WASHINGTON, DC - OCTOBER 26:  Republican presidential nominee Donald Trump gives a thumbs up after cutting the ribbon at the new Trump International Hotel with his son Eric Trump (L), wife Melania Trump and daughter Tiffany Trump (R) October 26, 2016 in Washington, DC. The hotel, built inside the historic Old Post Office, has 263 luxry rooms, including the 6,300-square-foot 'Trump Townhouse' at $100,000 a night, with a five-night minimum. The Trump Organization was granted a 60-year lease to the historic building by the federal government before the billionaire New York real estate mogul announced his intent to run for president.  (Photo by Chip Somodevilla/Getty Images)

Make Real Estate Great Again? Expert Predicts Trump Boom for Luxury Property

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By Kieran Corcoran | 9:46 am, November 9, 2016

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┬áthe markets.┬áTraders 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.

 

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