Power BI Desktop
Applicant Budgets
Foxtons - Lettings Market
January 2023 had an average applicant budget close to £500 per
week, which is the highest figure we've reported in any January
over the last four years. This is 9% higher compared to January
2022 and 2% higher than December 2022.
Although renters in every area of London increased their
budgets from last year, North and East London had the most
notable uplift at 15% and 13% respectively.
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
£511
£520
£478
£412
£453
£506
£453
£452
£450
£415
£412
10%
13%
15%
6%
-1%
10%
Total £497 £456 9%
1 2
Studio
£471
8%
1 bed
£431
10%
2 bed
£518
10%
3 3 bed
£610
9%
9%
2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
January vs December
5