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UK could benefit from US immigration policy as buyers seek safe haven
February 9, 2017Article by Paul Avery
US President Donald Trump’s controversial immigration policies could lead to property investors from Arab countries looking for safe havens to buy property, it is suggested.
Buyers from Middle Eastern and African countries, including those named in Trump’s executive order who might have invested in real estate in the US are now likely to look elsewhere.
Independent property buying agency Black Brick believes that London’s prime property market is in the front line to benefit from high net worth individuals and investors who no longer want to invest in the US or in other countries where they may not feel welcome in the future.
‘The UK in general, and London in particular, has long been an attractive destination for international investors, especially those from more volatile parts of the world, offering as it does, a stable political and legal system and a multicultural and tolerant environment. As Brexit looms, the UK will be redoubling its efforts to remain open to international investment and high-net-worth residency,’ said Black Brick managing partner Camilla Dell.
It is not only those from Middle Eastern and Muslim countries that may feel targeted by a more hostile US administration. China has also come in for considerable criticism from Trump on the campaign trail, and Chinese investors may rethink their plans if they feel the risk of arbitrary or ad hoc measures in the US has risen.
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