Aave founder purchases a five story mansion in London for approximately $30 million BlockBeats News: On February 3rd, Stani Kulechov, founder of DeFi platform Aave, purchased a five story Victorian style mansion in Notting Hill, London for £ 22 million (approximately $30 million), becoming one of the highest priced transactions in the high-end residential market in London in nearly a year. According to the disclosure, the transaction was completed in November last year at a price approximately £ 2 million lower than the guidance price previously provided by the intermediary. This mansion overlooks the panoramic view of Notting Hill. Kulechov did not comment on this. According to reports, against the backdrop of the UK Labour government raising stamp duty and canceling 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 residential transactions of over £ 5 million in December 2025. In this environment, the transaction is seen as one of the few bright spots in a sluggish market.