"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"
- Colleen Babcock - Rightmove
A new report from Rightmove reveals that enquiries from the United States about homes for sale in the UK are at an eight-year high. Since the start of this year, the number of enquiries from the US is 19% higher than at the same point last year, marking the largest increase since 2017.
The data includes those enquiring about relocating to the UK as well as those looking to purchase second homes or buy-to-let properties. 47% of these enquiries focus on smaller properties with zero to two bedrooms, suggesting investment or second home activity rather than permanent moves. Meanwhile, 32% of enquiries relate to larger family homes with three to four bedrooms.
This trend coincides with growing uncertainty surrounding President Trump’s tariffs and their potential impact on the global economy.
For US buyers, Scotland has overtaken London as the most popular UK region to enquire about. While London has dominated US interest over the past decade, Scotland now accounts for 28% of US enquiries compared to 26% for London. Edinburgh has emerged as the most popular area for US buyers, replacing Westminster, which now ranks second. Glasgow has also risen to fourth place, overtaking Kensington and Chelsea.
“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," comments Rightmove’s property expert, Colleen Babcock.
"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. While a really interesting trend, it’s important to note that only a very small percentage of all UK enquiries come from the US.”
Glynn Gibb, Regional Director at John D Wood & Co, added, “We’ve certainly seen a steady rise in enquiries from American buyers in Prime Central London, particularly over the past 12 months. While it’s not a dramatic uptick, there’s 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. We’re seeing a number of politically motivated relocations - Americans who are seeking greater stability abroad. London’s culture and global connectivity make it an ideal springboard to Europe and beyond. 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. We expect activity to build in the coming months - spring and early summer are typically busy - as more buyers make lifestyle and financial decisions shaped by the political climate in the USA.”
