Trade of the Day: Buy London Mansions

Mark Gilbert is a Bloomberg Gadfly columnist covering asset management. He previously was a Bloomberg View columnist, and prior to that the London bureau chief for Bloomberg News. He is the author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”
Read More.
a | A

The U.S. and European Union added more Russian officials and companies to their sanctions list as they seek to punish Russia for the crisis in Ukraine. As my colleague Leonid Bershidsky points out, the $51 billion that escaped from Russia in the first quarter needs a home, and London property is both liquid and legally secure. So today's Trade of the Day: buy London mansions, even with prices in the capital already more than double everywhere else in the U.K.

London's real-estate bull market. Source: Bloomberg

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Mark Gilbert at

To contact the editor on this story:
James Greiff at