The number of people enquiring from the United States about homes for sale in the UK is at an eight-year high, a report from Rightmove has revealed.<\/p>\n
US enquiries are 19% higher since the start of the year compared to the start of last year, and the most since 2017.<\/p>\n
The data includes people both enquiring about relocating to the UK from the US or purchasing a second home or buy-to-let property in the UK.<\/p>\n
Colleen Babcock, property expert at Rightmove, said: \u201cPresident Trump\u2019s tariff announcements have led to more economic uncertainty globally, and we\u2019re starting to see some of the effects of this on the UK property market.<\/p>\n
\u201cWhether it\u2019s because the UK is seen as a more stable investment opportunity, or whether some buyers are considering a permanent move across the Atlantic, we\u2019re seeing an increase in enquiries from the US. While a really interesting trend, it\u2019s important to note that only a very small percentage of all UK enquiries come from the US.\u201d<\/p>\n
The majority (47%) of people are looking at smaller 0\u20132-bedroom homes, which suggests investment activity or a second home apartment, rather than a permanent relocation. However, 32% are looking at more mass-market, typical family homes of 3-4 bedrooms.<\/p>\n
The trend emerges as uncertainty grows around President Trump\u2019s economic policies, most notably what he may do long-term around international trade tariffs.<\/p>\n
For these potential US buyers, Scotland has replaced London as the most popular region to enquire about. Over the last 10 years, London has typically seen the biggest proportion of US enquiries, however at the start of this year it has switched to Scotland, potentially due to its lower price point.<\/p>\n<\/p>\n
Some 28% of US enquiries are about homes for sale in Scotland, versus 26% for London.<\/p>\n
Edinburgh has emerged as the most popular destination to enquire about, replacing Westminster which is now in second place. Glasgow has also risen to fourth place, overtaking Kensington and Chelsea.<\/p>\n
Glynn Gibb, regional director at John D Wood & Co, said: \u201cWe\u2019ve certainly seen a steady rise in enquiries from American buyers in Prime Central London, particularly over the past 12 months.<\/p>\n
\u201cWhile it\u2019s not a dramatic uptick, there\u2019s a noticeable trend of high-net-worth individuals looking to move capital into what they see as a safe and stable market. For many US clients, London represents both a safe haven and a strategic investment.<\/p>\n
\u201cWe\u2019re seeing a number of politically motivated relocations \u2013 Americans who are seeking greater stability abroad. London\u2019s culture and global connectivity make it an ideal springboard to Europe and beyond. Many are basing themselves here temporarily \u2013 often staying with friends \u2013 while they work out how long they plan to stay.<\/p>\n
\u201cFor those expecting to remain less than five years, renting can often make more financial sense, especially when stamp duty is taken into account.<\/p>\n
\u201cWe expect activity to build in the coming months \u2013 spring and early summer are typically busy \u2013 as more buyers make lifestyle and financial decisions shaped by the political climate in the USA.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The number of people enquiring from the United States about homes for sale in the UK is at an eight-year high, a report from Rightmove has revealed. US enquiries are 19% higher since the start of the year compared to the start of last year, and the most since 2017. The data includes people both […]<\/p>\n","protected":false},"author":1,"featured_media":379,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n