From King Constantine II of Greece and Saudi Arabia¡¯s Sheikh Yamani to Russian billionaire Roman Abramovich, London¡¯s mansions and penthouses have been a preferred haven for superrich exiles and expats since at least the 1970s.
Vladimir Putin¡¯s invasion of Ukraine, and the subsequent targeting of Russia¡¯s overseas money, threatens to end the British capital¡¯s near 50-year run as the plutocrat¡¯s playground of choice.
While plenty will welcome the possible demise of ¡°Londongrad¡± ¡ª the soubriquet attached to the U.K. capital because of all the Russian cash swilling around its housing market ¡ª the city¡¯s real estate firms are less thrilled about a broader clampdown on secretive foreign capital.
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