Where does a lot of the money from Russian oligarchs come from? Why do they choose to spend it on London and Brighton property instead of their home country?

A significant portion of the wealth of Russian oligarchs comes from the privatization of state-owned assets in the 1990s after the collapse of the Soviet Union. This process, known as "privatization," saw the transfer of ownership of many large state-owned enterprises and natural resources to a small group of individuals and companies, many of which were connected to the government. These individuals, known as oligarchs, were able to accumulate vast wealth and become some of the richest people in Russia.

As for why they choose to spend their money on property in London and Brighton, there are several reasons. Firstly, London and Brighton are seen as safe havens for wealthy individuals and their assets, offering stability and security. Secondly, the UK has a long-standing reputation as a hub for international business and finance, making it an attractive destination for wealthy individuals who want to invest in real estate or other assets. Additionally, the UK's relatively stable political and economic environment and the availability of top-tier schools, health care, and cultural attractions also make it an attractive place to live. Finally, the UK's favorable tax laws, including the absence of wealth taxes, make it a more appealing destination for wealthy individuals who are looking to minimize their tax obligations.