Fortune reports:

Wealthy Americans are swapping U.S. ZIP codes for foreign postcodes, chasing stability as the U.S. grapples with a soaring cost-of-living, political polarization, and economic uncertainty. And now, they’re snapping up prime real estate in one of the world’s most expensive housing markets: London.

The British capital has witnessed a staggering jump in the number of sales valued above £15 million ($20 million)—and it’s largely being driven by Americans with deep pockets, according to luxury real estate company Beauchamp Estates.

An estimated £1.24 billion ($1.66 billion) worth of property was sold across 34 deals between January and June of this year, compared to the £694.1 million ($928 million) sales across 27 properties in the same period of 2025. The average sales price hit £36.5 million ($48.8 million), a £10.8 million rise ($14.5 million) from the year before.

And in the first half of this year, Americans accounted for 30% of all home sales above $20 million—up from 20% at the end of 2025—helping fuel the £546 million ($730 million) rise within just six months.

The average U.S. buyer of London’s high-class properties are usually young couples in their 30s to mid-50s, who have one of two young children. And Beauchamp Estates notes an influx of wealthy AI and tech coming in from across the pond; since the start of 2026, there has been a 10% rise in wealthy Americans working in the sectors acquiring top-tier London homes. [Continue reading…]