High net worth nigerians eye UK property for foreign income growth

As Nigeria faces economic challenges and a depreciating currency, high-net-worth individuals (HNWIs) are seeking alternative investment opportunities to secure and grow their wealth.

UK property investment has emerged as a promising pathway, offering stability and lucrative returns for Nigerians looking to diversify their income sources.

The UK property market is considered a relatively secure option for wealth generation, particularly in contrast to the often volatile business environment in Nigeria.

By investing in UK real estate—either through direct cash purchases or by leveraging UK mortgages—HNWIs can unlock new streams of foreign income and mitigate local economic risks.

Investing in UK real estate provides a stable income option, as property values tend to appreciate and rental markets are robust. For Nigerian investors, it represents a way to earn in foreign currency, offsetting the effects of currency depreciation at home. Leveraging UK mortgages also allows investors to expand their buying power, accessing high-value properties that offer substantial returns.

To demystify the UK property investment process, Integritas Property Group has teamed up with Deji Nehan of Property Concierge UK to host an exclusive seminar in Victoria Island, Lagos. The event, titled “Unlocking Your Future: Invest in UK Off-Plan Properties,” will be held on Wednesday, November 20th, 2024, at Radisson Blu, Victoria Island, Lagos.

The seminar promises to offer high-level insights into the UK property market, off-plan investments, and global wealth planning strategies tailored for Nigerian investors. Attendees will receive guidance on:

Benefits and Risks of Off-Plan Investments: An overview of purchasing properties before they are completed and how it can maximise returns.

Leveraging UK Mortgages: How foreign investor mortgages can provide access to premium properties.

Legal and Financial Planning: Essential information on legal requirements, tax implications, and effective financial planning strategies.

Participants will have a chance to network with industry experts and access exclusive offers, including potential savings of up to £8,000 on select investments during the event.

The seminar will feature notable industry leaders, including Ross Fleming, the Global Sales Director at Integritas, and David Mondey, the Sales Director at Integritas. Abiodun Durosinmi-Etti, who serves as the Overseas Investment Director at Integritas, will also speak at the event, alongside Azeem Ahmed, the Founder of Proptech Clicpad.

Key topics include “The 6 Steps to Success with Off-Plan Investments,” “Safeguarding Your Deposit,” and “Why the Current Economic Climate Favours UK Property Investment.”

A leading buy-to-let developer based in Liverpool, England, Integritas specialises in residential developments and collaborates with investors, construction contractors, and landowners to build quality rental properties. Led by founder and CEO Mitchell Walsh, Integritas has delivered over £46.4 million worth of completed properties as of 2024, with an additional £43 million currently under development.

This exclusive, invite-only seminar requires pre-registration. Interested attendees can reserve their spot by registering at bit.ly/UKPropertyInvest or by contacting +2349127720278 via WhatsApp.

For high-net-worth Nigerians, the UK property market represents not just a solid investment but a pathway to earning foreign income and fortifying financial security in uncertain times.