Luxury Living in St. John’s Wood: Discover Our Development of the Week

Aston Chase is excited to present 1A St. John’s Wood Park, our development of the week that offers unparalleled design and a prime location in one of London’s most desirable neighbourhoods. The development features a blend of modern and classical architectural designs, incorporating the area’s rich history and blending seamlessly with the traditional Regency white-stucco villas and red-brick Victorian and Edwardian mansion buildings.

The development features several luxury apartments, including six two and three-bedroom lateral apartments ranging from 772.8 sq. ft. (71.8 sq. m.) to 1,121.6 sq. Ft. (104.2 sq. m.), two four-bedroom duplex penthouses measuring 1,469.3 sq. ft. (138.5 sq. m.) and 1,881 sq. Ft. (174.8 sq. m.), and a grand four-bedroom garden duplex residence spanning 2,185 sq. ft. (203 sq. m.) with private front and rear gardens and a lower ground floor courtyard. Some units have been fully dressed and interior designed, offering buyers a turn-key home for immediate move-in.

The lateral apartments feature bright and spacious open-plan living and dining rooms with a deep bay window with full-height glazing and a fully fitted kitchen located off the living space. The ceiling heights reach up to 8.8 ft (2.7m). The bedrooms have built-in wardrobes and ample dressing space, with the principal bedroom suite boasting a luxurious ensuite bathroom, while the other bedrooms share a large family bathroom.

The duplex penthouses offer the layout advantages of a house, with the living and entertaining areas on the upper floor and the bedroom suites on the lower. The upper floor of both penthouses contains a spacious reception room with a large bay and a separate kitchen with an outside breakfast/sun terrace. On the lower floor, the principal bedroom suite is lined with built-in wardrobes, and the bay provides a dressing/make-up area. The main bathroom features a freestanding sculptural bathtub and a separate walk-in shower. The coffered ceilings measure up to 9ft (2.76m) high.

The grand garden apartment has double-height ceilings up to 14 ft (4.2m) on the ground floor, featuring a large reception room that opens onto a private garden, a study/bedroom, and a spacious family kitchen/dining room with a central island. The kitchen opens onto the rear patio garden. On the lower floor, the principal bedroom suite features a main bathroom and a private outside courtyard, perfect for relaxation or exercise, along with two bedrooms sharing a family bathroom.

Residents of 1A St. John’s Wood Park benefit from programmable underfloor heating, comfort cooling to all rooms, CCTV security, and a unique boutique hotel-inspired foyer with a concierge. The building has a passenger lift and staircase to all levels, bicycle storage for residents, and off-street parking.

Located in the heart of St. John’s Wood, 1A St. John’s Wood Park offers easy access to an abundance of amenities, including excellent schools, world-class shopping, and fabulous restaurants, making it an ideal location for families and professionals. The development is also well connected, with several tube stations and bus routes nearby and close to major airports, making it convenient for frequent travellers.

This development is a rare opportunity to own one of London’s most exclusive neighbourhoods, offering luxury, style, and comfort in a prime location. Aston Chase is proud to present this magnificent development and is ready to help you make it your own. Book a viewing today with our team to secure your new home in one of London’s most prestigious neighbourhoods.


Rare Opportunity: Exquisite Victorian Residence on Loudoun Road, St John’s Wood – Property of the Week

Aston Chase’s Property of the Week is this exceptional detached Grade II Listed Victorian residence situated on Loudoun Road. Located in the heart of St John’s Wood and well positioned for The American School in London, St John’s Wood Underground Station, and St John’s Wood High Street, which offers a selection of fashionable restaurants and boutiques.

Arranged over three floors only, this low-built villa provides a rare opportunity to acquire an extremely well-presented detached family home comprising circa 304.1 square metres/3273 square feet and features spacious entertaining rooms, a luxurious principal bedroom suite, and beautifully landscaped gardens, all of which exude sophisticated living.

Combining a host of period features combined with all modern amenities, the house benefits from an abundance of natural light, all of which combines to create a home of timeless charm and elegance.

