BlockBeats News, February 3rd, Aave founder Stani Kulechov purchased a five-story Victorian-style mansion in Notting Hill, London for £22 million (approximately $30 million), making it one of the highest-priced transactions in the London high-end residential market in the past year.
According to reports, the transaction was completed in November last year, with the final price about £2 million lower than the guidance price previously provided by the agent. The mansion offers a panoramic view of Notting Hill. Kulechov has not commented on this.
Reports indicate that against the backdrop of the UK Labour government raising stamp duty and abolishing tax incentives for ultra-high-net-worth foreign residents, the London luxury housing market continues to be under pressure, with a year-on-year decrease of about 40% in the volume of residential transactions above £5 million in December 2025. In this environment, this transaction is seen as one of the few bright spots in a sluggish market.
