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US Property Investors Looking to UK Market Ahead of Election

As the American public head to the polls, UK estate agents have seen a rise in interest for UK property from US investors.

US Property Investors Turn to UK Market Ahead of Election

As the American public head to the polls, UK estate agents have seen a rise in interest for UK property from US investors.

According to property agent Croft UK Real Estate, there has been a surge in demand from purchasers in the USA for properties in the UK, as buyers wait to see the results of the election.


The agency has recorded an increase in demand of up to 60% since the beginning of the year from American purchasers seeking to purchase in London and the South East.


With the election remaining a tightly fought contest, Toby Cockcroft of Croft UK Real Estate, explained that many US investors are making a number of purchases that are conditional on the results of the election, as uncertainty permeates through the US real estate market.


The current economic climate has also been highlighted as a motivating factor for US buyers, with the dollar commanding a favourable exchange rate against sterling following Brexit, allowing purchasers to take advantage of a more affordable property market, particularly in London.


Estate agent Stirling Ackroyd has also released figures to demonstrate the affordability of the capital to American buyers, with the agent calculating that the cost of the average property in London has fallen by 9.2% for investors from the US.


As the market waits to discover whether it will be Hillary Clinton or Donald Trump who emerges as the next President of the United States, the UK has seen encouraging news in the latest house price report from Halifax, which reported a 1.4% increase in October, in spite of Brexit.

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