On entering the house, the reception hall sets the perfect tone and leads to the principal reception room, which provides an elegant setting for entertaining, whilst the former study, now a boot room, offers a flexible space to suit personal preferences. The family room seamlessly connects with the open-plan kitchen/breakfast room, creating a welcoming hub for everyday living. A utility room and guest cloakroom add to the convenience of the ground floor.

Luxurious Principal Bedroom Suite: The first floor is currently dedicated to an exceptional principal bedroom suite, occupying the entire floor, featuring a large en-suite bathroom and an adjoining study (formerly an additional double bedroom). The study also includes an en-suite dressing room, providing ample storage space and enhancing the suite’s functionality.

Additional Bedrooms and Amenities: The property offers three further bedrooms, two additional shower rooms (one en-suite), and off-street parking for three cars, a valuable asset in London. The split-level landscaped rear garden provides a tranquil retreat for relaxation and outdoor enjoyment. There is also off-street parking for three cars and an EV charging unit. Other amenities include air conditioning throughout.

Located just 0.3 miles away from The American School in London, St John’s Wood Underground Station (Jubilee Line), and the vibrant St John’s Wood High Street.



St John’s Wood Schools: Exceptional Education in a Prestigious Neighbourhood

Welcome to our comprehensive guide on schools in St John’s Wood, one of London’s most sought-after residential areas. Known for its leafy streets, elegant architecture, and excellent educational institutions, St John’s Wood is an ideal location for families seeking high-quality education for their children. In this guide, we will provide an overview of the top independent institutions in the area to help you make an informed decision when choosing the perfect school for your child.

Primary Schools

1. Arnold House

Arnold House is a thriving school in St. John’s Wood, providing a comprehensive education to boys aged 3-13. The school prioritises creating a happy learning environment to foster each boy’s potential with excellent pastoral care. Their curriculum encourages personal growth and development, offering a well-rounded balance between academics, sports, music, and the arts. Arnold House is well-regarded for producing exceptional, well-rounded students and maintains strong relationships with prominent senior day and boarding schools. The school instils self-confidence in its students, empowering them to succeed.

2. Saint Christina’s School

Saint Christina’s School provides a nurturing Catholic education that caters to each student’s unique needs with exceptional care, emphasising stewardship and empowering children to reach their full potential. Their innovative curriculum centres around STEM, cultivating intellectual curiosity. Students balance impressive academic achievements with sports, music, and drama involvement. Saint Christina’s pupils excel in 11+ assessments, gaining entry to top-tier senior schools in London.

3. Abercorn School

Founded in 1987, Abercorn is a family-led school with progressive ideas. Despite being small, the school takes pride in making family-centred decisions with its students’ interests at heart. Abercorn aims to provide an excellent education that nurtures a genuine love of learning and fosters individual growth and development. Over the years, the school has evolved, but it has always maintained its founding principles. The staff and faculty at Abercorn continue to prioritise a forward-thinking approach to education that puts the needs of its students first.

Secondary Schools

1. Francis Holland School

Francis Holland School has an exceptional reputation for academic success, accompanied by nurturing pastoral care. Their comprehensive and innovative education kindles a love of learning that lasts a lifetime, preparing students for the future. The school’s ethos is anchored in core values of Knowledge, Compassion, Spirit, and Perseverance, creating a supportive and ambitious environment where girls thrive. Located near Regent’s Park, the school presents a wealth of challenging opportunities for its students, reinforcing its commitment to excellence. Francis Holland empowers every girl to achieve her full potential while staying true to herself, instilling confidence, resilience, and adaptability for an ever-evolving world.

2. The American School in London

The American School in London, founded in 1951, is an accredited independent school that offers an American-style education to students from diverse cultural backgrounds. The school provides a comprehensive educational program focusing on the American curriculum and the International Baccalaureate Diploma. The school boasts state-of-the-art facilities, including science labs, art studios, a theatre, sports facilities, and a well-equipped library, while incorporating innovative teaching methods and a strong focus on technology. The American School in London also offers a diverse range of extra-curricular activities, providing students with a well-rounded and enriching educational experience.

