Baron & Cabot Launch AI Portal To Support Real Estate In Kenya
Baron and Cabot, a UK-based international real estate firm has launched a game-changing concept – a UK property portal that is offering a strategic expansion plan for real estate agencies in Kenya.
The innovative approach, is a first of its kind using AI technology to predict property prices and will allow real estate agents in Kenya to sell properties, and earn in pounds, providing an unprecedented opportunity for growth and financial success. Through this portal, real estate firms will get to de-risk their investments in international markets and gain access to a wide range of fully compliant properties.
Baron & Cabot, with a reputation for being one of the fastest-growing property companies in the world and transacting on around £100 million GBP per annum ($120 m) of UK property while having access to some of the best property developments in the UK, has been particularly successful in Kenya due to inflation driving clients to move their money into GBP and Dollar to purchase assets.
“We are thrilled to be launching this innovative concept that will not only provide a platform for real estate agents in Kenya to sell UK properties but will also create job opportunities and drive economic growth. We believe that by leveraging AI technology to predict property prices, we can provide our partners with a unique advantage and help them to achieve financial success. Our joint venture expansion plans are aimed at creating mutually beneficial partnerships that will bring value to all parties involved,” said Mark Pearson, Managing Director of Baron & Cabot.
In addition to providing agents with access to new revenue streams, Baron and Cabot’s property portal is also expected to create new job opportunities in the Kenyan market. The company will provide its agents with comprehensive 2 to 4 week training and support to help them succeed in their new roles. This training will equip agents with the skills and knowledge they need to navigate the real estate market and take advantage of the opportunities that Baron and Cabot’s concept provides. Real estate will have the ability to reserve properties and Baron and Cabot will process the client through legal processes.
As part of its offering, Baron and Cabot will provide clients with mortgages anywhere in the world (excluding war zones), with mortgage rates lower than 6% and deposits below 35%, making it easier for clients to invest in UK properties.
Mark Pearson further said that the management company boasts an impressive occupancy rate of over 99% with properties awaiting new tenants for an average of 10 days.
“This sets us apart from other cities around the world, where the average occupancy rate is only 70%. In addition, our AirBnb or short-term rental products have an average occupancy rate of over 70%, resulting in substantial rental returns and a secure investment. Our secret to success lies in our ability to identify high-demand areas with low supply, combined with exceptional management that keeps both our tenants and landlords satisfied,” Mark Pearson remarked.
Baron and Cabot utilizes advanced machine learning and data processing to analyze millions of lines of data to identify the best investment locations and pockets of value for clients.