London sees surge in US buyers in 2019

Analysis by Liam Bailey and Tom Bill shows US buyers have surged to second place in London’s international buyer rankings, spending an average of £7.3m ($9.3m) in 2019. As their share of the prime London market has surged, so too has their spending power, from an average £5m ($6.3m) spend over the past decade to £7.3m ($9.3m) in 2019 so far – making the US buyer the fifth highest major spender behind Russians (£9.1m), Germans (£9.6m), Turkish (£10.8m) and those from Saudi Arabia (£13.4m). Marylebone, Mayfair, Chelsea, Islington and Belgravia are the most popular neighbourhoods with US buyers currently.