St. John’s Wood boasts exceptional schools that cater to diverse needs and interests, with a strong commitment to academic excellence, personal growth, and well-rounded education. Families have unparalleled opportunities to ensure their child’s success in a supportive and nurturing environment. Conveniently located near renowned institutions such as University College School, South Hampstead High School, and London Business School, St. John’s Wood provides top-quality educational options for a bright future. Enjoy a peaceful and charming neighbourhood while giving your child access to an exceptional education.


Step into Historic Charm and Modern Luxury: A Stunning Victorian Family Home in Little Venice

Aston Chase is thrilled to present our property of the week, a stunning family home located on Sutherland Avenue in London’s highly sought-after Little Venice area. This magnificent mid-terrace house boasts an impressive 4,898 sq ft (455 sqm) of living space, tastefully blending contemporary design with original Victorian elegance.

Renovated and upgraded, this impeccably presented home is a testament to thoughtful detailing, refined finishes, and high-end specifications. The stylish living spaces offer an ideal balance of luxury and comfort, with generously proportioned rooms and impressive ceiling heights.

Upon entering the home, you’ll be greeted by a double-height atrium that dramatically divides the raised ground floor, affording the media and drawing rooms a striking dual aspect. The garden floor features a large, fitted Bulthaup kitchen and a dining room that seamlessly connects to the family room, flowing to the private
south-facing garden. The house’s lawn leads directly onto Formosa Garden – a secure and exclusive three-acre communal landscaped area.

One of the highlights of this home is the substantial roof terrace, which offers uninterrupted local views and an open sun aspect. This additional haven is perfect for relaxing and entertaining.

The home offers seven bedrooms and seven bathrooms, including a luxurious principal bedroom suite that occupies the entire first floor. The suite features a dressing room and a large ensuite, providing the perfect retreat for homeowners seeking privacy and relaxation. The remaining five bedrooms are arranged over the top two floors, with staff accommodation adjoining the garden level.

In addition to the beautiful living spaces, this home also features a gym/bedroom, utility room, plant room, and a Control4 home automation system for AV and lighting. Air conditioning is installed in most bedrooms, ensuring a comfortable living environment year-round.

Located in Little Venice, one of London’s most desirable residential areas, this home is just a short walk from a myriad of local amenities. Formosa Street offers plenty of
eateries and convenience shops, while Clifton Road is home to high-quality specialist shops. The picturesque Regent’s Canal and Clifton Nurseries are also within easy reach.

Little Venice is an excellent choice for families, with an outstanding selection of independent and state schools, ample children’s playgrounds, and exceptional community facilities, all in close proximity. The home is ideally situated for public transport and road connections, with Warwick Avenue Underground Station
(Bakerloo Line) just a few minutes walk away. Paddington Station, the terminus for Great Western Railway and the Heathrow Express is also easily accessible.

This stunning family home on Sutherland Avenue is a rare gem that beautifully combines modern design with classic elegance, offering the perfect blend of luxury, comfort, and convenience in one of London’s most desirable neighbourhoods.


Charming Grade II Listed Villa on Clifton Hill, St John’s Wood – Property of The Week

Aston Chase is thrilled to present our Property of The Week, an exquisite semi-detached Grade II Listed period villa situated on the picturesque Clifton Hill in St John’s Wood. With its charming character, spacious layout, and convenient location, this property offers a wonderful opportunity for a variety of buyers, including young families, rental investors, and those seeking a lock-up-and-leave home. Join us as we explore the delightful features and benefits of our property on Clifton Hill.

Elegant Design and Spacious Accommodation: This well-presented villa boasts a generous living space of approximately 198.2 sq m (2,133 sq ft) spread across three floors. The layout has been thoughtfully planned to provide bright and spacious rooms, ensuring a comfortable and enjoyable living experience. With a perfect blend of period charm and modern convenience, this property offers the best of both worlds.

Ideal for Various Buyers: The versatility of this home makes it highly appealing to a range of buyers. For young families, the property offers ample space and a welcoming environment to create cherished memories. Rental investors will be attracted to the potential returns and the ease of managing the property. Additionally, those primarily interested in apartments will be enticed by the lock-up-and-leave convenience, excellent off-street parking, and low overheads this home provides.

