Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
92%
94%
96%
98%
100%
102%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
Renter spend displayed a marginal 2% year-on-year decrease
and a 1% month-on-month increase. In January, renters allocated
97% of their budgets.
Notably, two thirds adhered to or came in under budget, while a third
exceeded their allocated budgets.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 101% 101% -0% 101% 97% 3%
East 95% 98% -3% 95% 97% -2%
North 96% 100% -4% 96% 97% -1%
South 96% 98% -2% 96% 96% -1%
Surrey 90% 99% -9% 90% 95% -5%
West 98% 96% 2% 98% 97% 1%
Total 97% 99% -2% 97% 97% 1%
65%
29%
5%
Under Budget Over Budget On Budget
% of Renter Budget Spent by
100% means renters are spending exactly their budget. Anything over 100% means renters
are spending over budget. Under 100% means renters are spending under budget.
-2%
1%
Year-on-year
Month-on-month
2024 vs 2023
January vs December
Category - YTD 2024
8