Ultra-rich Democrats are paying tens of thousands of pounds a month to relocate to London after Donald Trump’s triumph, buying agents have claimed.
There has been an increase in interest from Americans wanting to buy prime property in the UK because they disagree with the President-elect’s bullish rhetoric.
Becky Fatemi, executive partner at Sotheby’s International Realty, said she received five calls in two days.
“That’s people saying, ‘he’s here, and he’s here for the next four years, and I don’t want to be, so these are the dates that we’re flying over’. All of those five are coming here within the next week,” Fatemi said.
Wealthy-Americans have looked at relocating to the UK
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Fatemi claimed a family was looking for a rental property with a budget of up to £70,000 per month just one day after Trump’s victory was confirmed.
She noted the number of enquiries to her team from American buyers have jumped by 30 per cent year-on-year in the past two months.
R3Location director Marco Previero also claimed that wealthy liberal Americans feel London is a safe haven that is “more aligned to Democratic values”.
He said: “London has always been seen as a safe haven, but really even more so now with a more stable government that leans to the Left.”
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Previero added: “They see Trump as an aberration. The writing was on the wall. Now they will be pushing the button.”
However, Rachel Reeves’ recent tax-raising Budget increases costs on those hoping to buy second homes after relocating to the UK.
She added an extra two per cent to the additional homes stamp duty charge, meaning the tax bill for a foreigner purchasing a £10million second home is now more than £1.8million.
Despite Reeves also planning to scrap the controversial “non-dom status”, wealthy Americans do not appear put off by the rental market.
A number of Democrat-supporting celebrites had also hinted at leaving the US if Trump entered the White House.
In the lead-up to the 2016 US Presidential Election, Whoopi Goldberg said: “Maybe it’s time for me to move, you know. I can afford to go.”
However, following a post by Trump in 2024, Goldberg clarified her position by saying: “Look, I’m not going anywhere… I know where I’m going to be because I got a contract, so I’m going to be here where I’m wanted for the next couple of years.”
American singer Cher expressed her cosmic aspirations in 2015, claiming: “If he were to be elected, I’m moving to Jupiter.”