Prime Location with Superb Amenities: The house benefits from an enviable location, nestled between Loudoun Road and Abbey Road, and is within a mere 0.4 miles of The American School in London (ASL). The area offers excellent transport links, including multiple bus routes on Abbey Road, South Hampstead Overground, and Swiss Cottage & St John’s Wood Underground Stations (Jubilee Line). Residents can enjoy the vibrant atmosphere and convenience of nearby shops and restaurants on Abbey Road, Boundary Road & Blenheim Terrace, while the more extensive amenities of St John’s Wood High Street are just 0.9 miles away.

A Welcoming Home with Desirable Features: The villa comprises a principal bedroom with an en-suite bathroom, three additional bedrooms, a further bathroom, a shower room, a drawing room, a reception room, a study, a kitchen open plan with a family/dining room, a utility room, and a guest cloakroom. The well-designed landscaped front garden adds curb appeal, while the small rear decked courtyard provides a private outdoor space. The property also offers the convenience of off-street parking for two cars, a valuable feature in this sought-after area.

Don’t miss the opportunity to experience the charm and elegance of our Property of The Week on Clifton Hill. Contact Aston Chase today to arrange a viewing and experience the exceptional beauty and potential this property has to offer. Our dedicated team is ready to assist you in making this house your dream home.


Unmatched Style and Elegance: Aston Chase’s Property of the Week in the Heart of Marylebone

Aston Chase is delighted to present our latest property of the week on Manchester Street in the heart of Marylebone. This Georgian double-fronted townhouse has been comprehensively refurbished to the highest standards and boasts approximately 466.44 sq m/5,021 sq ft of luxurious living space across five floors. With a prime location, exceptional attention to detail, and an impressive list of features, this townhouse is truly a gem in the heart of London.

The ground floor features a modern glass structure that houses the kitchen, which is fully equipped with top-of-the-line appliances and a separate breakfast room that opens onto a terrace. The ground floor also includes a large dining room, library, and guest cloakroom, all of which have been elegantly refurbished to provide a welcoming and sophisticated atmosphere.

Moving up to the first floor, you’ll find an elegant formal double reception room with a butler’s kitchen and bar area, as well as a private office. The second floor is dedicated entirely to the principal bedroom suite, which features a luxurious en-suite dressing room, a glamorous bathroom, and a separate steam shower room. The top floor boasts three further bedrooms, one with an en-suite shower room and a family bathroom.

The lower ground floor has been transformed to include a media room, a fifth-bedroom suite with a terrace, a gym, a utility room, and a guest cloakroom. The lower ground floor has a separate entrance, providing privacy and flexibility. The property also benefits from air conditioning throughout and a lift that services all floors, making it ideal for those who value convenience and accessibility.

The townhouse also has access to the beautiful private gardens of Manchester Square, providing a serene escape from the bustling city. Additionally, underground parking is available by negotiation in the neighbouring development and can be accessed from the rear gate.

Manchester Street is situated just off Manchester Square in the heart of Marylebone Village. The location offers easy access to the world-class restaurants, shops, and amenities of Marylebone and the West End, as well as the green open spaces of Hyde Park, Regent’s Park, and Manchester Square. Transport links are excellent, with nearby Bond Street, Baker Street, Marylebone, Paddington, and Euston stations all within easy reach.

This townhouse is an exceptional property that offers luxurious living in a prime location. With a comprehensive refurbishment, a modern glass structure, and access to private gardens, this townhouse is ideal for those who appreciate both historic charm and modern luxury. If you’re looking for a property in Marylebone, we highly recommend contacting Aston Chase today to book a viewing to experience this outstanding townhouse for yourself.



A Home at 4-6 St Edmund’s Terrace: The Ultimate Luxury in St John’s Wood, London NW8

Nestled in the prestigious St John’s Wood neighbourhood, 4-6 St Edmund’s Terrace offers an unrivalled living experience for those looking to buy a luxurious apartment in London. Boasting a prime location and an array of top-notch amenities, these apartments are the epitome of opulence and convenience. In this article, we will discuss the benefits of living in St John’s Wood and explore why 4-6 St Edmund’s Terrace is the perfect place to call home.

