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High
New Renters per New Instruction
Foxtons - Lettings Market
In August there was an average of 23 new renters per new rental
instruction, an 11% increase from July. Compared year to date to 2022,
new renters per new instruction have reduced 17%, highlighting the
changing market.
East London has risen 46% month on month, with an average of 38
renters per instruction. In West London, the average fell from 25 to 21.
New Renters per New Rental Instruction Over Time - Foxtons Network
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5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020 2021 2022 2023
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-17%
11%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 11 15 -22%
East 22 27 -19%
North 21 24 -16%
South 27 33 -17%
Surrey 16 16 1%
West 25 28 -11%
Total 19 23 -17%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 12 13 -6%
East 38 26 46%
North 27 20 34%
South 29 30 -3%
Surrey 24 13 84%
West 21 25 -13%
Total 23 20 11%
Year-on-year
Month-on-month
2023 vs 2022
August vs July
4