Psst… anyone want to buy an embassy? 

A former Soviet Union symbol carved in marble.

Apparently Roman Abramovich’s attempts to offload his London properties have been thwarted by the UK government’s imposition of sanctions on those deemed to support Vladimir Putin’s invasion of Ukraine. 

According to Property Industry Eye Abramovich’s 15-bedroom mansion in Kensington Palace Gardens, which he tried to put up for sale before it was seized, has a price tag of more than £150m. 

The most expensive property in his London portfolio, this Grade II-listed building was once the Russian embassy. But Abramovich has-absolutely-no-connections-to-Putin-at-all. Before you reach for the novichok

Abramovich’s triplex penthouse in a 37-storey Chelsea Waterfront building, potentially around £30m, has also been seized. 

Meanwhile, Abramovich’s other property interests include a six-storey townhouse in Eaton Square, which he acquired for £28m. 

Mark Ridley, Savill’s CEO, confirms Russian buyers represent a “tiny proportion” of the market, suggesting that only 1.4% of central London is owned by Russian investors. (That still seems a lot, actually – Ed). 

The sanctions imposed by the UK government in recent days in response to the invasion of Ukraine have now made it far harder for rich Russians to buy property in London. 

Reported here in the Evening Standard Ridley said “[Russian buyers] haven’t been a big part of the market for years,” he said. “They never were a massive part.” (That newspaper which is, by coincidence incidentally, still owned by… the Russian born, Evgeny Lebedev. Certainly not an oligarch. But actually recently made Lord Lebedev. I’m not making this up – Ed.

If you aren’t a Russian oligarch, and would like to discuss something related to a property valuation, please contact Zah direct via email at zah@scrivenertibbatts.co.uk or call 020 8947 7040. 

Surveyors, Wimbledon, PrimeCentralLondon, residentialproperty, leasehold, leaseholdvaluation, MertonChamberofCommerce, WimbledonVillage, landlord, leaseholdreform, CompulsoryPurchaseOrders 

Psst… anyone want to buy an embassy? 

Apparently Roman Abramovich’s attempts to offload his London properties have been thwarted by the UK government’s imposition of sanctions on those deemed to support Vladimir Putin’s invasion of Ukraine. 

According to Property Industry Eye Abramovich’s 15-bedroom mansion in Kensington Palace Gardens, which he tried to put up for sale before it was seized, has a price tag of more than £150m. 

The most expensive property in his London portfolio, this Grade II-listed building was once the Russian embassy. But Abramovich has-absolutely-no-connections-to-Putin-at-all. Before you reach for the novichok

Abramovich’s triplex penthouse in a 37-storey Chelsea Waterfront building, potentially around £30m, has also been seized. 

Meanwhile, Abramovich’s other property interests include a six-storey townhouse in Eaton Square, which he acquired for £28m. 

Mark Ridley, Savill’s CEO, confirms Russian buyers represent a “tiny proportion” of the market, suggesting that only 1.4% of central London is owned by Russian investors. That still seems a lot, actually. 

The sanctions imposed by the UK government in recent days in response to the invasion of Ukraine have now made it far harder for rich Russians to buy property in London. 

Reported here in the Evening Standard Ridley said “[Russian buyers] haven’t been a big part of the market for years,” he said. “They never were a massive part.” (That newspaper which is, by coincidence incidentally, still owned by… the Russian born, Evgeny Lebedev. Certainly not an oligarch. But actually recently made Lord Lebedev. I’m not making this up!) 

If you aren’t a Russian oligarch, and would like to discuss something related to a property valuation, please contact Zah direct via email at zah@scrivenertibbatts.co.uk or call 020 8947 7040.