A notable rise in enquiries from US residents about UK properties has been recorded, reflecting growing international interest amid global economic uncertainty. According to Rightmove, this surge marks the highest level of US-based inquiries since 2017, with Scotland’s capital, Edinburgh, emerging as the most sought-after location.
The trend signals a shift in the UK property market dynamics, driven in part by international factors and changing buyer priorities. This growing demand comes at a time when geopolitical and economic tensions are prompting investors and potential residents to reconsider their options overseas.
Economic Uncertainty Drives Us Buyers to Seek UK Property Opportunities
The recent increase in enquiries from American house hunters to the UK is seen as a response to global economic instability. Rightmove suggests that the announcement of tariffs by US President Donald Trump has heightened uncertainty, encouraging some US residents to explore the UK market either for investment or relocation.
Colleen Babcock, a property expert at Rightmove, stated that the UK is perceived as a “more stable investment opportunity” amid these fluctuations. While the number of US enquiries remains a small fraction of overall UK interest, the rise is significant enough to indicate a changing pattern.
The nature of the enquiries also highlights a focus on smaller properties, primarily homes with two bedrooms or fewer. This suggests that many Americans are considering the UK for second homes or buy-to-let investments rather than permanent relocation.
According to Toby Leek, president of the National Association of Estate Agents Propertymark, Scotland’s relatively lower property prices compared to England make it an attractive option for overseas buyers seeking value, particularly in scenic and rural locations.
Shifting Preferences: Scotland’s Rise and London’s Enduring Appeal
Historically, London has been the primary focus for US property buyers, but recent data from Rightmove shows a marked shift. Edinburgh now tops the list of preferred locations, with Glasgow also gaining traction, surpassing some of London’s more traditional high-demand boroughs such as Islington and Kensington and Chelsea.
Experts attribute Scotland’s rise in popularity to more affordable property prices and picturesque surroundings. Leek noted that the average home price in Scotland is approximately £100,000 less than in England, appealing to those looking for a rural escape with greater purchasing power.
Despite this shift, London remains a key destination, particularly among high-net-worth individuals.
Glynn Gibb, regional director at John D Wood & Co, observed a steady rise in enquiries from American buyers interested in central London, valuing it as a “safe haven and strategic investment.” London’s cultural richness and connectivity to Europe contribute to its lasting allure for both temporary residents and investors.
These developments reflect a complex interplay of economic factors and lifestyle preferences influencing international property markets.