The United Kingdom is one of the most significant countries to think about for property investment, according to property investment business Baron & Cabot, which has urged Nigerians to take advantage of the country’s favourable real estate laws.
Mark Pearson, the company’s founder and managing director said that it is wise for Nigerians to invest in properties somewhere they will not need to worry about inflation and where they will also receive adequate returns on their investment while speaking with a small group of journalists in Lagos over the weekend.
“There are many advantages to investing in UK real estate, and inflation is one of them. This is true whether you purchase a property in Nigeria, rent it out, and earn money in naira. However, you lose money due to inflation when the currency is translated to dollars or pounds,” he said, as reported by the Nigerian Tribune.
“You can start your United Kingdom property investing with £50,000 to £200,000. Then, depending on your mortgage plan, you can expect a double return in three to five years. You will consider using that return to purchase another home in light of that,” the official added further.
Mark Pearson also sees the United Kingdom’s legal ability for foreigners to purchase real estate or for banks to provide favourable financing terms for investment as a tremendous opportunity.
He claimed that since the country has one of the longest, most established, and stable property markets, investing in United Kingdom real estate helps Nigerians and other African investors increase their assets against inflation.
“This investment platform offers Africans the chance to buy real estate with ease and without restrictions,” Mark Pearson remarked, while backing Baron & Cabot as the premier real estate investment firm, which a potential investor can rely on throughout the investment process.
Mark Pearson also stated that the existence of Baron & Cabot in Kenya and Nigeria has significantly impacted property sourcing and investment in the United Kingdom, giving investors more options.
The company’s sales manager James Walsh noted that due to the stability of the United Kingdom economy, investing in real estate there allows investors to make predictions.
According to James Walsh, Baron & Cabot, it offers investors a 35–40% return on investment because most properties have double-digit returns and are in one of the safest investment sectors.
“We streamline the procedure and make it entirely clear. We also teach our clients the foundations of real estate investing, outline places, pricing, and reasons for investing, and describe the several types of mortgage lenders available. From initial purchase and property management through exit and beyond, our global network of experts will lead investors through every step of your investment,” he remarked.
“Currently, we provide practical assistance to Kenyan and Nigerian investors in United Kingdom real estate. We are also assisting Kenyans and Nigerians in obtaining mortgages and purchasing real estate in the United Kingdom through research,” James Walsh concluded.