Despite the findings of Citibase’s survey suggesting otherwise, I believe London should be preparing to benefit from an exodus of nervous US investors fearing the worst, as Donald Trump commences his third week in power.
London’s prime property market is certain to be a popular choice for those seeking a safe haven for their cash at a time of huge global political and economic uncertainty.
We have already seen an increase in US dollar buyers in prime central London since the election result was announced in November, fearful that Trump’s policies will cause a weakening of the dollar and a new era of US isolationism.
They are keen to lock in recent gains against the pound and are pleasantly surprised to discover what their dollars can buy them in London’s prime postcodes and emerging prime areas such as Battersea, home to the new US Embassy and Apple’s new HQ.
Our West End culture, legal and transport systems, language and educational facilities will always be popular with US buyers and this only goes to boost London’s position as the world’s leading financial centre over New York.