Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
92%
94%
96%
98%
100%
102%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
As renter demand decreased towards the end of the year, December
2024 recorded a 1% drop in renter spend compared to November.
Overall, 2024 saw renter spend dip by an average of 1% compared to
2023.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 101% 0% 96% 99% -3%
East 97% 98% -1% 98% 97% 1%
North 97% 99% -2% 97% 95% 2%
South 98% 98% 0% 97% 99% -2%
Surrey 95% 101% -6% 91% 97% -7%
West 97% 98% -1% 96% 96% -0%
Total 99% 99% -1% 97% 97% -1%
61%
32%
6%
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%
-1%
Year-on-year
Month-on-month
2024 vs 2023
December vs November
Category - YTD 2024
8