Edo Mapelli Mozzi, CEO of prime London search agent and developer Banda Property, said:
“London is preparing to benefit from an exodus of nervous American investors fearing the worst, as Donald Trump commences his first full week in power. In an echo of the global financial crisis and despite Brexit, London’s prime property market is certain to be a popular choice for those seeking a safe haven for their cash at a time of huge global political and economic uncertainty.
“We have already seen an increase in US dollar buyers in prime Central London since the election result was announced in November, fearful that Trump’s policies will cause a weakening of the dollar and a new era of American isolationism. They are keen to lock in recent gains against the pound and are pleasantly surprised to discover what their dollars can buy them in London’s prime postcodes and emerging prime areas such as Battersea, home to the new US Embassy and Apple’s new HQ.
“Our West End culture, legal and transport systems, language and educational facilities will always be popular with American buyers and this only goes to strengthen London’s position as the world’s leading financial centre over New York.”