Demand for London accommodation from Europeans remains strong

Demand for London accommodation from Europeans remains strong


Todays other news
Donald Trump's impact on the housing market began before yesterday's...
Two parts of the UK have been identified by Zoopla...
The auction will be live-streamed on January 28...
A two bedroom mid-terraced house is a classic investment property...


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.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Two parts of the UK have been identified by Zoopla...
The data comes from estate agency Hamptons, analysing its customer...
The past year’s highlight was an extraordinarily busy October...
The Budget has forced a revision of forecasts for the...
Spain’s draconian new tax is already spooking British investors...
The Budget next week could spell financial shock for investors,...
Recommended for you
Latest Features
Donald Trump's impact on the housing market began before yesterday's...
Two parts of the UK have been identified by Zoopla...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here