Trump vs Biden and how that effects the UK Property Market

Trump or Biden UK Property

As two senior gentleman battle it out across the water to decide who will be in power of the United States of America come Tuesday, 3 November 2020, I wonder what the effect, and if any, it may have on the UK property market.

It is a common saying that “when America sneezes, the world catches a cold” and if you believe everything you read in the papers and on television news channels then you will be fearful if Trump gets in to power again then it will mean the end of the world for many as he puts America first. If you take out the media and simply focus on the likes of social media, where Trump is very much on top of things, then you will be very fearful that if Biden gets in power as America will be put to the dogs, such as sold to China, and the rest of the world will in turn suffer.

So, what really will this mean, Trump or Biden, to the UK property market once it has been decided who takes over from Trump 2016-2020 term?

TRUMP:

A stable USA economy is good for the world and it would seem, with Trump in power, that things are on the up with reduced unemployment and an improved stock market scene despite the ugly bite from Covid-19. There though has been noticeable concern to housing stocks and affordable housing from many – rather like what we see here from the UK with forever failings to achieve new building / affordable housing targets. Though we also see from Trump “opportunity zones” that are there to encourage investments in to poorer residential areas thus more needed developments. Four more years of Trump would undoubtedly see much of this repeated. Though Covid-19 pandemic has seen Trump aid the market with it now being illegal for landlords to evict most tenants.

With the UK now our of the EU and able to now negotiate for free trade deals, such as that recently agreed with Japan, then surely a major pen to paper agreement is in the pipeline with the USA and many would feel that this relationship would be better between Trump and the UK over Biden and the UK.

BIDEN:

Biden, the challenger for the 2020-2024 term is speaking about plans to help first time buyers with finances for down payments (including tax credits for first-time home buyers) on purchasing property along with more detailed rental assistance practises for the poorer communities across the country. He very much feel compassion about issues such as devaluation of property due to communities being of colour compared to those being white. He also plans incentives such as a new public credit agency that sees people credit history based on how/when they pay rental and utility bills.

There are many pots starting to boil over and gaining global media exposure such as climate change, immigration, Covid-19 and how it is controlled, racial relationships and much more – All these factors also have a great effect on global economy and also ultimately property value.

A crashed economy will likely see deflated house prices though unless there are housing shortages to combat this. Interest rates remain low and rumours show that they may go even lower or in to negative.

Trump or Biden

Trump or Biden

 

So, is it Trump or Biden?

TRUMP:

Likely to keep America great and the super power. Likely to reward those who work hard and allow them to build wealth (much of this involves property). Will reject illegal immigration. Will want lawful control over everyone. Will not look in to racial tensions.

Likely to maintain house price values despite Covid-19.

In the last four years the homeownership rate has been going up, finally,” says John Weicher, director of the Center for Housing and Financial Markets at the Hudson Institute – source realtor.com

BIDEN:

Likely to make America accessible to all. Likely to work on social / affordable housing. Likely to reduce control such as policing. Will want a more equal playing field between all and continue the likes of Obama’s housing discrimination drive to merit affordable housing based on diversity.

Likely that house prices will fall as real estate is not such a profitable sector to investors.

“Joe Biden dropped a $640 billion housing plan this week aimed at helping first-time home buyers, combating racism in the housing market, and providing assistance to low-income renters.” Source realtor.com

 

 

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

UK monthly property transactions for May 2025

Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
Read More
Breaking News

Construction Skills Mission Board (CSMB) shows the Government has a plan

The Construction Skills Mission Board (CSMB) held its first board meeting today (26 June 2025), where it set out a roadmap for recruiting 100,000 more construction workers a year by the end of Parliament. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Construction Skills Mission Board (CSMB) is a recognition…
Read More
Paint Stripper Tools
Estate Agent Talk

5 Strategies to Optimise Your Warehouse for Real Estate

The term fixer-upper can mean many things, from ‘slap some paint on the walls and it looks brand new’ to ‘will this building collapse if we open the front door?’ Indeed, in the dicey world of commercial property acquisition, each warehouse you buy will probably fall into both camps. Thinking about the viability of warehouses…
Read More
Breaking News

HMOs sell for up to 50% above market average

New research from Excellion Capital, the boutique debt advisory and investment firm, reveals that HMOs sell for as much as 50% above the average house price, further increasing their investment potential after it was revealed that HMOs also create rental yields of up to 12.5%. After previous research from Excellion Capital recently showed that the…
Read More
Breaking News

UK buyers struggle while 50,000 homes sit empty

As the UK housing crisis deepens, new analysis by Open Property Group exposes a worrying surge in so-called “zombie homes”- properties that sit unoccupied and deteriorating while millions struggle to access affordable housing. Key insights: 50,000+ long-term vacant homes in England alone 23,000+ of these have been empty for more than two years Estimated £13.6…
Read More
Breaking News

Breaking Property News 26/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK is Europe’s second most distressed market despite headline GDP growth Retail and Consumers Goods has emerged as the most distressed sector in Europe, with distress levels now the highest since the global financial crisis, according to the latest Weil European Distress Index (WEDI). The…
Read More