Analysis is of 150,000 tenancies processed through its platform for letting agents between March 2018 and March 2019. £0
The statistics offer a stark picture of the decline in EU nationals moving to London and England as a whole. EU nationals went from representing 18.5 per cent of all tenants in England in March 2018 to just 14.9 per cent in March this year – a fall of a fifth in the number of EU nationals overall. £0
The decline was just as stark in London as it was across the country as a whole with EU nationals representing 29.7 per cent of tenants in the capital in March 2018, compared to just 23.7 per cent this year.
Every month since March 2018 has seen a net reduction in the number of EU nationals signing new leases, reports Goodlord, a PropTech firm. £0
By contrast, during the previous year – running from March 2017 to March 2018 – nine out of 13 months saw a net gain in EU nationals settling here. £0
The biggest falls in the period to spring 2019 were amongst EU citizens from Ireland, Poland and France. £0
The month which saw the biggest year-on-year reduction across the country was October 2018, the same month that the EU-UK were due to settle on a deal but failed to reach a consensus. £0During that month alone, a drop of eight per cent was recorded. £0
The number of new residents from non-EU countries has remained £0steady, with only a small dip of 1.5 per cent year-on-year.
This new study (by Goodlord) comes despite a claim by investment consultancy London Central Portfolio that Brexit had not yet had a significant effect on the rental sector in the capital at least.