In 1983 they were only 50 to 100 Russians living in the city. But after money began to trickle in one guy spent $112 million on a 15-bedroom pile on Kensington Palace Gardens, a half-mile gated avenue known as Billionaire’s Row. Things turned like a flood in the next years. The siege on the city started and a lot of wealthy families raised the bar for the other oligarchs. It become a trend for powerful people to have a flat or property in the city. Some were also attracted by the private school system and the possibility for their children to be educated in a safe haven. Their money supercharged London’s property market for some time until someone called the shots. It was the annexation of Crimea and other events that cooled the big attraction of spending big bucks on different amenities around the city. Russian buyers became less dominant in this upscale market and things made prices fall. After the invasion and with the pandemic all along buyers were not willing to pay much for such homes, especially for those with limited or no outside living space. The fall of Londongrad began.
