European Tenant Demand Rebounds in Prime London Post-Brexit

Before the Brexit vote, European tenants made up around one in three renters across London, a reflection of the city’s unique ability to attract global talent and offer seamless access to opportunity.

By mid-2022, that number had dropped to just 14%, as political shifts and the end of free movement led many Europeans to pause or reconsider a move to the capital.

Encouragingly, the picture has started to change. Between 2023 and 2024, European nationals accounted for 20% of new tenancies, a clear sign that confidence is returning and London’s appeal as a world-class place to live and work remains undiminished.

Figures from property technology provider Goodlord highlight the scale of the previous decline and the steady nature of this rebound.

Brexit may have reshaped London’s tenant landscape, but the city’s global draw continues to shine through. With international mobility back on the rise, London is once again attracting a diverse mix of residents seeking both professional prospects and an exceptional lifestyle in one of the world’s most dynamic capitals.