Baron&Cabot is helping South Africans acquire property in the U.K.

Africa’s middle class and entrepreneurs have turned to the U.K to invest in property, mostly due to the high inflation in their countries, which has made acquiring real estate property very expensive and mortgage rates very high.

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. Baron&Cabot has built a leading research strategy for investors to simply 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.

House prices in South Africa have been growing every month. The average lease price for a house is 2.5% (before adjusting for inflation) in 2020, and it rose by 4.2% in 2021. The latest inflation numbers show the biggest increase in five years. Much of this is due to rising fuel prices and food price increases because of supply line disruption. These factors put pressure on the middle class and can be expected to slow property growth.

In instances of rising inflation, typical lease clauses allow for rent to be marked up to protect the investor in terms of net income. This happens in cities such as Accra, where property owners increase their rental prices annually by at least 10% to 15% to beat inflation. The rising cost of building materials in Kenya has pushed construction costs by an average of 3,000 per square metre, forcing ongoing projects to a standstill. In Nigeria, most of the developers have increased their housing prices by 40 to 50 per cent.

“We have a mini bungalow selling for N6.5 million which was initially N4.5 million. While the price went up because of the building materials cost,” Adekunle Monehin, the managing Director of Tobykemsworth Investment Limited said in April 2022.

A great opportunity presented by the UK is that Africans can legally buy a property or have banks offer favourable mortgage terms for investment. This investment platform gives Africans a chance to invest in property with ease and without limitations. Thus, while seeking to invest in property, Baron&Cabot stands out to be the paramount property investment organisation that an investor can trust throughout the investment process.

Among the markets that Baron&Cabot has in Africa, Nigeria is the most lucrative. Baron&Cabot gets a very low mortgage rate for Nigerians in England. The rates range between 4.5% and 4%. It can be a 25-year mortgage, and it is changed every two and five years to get a lower mortgage rate. You don’t have to use cash to buy out the mortgage to change it, you move from one to another. Ghanaian investors are also exploring alternative investments. Pearson says that on average, they record transactions of up to 5 million pounds in West Africa monthly, with the bulk coming from Nigeria and a fair share from Ghana.
“Baron&Cabot is undoubtedly the fastest growing UK property investment company in the world,” remarks Mark Pearson, founder of Baron & Cabot. “We aim to help Africans with the ability to provide mortgages and buying of the property through thorough research for the safety of their investment in the UK. As the demand for property investment rises among African investors, our main goal is to make sure the process of property investment always remains transparent and simple.”

About Baron&Cabot:
Baron&Cabot is an independent international property investment and research company that aims to provide the best fully researched property investments in the UK. They provide an extensive market-leading research strategy for their clients to gain full confidence in making fully informed investments. They only work with low-risk off-plan or completed developments which have been fully researched within the UK. Through a due diligence process (from sourcing, due diligence, future value prediction, solicitors and mortgages), the company has greatly impacted their clients to invest in their first to fifty-first properties.

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