Nigerians have been advised on the need to investment in properties in the United Kingdom.
Yemi Edun, Director, UK-based Property Consultancy Firm, Daniel Ford International, said investment in UK properties
is another way to save for rainy days.
Edun said Nigerians owning a property in the UK is a brilliant investment and a perfect pension plan that can match inflation anytime.
The consultant who spoke at the sidelines of UK Property Roadshow Holding in Abuja called on Nigerians to embrace the opportunities offered by the Berkeley Groups to own properties in the UK.
Edun said: “We won’t get involved in anything that will be untoward property-wise. So this is encouraging Nigerians to come buy homes in the UK. Yes. As an option.
“As an investment option. As a second home. As a mitigation for their currency that keeps crashing, you know.
“ And you ask me who buys? We have people in inheritance money, divorce settlement, up-and-coming technology people, farmers, bankers, you know.
“ They buy for a certain amount. In another 10 years that property has doubled or tripled, you know.
“ It’s a good pension plan so that when you retire, you have income that can match inflation. Because imagine you buy a property and you are getting a rent of two million Naira. Two million Naira is a lot of money.”
On why London, he said, “London is special. The age long connection is one of the reasons that people get to London and they don’t suffer a cultural shock.
“Most Nigerians can get to London and you won’t even notice he’s a foreigner. So English language, schools, medical, lifestyle, football, and it’s just six hours away.”
He said the Roadshow helps to remove some of the barriers as prospective buyers have the opportunity to meet with developers like Berkeley Groups.
“So we’ve come with what I call it the buffet of properties that we’ve hand-picked, you know, specially for them, negotiated good deals that they would otherwise not be able to get themselves,” he said.
The Berkeley Groups is one of the leading property firms in the UK and they are quoted in the London Stock exchange.
