Are there specific demands that are typical of Russian buyers or renters in the prime London market and which areas of London are particular popular with Russian buyers / renters?
Jamie Hope, Managing Director, Maskells
“Russian buyers, as with many in the market, are cautious and we are seeing fewer high level Russian buyers in the market place. I believe that there have been limitations with the removal of funds from Russia which is limiting their buying power in the market place and the recent crack down by Teresa May on Russians in London will have had an effect. Russians tend to love best in class assets that have been developed to the very highest of specifications, on landmark addresses. High security, panic rooms, roof terraces, secure parking, wine cellars, large entertaining rooms, all depending on budget of course! Belgravia, Knightsbridge are always strongholds which are particularly popular with Russian buyers/renters.”