The demand for luxury real estate in London has grown by 50%, thanks to Russian investors

The spring of 2021 saw a surge in demand for luxury real estate in London. Some of the most active buyers were Russians with net assets of 30 million euros or more. Thanks to their activity, demand in the London luxury housing market has grown by 50% compared to the spring of 2020, when the coronavirus pandemic peaked.

The main reasons for the popularity of residential properties in the UK capital include:

• safe economic environment;
• location of many central offices of the largest corporations in the world;
• high quality of life;
• developed modern infrastructure;
• excellent construction quality.

This city can rightfully be called the center of business life. The largest number of multimillionaires is concentrated here in comparison with other cities in Europe.

What is the cost of luxury housing in London?

Average prices for premium residential properties in the UK capital are higher than in most regions of Europe. But even this does not diminish the ever-growing demand:

• large penthouses and apartments can be purchased for 10-20 million euros;
• apartments in popular areas cost about 5 million euros;
• objects in less popular regions can be purchased from 1 million euros.