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U.K. Takes Aim at Rich Russian Owners of Luxury London Property

  • Boris Johnson says oligarchs will ‘have nowhere to hide’
  • Data show rise in Russian-based owners of U.K. properties
A London bus crosses Westminster Bridge over the River Thames in London, U.K.

A London bus crosses Westminster Bridge over the River Thames in London, U.K.

Photographer: Hollie Adams/Bloomberg
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From Chelsea penthouses to Highgate mansions, Russia’s long-standing infatuation with U.K. real estate is evident from a cursory glance at some of the country’s priciest property transactions. The past decade has seen that trend explode.