30 Jun

Eurozone professionals seek property to rent in London

Eurozone professionals seek property to rent in London

More people are seeking property to rent in London due to the debt crisis in the Eurozone, according to an analysis from Knight Frank.

The research found that European tenants account for 30.4 per cent of all those getting property to rent in London between January and May this year, compared with 25 per cent in the corresponding period in 2010.

Additionally, the number of new French tenants was up by 80 per cent, while Portugal, Ireland, Greece and Spain also showed strong growth, indicating that a number of foreign professionals and high-skilled workers are relocating to the UK.

Knight Frank's head of residential research Liam Bailey said: "The recent surge in demand from European tenants reflects staff transfers into London's financial and business service firms.

"The big uplift in demand from countries which are mired in economic difficulties suggests that some professionals have sought refuge in London."

Meanwhile, the company's Sumer 2011 European Market Indicators shows that rental growth has continued in many of Europe's commercial property markets.ADNFCR-1222-ID-800608009-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.