The real estate business has become a global huge commercial enterprise that generates lots of billions of revenue annually, as there are massive opportunities for investors to make high profits. The actual property industry comprises many aspects of properties which may include one or all of the following; Industrial, residential, leasing, valuation, marketing, sale, agricultural properties, and management of commercial.
Statistics also reveal that this enterprise is one of the most notably profitable sectors of the economy around the world and stays to grant possibilities for interested and motivated investors.
Real estate rose in the post-World War II economic boom of the 1950s, plunged in the inflation-ridden 1970s, soared again in the early 1980s until the depression at the end of that decade, and became prosperous again by the end of the century. The real estate business has become one of the most stable, oldest markets in the world.
The global value of the real estate industry was rated at $6.9 trillion in 2018 and is expected to reach $8.7 trillion by 2026, with a compound annual growth rate (CAGR) of 2.8% from 2019 to 2026. COVID-19 pandemic has had a sudden impact on all aspects of people’s lives. The government-mandated lockdowns have directly impacted commercial real estate as offices and retail stores have closed down yet gave way to boosting the tech and e-commerce industries during the pandemic.
The real estate industry transformed as the United States switched from an agricultural society to an industrial one In 2019, the US was the largest market for real estate with a market size of $3.41 trillion followed by Japan, the UK, and China. This explains why most countries and world-leading businessmen invest a lot in the real estate business. Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate.
As the demand for property investment rises among African investors, a multinational leading property investment and research company, Baron & Cabot UK property investment company, which yearns to provide the best fully researched property investments has launched its new headquarters in Kenya and Nigeria to help the residents of these countries to invest in property within the UK simply and effectively.
Investing in property in the UK is greatly considered to be one of the lowest risk investments in the world, with consistent long-term returns factored in by continuous growth within the country. The real estate business sector in Nigeria has recently turned into a flourishing center of attractions as Nigeria and people are making millions in it.
Baron & Cabot stands out to be the paramount property investment organization that an investor can trust throughout the investment process. The company has built a market-leading research strategy for the investor to simply just choose what would be suitable for them. The investor is also granted a step-by-step guide on sourcing the right property to purchase in the UK. This gives the investor the power and confidence to ask the right questions for profitable property investment.
Mark Pearson, who is the Founder of Baron & Cabot Company while speaking in an interview disclosed that the company is undoubtedly the fastest growing UK property investment firm in the world. He added that one of the objectives of the company is to help Kenyans and Nigerians with the ability to provide mortgages and buying of the property through thorough research for the safety of their investment in the UK.
“Our main goal is to make sure the process of property investment always remains transparent and simple”
This enterprise ultimately helps to give Africans opportunities to invest in property with ease and without limitations. Foreigners can legally buy the property or have banks offer favorable mortgage terms for investment.
The Head of Sales for the business, James Walsh also emphasized that one of the team’s central missions is that they help people invest in the UK market by giving them a full 360-degree solution to allow people to research where they should buy, what they should buy, and then how do they do it.
“We are offering an alternative to some of the investments that Nigerian clients are making at the moment. Your landscape is Nigerian property, some equities, maybe some bonds, that kind of thing. All we are doing is offering an alternative to get your mortgage where the mortgage with the deeds is all in your name, not in the bank’s name.
“This is all very protected, regulated. Plus you can invest with very low amounts of money. Anything between 50 and £100,000 is where most investors invest. And compared to investments in Nigeria, we have a much lower inflation rate. So it means that you can, in most cases, have higher profits.” He noted.
How Safe Is The Real Estate Business?
In 2020, 88% of home buyers purchased their homes through a real estate sales professional. Despite market fluctuations, real estate sales can be highly lucrative and transitioning. With its low risk and high return potential, real estate is one of the best investment options. It provides a safety net against inflation as property values rise over time. Income creation is one of the most significant factors for horizontal stock investors, in addition to having a permanent residence.
Speaking on the risk involved in the real estate business, James Walsh disclosed that the reality of it all is that all investments have a risk, but they have a way of protecting their client’s properties in their company.
“In the UK, we have a lot of differences from Nigeria. So the first is that when you invest with us, everything goes through lawyers. The lawyer is regulated, they are separate from us, they are regulated. They also have what is called Pi insurance, personal indemnity insurance. What that does is if they make a mistake, something happens.
“You can claim all your money back from that insurance, which means they are regulated by the government, but also by the insurance company checking upon them. We also have things in place, like, for instance, if it’s an off-plan building, some of our properties are off-planned, and some are completed. If it’s off-plan, the vast majority of our projects, If you put down a 20% deposit, if that project does not finish, all of that money comes back to you. So if it’s delayed by twelve months, all of the money comes back to you.”
The company also has partnerships with insurance companies. “When you own the property, you are referring to insurance on the property. So what we are very well renowned for is the due diligence that we do.
“Part of the due diligence that we do on the actual structure of the building is to ensure that we provide a ten-year structural warranty and a two-year defect liability, a lot of the properties that we have are new. Some of them are locked under construction as well. But the day that that’s completed, you have a ten-year structural warranty, and two-year defect liability. We will explain what it means. So what that means is that let’s say you have moved into your property and a pipe burst is covered there. Everything will have a manufacturer’s warranty inside the apartment.”
About The company
Baron & Cabot is a fast-leading global property investment and research company that aims to provide the best fully researched property investment market-leading outlet and provides an extensive market-leading research strategy for clients to gain full confidence in making fully informed investments. They only work without risk off-plan or completed developments that have been fully researched within the UK. Through a due diligence process (from sourcing, due, diligence, future value prediction, solicitors, and mortgages).
The group is seven years and it has been in Nigeria for almost three years.