(PRWEB) June 17, 2014
The European Commission released a report this week that gained little publicity, but one that laid out some valuable indicators on the state of the UK housing market. In it, they warned of several threats to the UK arising from the rapid gains in residential property prices in the recent years. UK real estate investment educator, Rick Otton, however is encouraging investors to look beyond what ‘the experts’ say.
“The European Commission isn’t a lone voice in the UK property investment market,” said Mr Otton, “and they are sometimes at odds with what local investors are experiencing – those people who are active in the market, right now.”
“That being said, they do employ some of the brightest economists and researchers in Europe, so when they publish a comprehensive report about the UK like they did this week, it is worth looking past the headlines and seeing what is really inside it,” said Mr Otton.
“The one thing that really stood out for me was their observation that record low interest rates were allowing Brits to take on debts that they once would not have been able to afford to play “catch up” to rapidly rising prices,” Mr Otton said. “They reveal that mortgage levels have shot ahead of household wealth, which can mean that those buying property today in the hot spots are more indebted than those who already held property assets.”
“The other big thing that came out of the EC’s annual report into the UK for me was their speculation that low increases in supply of homes, along with inevitable interest rate rises in the future could well result in many mortgage holders experiencing pretty serious financial stress,” continued Mr Otton.
The European Commission report proposed a host of ways that the British government could respond to what they describe as an imbalance in the housing market, from capping the popular Help to Buy Scheme to having a financial ‘stress test’ for people applying for mortgages to see how they would cope with higher interest rates.
Innovative UK Property Investment Strategies
For many years Mr Otton has been a passionate advocate for property investors seeking to build their wealth through real estate. While the conditions in the UK have been favourable lately, his methods have been shown to work in periods of growth and falling prices alike, which has proven a key to his ongoing success as an educator and investor.
“What I would encourage investors from London to Southampton, and everywhere else in the UK to do is investigate the range of options out there for investing in the property market. I think many would be surprised to learn there are far more innovative and creative ways to entering the property market than the traditional bank backed mortgage,” he said. “If you look outside the box, you also reduce your exposure to some of the risks that the EC report shows could be a real problem for many in the future,” said Mr Otton.
“The worst thing you can do at any time in the property investment cycle is to sit on your hands and wait for things to be ideal. It’s up to buyers and investors to investigate the full wealth of options they have at their disposal, I think that most will be pleasantly surprised,” said Mr Otton.
Mr Otton’s UK real estate investing techniques can be found at http://www.RickOtton.co.uk.
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 Pty Ltd.
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.
Details of Mr Otton’s strategies and techniques can be found now at http://www.RickOtton.co.uk, with phone enquiries, in the UK, welcome on 0207 000 1027.