What is it about London that wealthy Russians can’t get enough of? Thanks in no small part to the crisis in Ukraine, their takeover of the London property market is growing apace.
According to the Financial Times £, well-to-do Russians – and Ukrainians too – “are trying to shift more cash into London property … amid indications that eastern European oligarchs are using the capital’s housing market to conceal their assets from international sanctions”. And this despite a recent “tax crackdown” by George Osborne, apparently.
via Why are rich Russians so obsessed with buying up London property?.