Has a recent UK election cleared the way for more real estate buying in the US?

Nick Churton of Robert Paul Properties looks at how a recent election in the UK has cleared the way for more real estate buying in the US.

In a surprisingly decisive vote the UK chose Brexit – again. In December, Boris Johnson led his Conservative Party to general election victory with an unexpectedly large majority. This result secured him the numbers needed to carry through his promise to “get Brexit done” – an election trope that will join the list of the world’s most effective, such as “it’s the economy, stupid” and “there you go again”.
What this means for real estate markets remains to be seen. But there are signs that buyers and sellers in the UK, weary from three years of political uncertainty, are once again daring to dream of their next home.
There remain uncertainties: the UK still has a lot of work to do clinching worldwide trade deals, and no one is certain what arrangements there will be with the European Union concerning rights for UK home buyers and owners in countries such as France and Spain. It does seem likely, however, that there will be residency restrictions affecting the number of months Brits will be able to live in European Union countries each year.