There’s been “a clear rise” in US-based buyers actively exploring relocation and property purchasing in the UK, a finance firm claims.
James Mulvaney of Clifton Private Finance says “a a sustained pattern of genuine intent” suggests this is no longer just a spike following the 2024 US election, and is instead ”a growing appetite for stability and opportunity in an international market that feels both familiar and secure.”
He says there’s been an increase in Google search data for “UK mortgage” searches by US users. And last month his firm recorded the highest number of enquiries from American nationals this year, up 30% compared to the monthly average.
He continues: “It’s likely that the increase in enquiries is the result of people re-evaluating their options in the current global economy. For many expats in the US, and Americans alike, the UK represents a stable and attractive environment to live, work or invest in, especially given how strong the dollar has been over the past year.
“Favourable exchange rates mean that US buyers currently get more for their money when purchasing in the UK, particularly in major cities such as London, Manchester and Edinburgh. For those considering relocation, the UK offers a blend of economic stability, cultural familiarity and global connectivity that’s hard to match.
“We’re also seeing enquiries from people who aren’t necessarily looking to relocate permanently, with some exploring investment properties, second homes or flexible living arrangements in the UK, which are often tied to work opportunities, study plans or family connections.”
“The UK continues to be a global hub for education, business and culture, making it a compelling destination for Americans seeking international experience without a steep cultural adjustment.
“The ongoing rise of remote and hybrid work may have further opened the door for Americans to explore life abroad while maintaining their existing work commitments. This flexibility, paired with the accessibility of mortgage products tailored for overseas buyers, has made the move more achievable than ever.”