Low
High
New Renters per New Instruction
Foxtons - Lettings Market
The number of new renters per new instruction in London has been
relatively stable since October 2023, hovering between 12 and 14
applicants per instruction. This behaviour continued in February 2024.
The year-on-year decrease of 29% highlights the shift in
market dynamics as demand reduced and supply increased.
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
2021 2022 2023 2024
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-29%
-2%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 9 10 -14%
East 15 20 -29%
North 14 20 -29%
South 18 27 -34%
Surrey 11 15 -28%
West 18 30 -40%
Total 14 19 -29%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 9 9 1%
East 13 17 -26%
North 16 13 24%
South 17 19 -10%
Surrey 11 11 -5%
West 21 16 25%
Total 13 14 -2%
Year-on-year
Month-on-month
2024 vs 2023
February vs January
4