Wealthy people from Russia and Eastern Europe, affected by the economic crisis at home, stopped to buy housing in London, hit to the last bastion of real estate market, says InoPressa.ru with reference to The Sunday Times.
"They were the market, - said Andrew Lengton, head of real estate agency Aylesford, sell the most expensive homes in London. - A year ago there were about a dozen wealthy Russians seeking to buy. In their abandonment of the real estate has fallen in price to 50%."
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Lengton results as an example the case of a high-ranking Ukrainian politics, whose name he did not name, refused in September for financial reasons from the transaction to acquire a house in Chelsea for 80 million pounds sterling, which Lengton act as a mediator.
"The House - an important, unique properties, not intended for sale, but the customer wanted to buy and we are convinced the owner to sell it - he said." - And then the buyer called us and said: "Excuse me, I am in full disarray. I just came home and did not immediately realize that we have a cash crisis. More I can not participate in the transaction. "
While Lengton and its competitors did not hear that the owners of Eastern Europe began to sell off its assets - probably because in most cases, real estate in London is a relatively small part of their asset portfolio. "While we are not seeing panic selling, but perhaps it will begin in January," - said sales agent for real estate Charles Makdauel.
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