RUSSIANS POUR MONEY INTO LONDON PROPERTY
Property agents have seen a surge of investment into London from wealthy Russians as the Crimean conflict escalates, according to leading real estate experts.
President Vladimir Putin, signed a new law this week formalising Russia’s take-over of Crimea from the Ukraine and triggering a fresh round of sanctions from the US and the EU. But such restrictions are unlikely to stem the burgeoning flow of investments.
International investors from the Middle East, Africa and Eastern Europe dominate the new-build market in prime central London.