How Trump is fuelling London’s prime property boom
From Henry James and T.S. Eliot to Wallis Simpson and (albeit briefly) Taylor Swift, US expats have had a long love affair with London. But over the past year the number of Americans – overpaid, what with their favourable exchange rate, oversexed, possibly, and certainly over here – has been escalating fast. In 2024, 6,100 Americans applied for British citizenship, the most since records began – in what’s been dubbed the ‘Donald dash’. And it seems it’s the wealthy who are leading the charge. According to estate agent UK Sotheby’s International Realty, four in ten of the $15 million-plus properties sold in the British capital last year went to US