St John’s Wood: An Enviable Neighbourhood

St John’s Wood is one of London’s most sought-after residential areas, known for its leafy streets, elegant architecture, and exceptional quality of life. This upscale neighbourhood offers several benefits for residents:

1. Prime Location: St John’s Wood is situated in Zone 2, just a stone’s throw away from Central London. This convenient location ensures easy access to the city’s business and entertainment hubs, making it ideal for professionals and families.

2. Green Spaces: One of the major attractions of St John’s Wood is its proximity to Regent’s Park, one of London’s Royal Parks. This vast green space offers an array of recreational activities, from boating on the lake to enjoying open-air performances at the Regent’s Park Open Air Theatre.

3. Excellent Transport Links: With St John’s Wood Station on the Jubilee Line and multiple bus routes nearby, residents enjoy seamless connectivity to the rest of the city.

4. Top-tier Education: St John’s Wood boasts an array of reputable schools, including the American School in London, and is close to renowned institutions such as the London Business School. The area’s excellent educational institutions make it an ideal location for families with children of all ages.

5. High-end Retail and Dining: St John’s Wood High Street, just a short walk from St Edmund’s Terrace, is home to an array of upscale boutiques, cafés, and restaurants. The High Street caters to the most discerning tastes, from designer fashion to gourmet dining.

4-6 St Edmund’s Terrace: Luxury Living Redefined

With its modern architecture and unparalleled amenities, 4-6 St Edmund’s Terrace stands out as a prime choice for those looking to buy a flat in St John’s Wood. Here are some of the key features that make these flats a genuinely exceptional offering:

1. Contemporary Living: The apartments combine elegant contemporary living with high-end finishes, featuring floor-to-ceiling windows, Miele, Quooker, and Hansgrohe fixtures and fittings, and a smart lighting system.

2. Spacious Living Areas: The generously proportioned living spaces offer an abundance of natural light, making the apartments bright and welcoming. The open-plan reception benefits from a double aspect and six floor-to-ceiling windows.

3. Exquisite Amenities: Residents of 4-6 St Edmund’s Terrace enjoy access to a wealth of world-class amenities, including a daytime concierge service, resident parking, and beautifully landscaped outdoor spaces. These facilities cater to the modern, sophisticated lifestyle St John’s Wood is known for.

4. Breath-taking Views: With its proximity to Regent’s Park and being adjacent to Primrose Hill, many flats at 4-6 St Edmund’s Terrace offer stunning views of London’s skyline and green spaces. This unique urban and natural beauty blend provides a serene and tranquil living experience.

The Architect Behind 4-6 St Edmund’s Terrace

The architect responsible for the design of 4-6 St Edmund’s Terrace is Clive Sall Architecture, known for designing high-end residential properties that balance functional design with aesthetic appeal. With an emphasis on creating beautiful and practical spaces, Clive Sall Architecture approaches each project with a unique vision tailored to the client’s individual needs and preferences. When designing the luxury apartments at 4-6 St Edmund’s Terrace, the architect focuses on maximising natural light and creating spacious living areas while incorporating high-end finishes and modern amenities. The result is a collection of stunning apartments that offer a unique blend of elegance and contemporary living. From the floor-to-ceiling windows that provide an abundance of natural light to the Miele, Quooker, and Hansgrohe fixtures and fittings that offer unparalleled quality, every detail has been carefully considered to ensure that residents enjoy a luxurious and comfortable living experience. Clive Sall Architecture’s attention to detail and commitment to quality is evident in every aspect of the design, making the apartments at 4-6 St Edmund’s Terrace truly exceptional.

4-6 St Edmund’s Terrace in St John’s Wood, London, NW8, offers an unparalleled living experience for those seeking a luxurious flat in one of the city’s most prestigious neighbourhoods. With its prime location, exceptional amenities, and breath-taking design by Clive Sall Architecture, 4-6 St Edmund’s Terrace is the epitome of modern luxury. If you are considering purchasing a flat in London, 4-6 St Edmund’s Terrace in St John’s Wood should be at the top of your list.


