Aave Founder Buys Five-Story London Mansion for Around $30 Million

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On February 3rd, Aave founder Stani Kulechov bought a five-story Victorian mansion in London’s Notting Hill for £22 million (roughly $30 million)—one of the priciest residential deals in London’s high-end market over the past year. The transaction closed in November last year, with the final price about £2 million below the agent’s prior asking guidance. The property offers panoramic views of Notting Hill. Kulechov has not commented on the deal. Against a backdrop of the UK Labour government hiking stamp duty and scrapping tax breaks for ultra-high-net-worth foreign residents, London’s luxury housing market remains under pressure. Transactions for homes priced above £5 million fell by roughly 40% year-over-year in December 2025. In this climate, the deal stands out as one of the few bright spots in an otherwise sluggish market.

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