Will Watson, Head of The Buying Solution, talks to Melissa Lawford of The Telegraph about the rise in enquiries from wealthy American Democrats seeking a ‘safety net’ second home in London after Trump’s re-election.
Read the article in The Telegraph here
As British property experts, we see global events shape our market in unexpected ways. With Donald Trump’s return as the 47th US President, Will Watson, Head of The Buying Solution, considers how this could drive renewed American interest in UK property.
It is, by anyone’s measure, an extraordinary comeback. Donald Trump’s decisive victory over Kamala Harris in the US election will have implications across the globe. As British buying agents, we are closely watching how this shift in American leadership may impact the prime UK property market.
A second Trump presidency could indeed drive increased American interest in UK property, with motivations extending well beyond politics. For many high-net-worth American families, growing divisions within the US and pressing concerns about safety are becoming decisive factors in exploring relocation. The tragic statistics are stark: there have been 58 school shootings in the United States so far in 2024. Each day, 12 children in America lose their lives to gun violence, while another 32 are shot and injured, according to the New England Journal of Medicine.
At least 29 states allow individuals other than police or security officials to carry guns on school grounds, according to the National Conference of State Legislatures. Trump’s strong alignment with the National Rifle Association and his unwavering support for gun rights add to the unease among parents who increasingly see gun violence as an unavoidable risk in American life. This concern for safety has prompted numerous families from the West Coast and New York to consider the UK – not for tax breaks, educational benefits, or the allure of the British climate – but for the peace of mind that stricter gun laws can bring. While crime rates in the UK have increased, they are modest in comparison to those in the US. For families weary of active-shooter drills and the spectre of gun violence in schools and kindergartens, the UK’s lower rates of violent crime and strong gun control offer a compelling appeal.
Beyond safety, the “special relationship” between the UK and the US holds its own appeal. For many Americans, the UK offers an accessible transition – a shared language, an internationally well-regarded education system and a thriving cultural scene. It’s a natural choice for families considering relocation. And with some of the UK’s best schools and universities in and around London, the appeal is even stronger for parents interested in long-term residency for their children’s education.
Financially, there is potential for increased American investment as well. The dollar’s strength against a relatively weaker pound creates an attractive buying opportunity. For Americans, UK property has always held a certain cachet and when combined with favourable exchange rates, the value becomes hard to ignore. London property prices have softened recently and, while this might seem like a negative indicator, for those looking to buy and hold it’s actually an ideal scenario – an opportunity to invest in a market that is likely to appreciate in the long term.
However, it’s not a straightforward choice for every family. Moving across the Atlantic is no small feat, and many of our American clients have business interests that tie them to the US. While we might see an increase in families relocating to the UK, it’s likely that many will opt to keep their businesses stateside, creating what we might call “transatlantic households,” with families based here and professional commitments remaining in the US. Meanwhile, the recent UK budget and its potential impact on non-doms could well be another consideration affecting plans to relocate.
Of course, it’s difficult to predict exactly how a second Trump term would unfold and the direct impact it might have. But from our vantage point, we are already seeing an increase in enquiries and interest from American buyers, and we believe this could very well grow in the coming years. For now, American buyers are actively exploring their options, assessing the UK market and weighing the appeal of London’s property landscape amid its current buyer-friendly conditions.
Ultimately, whether or not we see a surge in American buyers will depend on how events play out in both the US and UK. But for families looking to combine safety, cultural familiarity and long-term investment potential, the UK remains an appealing choice – and with a strong dollar, the opportunity has perhaps never been more attractive.
Will Watson is Head of The Buying Solution
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