Trump’s Tariffs: What Do They Mean for the Property Market in Richmond, Twickenham and Teddington?

Turn on the News today, we will see lots about trade tariffs and hear plenty of talk about economic impacts. 

It isn’t a property market story – but we have to face up to the reality that the health of the property market, and the Richmond Borough property market included, is intertwined with the health of the economy – and that’s why it matters to us to talk to you – our fellow local Richmond residents – about how it could leach across to impact the local property market here in this picturesque little slice of southwest London.

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These tariffs may slow economic growth and are likely to drive inflation upwards in the short term, which could impact further base rate cuts – and we have to be prepared for those recent rate reductions to be reversed – if not the base rate then undoubtedly mortgage rates. And of course, that has a direct effect on property purchases.

Nevertheless, the property market is resilient – and besides which, we have just experienced a bumper first quarter in 2025, with demand significantly higher than it was this time last year.

Our Richmond Upon Thames property market has weathered periods of economic uncertainty in the past, thanks to strong underlying demand, a limited local housing supply, and the continued appeal of homeownership and investment here. Schools like the private Kings House School, or outstanding state secondary schools like Waldegrave, Grey Court and Orleans Park will continue to draw families, and with local employment coupled with the easy train line straight into central London, professional tenants and working age buyers will continue to aspire to live in our area.

We might see shifts in buyer behaviour, and knock-on effects from the inevitable increase in our cost of living. All this plays a part in a property buyer’s decision making. 

But, chaotic as the headlines and media coverage may seem, these tariffs will also open up opportunities. These things always do.Sellers who are willing to stay ahead of the game and price sensibly will attract solid buyers without any doubt - and local landlords will always benefit from a market where tenants look for security and stability – that is par for the course when a market finds itself adjusting to new economic conditions.As always, markets will adapt, and at Bartlett and Partners we have our finger on the pulse locally to stay ahead of the game ourselves, keeping you informed about the local Richmond Borough property market as it ebbs and flows.For professionals and investors alike, staying informed and agile will be key. Yes, these tariffs will bring headwinds, but they also usher in new dynamics to navigate and new opportunities to seize.