According to a new report on DailyMail, Nigeria’s DJ Xclusive is among wealthy African buyers spending almost £4million on London property every week.You recall that Business Insider had sometime ago also listed DJ Xclusive as one of the World’s Hottest Billionaire Offspring”. Read DailyMail’s report below.
Wealthy African buyers are spending almost £4million on London property every week as they look to snap up exclusive investments in the UK, it has emerged. 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.
Beauchamp Estates, which sells some of London’s most expensive homes, today released a report on African buyers in the capital. The upmarket estate agency said the buyers are coming from six countries – Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal. Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years. The recent Ebola epidemic and continued terrorism from groups such as Boko Haram has resulted in an increase in buyers in recent months.
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.
Photos of the properties wealthy Africans are buying:
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