aspiring home buyers are being increasingly frozen out of the market - they simply cannot pay rising rents, cope with increased costs of living AND save for a house deposit as well.
(PRWEB) January 10, 2013
Property investment strategist, Rick Otton, is well known for his innovative approach to real estate transactions. In announcing his UK property investing conference for April 2013, he points to the need for creative thinking as a way for UK residents to move out of the rental cycle.
“I’ve just read a report in the Daily Mail in which the Royal Institution of Chartered Surveyors (RICS) predicts that the cost of the average home in Britain will rise by two per cent in 2013, but at the same time, the average increase in rental costs will rise by four per cent,” said Mr Otton.
“What this means is that aspiring home buyers are being increasingly frozen out of the market - they simply cannot pay rising rents, cope with increased costs of living AND save for a house deposit as well,” he continued. “It doesn’t add up - and young families, immigrants and the self employed are particularly affected.”
At the other end of the spectrum, the RICS forecasts that those home owners who are looking to sell will continue to struggle to get a return on their investment. From a peak of £200,000 in 2007, the average cost of a home in the UK is now just £161,000.
“So on the one hand we have people who want to buy a home in the UK but can’t save the hefty deposit that the banks ask for, and on the other we have people who want to sell, but who can’t find buyers at the price they want,” explained Mr Otton. “Common sense would tell you that by bringing these wannabe buyers and sellers together, great things could happen!”
Mr Otton has for many years been putting together, testing and teaching strategies that can do just this, resulting in a win-win situation - without involving traditional lenders. In fact, he has created a whole business around these real estate investment strategies, and many of those he has coached have become successful property investors in the UK as a result.
It is these strategies that Mr Otton will be sharing at his Zero-Debt Property Cash Flow Conference 2013, which will be held in the UK over the three days 19-21 April.
More information, and registration details, can be found at RickOtton.com.
About Rick Otton
Rick Otton has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth.
He is the founder and CEO of We Buy Houses, which operates in the U.S., U.K., Australia and New Zealand putting his strategies to work every day.
Otton received his start in alternative real estate investment in 1991 and within a year acquired 76 properties. In the following years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate.
Now, Otton shares the wealth by sharing the wisdom, teaching others how to buy and sell real estate without cutting banks and other middlemen in on the deal.
In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ‘Houses for a Pound’. Otton has been featured in a variety of television programs and magazines.
Details of Mr Otton’s UK Zero-Debt Property Cashflow Conference are at RickOtton.co.uk.