The rise in African buyers seeking homes in central London

Central London’s residential market has long been the focus of international interest. Headlines have highlighted the significant numbers of Russian, Middle Eastern and Chinese buyers, but a new influx of buyers and investors from Africa is now demanding attention.

Harrods Estates’ prime central London office in Mayfair has reported a 400 per cent rise in sales to African buyers in the year to March 2015, compared with the previous 12 months.

“The majority are looking to spend between £2.5m and £6.5m on a two- or three-bedroom apartment, where they can stay when visiting London on business or for pleasure,” says Shirley Humphrey, director at the agency.

Read more: The rise in African buyers seeking homes in central London – FT.com.

Recommended