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New Renters per New Instruction
Foxtons - Lettings Market
In April 2022, there were 19 renters competing for every new listing, which
is the same proportion as in March 2022 and still well ahead of the same
period in 2021. New Renters per New Instruction is a useful illustration for how
intense the competition is, so it'll be one to keep an eye on whilst we head
into summer.
The largest change has been in the East region, where low supply and high
demand caused competition to grow from 10 renters per instruction in 2021 to
21 renters per instruction in 2022 (year to date) - an incredible 106% increase.
New Renters per New Rental Instruction Over Time - Foxtons Network
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020 2021 2022
New Renters per New Rental Instruction by Foxtons Office Area - YTD
74%
2%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
11
21
24
30
14
26
8
10
12
18
14
13
40%
106%
99%
69%
2%
100%
Total 20 11 74%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central
East
North
South
Surrey
West
11
24
24
29
14
25
10
20
23
30
12
25
8%
20%
3%
-5%
15%
-1%
Total 19 19 2%
Year-on-year
Month-on-month
2022 vs 2021
April vs March
4