Super-rich Russians are back buying up luxury property in Mayfair and central London. But why?
In a new piece for The Times this week, Black Brick Founder and top London buying agent, Camilla Dell shared her perspective on why Russians are increasingly looking to invest in prime central London property.
“[Black Brick buying agency] has had a 22 per cent increase in the number of Russians buying in central London this year compared with last.”, Camilla revealed.
“The Russians have been our biggest spenders, paying an average of £18.5 million for their properties. They have been buying homes in prime central London, with a preference for Mayfair and Kensington. Their reasons for buying are relocating to London for family, better quality of life, safety and education. Brexit has not been a factor, although currency has,” she said.
Read more in the full article here.
