31 Jan

Vladimir Putin and Russian Election surge London Luxury Property Market.

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.

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