The number of European citizens searching for accommodation in London remains high despite concerns about Brexit, new research by Spotahome found.
The latest figures from the rental website reveal a significant number of Europeans dominate the bookings for accommodation in London, with the largest number originating in France (22.2%), followed by Spain, Germany and Italy.
The UK currently houses an estimated 300,000 French citizens, with the majority based in London. The data shows a large number of bookings and searches taking place in London originate from the Gaelic region. Just recently, French President Emmanuel Macron referred to the English capital city as France’s ‘sixth biggest city’, given the large number of French citizens based in the capital.
Meanwhile, the UK made up the second largest number of bookings on the site (11.9%), despite demand for rental accommodation being strongly driven by Europeans.
With a fast-paced property market, foreign citizens are opting to view more properties in a shorter period of time via Spotahome. The rental site has become appealing for people having to relocate to the city.
Alejandro Artacho, chief executive of Spotahome, commented: “London is and always will be a hub that appeals to people from all over the world.”
“It’s great to see that alongside Spotahome being popular with people from overseas, the platform is gaining popularity within the UK due to it being a far more effective method for finding accommodation.”