Low
High
New Renters per New Instruction
Foxtons - Lettings Market
Competition remained strong in February, holding steady at an
average of 13 applicants per instruction, in line with January's levels.
Year-on-year, North London experienced a notable 16% increase in
new renters per instruction, reaching an average of 17 applicants per
property.
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
2022 2023 2024 2025
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-2%
-2%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 10 9 13%
East 14 14 -4%
North 17 14 16%
South 17 18 -9%
Surrey 11 11 1%
West 14 18 -20%
Total 13 14 -2%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 10 10 2%
East 13 14 -6%
North 18 16 9%
South 17 16 2%
Surrey 9 13 -35%
West 13 16 -15%
Total 13 13 -2%
Year-on-year
Month-on-month
2025 vs 2024
February vs January
4