Stani Kulechov acquires a prestigious mansion in Notting Hill amid a struggling London real estate market

The founder of the decentralized finance platform Aave, Stani Kulechov, made one of the most spectacular real estate acquisitions in central London by purchasing a five-story Victorian residence. This transaction, of remarkable scale, occurs in a context where the UK luxury real estate sector is facing unprecedented structural difficulties.

An exceptional property priced at 22 million pounds

The deal was finalized in November 2025, with a purchase price of 22 million pounds for this iconic Notting Hill property. According to information reported by BlockBeats, the final price was approximately 2 million pounds below the initial estimate provided by real estate agents, reflecting the tight negotiations in this high-end market.

This residence offers exceptional panoramic views of the Notting Hill neighborhood and represents one of the most substantial residential investments recorded on the London market in recent times. Kulechov has refrained from making any public comments regarding this acquisition.

The political and fiscal context impacting the luxury real estate market

The manor’s acquisition comes as London’s prestige real estate sector faces increased pressure, largely attributed to tax measures implemented by the UK Labour government. These policies include a substantial increase in stamp duty on high-value property transactions and the elimination of favorable tax regimes previously benefiting foreign residents with exceptional incomes.

These measures have led to a noticeable cooling of the high-end market, with forecasts indicating a significant contraction in activity. The volume of transactions involving properties exceeding 5 million pounds is expected to decrease by about 40% year-over-year, illustrating the extent of the slowdown affecting this segment.

A transaction seen as a positive signal in a declining market

In this restrictive economic environment, Kulechov’s acquisition of the manor stands out as a remarkable sign of dynamism and confidence in the London real estate market. This major investment is a notable exception in an environment otherwise characterized by investor caution and declining deal volumes. The purchase underscores the resilience of the high-end sector, even in the face of regulatory and fiscal challenges currently affecting the market.