(PRWEB) April 11, 2012
It is clear that the global economic meltdown is rapidly progressing and has affected even first world countries. UK is not an exception.
Overseas property adviser Assetz stated that UK property prices have been falling for eight months now. With Britain on the brink of second recession, property investment specialist Rick Otton believes that the real estate market will suffer the most as banks will be less willing to approve loans.
?Recent news shows that the UK economy is almost failing, as evidenced by the current property market struggling to weather these challenging times. Real estate investment companies are going bankrupt if the property prices do not pick up soon,? Mr. Otton said.
Despite the price drop which has been running since the second quarter of 2011, first-time buyers are reported to have spent 0.7% more. Mr. Otton said that this will be a difficult time for real estate investment.
?Loans will be almost impossible to get approved because the lenders are hesitant to lend money due to the weak economy. The solution would be property investment strategies that do not rely on banks,? he said.
Rick Otton is known for his revolutionary strategies in real estate and has taught thousands of students how to create a solid property portfolio with no bank loans and no cash.
?My strategies themselves were born on a situation parallel to what the UK is going through right now. During the Savings and Loans crisis in Texas in 1980, I wanted to buy houses but the banks would not grant me any loan. They stopped lending so I formulated my own strategies,? Mr. Otton continued.
Rick Otton?s property strategies have been proven successful in several countries including Australia and the US. He travels regularly to teach his students how to create positive cash flow through real estate investment.
?I want to teach people strategies that will get them through this financial crisis, and other difficult times to come. I want to help them achieve their dreams, be it to buy their dream house or to jumpstart their career in the property market. We should not be hindered by a failing economy, we should find a way to fulfill our goals despite the depressing situation,? said Mr. Otton.
Information on Rick Otton?s strategies can be found here: http://www.rickotton.co.uk/
About Rick Otton
Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA and Australia.
In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio of 76 properties in his first twelve months of active investing.
Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt or risk. By employing these same strategies many of Rick?s students have made over a million dollars a year in cash and equity, using little or none of their own money, year after year.
In 2008 Rick revealed his strategies in the United Kingdom and became the creator of ?Houses for a Pound?.
He has appeared in the following Australian TV programs: 2004 ABC documentary ?Reality Bites? and on Today Tonight, Insight and A Current Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9?s Hot Property.
Rick Otton has also been featured in Your Property Network, Australian Property Investor, Lifestyle Trader Magazines and in the books: The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.
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