Russian buyers of real estate in London rejuvenated from 50 to 35 years. Basically, they own several businesses or are senior managers, for whom real estate in the UK capital worth up to £5 million is highly liquid and promising investment fund, say experts from Knight Frank agency who were quoted by RIA "Novosti".
London property which is qualified as a "second home" or a place to immigrate is, in its turn, purchased by the Russians aged 45 to 65 years. They also own the business and their companies usually have offices or branches in the UK, and their children study in foreign schools and universities (more than 50%).
Wealthy Russian still buy real estate in prime central areas of London, such as Knightsbridge, Kensington and Chelsea, Mayfair, Marylebone, Belgravia, Notting Hill and St John's Wood. Housing profitability in the British capital is estimated at 3.5-5.5% per annum, according to Colliers International.