Photo: Sandbanks Beach in Dorset, England. Credit: Kathy Collins, Getty Images
The U.K. is not usually seen as a prime location for the second homes for the world's rich and famous, but a growing number of Russians are shunning the traditional destinations for real estate on a strip of coastline dubbed "Britain's Palm Beach."
Sandbanks, in Dorset, England, is a small peninsula dotted with glitzy waterside properties - with price tags often running into the tens of millions of dollars. It is widely regarded as the fourth most expensive place in the world to buy property after the upscale parts of New York, London and Tokyo.
Until now, buyers of area's luxury lodgings have mostly hailed from in and around London, but there is increasing interest from overseas – and Russia in particular, according to Tom Doyle, managing director of Lloyds Property Services.