France is the number one European country for London rental enquiries
- 14th May 2019
- Buy-To-Let Property News
Demand remains strong despite Brexit and the impact of President Macron’s pitch to the French residents of London
Research carried out by ludlowthompson found France made the largest number of enquiries regarding renting in London of any European country, with 22% of all enquiries from continental Europe in 2019. Other countries which ranked highly include: Ireland 20% of enquiries, Germany 18%, Spain 16% and Italy 15%.
The strength of the London property market is strongly linked to its position as the financial centre of Europe. This has allowed London to continue to attract French citizens despite both Brexit and the subsequent appeals from President Macron for French citizens to return to France.
London is home to a large French community, with around 130,000 French citizens residing in the capital. This has led to a rise in French style restaurants and shops dedicated to catering to expats. London is also home to 15 accredited French schools, making emigrating to London much easier for French families.
Stephen Ludlow, Chairman at ludlowthompson, says: “Strong employment opportunities for EU nationals means demand for good quality rental properties is likely to remain robust in the long term.”
“Due to London’s strong wage growth and a healthy jobs market, we expect the long-term viability of the capital’s buy-to-let market to remain secure, strengthened by the continued demand from foreign citizens.”
If you are looking for your next buy-to-let investent in the capital, speak to your local expert today. Here is a selection of recent reviews from happy customers of ludlowthompson via Google:
- Humberto L L on Google Reviews
“Jake and team at the Ludlow Thompson Docklands office in London are very responsive, friendly, and professional. They go above and beyond to ensure the process runs smoothly. As a landlord of property in London, I strongly recommend using them as your agent.”
- Frederic HDLB on Google Reviews
“As a landlord of a few buy to let properties, I have been exclusively using LT to find tenants. They are really expert in their area and are really realisable to achieve best possible rent return. Whenever I tried to find an alternative agent, it turned out to be a failure and I eventually went back to LT. Best contact is Jibby who is running the lettings : extremely reliable, picks up email late evenings and WEs, knowledgeable. Really great asset for LT !”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews.
“Strong employment opportunities for EU nationals means demand for good quality rental properties is likely to remain robust in the long term.”
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