When Michael Rosenblum retired from a successful career in television production last year, he could have followed the path of many wealthy Americans to places such as Panama, Miami or another retirement hotspot. Instead, the 71-year-old and his wife Lisa, 61, chose a village in the Cotswolds.
Until a few years ago, Michael lived in Midtown Manhattan, in a prime-location apartment above New York’s Museum of Modern Art (MoMA). But in late 2022, he and Lisa swapped city life for a bucolic corner of rural England.
The move transformed what their money could buy as he believes the UK is a bargain compared with America. In New York, the couple had a two-bedroom apartment.
In the Cotswolds, near Burford, they have a 5,000 sq ft home with three acres of formal gardens that cost roughly the same – in the region of £3m.
Michael says the timing helped. The couple bought shortly after the mini-Budget in September 2022, when the pound was valued at $1.07 against the dollar, giving American buyers like the Rosenblums a major currency advantage.
