Wealthy Africans are investing in some of London’s most upscale real estate properties with some reportedly spending as much as $37 million on houses alone. These wealthy investors having a considerable impact on London’s property market and they mainly come from just six countries of Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal.

Property experts, Mayfair, Kensington and Chelsea say African investment in London is set to grow as the industry is now welcoming a new wave of African investors. Bimpe Nkontchou, a British-Nigerian wealth manager based in London says “the Africans who are coming into London now are Africans who themselves have worked for their money and this is bringing to London the best of the continent.”

Nigerians, out of the lot, is believed to be splashing out the most cash when it comes to houses in the British capital, spending between $22 and $37 million on securing a property, according to luxury property agents Beauchamp Estates. Their research shows that over the past three years, Africans have spent over $900 million on luxury residential property in London.

Many reasons have been adduced to this latest trend ranging from the search for ‘safe haven’ to educational. Owning a home in post codes like W1 or W8 around the corner from Kensington Palace means more than having a place to just lay the head. Foreign investors see London as a “safe haven” for prime property investments with the city ranking as the second most important hub for ultra-high-net-worth homes. These buildings are investments which are expected to gain even bigger value in the coming years.

African buyers see these houses as an intelligent investment as it is in London they want to send their children to school. The Nigerian Embassy in London calculates that Nigerian nationals now spend over $446 million per year on fees, tutoring and accommodation at British schools and university.

“Education usually means putting the children on an international stage, and that’s one reason why this is feeding into the demand for property in London” says Nkontchou.

With experts expecting this trend to continue, virtually all the transactions are for end use, not rental investment, which indicates that the African buyer market in London has significant room for growth.

Source: Leadership Newspaper


(Visited 1 times, 1 visits today)


  1. I simply want to tell you that I am beginner to blogs and really liked your web page. Very likely I’m want to bookmark your blog . You definitely come with terrific stories. Thanks for revealing your webpage.

  2. Sweet blog! I found it while browsing on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Appreciate it

  3. We stumbled over here from a different page and thought I might as well check things out.

    I like a few things i see so i am just following you.
    Enjoy learning about your online page repeatedly.

  4. I keep listening to the news update lecture about getting boundless online grant applications so I have been looking around for the finest site to get one. Could you tell me please, where could i get some?

  5. Very nice post. I just stumbled upon your weblog and wanted to say that I have truly enjoyed surfing around your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!

  6. Link exchange is nothing else but it is only placing the other person’s web site link on your page at suitable place and other person will also do similar for you.

  7. I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my trouble. You are amazing! Thanks!

  8. I do not even know how I ended up here, but I thought this post was great. I don’t know who you are but certainly you are going to a famous blogger if you are not already

  9. Great blog here! Also your website loads up fast! What web host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol

  10. My brother recommended I might like this web site. He was totally right. This post truly made my day. You cann’t imagine simply how much time I had spent for this information! Thanks!

  11. Hi everybody, here every one is sharing these kinds of experience, therefore it’s nice to read this web site, and I used to pay a quick visit this weblog all the time.

  12. You can definitely see your enthusiasm within the work you write. The arena hopes for even more passionate writers such as you who aren’t afraid to mention how they believe. At all times follow your heart.

  13. I’m not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful info I was looking for this information for my mission.

  14. Thank you for another great post. Where else could anyone get that kind of information in such an ideal way of writing? I’ve a presentation next week, and I am on the look for such info.

  15. I’m not sure exactly why but this site is loading very slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.

  16. Thanks , I have just been looking for info about this topic for a while and yours is the best I have found out till now. However, what about the bottom line? Are you certain about the supply?

  17. I believe everybody went like Ones New website, reason being things like this site without doubt has a article on quality. I loved read A New content. go on To remain a useful article, I will avail Once more by One additional time. Bless you.

  18. I like the valuable info you provide in your articles. I will bookmark your blog and check again here regularly. I am quite certain I’ll learn a lot of new stuff right here! Best of luck for the next!

  19. I got this web site from my friend who informed me about this web site and now this time I am visiting this website and reading very informative articles or reviews at this time.

  20. Hey there, You have done a fantastic job. I will definitely digg it and personally suggest to my friends. I am confident they’ll be benefited from this web site.

  21. Wow! This could be one particular of the most useful blogs We’ve ever arrive across on this subject. Basically Magnificent. I’m also an expert in this topic therefore I can understand your hard work.

  22. I’m not sure exactly why but this weblog is loading extremely slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later and see if the problem still exists.

  23. “Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.”

  24. “Thanks for the write-up. My spouse and i have usually seen that almost all people are needing to lose weight simply because they wish to appear slim and attractive. However, they do not often realize that there are more benefits for you to losing weight in addition. Doctors declare that over weight people suffer from a variety of diseases that can be instantly attributed to their own excess weight. Fortunately that people who are overweight and suffering from a variety of diseases can reduce the severity of their illnesses simply by losing weight. You possibly can see a progressive but marked improvement in health whenever even a slight amount of weight loss is accomplished.”

  25. “I’ve been surfing online greater than three hours lately, but I by no means discovered any fascinating article like yours. It’s beautiful worth sufficient for me.”

