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Post-referendum lettings demand from Europeans spikes

by: Fiona Nicolson
  • 12/07/2016
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Post-referendum lettings demand from Europeans spikes
Analysts at Benham and Reeves Residential Lettings confirm a falling pound is driving strong interest from overseas investors in the buy-to-let market.

Benham and Reeves Residential Lettings has also revealed that in the first quarter, one in four property applicants were from Europe, a figure which has leapt to 47% of all new enquiries, in the wake of the Brexit vote.

The company reports that demand has been strongest in its City, Canary Wharf and East London offices and that most of the demand has been from professionals in the finance sector, seeking to relocate to the UK and secure a job before secession is negotiated.

“Like many in this country, we initially felt that Brexit would have an adverse effect on the property market,” comments Anita Mehra, managing director.

“While it still may prove to have a negative effect on the wider property market, the initial reports from our branches indicate that it could potentially benefit the London lettings market.”

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