On January 20th, Donald Trump was inaugurated as President of the United States of America for the second time. Whether you admire or oppose him, it’s impossible to ignore the influence that Trump wields globally. This raises an important question: how might his policies impact the UK housing market?
Here are three ways Trump’s presidency could affect property owners and buyers on this side of the Atlantic:
1. Mortgage Rates and Borrowing Costs
Trump’s economic policies could influence global financial markets, which may, in turn, impact UK mortgage rates. If his administration fosters market stability, borrowing costs might stay relatively low. However, any financial turbulence emanating from the US could lead the Bank of England to adjust interest rates, potentially increasing the cost of mortgages. For UK homeowners, staying informed about these trends is vital to making sound financial decisions.
2. Energy Costs and Efficiency
Under Trump’s policies, increased oil and natural gas production could alter global energy markets, potentially lowering prices. However, experts suggest that such changes would take years to materialise. In the meantime, British homeowners may prefer to focus on reducing energy costs by investing in energy-efficient upgrades, such as better insulation or solar panels. These enhancements not only lower bills but also increase a property’s appeal to eco-conscious buyers.
3. Increased Investment in the UK
Since the US election, some estate agents in high-value areas like London and Oxford have reported a rise in inquiries from wealthy Americans considering a move to Britain. If Trump’s presidency proves turbulent, it’s likely that more affluent individuals will choose to resettle in the UK, potentially boosting the prime residential property market.
Control What You Can
Global politics is often unpredictable, and Trump epitomises unpredictability. While his actions could ripple across the global economy, UK homeowners and movers should focus on the aspects they can control.
The UK housing market has weathered challenges like Brexit, the Covid-19 pandemic, and the cost-of-living crisis, proving its resilience. If you’re considering selling your home in 2025, here’s how to optimise your chances of success:
- Work with a knowledgeable estate agent: Choose a local expert with a proven track record of selling properties like yours.
- Set a realistic asking price: Avoid overvaluing, which deters buyers, and undervaluing, which could lead to lost profit.
- Focus on presentation and marketing: Well-presented properties that are cleverly marketed and accurately priced will always attract buyers.
Whether you’re planning to sell, buy, or simply stay informed about the housing market, we’re here to guide you.
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