A Guide to the Best Restaurants, Bars and Shops in St. John’s Wood

St. John’s Wood is a charming residential area in northwest London, known for its beautiful Victorian and Edwardian architecture and proximity to Regent’s Park. It’s also home to various great restaurants, bars and shops. Whether you’re just visiting or looking to move to the area, here’s a guide to the best spots in St. John’s Wood.


1. The Ivy – This upscale eatery is a must-visit for its sophisticated atmosphere and delicious modern European cuisine. The Ivy is also known for its celebrity clientele, so keep your eyes peeled!

2. Soutine – The restaurant has a stylish and elegant interior, with vintage French posters and chandeliers, and the atmosphere is lively and convivial. Whether you are looking for a romantic night out or a fun dinner with friends, Soutine is definitely worth a visit.

3. Cinder – This contemporary restaurant offers globally inspired dishes featuring grilled and smoked dishes. Its chic décor makes it a popular choice for both casual and special occasions.

4. Maido – Associated with exceptional quality, having supplied sushi London’s top Michelin-starred restaurants, this flagship location offers fine dining in a casual setting and food-to-go concepts aiming to make premium, authentic Japanese-inspired cuisine accessible to all in a modern and relaxed atmosphere.

5. AT Feast – This family-friendly culinary hub promotes healthy eating habits and sustainable all-day dining offering a cookery school, ethical shop, and cocktail bar. Their menu features nutritious seasonal dishes, locally sourced light bites, and deli offerings.


1. The Duke of York – This classic English pub has been serving pints since the 1820s. Its cosy interior and friendly staff make it the perfect spot for a casual night out.

2. The Lord’s Tavern – Located near the famous Lord’s Cricket Ground, this sports bar is a popular spot for cricket fans and offers a great selection of beers and pub fare.

3. Crocker’s Folly – This historic pub is known for its stunning architecture and interior design, featuring elaborate carvings and stained-glass windows. They offer a wide selection of beers, cocktails, and classic British pub food.

4. The Ordnance – This trendy gastropub offers a great selection of craft beers and cocktails, as well as delicious pub fares like burgers and fish and chips.


1. Laurents Deli – This French and Italian delicatessen and café is a family-run business that prides itself in bringing you the finest seasonal produce, offering a selection of gourmet foods.

2. Panzer’s Delicatessen – Since 1944, Panzer’s has curated and created delicious epicurean treats for cooking, eating, and entertaining while also providing excellent shopping and a coffee bar experience. Their team of food experts source products from over 80 countries, from Italian producers to New Zealand’s Manuka honey suppliers.

3. Bruno – Focusing on Italian-designed menswear made with the finest yarns available, customers choose Bruno for quality and fit rather than labels. The store has its own tailor on-site to ensure the clothing is adaptable to suit its clientele to ensure it looks as good as it feels.

4. Square One – With two branches located on St. John’s Wood High Street, this fashion retail store offers a wide range of contemporary casual wear options perfect for the young and fashion-forward crowd.

5. Tara Jarmon – This brand is known for its modern and feminine collection with playful colours, prints, and architectural shapes. Their exclusive prints are made in-house and first assembled in calico using an artisanal approach.

6. Unico Gelato and Caffe – This artisanal gelato shop offers authentic Italian gelato, cookies, custom cakes, milkshakes and more made with the highest quality products.

7. Kent & Sons – With a legacy dating back to 1919, this traditional family-run butcher shop believes in supplying the finest British produce and beyond, insisting on the best only when available.

Overall, St. John’s Wood is an excellent destination for anyone looking for great food, drinks, and shopping in a beautiful and historic neighbourhood. Whether you’re in the mood for traditional English pub fare or cutting-edge Japanese cuisine, there’s something for everyone in St. John’s Wood.





