Month-on-month
Year-on-year
Applicant Demand
Foxtons - Lettings Market
In December, there was a 24% month-on-month decrease in
applicant demand, aligning with the usual seasonal decline in the
lettings market. Overall, demand in 2023 was 12% lower than in
2022, with a noticeable drop starting in July.
This sustained decrease is mainly attributed to high interest rates
and increasing living costs, which have reduced disposable income.
-12%
-24%
Renter Registrations Over Time - Foxtons Network
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter Registrations By Region - YTD
Central East North South Surrey West
2020 2021 2022 2023
2023 vs 2022
December vs November
3