Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attractive destination and home price points that are drawing British investors.
West Coast: Palm Springs, Calif.
- Sweet-spot price: $600,000 to $700,000
- What’s driving investors: Yearlong warm weather, attractive golf communities, and accessibility for London travelers flying to LAX from Heathrow Airport.
Midwest: Chicago
- Sweet-spot price: $700,000 to $800,000
- What’s attracting investors: The city’s many parks, lakefront, hip restaurants, and architecture are helping to create buzz. The business community, along with 500,000 British expats who call Chicago home, is also drawing investors from Great Britain.
East Coast: Orlando, Fla.
- Sweet-spot price: $500,000
- What’s attracting investors: Proximity to international entertainment attractions such as Disney World, along with warmer weather and long-term rental opportunities, such as tourists looking for vacation homes.
Northeast: Boston
- Sweet-spot price: $700,000 to $800,000
- What’s attracting investors: The Boston-Britain connection runs deep. “Boston’s British connection goes right back to its origins in 1630, when Puritan colonists founded the city on the Shawmut Peninsula and named it after Boston in Lincolnshire,” Investorist notes. “The ever-popular Fanueil Hall is also one of Boston’s many buildings done in a British style, with the 19th century center of the city having a very British appeal to it.”
Source: Investorist
