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New Renters per New Instruction
Foxtons - Lettings Market
There were 18 renters competing for every new property in December,
a 23% increase from the previous month and 32% higher than the
previous year.
West London was the most competitive area in December with 31
renters per new instruction, while South London followed with 28
renters per new instruction.
New Renters per New Rental Instruction Over Time - Foxtons Network
0
5
10
15
20
25
30
35
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
32%
23%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
14
27
24
31
16
28
14
17
17
23
16
18
5%
55%
40%
31%
-0%
59%
Total 22 17 32%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central
East
North
South
Surrey
West
10
17
20
28
15
31
9
21
17
16
8
21
19%
-16%
20%
72%
74%
47%
Total 18 15 23%
Year-on-year
Month-on-month
2022 vs 2021
December vs November
4