Gary Hersham News

The rise in African buyers seeking homes in central London

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.

Super-rich Africans splash out big bucks for luxury London homes.

Super-rich Africans splash out big bucks for luxury London homes (Photos, Infographic, & Video)

Sophisticated, glamorous and spacious — when the super-rich go house-hunting they are searching for something special. Real estate in London’s swankier suburbs can catch a buyers’ eye. Mayfair, Kensington and Chelsea have long been the stomping ground of the elite — and are now welcoming a new wave of African investors.

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.

African oligarchs splash out on London homes

A new wave of African oligarchs are following the trail blazed by Russian billionaires, buying up luxury properties in some of London’s most exclusive postcodes, according to new research.