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Russians Buy Up Houses in London
March 18, all the more Russian elite businessmen move to England. According to the information of Knight Frank London real estate agency, each 15th house sold in the British capital in 2003 was sold to Russians.
Russian citizens have spent at least £ 10 million to buy estate property in London center. This does not include the forthcoming purchase of four cottages for £ 14 million by Roman Abramovich.
About a dozen Moscow companies offer commercial and residential real estate in London among other things. Their services are usually valued at 2-3 per cent of the transaction amount.
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