Led by Folorunsho Alakija, Aliko Dangote and other businessmen, oil tycoons & politicians Nigerians have become the biggest spenders in the prime London property market.
It’s a well known fact that my inspiration, Mrs. Alakija owns 5 apartments at the exclusive One Hyde Park apartments reported to be worth £81 Million!
According to reports by Daily Mail Wealthy African buyers are spending almost £4million on London property every week. The super rich Africans are investing their expansive wealth in prime London property for reasons such as cultural ties to London, general safety and education for their children added to this is the threat of Ebola and terrorism.
Most of the buyers are from Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal, with Nigeria taking the lead! In the last three years Nigerians have spent £250million on London homes. DJ Xclusive (Rotimi Alakija, Mrs Alakija’s nephew) is also said to be one of those who has snapped up a home in central London.