According to a new report, super wealthy Africans are spending almost £4million on London
property every week as they snap up some of the most exclusive
investments in the capital, this is according to Real Estate agents in the UK.
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. A
mixture of traditional reasons combined with increased terrorism and
the outbreak of Ebola is said to be behind the dramatic influx of
African money to the capital.
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.
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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