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There has been no shortage of headlines in the last twelve months that have pointed to the unaffordability of the UK housing market and the possibility of a property price bubble. However, leading educator and successful property investor, Rick Otton, has revealed that the data actually shows that the UK as a whole is well below the expensive valuations reached in the last property bubble.
(PRWEB) July 10, 2014
Rising property prices and measures to curb a potential property bubble have gained widespread media and investor attention in 2014. However, Rick Otton, who has successfully invested in property markets worldwide and now is focused on educating investors about ways to make money in all markets, has demonstrated that the data actually paints a different picture to the one shown in the headlines.
The most dominant narrative in the property pages of the newspapers this year has undoubtedly been the potential for a price bubble in the property market, said Mr. Otton. With double digit percentage point price rises in London and other parts of the south-east of England, it is easy to believe that the headlines are true. However, recent data by the national Land Registry body shows that the data does not justify talk of a bubble, Mr. Otton went on to say.
In the north-west of the country property prices only rose 1.3%, and in the north east homes and apartments ground out a very weak 0.9% rise. On average, prices across the UK were up only 6.7%. In 2014 the average home costs £172,000, whereas in 2007 the average was closer to £181,000, Mr. Otton explained.
In real terms, this means property prices have gone backwards in the last 7 years as a whole, and any gains in recent years in areas other than the south east of the country are barely keeping pace with inflation.
This interpretation certainly shows that whether you think there is a property bubble or not would largely depend on which part of the country in which you live. Im not sure that people trying to sell their homes in the north, for less than what they were worth in 2007, would agree that there was a bubble of any sort, said Mr. Otton.
In a two-paced market such as this, its important to have adaptable strategies for investing that will show a return whether youre chasing profits in the trendy London boroughs, or the more relaxed pace of the country towns dotted around the UK, said Mr. Otton.
Thats why I advocate that investors looking to buy property in the UK familiarise themselves with the innovative real estate techniques that Ive honed in a range of market conditions. Knowing the conditions on the ground specific to the area you want to buy in is critical to getting great returns, and is something I discuss in my radio show, Mr. Otton said.
Mr. Otton regularly records his We Buy Houses Radio Show, imparting his innovative and successful real estate buying and selling strategies for investors benefit.
More information about Mr. Ottons UK property investment strategies, along with complimentary educational resources, can be found at http://www.RickOtton.co.uk.
Property investment professional Rick Otton has, over the last 24 years, developed innovative real estate strategies for application to the UK, Australian and the United States property markets. His unique low-risk, high-reward strategies for buying and selling houses are at the heart of his own business, We Buy Houses.
It is now over 11 years since Mr. Otton first introduced his property transaction strategies to the UK, and 2014 marks the 6-year anniversary of his innovative Buy A House For A Pound process one that is often attempted to be emulated by others. He continually refines his tools and techniques for real estate transactions, and shares these with his students all over the world. By adapting to developments in the property environment, this strategy refinement 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.
In sharing his non-bank-loan strategies, Mr. Otton has shown everyday UK men and women how to beat the rental cycle and have their own homes. He coaches students on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
He has made available for download, at no cost, his Power Property Profits Pack at RickOtton.co.uk. For more information, phone enquiries in the UK are welcome on 0207 000 1027.
For the original version on PRWeb visit: http://www.prweb.com/releases/uk-real-estate/rick-otton-analysis/prweb12005219.htm
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