By  on April 30, 2014

LONDON — The Ukrainian crisis will result in “only a short-term drop” in luxury spending in London and will have little impact on prime residential property, according to a note by Ledbury Research.

Ledbury, a London-based agency that analyzes the luxury market, said Crimea is likely to have a short-term impact on wealth and luxury, particularly in London, which has become a key destination for Russian wealth and spending.

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