European Tenant Numbers Recovering Across the Capital

Before the Brexit referendum, around one in three London renters came from Europe, highlighting the city’s status as a leading global destination for work, study, and lifestyle.

By July 2022, that figure had dropped significantly to just 14%, as the uncertainty surrounding Brexit and the end of free movement impacted international demand.

Over the past year, however, there have been signs of recovery. Between 2023 and 2024, European nationals accounted for 20% of new rental agreements in London, suggesting a return in confidence and growing interest from overseas tenants.

Data from property platform Goodlord confirms that the initial decline was sharp and prolonged, extending through both the post-referendum period and the pandemic.

While Brexit clearly reshaped the rental landscape, London’s long-standing appeal is proving resilient. As borders have reopened and overseas mobility improves, we’re beginning to see more international renters returning, particularly those drawn by London’s enduring mix of opportunity, culture, and community.