31
Jan
Vladimir Putin and Russian Election surge London Luxury Property
Market.
Jan 31- (The Cloister)
London’s most expensive area’s Knightsbridge,
Belgravia, Chelsea, Kensington and Mayfair was dominated by Russian
buyers in the fourth quarter of 2011.
With the elections rapidly approaching in Russia, many wealthy
Russians feel that there will be political uncertainty and
aggressively buying in the London Luxury Property Market.
According to Wealth X, which works with luxury brands and banks
to build a database of people who together hold around $10.7
trillion, say that London has 5,955 Super Wealth individuals, the
most of any European city.