Russia has faced widespread global censure since its invasion of Ukraine, but as the U.S. and NATO continue to resist active involvement in the form of a no-fly zone, conflict is instead being waged via economic sanctions that have thus far devastated the value of the ruble as well as Russian stocks. On Friday, U.S. President Biden announced a ban on Russian imports including diamonds, vodka, and seafood

These sanctions have extended to some individual Russians, as well, including the high-profile seizure of yachts belonging to Russian oligarchs, and new legislation in the U.K. that will force offshore entities that own properties in Britain to identify themselves. Stateside, the Biden administration has announced sanctions on a short list of Russian elites described as “Putin’s cronies and family members,” a process that involves freezing their assets in the U.S., including property, meaning they are unable to sell it.

“The U.S. luxury real estate market has typically attracted investments from high-net-worth individuals worldwide,” said Mickey Alam Khan, New York-based president of Luxury Portfolio International. “New York and Miami [are] where Russian oligarchs have parked their capital, especially in condos and new developments through their LLCs.”

In New York specifically, local politicians are exploring further legislation to put pressure on the assets of Russian oligarchs, and New York City Mayor Eric Adams has vowed to assist the Biden administration with any planned crackdowns on Russian-owned luxury properties.

High-profile Russians with strong ties to President Vladimir Putin own a handful of marquee, well-publicized properties in New York City, including three Upper East Side properties worth a combined total of more than $91 million formerly owned by Roman Abramovich, who transferred ownership to his ex-wife Dasha Zhukova in 2017 in advance of a new round of sanctions, the New York Post reports.

Seizing property from Russian oligarchs may appeal to foreign policy hawks and local housing advocates alike, but the reality of the process is far from simple.

“Initially, the [U.S.] government can only freeze the asset,” said Michael Romer, co-founder and managing partner of New York-based law firm Romer Debbas LLP. When the government freezes an asset, “It’s sort of on hold, it’s in limbo,” Mr. Romer said. “[The owner] really can’t use it, can’t enjoy it, can’t sell it, can’t lease it, can’t mortgage it. It’s in this state of limbo where it will make it really uncomfortable for the owner.”

In order to actually seize a property (as opposed to simply freezing it), Mr. Romer said, “The government would have to establish that the property or funds used to purchase the property were associated with a criminal act. What the end result of this would likely be if real estate is frozen in the U.S. is that it would end up in litigation for years.”

“Freezing the assets is one thing, actually seizing them and potentially auctioning off a property down the road, that’s another,” Mr. Romer continued. Among the numerous complications that could arise from potential freezing or seizure of U.S. properties from Russian owners, Mr. Romer said, is the question of who is responsible for paying common charges when a condo asset is frozen; whether the government will target properties owned by relatives or children of certain individuals; and how broadly the government can or should target individuals based on nationality without running afoul of fair housing laws.

Similar complications are likely to arise in the U.K. market, as well.

“A lot of these properties are [owned by] a web of companies or offshore vehicles,” said Mark Pollack, co-founding director at London-based luxury real estate agency Aston Chase. “I suppose they can be unraveled, but it will inevitably take time. And when you’re talking about £40 million [US$52.2 million] or £50 million properties, [those owners] are going to have the best legal representation, they’re not going to go without a fight.”

In the short term, Mr. Pollack’s firm has had “a couple transactions which have been paused or aborted as a result of the sanctions.” While the buyers in question were not on any watch lists, “I think anyone with a Russian nationality at the moment is very concerned that any sanctions could be far reaching and not necessarily exclusively affecting the people they’re intended to affect. The tendency is to try to stay on the side of liquidity.”

In New York, some Russian luxury property owners are quietly considering selling their properties, also in the interest of liquidity.

“So far, there are two active listings that came on [in recent weeks], one $50 million apartment and one $41 million apartment,” Victoria Shtainer, a Ukrainian-born Compass agent in New York City, said last week. “With the ruble being worth less than a cent, this is an asset they have that they feel they could unload and send that money to Switzerland. For any asset right now in New York, now is a good time to sell, and [property] is like one of their diamonds that is easy to liquidate.”

Though there have been a few recent inquiries from luxury buyers hoping to scoop up New York City properties that Russian owners might be rushing onto the market, Ms. Shtainer said, the broader effect of sanctions on the property market may be smaller than on the handful of ultra-high-end trophy homes owned by oligarchs.

