Director, United Kingdom-based property consultancy firm, Daniel Ford International, Yemi Edun, has advised Nigerians to invest in properties in the United Kingdom (UK) stressing that it is another way of investing for rainy days.
Edun gave this advice while speaking to reporters at the sidelines of UK Property Roadshow in Abuja even as he urged Nigerians to embrace the opportunities offered by the Berkeley Groups to own properties in the UK.
The Berkeley Groups is one of the leading property firms in the UK and they are quoted in the London Stock exchange.
Edun emphasised that Nigerians owning a property in the UK is a brilliant investment and a perfect pension plan that can match inflation anytime.
He 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 as an investment option and as a second home and this will serve as a mitigation for their currency that keeps crashing.
“And you ask me who buys it? 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 because of the 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 the buffet of properties that we’ve hand-picked, you know, especially for them, negotiated good deals that they would otherwise not be able to get themselves,” he said.
