Wealthy US buyers flock to UK properties

Americans are showing a strong interest in UK properties, particularly in London, despite their lack of knowledge or concern about British politics. US buyers have been purchasing trophy mansions, penthouses, and lateral apartments in some of England's most prestigious addresses. Last year, four in ten London homes valued at £15m and above were sold to American buyers, totaling over half a billion pounds. The upcoming change in the non-dom tax regime, which may affect foreign investments, does not seem to deter American buyers. They are said to be attracted to the quality and charm of traditional British homes, as well as their proximity to Europe. American buyers have also started to diversify their purchases, including new-build properties.

The Times