Corrupt Politicians
& Others Spending
£4 million on London
property every WEEK
Wealthy Africans
spending almost £4million on London property every WEEK as they snap up some of
the most exclusive investments in the capital
Super-rich oligarchs
spending almost £4million-a-week on London property, new report by estate agent
reveals
More than £600million
has been spent in the capital by Africans within the last three years and
report shows the wealthy buyers are mostly from areas in Nigeria, Ghana, Congo,
Gabon, Cameroon and Senegal
More details
have emerged on 10 multimillion-pound properties owned by powerful Nigerian
political elite in the United Kingdom, which were among those uncovered in a
recent tour by ClampK, a group of anti-corruption campaigners.
A video clip of
the tour by the anti-corruption campaigners, which included journalists,
trended on the social media as it was reported by international media
organisations, including the British Broadcasting Corporation, Al
Jazeera and Agence France Presse.
The tour was
aimed at exposing how the unexplained wealth of Nigeria’s political elite,
among others, has been used to buy expensive properties in the UK.
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.
Super-rich oligarchs are
taking their vast resources and investing them in the safe haven of London
property - with more than £600million spent in the capital in the past three
years.
Super-rich African
oligarchs are taking their vast resources and investing them in the safe haven
of London property - with more than £600million spent in the capital in the
past three years and £4million spent in the city every week. They favour the
likes of One Hyde Park.
Gary Hersham, managing
director of Beauchamp Estates,
revealed he has had three super-rich Nigerians enquiring about homes in the
past week alone. This is despite the average person in Nigeria earning
just £850 per year. He said: 'I've had an upturn in African buyers over the
last few months. 'The situation in West Africa at present is pushing rich
African buyers back into Central London at a significantly higher level than is
normally experienced. 'While war, disease and terrorism in West Africa grab
media headlines, actually for super-rich Africans its domestic wealth, cultural
ties to London, general safety and education for their children that are the
key attractions for buying a home in central London.'
The wealthy buyers are
typically spending between £15million and £25million on each home and are
purchasing luxury properties
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The recent Ebola epidemic
and continued terrorism from groups such as Boko Haram has resulted in an
increase in buyers in recent months.
Nigerians are the
biggest spenders, with wealthy nationals forking out £250million on London
homes in the last three years.
It is thought other
tycoons have also been eyeing up homes on Kensington
Palace Gardens - known as Billionaires' Row.
If they are not buying,
they are renting luxury homes for up to £15,000-per-week and staying for
between six weeks and three months per year.
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