A new study has found that, despite the threat posed by Brexit, many Europeans are still hunting for Central London rental properties.
A recent survey by residential renting site Spotahome Found that French people make up over 20% of the people hunting for residential property in Central London. This far outstrips the number of native Britons searching for properties which stands at just 12%.
Indeed, French nationals are not the only Europeans who are looking for prime West End residential properties. There are also significant numbers of Spaniards, Germans, Italians, and many other nationalities who are looking for homes in London. Here at Robert Irving Burns, we are at the forefront of this increase in rental uptake by Europeans and have witnessed all sorts of changes in the market.
Our very own Head of Residential Lettings Julia Garber had this to say: “RIB have had a record breaking summer with European and International students and professionals looking to rent in Central London – Fitzrovia, Soho, Marylebone, and Mayfair. Whilst there has been an increase in property supply, rents have kept stable during this busy period and with an increase in new developments coming to the market, record rental prices have been achieved this year.”
We look forward to completing more and more residential deals, whether with Britons, Europeans, or indeed any other international renters looking to make London their new home. Whatever the changes to the country as a whole, London and Robert Irving Burns remain vibrant, diverse, and open for business. Come and visit us in our Fitzrovia offices or contact one of our dedicated rentals team if you would like to rent in Central London, or discuss letting out a property with us in the strictest of confidence.