Two months ago, the UK Daily made a report in which it wrote on how wealthy Africans are spending almost £4 million on London prime property every week as they snap up some of the most exclusive mansions for sale in London.
And among these buyers, the article says Nigerians are the biggest spenders in London when it comes to Africans. These Nigerians are not the type that goes to property auctions to get a house. For them, money is not the problem, if they like it, they’ll buy it.
Some of the Nigerians alleged to own a property in these exclusive and prime London neighbourhoods are Aliko Dangote, a Nigerian business magnate who, with a £16 billion fortune, is Africa’s wealthiest man – Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, and her British-born nephew Rotimi Alakija and many more.
But Where Are Nigerians Buying?
To find out the prime areas Nigerians are buying their London property, Ruona Agbroko-Meyer took to the street to speak with a London estate agent as well as Nigerians living in London.
According to the estate agent, a majority of the Nigerians buying these luxurious properties are in their mid-30s and mid-40s. And the houses they buy are from £500,000 and £6 million.
When asked if they would buy such expensive houses in London, the opinion among Nigerians was split. Some said they would if they had such money. “I would like to buy in Mayfair,” says one Nigerian lady. “But unfortunately, I cannot afford to live there.”
Others feel it’s a waste to buy property with such an exorbitant price when it’s not in your motherland.
Many also said the majority of Nigerians buying houses at such ridiculously huge amounts are only those that have stolen from the government.
“You have to ask – where do they get the money from? Was it stolen money, because if you steal money from the government or wherever – you want to live big,” queried one man.
See the video below.
Photo Credit: SWNS.com/ Dailymail UK.