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Rich Nigerians Spend Millions on London Property - but WHERE?

Rich Nigerians Spend Millions on London Property - but WHERE?

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Rich Nigerians Spend Millions on London Property - but WHERE?

Wealthy Nigerians spent over $390 million on property in London over the last 3 years according to new research. They are the biggest spenders out of the whole Africa - who, as a continent, spent over $938 million.

"The most expensive property we've ever sold to a Nigerian is actually a transaction we're in the middle of working on at the moment," says Camilla Dell, from Black Brick Property Solutions. "It's a property in the region of £50million (or $78million)."

While buyers from Africa account for only 1.5% of transactions in the "ultra-prime" London property market, they make up 5% of sales by value - which is up from 2%. And this is by spending between £15million and £25million on each home.

"I would like to buy in Mayfair," says one Nigerian lady. "But unfortunately, I ca...

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    Dec 08, 2014 · Wealthy Nigerians spent over $390 million on property in London over the last 3 years according to new research. They are the biggest spenders out of the ...

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    The wealthy people from Nigeria spent an average of $390 million on London property over the last 3 years. Hyde park is an expensive neighborhood in London where the ...

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