Russians led the purchase of elite real estate in London

Russians led the purchase of elite real estate in London , research published by the Knight Frank consulting company. The report confirm that Russians made up 15% of the foreign buyers of elite London real estate in May, with 56% of the purchasers foreigners.

The Russian real estate demand compensated for the decline of demand in UK, as the British refrained from purchases ahead of the election. Russians' investors interest in London's premium housing market was connected with the appreciation of the ruble against the British pound, as well as the revival of prices for premium housing in London motivates Russian buyers.