate training conference in March 2014. Phone enquiries in the UK are welcome on 0207 000 1027.