Here's how many properties in Lancashire are owned by people in Russia

There are 37 properties in Lancashire owned by people based in Russia, figures show.

By Catherine Musgrove
Friday, 11th March 2022, 12:30 pm

They are among 1,127 properties across England and Wales registered to individuals with a correspondence address in the country.

The Centre for Public Data obtained the figures on overseas ownership from the Land Registry using Freedom of Information laws.

>>>Click here to read why Russian supermarket Mere is closing it’s Preston store

Sign up to our daily newsletter

Russians own 4 properties across Preston according to the latest figures

They show the City of Westminster has the most property owned by Russia-based individuals, at 87.

This is followed by Liverpool, with 72, and Tandridge in Surrey, with 57.

In Lancashire, Blackpool has the most at 32, followed by Preston with 4 and then Blackburn with Darwen which has one.

Russian ownership in Blackpool sees the town reach eight place in the list of all local authorities in England.

Rocketing ownership

The number of properties across England and Wales owned by individuals in Russia has rocketed in recent years, increasing 13-fold between January 2010 and August 2021.

There is no suggestion that any of these people have links to the Putin regime.

But the war in Ukraine has brought renewed focus on Russian-owned property and other assets in Britain.

Assets frozen

The UK government yesterday announced it was freezing the assets of seven oligarchs, including Chelsea FC owner Roman Abramovich.

It has forced a halt to Abramovich’s attempts to sell the club. He had said proceeds from the sale would be donated to victims of the war.

A further group of Russia-based oligarchs close to Putin have also been placed under sanction.

Speaking at the time, Foreign Secretary Liz Truss said: “Today’s sanctions show once again that oligarchs and kleptocrats have no place in our economy or society. With their close links to Putin they are complicit in his aggression.

“The blood of the Ukrainian people is on their hands. They should hang their heads in shame.

“Our support for Ukraine will not waver. We will not stop in this mission to ramp up the pressure on the Putin regime and choke off funds to his brutal war machine.”

Opposition leader Sir Keir Starmer had been among those pushing for further sanctions, saying: “For too long our country has been a safe-haven for the money that Putin and his fellow bandits stole from the Russian people.”