Contents tagged with London

  • Russian oligarchs fleeing to London at record rate

    The UK remains the favorite “end point” for the money of wealthy Russians, who are buying residential and commercial property in the British capital, finanz.ru reports.

    In the third quarter, the demand from ethnic Russians for property in London spiked to a record high due to growing tension between Russia and the West.

    According to Knight Frank, one in every five houses in London costing more than £10 million was purchased by Russian citizens. In 2016, Russians accounted for only 6% of such …