London’s great again! US buyers defy Trump tariff chaos

New figures from Rightmove show that potential investors from the United States have jumped nearly 20% in the last year.

Trump rightmove

Numbers of potential property buyers from the United States have jumped nearly 20% this year to the highest in eight years, Rightmove has claimed.

New figures from the portal reveal that Scotland now beats London for US enquiries, with Edinburgh the most desirable location, helped by the tartan appeal of the country to many US citizens whose forebears hail from Scotland.

Westminster and Camden come in second and third on the list of popular places for Americans, with Glasgow fourth.

Second home

The data includes people enquiring about relocating to the UK, and actually purchasing a second home or buy-to-let property.

A large number (47%) of people are looking at one or two-bedroom homes, which suggests investment activity or a second home, rather than a permanent relocation, Rightmove says.

However, 32% are looking at typical family homes of 3-4 bedrooms.

Uncertainty
Colleen Babcock, Head of Partner Marketing, Rightmove
Colleen Babcock, Property Expert, Rightmove

Colleen Babcock, Property Expert at Rightmove, says: “President Trump’s tariff announcements have led to more economic uncertainty globally, and we’re starting to see some of the effects of this on the UK property market.

“Whether it’s because the UK is seen as a more stable investment opportunity, or whether some buyers are considering a permanent move across the Atlantic, we’re seeing an increase in enquiries from the US.”

We’ve certainly seen a steady rise in enquiries from American buyers in Prime Central London.”

Glynn Gibb - John D Wood
Glynn Gibb, Regional Director, John D Wood & Co

And Glynn Gibb, Regional Director at John D Wood & Co, says: “We’ve certainly seen a steady rise in enquiries from American buyers in Prime Central London, particularly over the past 12 months.

“Many are basing themselves here temporarily – often staying with friends – while they work out how long they plan to stay. For those expecting to remain less than five years, renting can often make more financial sense, especially when Stamp Duty is taken into account.”

More on international buyers


One Comment

What's your opinion?

Back to top button