Booming UK property market demand from Trump’s US
Commenting on how the UK property market is now experiencing a boom in demand from Trump’s US as well as the East, Daniel Austin, CEO and co-founder at ASK Partners, said:
“The UK property market is experiencing a surge in demand from US buyers, driven by Donald Trump’s return to the White House, a stronger dollar, limited UK property supply, and London’s enduring appeal as a global hub. Prime areas like Mayfair and Belgravia are transforming into “Manhattan-on-Thames,” attracting wealthy Americans capitalising on favourable exchange rates and the capital’s prestige. This trend complements robust interest from the Middle East, where dollar-pegged currencies are enhancing purchasing power. Investors from the UAE, Saudi Arabia, and Qatar are increasingly targeting prime residential properties, student accommodation, co-living and Build-to-Rent (BTR) developments designed for younger professionals.
“Savills data highlights North American retail brands expanding along Oxford Street, underscoring transatlantic appetite for UK investments. At the same time, Labour Party signals, including Rachel Reeves’ softened stance on non-dom tax reforms, aim to retain affluent residents and could further boost demand. While higher borrowing costs may curb broader growth, persistent supply constraints and emerging trends like co-living schemes ensure the UK market remains a compelling investment destination. Funds and property investment vehicles are well-positioned to capitalise on these opportunities.”
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