In recent months, Austin Homes has seen a significant increase in Americans investing in prime London property as they take advantage of preferable exchange rates and strive for diversification.
Alongside Austin Homes, other London agents have also reported a rise in American investors, with some reporting as much as a 50% rise compared to a year ago.
Similar to the United Kingdom, the American property market remains buoyant despite economic challenges, and therefore investors on both sides of the pond are continuing to put their faith in bricks and mortar.
Prime East London property continues to attract investors from the United States.
Austin Hayes, Director of Austin Homes, explains, “As experts in property sales and lettings across London, with a focus on East London, most of our clients have always been from overseas. However, following the pandemic, we have seen a rise in American investors who are looking to diversify their portfolios and invest in low-maintenance, modern properties in sought-after locations such as Old Street and City Road. Our American clients are currently able to take advantage of preferable exchange rates and, with travel between London and New York becoming cheaper and cheaper, we see no sign of this slowing down.”
New York investors turn to London to diversify their portfolios.
If you want to diversify your portfolio and invest in prime London properties with higher-than-average yields, then get in touch with the Austin Homes team today.
Miss. Claire White
W. Why Media
E. claire@whymedia.com