Europeans are still house-hunting in London, it turns out

Emma Haslett
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European house-hunters are still flocking to London (Source: Getty)

Brexit may be nigh, but that hasn't stopped Europeans from hunting for rental properties in the capital, according to new figures.

Data by home rental website Spotahome has found French people make up more than a fifth of house-hunters on the website, while Britons make up just 12 per cent.

Spaniards, Germans and Italians are also hunting for homes in the capital in their droves, the site said.

London rents

The capital has experienced a fall in its housing market since the Brexit vote in June last year, with the latest figures from Nationwide showing prices in the capital fell 0.6 per cent in September, the first time in eight years London house prices have fallen.

Meanwhile, figures published this morning showed a sharp fall in demand in the capital as potential buyers brace themselves for rises in interest rates as affordability begins to hit a ceiling.

That has hit the rental market, with separate data from Homelet showing London rents rose just 1.9 per cent in the year to September, below the 2.1 per cent average rise across the UK as a whole. In the South East, rents actually fell.

Read more: Research shows the 1m new homes target won't make them more affordable

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