Pics: Super rich Africans spending almost £4million-a-week on London property

 

Based on a fresh report, super rich Africans are spending almost £4million on London property weekly while they snap up some of the very exclusive investments in the capital, this in accordance with Real Estate agents in the UK.

A lot more than £600million has been spent in London by Africans in the last 36 months and its on the increase. The wealthy buyers are from Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal, UK Daily Mail reports.

Nigerians are the greatest spenders, with wealthy nationals forking out £250million on London homes within the last three years. A combination of traditional reasons coupled with increased terrorism and the outbreak of Ebola is reported to be behind the dramatic influx of African money to the capital.

 

The modern 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, can be a large 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 continues the stage name of DJ Xclusive, has additionally invested property in the capital.It is thought other tycoons have previously been eyeing up homes on Kensington Palace Gardens – known as Billionaires’Row.