London’s luxury real estate market appeared to be in a funk of late—and with little hope of improvement given the looming tax shake-up for the super wealthy.

Or so it seemed. An increasing number of US billionaires and multimillionaires have been relocating to the UK, which has changed the landscape, Bloomberg reporter Damian Shepherd joins hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss.