Source: FT
These are nominal prices, remember. Adjusted for inflation, prices are down almost 40%.
Hence if you do bump into an oligarch at your next London cocktail party – or perhaps when they’re slumming it at Stamford Bridge, home of Chelsea Football Club and a previous plaything of multi-billionaire Roman Abramovich – please do extend your sympathies.
If they’d sold their prime London residential property at the start of 2013 and put the proceeds into a global tracker they’d be up nearly 350%.
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