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Goodbye Londongrad: Property market hit by pressure on Russian oligarchs
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fnlondon.comOver the past two decades, London’s high-end property market was overrun by the global superrich led by Russian oligarchs who did so many big, brash deals that locals called the city Londongrad.
A mansion just a stone’s throw from Kensington Palace — on land leased from the crown — sold for $140m to one oligarch, while estates built by Victorian aristocracy and industrialists traded to Russia’s new rich, who added sprawling subterranean pools and sleek glass walls.
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Read more on fnlondon.comAbout this in other media
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Spain has seized Russian oligarch’s $140m superyacht in Barcelona, PM says theguardian.com /2 years ago
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