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Brexit prompts Russians’ demand for real estate in London

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Brexit prompts Russians’ demand for real estate in London

Following Brexit voting, the number of requests from the Russians for real estate in London has increased by 21%, Knight Frank company reports.


“The growth of interest is caused both by the decline in pound sterling exchange rate and emerging of discount objects on the market from individuals and building developers”, - the document says.

On the 23rd of June, the United Kingdom held a referendum on the country’s membership in the European Union. According to the official data, 51,9% of Britons voted in favour of leaving the EU.

After the voting results had been published, the sales volume of premium housing in London increased by 38% compared with the previous week of the same month.

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