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New Renters per New Instruction
Foxtons - Lettings Market
There were 19 renters competing for every new property in January
2023, which is 4% higher than December 2022, but 8% lower
compared to January 2022. This is still significantly higher than the 11
renters per instruction seen in January 2020 and 2021.
South and West London were the most competitive areas in January
2023, with 29 and 27 renters per new instruction respectively.
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
2020 2021 2022 2023
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-8%
4%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
11
21
18
27
15
29
14
20
24
32
17
24
-22%
7%
-23%
-16%
-9%
18%
Total 19 21 -8%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central
East
North
South
Surrey
West
11
21
18
27
15
29
10
17
19
28
15
31
4%
22%
-5%
-5%
3%
-7%
Total 19 18 4%
Year-on-year
Month-on-month
2023 vs 2022
January vs December
4