Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
90%
95%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter spend displayed a marginal 1% year-on-year increase and a
3% month-on-month decrease. In December, renters allocated 96%
of their budgets. Throughout 2023, renters spent 99% of their
budgets.
Notably, two-thirds adhered to or came in under budget, while a
third exceeded their allocated budgets.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 99% 2% 97% 103% -5%
East 98% 98% 0% 96% 97% -0%
North 99% 97% 2% 97% 98% -1%
South 98% 98% -0% 95% 97% -2%
Surrey 102% 99% 3% 95% 96% -1%
West 98% 97% 1% 97% 100% -3%
Total 99% 98% 1% 96% 99% -3%
59%
33%
7%
Under Budget Over Budget On Budget
% of Renter Budget Spent by
100% means renters are spending exactly their budget. Anything over 100% means renters
are spending over budget. Under 100% means renters are spending under budget.
1%
-3%
Year-on-year
Month-on-month
2023 vs 2022
December vs November
Category - YTD 2023
8