Next Monday (January 20th), Donald Trump will be inaugurated as President of the United States for the second time.
And whether you love him or loathe him, there’s no escaping the fact that he’s once again one of the most powerful people in the world.
So, could events in Washington really have an impact on the UK property market – or even the housing market here in Thetford?
Here are three ways Trump’s policies might indirectly influence things on this side of the Atlantic.
1. Mortgage rates and borrowing costs
Trump’s economic policies could affect global financial markets, which in turn influence UK mortgage rates. If market confidence stays steady, borrowing costs may remain low – great news for homeowners and anyone looking to move. But if uncertainty returns, the Bank of England could adjust rates to stabilise the economy. Either way, it’s worth keeping an eye on the headlines if you’re planning to buy or remortgage this year.
2. Energy costs and efficiency
Trump has long promised to “drill baby drill,” increasing oil and gas production to drive down prices. While that might take time to filter through globally, shifts in energy markets could influence household bills here in the UK. In response, many homeowners may choose to invest in energy-saving upgrades such as insulation, solar panels or smart heating – improvements that not only reduce costs but also boost a property’s appeal to future buyers.
3. Increased investment in the UK
Following the last US election, high-end estate agents in London and Oxford reported a rise in enquiries from affluent Americans looking to relocate to the UK. If Trump’s next term proves turbulent, we could see another wave of wealthy buyers heading here, giving a lift to the prime property market and potentially trickling confidence down the chain.
Control what you can
Global politics is unpredictable – and President Trump perhaps more than most – but the UK housing market has weathered plenty of storms before. From Brexit to Covid to the cost of living crisis, it has shown remarkable resilience and continued demand.
If you’re planning to sell your home in 2025, focus on what’s within your control:
• Choose an experienced local estate agent with a proven record of selling homes like yours.
• Market your property at a realistic price – overvaluing is the fastest way to lose momentum.
• Present it beautifully and make sure it stands out with professional marketing.
Because no matter what’s happening in the world, a well-presented, well-priced home in Thetford will always attract buyers.
Whether you’re thinking of selling, buying, or just planning your next move, we’re here to help you make well-informed property decisions.
Article by Andrew Overman | Partner | Location Location East
