Photos : Wealthy Africans spending £4million-a-week on London property
According to Real Estate agents in the UK:
Wealthy Africans are spending almost £4million on London property every week as they snap up some of the most exclusive investments in the capital,
More than £600million has been spent in London by Africans within the last three years and its on the increase.
The wealthy buyers are from Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal, UK Daily Mail reports.
Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years.
The new wave of super-rich includes Aliko Dangote, a Nigerian business magnate who, with a £16billion fortune, is Africa's wealthiest man.
Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.
Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital.
It is thought other tycoons have also been eyeing up homes on Kensington Palace Gardens - known as Billionaires' Row.
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| London's reputation for having a residential property market, which is secure and a stable investment, is one of the main reasons wealthy Africans are buying, according to Beauchamp Estates |
Wealthy Africans are spending almost £4million on London property every week as they snap up some of the most exclusive investments in the capital,
More than £600million has been spent in London by Africans within the last three years and its on the increase.
The wealthy buyers are from Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal, UK Daily Mail reports.
Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years.
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| Folorunsho Alakija |
Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.
Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital.
It is thought other tycoons have also been eyeing up homes on Kensington Palace Gardens - known as Billionaires' Row.
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| The wealthy buyers are typically spending between £15million and £25million on each home and are purchasing luxury properties |
Source : UK Daily Mail
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