One Hyde Park Luxury Property Rich Nigerians Spend Millions 2 days ago   02:09

GC Privé | Private Office
In the current economic climate, a secure investment can be hard to find. The super prime property market is still thriving,with One Hyde Park leading the way.

According to a number of think tanks, London's superprime property market has been referred to by scholars as the new "Global Reserve Currency".

Moreover, Knight Frank's research report provides an analysis of One Hyde Park's global impact. London's prime residential market is predicted to hit £10,000 / sq ft by 2016 with One Hyde Park cited as a secure and reliable investment.

Building the world's best address, this exceptional development which brought together some of the world's most distinguished and well-respected industry experts to ensure the living experience at One Hyde Park is unsurpassed anywhere in the world.

GC Privé. A World of Luxury.

Comments 10 Comments

Chris White
"Since this video has come out, 'One Hyde Park' has become like 'Central Park' in the 70's... 'Gang-Rape Central'..!! 'ALL RAPISTS SHOULD BE GANG-RAPED THEMSELVES AND THEN BEATEN TO DEATH SLOWLY BUT SURELY..!!" 🖕
Tom Smith
If it's that popular why bother advertising
Looks terrible. Really bad taste. Looks like you would be living in a hotel.
Antonette Mpundu
This apartment is beautiful
german gomez
capitalismo patético
Moe Othman
One day :(
Elephant Removals
Tremendous Info
Samuel Stroh
Simplemente espectacular, no tengo nada más que decir
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Rich Nigerians Spend Millions One Hyde Park Luxury Property 2 days ago   06:49

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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 cannot afford to live there."

The most sought after areas for Nigerians, in particular, in London are around Knightsbridge, Mayfair and Belgravia. Buyers include Africa's richest man - Aliko Dangote, a Nigerian businessman who has an estimated fortune of £16billion.

And the world's richest woman - Folorunsho Alakija, is an oil tycoon, fashion designer and philanthropist based in Lagos, but is also a big investor in the London. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.

"They're running banks, oil and gas companies, telecomms companies and over the last ten or fifteen years have made a lot of money," explains Camilla Dell.

But many Nigerians are suspicious of such large amounts of money being spent on such lavish property, outside of Nigeria.

"You have to ask - where do they get the money from? Was it stolen money, because if you steal money from government or wherever - you want to live big," says one man.

"Those places are for big, even bigger girls!" laughs one lady who cannot afford such property in London.



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