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

To contact the writer of this article: Mark Gilbert at magilbert@bloomberg.net


To contact the editor responsible for this article: James Greiff at jgreiff@bloomberg.net