(PRWEB) June 21, 2014
The Office of National Statistics found that house prices in the UK is now at £260,000, which means that prices jumped 9.9 per cent or £22,000 in the past 12 months, westerndailypress.co.uk reported on 17 June 2014.
After learning about this development in the real estate market, Rick Otton, a highly respected and sought-after property coach in the U.K., would like to reassure U.K. residents that it is still possible to buy affordable properties despite current price averages.
“For the past few months, high buyer activity, due to the government’s ‘Help To Buy’ scheme and the rush of foreign investors, has fueled the continuous rise of house prices in the country. Unfortunately, as prices rose month after month, regular folks around the country suddenly found themselves priced out of the market, and as a result many, who felt like they can’t afford to get property at the current rate, are choosing to give up their pursuit of a house or a property investment,” according to Mr. Otton.
“The truth is no one has to give up on their dreams of becoming homeowners or property investors. This just became a common recourse for many, since people equate affordability with low house prices. But for those unwilling to give up their passion for property, there are alternative ways to enter the U.K. real estate market without worrying too much about the cash you need to get in,” he continued.
Mr. Otton said in an interview that true affordability comes from the terms of the deal, and not just with the price tag that come with the property for sale.
“For me, the true meaning of an affordable house is one that’s easy to buy. And when I say ‘easy to buy’, it simply means not needing a large cash deposit just to get in. If there was one thing that the global financial crisis of 2008 taught us, it would be to change the way we buy, sell, transact, and grow our property portfolios. We must start moving away from processes that create a large amount of debt, into a strategy that promotes flexible payment terms between the buyers and sellers,” he shared.
Visit http://www.rickotton.co.uk/ today to get more information about creative seller finance strategies and how these strategies can be applied in changing market conditions.
These strategies are also discussed in Mr. Otton’s weekly podcast “Creative Real Estate Show”.
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.