According to data compiled by the National Association of Realtors last week, Russian buyers accounted for less than 1% of all foreign buyers of U.S. residential property between April 2015 and March 2021, and the median purchase price among Russian buyers was $325,000. However, the average purchase price for Russian buyers was $652,915, compared to $480,695 for all foreign buyers, indicating a higher percentage of high-end deals done by Russian purchasers.

Previous sanctions enacted during the Obama administration—most notably in 2014 following Russia’s invasion of Crimea, a Ukrainian territory—had long since slowed the influx of Russian buyers into the New York market, Ms. Shtainer said. “They’re a very small proportion of [the city’s international] buyers.”

According to a recent report from Aston Chase, North West London has become a hot spot for Russian buyers, who collectively own £8 billion worth of real estate assets, businesses and other investments in the U.K.

“The real likelihood is that even if they want to transact, they probably won’t be able to for some time until this has all unraveled and legal ramifications are properly resolved and sanctions are lifted or more specifically targeted to individuals,” Mr. Pollack said. “I don’t think there’s going to be a huge impact on our market because in that space [for properties between £5 million and £15 million], there are a lot of buyers.”

New York City is a similarly frothy environment for luxury listings and is on pace to outperform white-hot 2021, according to recent market reports.

Beyond individual properties, broader economic sanctions may already be removing some would-be Russian buyers from the U.S. market.

“People who are living here but still have businesses in Russia have put deposits on new developments in New York and Florida that will be closing in the fall,” Ms. Shtainer said. “If their income stream has stopped and the ruble is down, how can they close? That’s something we should be watching.”

And as for the ultra-wealthy buyers, “Russian oligarchs will now continue looking to buy into friendly regions,” Mr. Khan said. “That means Dubai in the U.A.E. will benefit as Russians move their money across friendlier markets.”

Since Russia’s invasion of Ukraine began in late February, 2.8 million refugees have fled Ukraine and Reuters estimates that total casualties in the conflict have reached 15,000, including heavy losses of Ukrainian civilians. On Monday, Russia and Ukraine met for a new round of talks that have been put on a “technical pause” until Tuesday.



From red-brick Victorian gems to glamorous Regency-era townhouses, period properties possess a certain je ne sais quoi that is missing from the – dare we say it – soulless superstructures of the modern era

You can keep your clean lines, fluid shapes, and metallic textures. When it comes to property, there’s nothing like some old-world charm. We want sash windows and stained glass. Give us ceiling roses, corbels, and cornicing galore. More fireplaces than you can count? Yes please. If you too are a lover of all things ornate, then you’re in the right place: this is our edit of the latest, and most sumptuous, period properties for sale in London right now.

The following is an excerpt from the above Luxury London article which features two offerings from our portfolio of stunning properties.

Regent’s Crescent, W1B

Regent’s Crescent is a slice of London history, forming part of architect John Nash’s grand vision of a Roman-inspired West End approach to Regent’s Park. After a five-year renovation, Regent’s Crescent has emerged as a 120-metre curve of glorious stucco with all the classical beauty of Nash’s design. This is an rare opportunity for buyers to acquire a lateral apartment within this landmark Grade I-listed development – the property features a 75sqm private terrace which runs the entire width of the apartment, as well as a double-height entrance lobby, 24/7 concierge, meeting rooms, a 20m swimming pool, gymnasium, treatment rooms and a private cinema.


Springfield Road, NW8

This Georgian-style house is located in the up-and-coming St John’s Wood. After 2.5 years of painstaking renovation, which included excavating a new lower ground floor to provide additional leisure, recreational and bedroom accommodation, this 522.9sqm detached residence is the perfect family home. The property comprises a principal bedroom with an ensuite dressing room, bathroom and shower room, plus five further bedrooms, reception and living areas, a kitchen/breakfast/dining room and a study. Luxurious extras include a cinema room, split-level gymnasium and two guest cloakrooms.


Looking to buy, sell or let a property of distinction in North West or Central London? Call Aston Chase on 0207 724 4724