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Rick Otton Reveals Which Suburbs Cost the Same Per Square Metre As a New Car(July 23, 2014)
(PRWEB) July 23, 2014
Rick Otton, a market-beating property investor turned author and educator, has recently revealed the patchy nature of the UK property market, with some areas per square metre prices matching those of new cars, while others struggle.
Every so often there is a statistic or measure published that really makes even experienced property market investors and watchers like myself pause said Mr. Otton. I read one of those statistics this week. Data from Halifax reported that in the fashionable London suburbs of Kensington and Chelsea at current prices, a square of the property measuring 100cm by 100cm would cost £10,854. Thats right, over ten grand for one square meter of property. What really brings the point home is that for that outlay you could purchase a brand new 2014 model small car! said Mr. Otton in amazement.
Londons price strength knows no bounds, with every single borough in the capital recording a price increase in the last five years said Mr. Otton. However, other areas are not doing nearly as well.
In both the north and the west of the UK, local authorities are reporting stagnating or even declining property prices when compared to five years ago said Mr. Otton. Over half of Welsh districts and all but four out of 30 Scottish local authorities are reporting house prices at lower levels than were seen in 2009. This means that investors have essentially gone backwards on their property investments over this time, especially once inflation and taxes are taken into account, said Mr. Otton.
What this data goes to show is that innovative strategies are required to harness the best returns in a market like this one, where one part of the nation is powering on to eye-watering new heights while others struggle to even break even said Mr. Otton. Arming investors with the tools they need to prosper in this very two-paced property market is the main goal of my regular radio show and podcasts, where I impart as much information as I can to investors so they can create wealth for themselves and their families by investing in the UK property market Mr. Otton went on to say.
Investors interested in listening to the most recent podcasts of the We Buy Houses Radio Show, which is hosted by Mr. Otton, are encouraged to visit website http://www.WeBuyHousesRadio.com.
Further information on Mr. Ottons alternative real estate investing strategies can be found at http://www.RickOtton.co.uk
About Rick Otton
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.
Read the full story at http://www.prweb.com/releases/london-property-prices/rick-otton-analysis/prweb12036212.htm.