Low
High
New Renters per New Instruction
Foxtons - Lettings Market
The year-on-year decrease of 22% in new renters per new instruction
indicates a shift towards a more balanced lettings market,
characterised by increased stock and stable demand levels.
While the number of renters per new instruction has decreased across
London, figures remain high in South London with 24 renters per
instruction, as well as West and East London's 23 and 22 renters
respectively.
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 2023
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-22%
15%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 11 14 -25%
East 22 27 -20%
North 18 23 -21%
South 24 29 -19%
Surrey 15 15 -6%
West 23 31 -26%
Total 18 22 -22%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 9 7 30%
East 19 17 10%
North 14 11 23%
South 18 17 7%
Surrey 9 8 8%
West 16 16 5%
Total 14 12 15%
Year-on-year
Month-on-month
2023 vs 2022
December vs November
4