A Donald Trump presidency could turbochange international luxury property markets, a real estate expert has predicted.
In an interview with Mansion Global, real estate CEO Peter Wetherell said that having “a property industry leader” in the White House would help his trade.
The London-based broker told the property site: “Without a doubt a Trump presidency will be pro-property and pro-real estate.”
He added that Trump’s clear enthusiasm for the UK – and particularly Brexit – could strengthen industry ties between the vibrant British and American markets.
Wetherell said: “U.K. Investors are turning away from the E.U., so a Trump win opens the electrifying possibility of new U.S. and U.K. trade deals. We are already seeing over the last four months an upturn in U.K. buyers looking at New York, Miami and L.A.”
The prediction comes at a tense time for the markets. Traders were braced for losses – but at time of writing London’s FTSE 100 is up on yesterday, and there were no major movements on the S&P and NASDAQ indexes when they opened in the US.