The strength of the dollar is attracting more US buyers to the capital, according Winkworth.
Winkworth is not the only London-based estate agency to see a sharp rise buyers from the US.
Knight Frank has also seen a surge in purchasing coming in from across the pond.
Knight Frank concurs that the strength of the US dollar may have played a part, as buyers using the greenback enjoyed a 38% discount on properties in prime parts of London, compared with what they might have paid a decade ago.
But Knight Frank also believes that many super-rich Americans are buying up London properties to escape Trump.
Americans accounted for 11.6% of all overseas buyers in central London during the final three months of 2024, according to research from Knight Frank, as they surpassed their counterparts from China, who made up 8.1%.
The rise in wealthy US buyers comes as Americans applying for UK citizenship recently hit a record high, according to the Home Office, with Donald Trump’s return to the White House thought to be a major factor behind the influx.
More than 6,100 people applied last year, the data show, with applications surging by 40pc year-on-year in the final three months of 2024 – the same period which saw Trump re-elected to the White House.
Tom Bill, head of UK residential research at Knight Frank, said Britain is well-placed to position itself as a safe bet for overseas investment.
Read the orginal article: https://propertyindustryeye.com/americans-take-advantage-of-dollars-strength-to-buy-property-in-london/
