Russia’s invasion of Ukraine has had noteworthy effects on many of Europe’s rental markets, as nationals and expatriates fled both Ukraine and Russia.
Rents in and around London increased throughout Q1 and Q2 and are now noticeably higher than pre-pandemic levels. As demand outstrips supply, rents bounced back at historic rates since their pandemic low point in Q1 2021.
The end is close for France’s highly disfavored taxe d’habitation, or residence tax. The Macron administration announced in June 2021 that, by 2023, no household will pay this tax on its main residence.
As expatriates assigned to the United Kingdom search for rental housing, they often ask about Council Tax.