Power BI Desktop
Applicant Budgets
Foxtons - Lettings Market
The average budgets for applicants remained practically flat from the
previous month, with just a 1% reduction. This was still 8% higher
compared to 2022 year-to-date, with renters understanding and
adjusting to the financial requirements of the current lettings market.
Although average renter budgets have increased in all areas of London
this year, renters looking to secure a property in North and East London
increased their budgets by 15% and 14% respectively in February.
Average Renter Budget Over Time - Foxtons Network
£380
£400
£420
£440
£460
£480
£500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
£558
£517
£517
£473
£418
£450
£511
£453
£449
£449
£402
£414
9%
14%
15%
5%
4%
9%
Total £495 £456 8%
1 2
Studio
£467
7%
1 bed
£432
9%
2 bed
£515
10%
3 3 bed
£609
8%
8%
-1%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
February vs January
5