  26. “I think that a foreclosure can have a significant effect on the client’s life. House foreclosures can have a Seven to a decade negative effect on a debtor’s credit report. The borrower who’s applied for a home loan or almost any loans even, knows that the actual worse credit rating is usually, the more tricky it is to secure a decent loan. In addition, it may affect any borrower’s ability to find a quality place to lease or hire, if that becomes the alternative homes solution. Thanks for your blog post.”

  27. “Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is fantastic blog. An excellent read. I’ll definitely be back.”

  28. “I was suggested this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You’re incredible! Thanks!”

  29. “Great blog! Do you have any tips for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused.. Any ideas? Thanks!”

  30. “Hello there, I discovered your website by way of Google whilst searching for a related topic, your website came up, it appears good. I have bookmarked it in my google bookmarks.”

  31. “When I originally commented I clicked the Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Bless you!””

  32. “Heya! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no data backup. Do you have any solutions to prevent hackers?”

  33. Magnificent items from you, man. I’ve keep in mind your stuff
    prior to and you’re simply extremely fantastic. I rewlly like what you hqve bought here,
    really luke what you’re stating and the wway in which through which you say it.
    You make it entertaining and you still care for to
    stay it wise. I can’t wait to read much more from you. This is really a great web site.

  34. “My coder is trying to convince me to move to.net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on several websites for about a year and am concerned about switching to another platform. I have heard great things about blogengine.net. Is there a way I can import all my wordpress content into it? Any kind of help would be really appreciated!”

  35. “Hi there! I’m at work browsing your blog from my new iphone 3gs! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the outstanding work!”

  36. I’m truly experiencing the design and layout of your own site.
    It’s a very easy around the eyes which makes it much more
    pleasant for me in the future here and visit more frequently.
    Would you hire out a designer to generate your theme?
    Exceptional work!

  37. I found myself curious if you happen to thought about
    changing the structure of the website? Its very well
    written; I like what youve got to say. But perhaps you could a little bit more when it comes to content so people could get in touch
    with it better. Youve got a great deal of text for only having 1 or 2 pictures.
    You could possibly could space it all out better?

  38. Excellent post. I had been checking continuously this web site and I am just
    impressed! Extremely useful information particularly the last part
    🙂 I look after such information much. I was searching
    for this certain info for a long time. Thank you and good luck.

  39. Hi, i believe i saw you visited my blog so i came to return the favor.I am just looking to find items to enhance my website!I
    suppose its ok to make use of some of your opinions!!

  40. Hi, Neat post. There’s a problem along with your web site in internet explorer, could test this?K IE nonetheless is the marketplace chief and a huge part of people will leave out your fantastic writing due to this problem.

  41. Hi, I really do think this is a great site. I stumbledupon it ;
    ) I will revisit again since i have have book-marked it.
    Money and freedom is the best way to change, may
    you be rich and continue to help others.

  42. I’ve read a couple of excellent stuff here. Certainly worth bookmarking for revisiting.
    I surprise how so much attempt you place to create this sort of fantastic informative site.

  43. Perhaps you have thought about including a bit more than only
    your content? I am talking about, what you say is important and everything.
    Nevertheless just think about should you added some great pictures or
    videos to present your posts more, “pop”! Your site content is great though with images and videos, this
    site could undeniably be one of many most appropriate in the field.
    Fantastic blog!

  44. I’m really impressed with your writing skills as well as using the layout on your own blog.
    Is this a paid theme or do you modify it yourself?
    In any event keep up the nice quality writing, it is rare to view a nice blog similar to this one today.

  45. After looking over a number of the blog articles on the website, I seriously just like your technique of blogging.
    I saved it to my bookmark website list and you will
    be checking back in the near future. Look into my web site too and inform me
    your opinion.

  46. Excellent article. Keep posting such kind of info on your page.
    Im really impressed by your blog.
    Hey there, You’ve done a great job. I’ll certainly digg it and for my part suggest to my friends.
    I’m confident they’ll be benefited from this web site.

  47. I believe that is one of the most significant information to me.
    And i’m satisfied reading your article. However wanna
    remark on few common issues, The website style is ideal, the articles is in point of fact excellent : D.

    Perfect task, cheers

  48. I think that what you typed made a great deal of
    sense. However, think about this, what if you composed a catchier post title?
    I mean, I don’t wish to tell you how to run your blog,
    however what if you added something that makes people want more?
    I mean Super Rich Nigerians, Other Africans Spend $900m On Property In Uk | Housing News is kinda vanilla.
    You should peek at Yahoo’s home page and see how they
    create news headlines to grab viewers to click. You might try adding a video or a related picture or two to grab people interested about what you’ve got to say.
    In my opinion, it could bring your website a little livelier.

  49. I’m not sure exactly why but this weblog is loading very slow for me.
    Is anyone else having this issue or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  50. “I would like to thnkx for the efforts you have put in writing this web site. I’m hoping the same high-grade web site post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own site now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.”

  51. It’s actually a great and useful component of info.
    I am satisfied that you simply shared this useful information along with us.
    Please stay us current this way. Many thanks for sharing.

  52. “It really is near close to impossible to come across well-qualified visitors on this area, still, you look like you realize the things you’re posting on! Thank You”

Leave a Reply

Your email address will not be published. Required fields are marked *